Gambling Credit Card
What is a credit card?
A small card issued to the users of a retail transaction
settlement and credit system can be called a ‘Credit
Card’. It is usually a plastic card that is different
from a debit card. The difference between a debit card
and credit card is that in the former, one can use the
card to remove the money from his account, while in the
later; the issuer lends money to the user. At times,
people tend to use the terms ‘credit card’ and ‘charge
card’ interchangeably, however, in case of charge cards,
the balance has to be paid in full every month, while in
case of a credit card, the consumers can have any
balance and are charged interest. Generally, all the
credit cards are of the same shape and size (according
to the specification of ISO 7810 standard).
Gambling Credit Card –
These credit cards are used on the same principle as
other credit cards. It is used to play different card
games in the card rooms or on the internet (online
casinos). Here is some more description about the
gambling credit cards.
Online Gambling Credit Card –
Using the online
gambling credit card, one can pay the money to the
online casinos. Most of the online casinos accept Visa
The casinos of North America do not accept the credit
card purchase. Not that they don’t want money but, as
per the regulations of the credit card companies, the
merchant ( or the casino in this case) has to identify
the credit card transaction as 7995 (transaction 7995
represents the purchase of tokens for the purpose of
Internet Gambling) and most of the US banks do not
accept the high-risk transactions.
The credit card can be used in two ways in this case
(which have become quite common with the North American
residents for depositing funds into online casinos) –
either by opening an account at Pay Pal or at Fire Pay.
The credit card can be tied up with either of these
accounts and any online gambling transaction will be
considered as a pseudo-cash transaction. Casinos even
give additional bonus to people using one of these
Depositing money by an ACH (through an electronic
check), by wire check, Neteller or Layeway or sending
funds through Western Union online are some other ways
through which funds can be deposited into online
casinos. Many casinos even offer incentives for making a
purchase by Western Union.
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