Legal Gambling USA

Online casino games, poker, sports and horse racing betting websites authorized in USA

Legal Gambling USA

New codes for online gambling market and credit card payments

July 13, 2015

The online gambling market is still struggling in the United States facing new complications every day. MasterCard and Visa has put out there three new credit card codes that will help financial institutions to identify electronic transactions. Credit card payments from online gambling transactions will be now monitored, included in three new categories: state-run online lotteries (7800), state-run online casino games (7801), and state-run online dog/horse racing (7802). The online gambling market wants banks to have the last word on this matter though. PayPal, American Express, Bank of America, TD Bank, and Wells Fargo are already declining online gambling transactions.

Party Poker has not seen the new credit card codes as an improvement for the online gambling market. Bwin Party Group Director, Jeffrey Haas, has made several comments about it: “In the first few days after the new codes went live, we saw an immediate decline in MasterCard transaction success rates of about 5%. Two weeks ago we had an average success rate of 77.5% [MasterCard], and last week that improved to 79.3%. The decline in MasterCard has been more than offset with the substantial improvements we have seen in Visa transaction success rates. The success rate in June has been 61.1% MTD, with last week hitting above 62% for the first time.”

On the other hand, Pala Interactive has a different point of view about the new codes. Chief Operating Officer Mike O’Malley has said: “Since making the change to the new codes, the number of transactions getting approved for MasterCard have doubled as well as a substantial increase in the number of players getting approved. Since making the change for Visa, we have seen increase in both approved transactions and players. As time goes on, we expect to see the numbers continue to climb, both because players are retrying and becoming more aware, as well as more banks are approving the codes (some didn’t switch their code over when the change was made). Also, operators will continue to push MasterCard and Visa as they get more comfortable with the approval rates, and move off of high recommendations for other forms of payment.”

Online Casino News in USA

Get More Free Rewards at Sugarhouse Online Casino

July 10, 2020 — The Sugarhouse online casino is one of the most exciting places to play in New Jersey. Sugarhouse has one of the best rewards programs of any online casino, and all New Jersey residents that are ove...

Michigan Prepares to Issue Online Casino and Sports Betting Licenses

July 8, 2020 — It has taken Michigan a fair amount of time to move forward with its online gambling legislation. The state is now prepared to begin accepting license applications from gaming operators. Residents a...

West Virginia Works Towards Legalized Online Gambling

July 3, 2020 — West Virginia is working through some of the questions about their new online gaming regulations that are set to go into effect shortly. The interactive online games are to be run by the West Virgin...

Pala Casino NJ Offers Fourth of July Cash Giveaways

July 1, 2020 — With The July 4th weekend fast approaching, it will be interesting to see how many New Jersey residents will be heading outdoors for the celebration of the Nation's birthday. For the folks who wish ...

All the news from legal online casino in USA

Copyright 2020 © LEGAL-GAMBLING-USA.COM - All rights reserved
Legal Disclaimer - Warning - Affiliate Program - Responsible Gaming - Contact on Twitter   RSS

Gambling involves risk: indebtedness, dependence, isolation. Helpline: 1.800.522.4700
Gambling is prohibited for minors.

-18 -21