American Express, also known as Amex, is a large credit card company that dates back to 1850. American Express accounts for nearly a quarter of all credit card transactions in the United States and thus acts as the single largest credit card company in the world. Not surprisingly, there is no shortage of Amex casinos ready for your business.
The nice thing about depositing with Amex at an online gambling site is that transactions are processed surprisingly quickly. As soon as you hit the “submit” button on the deposit screen, your player account is loaded and ready to go. Real money gambling online doesn’t get any easier than this.
Most Amex casinos accept deposits from players all around the world. Whether you live in the United States, the UK or Europe, your money is good. Not all gambling sites can be considered American Express casinos though, because not all gambling sites accept this deposit method.
Advantages of Amex
The best thing about playing at an Amex casino is how easy it is to get started. If you’ve ever purchased anything from an online vendor (Amazon or EBay for example), you are well-prepared to deposit with your American Express card. The only thing you need to do is download the casino software, create an account and visit the cashier.
American Express casinos eliminate the hassle that comes with using deposit methods that require a middle account. For example, Neteller deposits require you to create an account with Neteller before you can play online. With an American Express card, all you have to do is log in to your casino account, type in your credit card number and hit the submit button.
Disadvantages
There is only one disadvantage that I can think of when it comes to using American Express as a payment method. Most American express cards are credit cards and that means you will be gambling on credit. I highly recommend that you only deposit with your Amex card if you have cash to back up that deposit. The last thing you want to do is gamble online and then have a new monthly balance to pay off.
Actually, there is another disadvantage that comes to mind. Some players from the United States are unable to deposit with working American Express cards. The problem is that some issuing banks do not process transactions to online gambling sites. In that case, you will have to choose a different deposit method to fund your account.
Prepaid Cards
People usually associate Amex with credit cards, but the company also issues reloadable prepaid cards. If you have a prepaid American Express card, you can use that card to fund your casino account. I personally prefer this option because it doesn’t let you get in over your head gambling on credit.
Prepaid Amex cards also give you the advantage of keeping your banking info away from the gambling site of your choice. Instead of sending your personal banking info to the online casino, all you give them is the number on your prepaid Amex gift card. If someone was to somehow get your card information, the most damage they could do is spend whatever it was pre-loaded with.