Regulated Online Gambling Sites Accept Credit Cards
Online gambling is any form of gambling conducted online. This includes online casinos, live casinos and even sports betting. In this post we will look at a number of the various kinds of online gambling and what the differences between them are.
The initial online gambling site opened for the general public, to the public, through ticketing, to the then newly-regulated Liechtenstein International Poker Tournament in October 1994. These first licensed online gambling sites were operated and regulated by the German Gambling Authority. These sites were restricted from offering gambling odds for real cash online. Only soccer results along with other non-related data could be found on these sites.
On the next couple of years several additional online gambling sites opened. Many of these new gambling operators were operated by companies that were authorized by the German Gambling Authority to carry out the specific business activities. Many of these new operators started issuing bank cards as a method of payment. Initially this meant that the charge card owner could purchase tickets or participate in the sporting events and tournaments with ease and comfort of their office or home. Over time this practice extended to permit credit cards to be used to create purchases at licensed live casinos.
The next major development to the online casino industry came into being with the implementation of online gaming laws in america. There are seven states in the US that allow casinowed.com online gambling and all of these are fully legalized. However, the US authorities still don’t allow online casinos in any form that processes any type of wagering or even gives out credit cards. This consists of sports betting and real money games. This is the main reason why you can’t use your charge card to make payments for the most part online casino websites. You will have to have an account with a website that’s processing payments for wagering purposes.
The lack of regulation around online gambling in the US has lead to some very serious problems. The European Commission for example considers online gambling sites to be a form of internet gambling in themselves and therefore they do not have strict regulations set up. This means that there is no protection from fraud in relation to these virtual gaming sites. The only method that any real cash online gambling sites could be regulated is if the government passed some form of law requiring such regulation.
Many US states however do regulate online casinos in a single form or another. There are typically two forms of regulation set up; managed play and un-managed play. With managed play, the website of the web casino will go through a business called the Payment Card Industry Data Security Practices Association (PCI DSC) before they issue you a card or a debit card to use at the site. Un-managed play requires the web casino to go through an authorized organization called the Payment Card Industry Data Security Solutions (PCI DSS).
Lots of the payment card companies that offer credit and debit card services to online casinos let you make purchases through them so long as you are older than eighteen and a US citizen. When you are under the age of eighteen, you are going to need to find one of the regulated payment card payment methods all on your own. If you do not have a payment method on your current credit or debit card, you can simply work with a service like PayPal to make purchases. Additional methods that are popular include: direct transfer, PayPal, and bank transfers.
PayPal happens to be the most accessible payment method out there. They allow people to transact money online securely and conveniently so it is accessible. Many regulated online gambling sites use PayPal for several of their transactions. If you need to get started doing PayPal and play on one of many regulated online gambling sites, it really is highly recommended that you make reference to our gaming finance guide for recommendations on how to get started.