Which websites accept American Express
American Express of for short Amex has been at the top of the credit card game for a while now with
seemingly the largest number of credit cards rolled out and this although is a great thing does not
hinder us from learning that they have barely made a mark in the online betting world and this can
be attributed to a number of reasons such as the legal framework surrounding the firm as well as in
the country from which it originates which is the US did not account for the possibility of its use
in the betting sector thus there are no policies in place to govern the sector.
There is however a
respite because of the many third party application software that Amex users can make use of in
order to carry out their gambling transactions. There have been reported incidences of blocked
transactions or even difficulty on using the service which has led to some advising betters to set
aside the use of American Express.
Here are some of the betting sites that have allowed the use of Amex :
- MoPlay
- Betfair
- Novibet
- Bethard
- Genting Bet
- STS bet
- 888 Sport
- Betway
- Bet 365
- Coral
- BetFred
- Betsafe
- Betsson
- Unibet
- Intertops
- BetRebels
- BetOnline
Challanges attributed to the use of American Express
You might wonder how come the world’s largest charge card provider has made such a small impact in
the online betting world. This is due to the laws in place in the US that prohibit the funding of
online gambling and due to the stringent nature of Amex Inc. there is a hawk eye look at any
suspicious transactions that may actually involve gambling which are immediately flagged and
cancelled an there might even be some repercussions for the client.
Another outstanding reason is the fact that the rates charged by American Express in order for
betting sites to use it as a method of payment popularly referred to as merchant fees is very high
compared to other forms in the sector such as Visa making the option unviable for gambling sites.
This is because the first and the core objective of any firm is profitability and the lack of it
thereof might result in losses for the firm.
This high rates force executives of betting sites to
shy away from incorporating the credit and charge card provider in its business.
Ways To Circumvent The System
But as you know where there is a will there is a way and this cannot be emphasized enough. There
are a number of loopholes that have been found by users some of which are the use of e-wallets such
as Skrill which are allowed b betting sites.
These third party applications are linked to AmEx after
which funds are transferred to them and later on to betting sites. The entire process is completely
legal whilst still ensuring that the transaction fees are still as compared to if they would have
directly used AmEx to fund their deposits.
Another loophole is the use of PaySafe which pretty much
works like e-wallets and the only challenge with using it is the fact that it does not allow
withdrawals unless through the bank transfers or wire transfers. Here are some of the sites that you
can use PaySafe with even after linking with your AmEx
- Betway
- William Hill
- Betfair
- Paddy Power
- 888Sport
- Mr.Green
- Race bets
- Ladbrokes
Another loophole is that if you are not in the US say you are in the UK you can then use your British AmEX card but it is still not guaranteed that transactions will go through as there us a 50/50 chance of it actually working.
Pros of AmEx
Due to the number of years that the firm has been in the industry means that their experience level is above par and thus they have very high limits when it comes to funds, no extra charges for online transactions, numerous and amazing rewards for its members such as first class lounge access in airports, transactions are seamless with no time in between which means that funds are instantly available to your betting service provider.
Cons of AmEx
The only drawback of American express is its unavailability in most betting platforms
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