Following the passing into regulation of the Unlawful Internet Wagering Enforcement Act (UIGEA), it may be been difficult for US players to find safe, reliable ways to make deposits into their favorite casino, poker room or sporting activities book.
Solutions exist, of course , but it’s not always no problem finding a match-up between your picked casino and preferred put in method.
The biggest casualty of UIGEA was, of course , NETeller, which had dominated industry following the departure of PayPal. Both those methods acted as so-called ewallets ~ intermediaries that allowed consumers to fund their casino accounts from their bank accounts, without the final recipient having to see their very own bank account details.
In the early days of online gambling, this was significant as not all casinos could be trustworthy, and this ‘barrier’ served to boost customer confidence. These days, players have to be more trusting in the casinos they’re playing with. The main advantage of this is that now very few contemptible casinos exist – those who remain have stood the test of time and can be seen as trustworthy.
So , what options do players now have? Credit cards, of course (though some banks will prevent wagering transactions), debit cards and quick bank transfer are the most apparent ones.
But in a classic case of necessity being the mother of invention, the casinos are finding more and more approaches to allow players to fund their very own accounts. It’s beyond the scope of this article to give specific details on a method and online casino basis, but casinos are present that allow easy economic transactions for US-based players that are completely safe and legal – if you know where to find them.
UIGEA was meant to be the end of internet gambling. Though it undoubtedly affected the market, with both casinos and players pulling out of the US, along with the payment processors, the core industry that remains is equally strong and vibrant.
We have a huge upsurge in internet gambling expected when the so-called ‘baby boom’ generation start to leave the workplace. These people will be internet-savvy, have got disposable income, and will resent being told that they can’t use their money in a way that they see fit.
These people will demand to get allowed to gamble online in the event they so wish. The greatest demographic for online gambling is definitely the 45-65 female group, and this is a massive lobby that no Government should dismiss. With ‘regime change’ predicted in the USA in 2008, most involved with the online gambling sector are hoping for a more open-handed attitude to an individual’s right to choose how to spend the funds they’ve earned!
What the sector needs now is a number of payment processors that offer variety and choice to the consumers, although being 100% safe and reliable. These may come through the existing solutions or can be yet to be invented.
No matter what methods come to the honnêteté in the next few years, one thing is certain: online gambling is here to stay. Players desire – and deserve – quick, simple and secure techniques of spending their leisure funds that don’t require those to jump through hoops or act outside the law.
The sooner Government and industry can easily facilitate this, the better for any concerned.