From CasinoArticles.com Online Gambling Have you ever had this experience? You find a great looking online casino or sportsbook. You decide you want to get in on the fun and join up. They are offering a signup bonus and great membership perks, so why not? You fill out the Join up form and so far so good; right? Then you move on to deposit money into your account. You fill out the secure form with your credit card information, and your card is rejected. How can this happen? You pay your credit card bills, you have plenty of credit left to spend, why is your credit card being rejected? Well, the reason could well be because the bank who issued you your credit card has deemed online casino credit card charges too high a risk. There are a number of reasons for this seemingly draconian policy. The Internet is responsible for over half of the credit card fraud and chargebacks in the world today. Banks would not/could not halt all credit card spending online as this would cripple the Internet economy, but they are taking steps to try to minimize their risk. The easiest scapegoat is online casinos and sportsbooks. (They also happen to be the online businesses where most chargebacks occur.) The advanatges? It is easy to pay from your checking account, your winnings will be sent to you via check so you can easily track your spending through your checking account and there is almost no risk of fraud to you. What is a virtual wallet? It is a program that works like a wallet or a bank account that you can download on to your computer. You deposit money into your wallet using your credit card or an Internet bank. You can then go shopping online and pay for your purchases using your virtual wallet. Get it? When you get your credit card bill, it will show charges to your wallet in the stores, auction sites, online casinos or online sportsbooks where you ended up spending your money. There are many virtual wallet programs out there. If the casino you use doesn't have one, contact them and let them know that you want to use a virtual wallet as a payment system with them! Getting to know the people behind your favorite online casino or sportsbook is the best way to get the service you deserve! I can't imagine an online casino or sportsbook who wouldn't want to make it easier for their customers to bet with them, can you? © Copyright 2001,2002 CasinoArticles.com |