Visa Bans Online Gambling Payments - 02-23-10

February 23 - Several weeks after Mastercard found a way to block casino payment to and from online gambling sites, the other credit card brand, Visa, followed suit.

It was reported this week that online gamblers are having problems paying for their gaming entertainment using the credit card option, and American players are not able to see their transactions completed.

While Visa has not come out with a statement regarding its latest policy, it is generally believed that the decision was due to the Unlawful Internet Gambling Enforcement Act, which may or may not be enforced in June.

This will depend on whether gambling proponents are successful in getting the implementation of the law postponed once more, as they did in January.

It is unknown how many Americans actually use Visa for their online gambling payment, with many preferring alternative methods such as Neteller and other e-wallets.

Over the years, and since the introduction of UIGEA laws in 2006, Americans have already familiarized themselves with the alternative payment market and it could be said that the majority have chosen this route to be on the safe side.

However, it is still believed that thousands will be affected by Visa's decision to ban online gambling payments.

Visa and Mastercard were the last two credit companies offering the gambling market their services, with other groups such as Discover and American Express banning gamblers many years ago.

Alternative payment companies now expect a surge of renewed interest in their products as Visa cardholders seek out safe, reliable and discreet payment options for their gambling action.

Thankfully, most online gambling sites accept a wide range of payment options and even reward players with extra bonuses for paying with these methods.

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