***Updated: June 18th, 2021***
For over 20 years now, the most difficult way to fund United States iGaming accounts has been with American Express, followed closely by competitors extending similar services. This is due to credit card companies not wanting to run afoul of federal rules or regulations, understanding that Las Vegas lobbyists were victorious in enacting strict laws.
Nevertheless, SCOTUS ruled in favor of individual jurisdictions and offshore entities in 2018, striking down existing legislation to ensure every enterprise enjoyed an equal opportunity to enter the market. Unfortunately, stakeholders of traditional payment methods remain apprehensive and are still reluctant to expand business, choosing to stay on the sidelines as cryptocurrencies such as Dogecoin and Ethereum swell in popularity.
Therefore, the following updated list of U.S. AmEx wagering websites are the only destinations presently accepting it while also delivering a safe and trustworthy experience.
The above are all guaranteed to settle winnings quickly, albeit via check by mail as profits aren’t assignable to cards. Additionally, each boasts A+ Certification for providing excellent customer care, independently-audited software, and flawless reputation.
American Express Casinos
Historically, American Express charges substantially higher fees to merchants than competitors, roughly 4% per transaction versus 1.5% for VISA and MasterCard, numerous operators not offering it for this reason. The rationale given for the price discrepancy is that since holders opt to pay for membership, they must earn higher salaries and aren’t as much of a risk to dispute valid purchases. They’ve attempted to build an aura of prestige around the brand that supposedly encircles clients as well, suggesting, “anyone who welcomes the blue plastic is esteemed and will consequently attract high rollers.”
However, finding reputable destinations is extremely hard as few are sold on the “elevated perception” being worth increased fees. Especially now that an advanced age has begun and countless people prefer Bitcoin gambling or other altcoins due to speed, cost, and privacy.
So upon discovering an AmEx Casino, be grateful because they’re in scarce supply for 2021. It takes a lot of time and expense to provide and these resources could be diverted to adding new, superior monetary tools instead.
After signing up, purchases are relatively quick and painless, assuming they’re not flagged by a security team. After all, this was one of the main techniques affected by UIGEA legislation, which had decreed financial processing for iGaming was illegal. Sadly, even though the endeavor has been legal for years now, occasionally obstacles are incurred.
If hoping to deposit with AmEx at sportsbooks, options are very limited. Smaller brands usually accept it since they cater to fewer members and fly under the radar, not generating much activity. Therefore, it’s seldom offered at large scale operations and often found solely at niche sites keeping a low profile.
Don’t be alarmed if a transfer is promptly declined as it habitually has one of the lowest success rates in America, employees consistently monitoring which countries use their services. If an immediate failure occurs, contact the operator’s representatives and ask if they can complete it manually and if not, go somewhere else or select an alternative.
After successfully funding balances, an unrecognizable
merchant descriptor appears on credit card statements, which is absolutely normal as it would be foolish to announce what it was actually for and subsequently get flagged. Consequently, descriptors could involve anything from flowers to wedding accessories or even pizza delivery, never directly naming
BetOnline or something equally identifiable.
Larger organizations are always under a microscope and 200,000 entries or more in a calendar month with descriptors of
Wanda’s Bridal Boutique would obviously alert financial institutions and probably result in processors shut down. This is all just part of the current landscape and the main reason why the best USA betting sites now suggest cryptocurrency above everything else. It’s simply a better way to do business.
How to Deposit and Gamble with American Express
Once in hand, depositing and gambling with American Express is relatively straightforward, although depending on location, it might be necessary to receive permission first. This is because popular methods are reserved for preferred clientele, specifically ones who’ve built a history with them and never charged back on purchases before.
All major banks issuing AmEx should work, including but not limited to:
- JPMorgan Chase
- Bank of America
- Wells Fargo
The procedure necessitates entering full account number, expiry date, name as displayed on card, and CCV number for authentication. Once submitted, information is stored in their secure database, only the CCV required for future transactions.
Their company name makes a lot more sense when considering that many years ago, they delivered packages throughout the new frontier. It was the mid 19th century and John Warren Butterfield drove stagecoaches across New York State and ended up partnering with a couple of freight agents on his route, Henry Wells and William Fargo, starting a shipping service called American Express.
Wells and Fargo eventually pitched running routes all the way to California but their idea was rejected by peers at the time. The pair left soon after and started their namesake enterprise, ultimately forming the early industrial backbone of the United States in the process. Clearly, that was a long time ago and both are now two of the world’s largest financial organizations.
James Congdell Strong Fargo, son of William Fargo, was running full steam in the 1880s when he took a vacation to Europe, his hands clutching letters of credit from prestigious New York City banks, yet still unable to cash checks abroad. After returning home he decided to solve the problem and created American Express Travelers Check with pre-set denominations acceptable overseas. Due to this and other factors, it’s evident they pioneered international financial consumer transfers to a level where the economy truly became “global”.
Initially AmEx was an actual piece of cardboard, replaced in 1958 by the world’s first embossed plastic ones, beginning as a
charge card, not
credit. Balances couldn’t be carried over month to month and required full payment upon bill reception. They weren’t issued unconditionally and customers had to pay to belong, which of course brought a host of unique benefits alongside perceived “convenience”.