American Express is Not Associated With Any Online Casinos
Thursday, August 27th, 2009Hold up, wait a minute!
Remember a few weeks back, when there was a huge announcement that American Express was now being accepted at online casinos as a deposit method? Well, forget what you heard. Apparently, it has just been announced the AmEx is NOT accepting transactions from online casinos; the announcement was a false alarm. AmEx has stated that they will continue to restrict online casino customers from depositing money using their American Express cards.
Online casinos were actually only claiming to offer American Express, without the companies permission. It has be speculated that they were processor casino transcations under a guise, claiming the funds were for another service.
In a statement issued recently, AmEx said: “It has been a long-standing policy that American Express will not or cannot be accepted as a form of payment, both on and offline. If found to be doing so, merchants will be terminated immediately”.
But, don’t worry. This doesn’t change things for other payment processors, like PayPal, that have just hopped back into the online gambling industry. PayPal’s move even makes me thinkg that this could even be seen as a bad move by American Express. Maybe they should reconsider?
Many operators and companies that offer services that could be valuable in the online gambling world (such as software providers and payment processors) have piped up recently, because the American government seems closer than ever to online gambling legislation. If online gambling does, indeed, become legalized, this opens up a whole new market, and these companies stand to make some huge profits.

