Credit Card Payments are Safe

September 16, 2012

In today’s article we are going to look at the mean reasons why using a credit card, or even a debit card, is the safest, most secure way to fund an online casino account for online gambling purposes. Check out the list below.

You are dealing with a locally contactable company – Very few people use a credit card provider located outside of their own country. Other payment processors such as Skrill and Neteller may offer services in most countries around the world, but they are not located and easily contactable during office hours in every country. This means if something goes wrong, a local credit card company is easier to contact.

Credit card companies are heavily regulated and monitored – For the reasons above, a local credit card company is heavily regulated and constantly monitored buy your home countries government. There are certain laws, regulations and working practices they must follow to retain their credit license. This means that using a credit card, and in most cases a debit card, issued in your own country, places you under the umbrella of protection provided by your local laws.

Credit cards and debit cards must offer entirely secure and robust online payments – There are whole heaps of standards which credit card companies must meet before they are allowed to offer their online payment service. These are a legal requirement and ensure that every credit card company deploys a very safe online trading platform. This is of special importance for people who like to skip from one online casino to another as an online gambling habit. They might not fully trust every online casino operator, but they can trust their credit card company.

Credit cards allow charge backs – A charge back is a disputed transaction, which the credit card company returns the value of to your account. Be careful with this though, take advantage of this feature too frequently and you may find your credit and debit cards being withdrawn from you.

Credit cards and debit cards have spending limits – This might sound like the odd one out when comparing security features, but consider what would happen if somebody got hold of your credit card and starting spending? They can only spend up to the value of your credit limit. Although this does not make using a credit card safer per se, it does help to mitigate the financial damage that can be caused by problem transactions.

So there we have it, a few of the main reason why using a credit card or debit card is still the best way for people who enjoy online gambling to fund their online casino account.

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