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New Credit Card Codes For Online Gambling
Wednesday April 15,2015 : NEW PAYMENT CODES BRING HOPE TO U.S. OPERATORS
Friday could see a game-changing development in credit card processing.
The three US states that have legalised online gambling, Nevada, Delaware and New Jersey, are probably hoping that changes in the credit card system due to be implemented this Friday (April 17) will make their lives easier and business better.
One of the hurdles facing legal operators in the States has been the reluctance of credit card processing companies to handle online gambling transactions, a backfire from the Unlawful Internet Gaming Enforcement Act, which was designed to disrupt player-casino financial transactions and has proved successful in doing just that.
After representations by regulators and operators, major companies like MasterCard, Visa, American Express and Discover are reportedly taking a more realistic view of the problem, and are set to introduce new Merchant Category Codes for legal online gambling transactions.
The adoption of the new codes rests with the individual banks issuing the credit cards, but it is anticipated that the take up will be good, improving the convenience of depositing for players at online gambling and lottery sites, and reducing the incidence rejected deposits which has been slowing down the legalised online industry.
According to a recent article in Casino Enterprise Management, there will be three new codes: state-operated online lotteries (7800); state-run online casino games (7801) and state-managed online dog/horse racing (7802).
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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