American Express (AMEX) is one of the world’s most popular credit card issuers, joining the likes of Mastercard and Visa among the fan-favorite ones. It was founded in 1850 as a freight forwarding company, eventually offering financial products and travel services. Since then, it has become one of the top payment gateways, and it continues to enrich its customers’ lives with its special brand of services.
Today, American Express is one of the trusted payment methods in online casinos, providing quick and safe transactions. If you are looking to deposit and withdraw your funds using this payment gateway, read on to know more about its features.
Why You Should Use American Express
One of the most compelling reasons to get an AMEX card is that it is one of the most reliable credit cards in the world. With hundreds of years in the industry and millions of customers, you can be sure that the brand can be trusted. Here are the other reasons why American Express is a fan-favorite payment gateway:
1 | Virtually Instant Deposits
When you top up your casino account using American Express, you just have to key in your credit card information. After that, expect the funds to reflect in your casino account right away.
2 | Secure Transactions
As one of the top credit card companies in the world, American Express has strong security measures in place to prevent fraud and theft. As a result, you can expect that your personal and financial info is safe whenever you transact in your chosen casino.
3 | Membership Rewards
Becoming an American Express member gives you numerous benefits. You can choose to add a supplementary card for a family member. Even better, you earn points whenever you use the card. You can then use these points to claim rewards like gadgets and electronic devices, travel items, and more. There is also an AMEX membership that rewards you with discounts on hotels and flights.
3 Disadvantages of American Express
However, not all payment gateways are perfect. In this case, keep in mind of the following limitations in case you chose American Express as your banking channel:
1 | Limited Availability in Online Casino
Compared with Mastercard and Visa, American Express is not as popular a banking option in many online casinos. This is because there are strict banking regulations in the United States when it comes to gambling transactions. Because of this, you will find American Express as a payment method mostly in US-friendly casinos like Bodog, Bovada, and Intertops, among others.
2 | Processing Fees Involved
Unlike the abovementioned credit cards, AMEX usually charges processing fees on top of your deposit. The charges are reasonable, but do expect to pay them when you send money to your casino account via this method.
3 | Limited Withdrawal Opportunities
While some casinos accept deposits via American Express, not all of them support withdrawals using the same channel. In this case, you have to choose another way to cash out your funds.
There is no doubt that American Express is one of the most trustworthy banking channels in the industry. It provides you with virtually instant deposits and rewards you with gifts as you keep using your credit card. Just remember the limitations you will encounter if you choose American Express as your payment method.