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As
credit card
companies and banks make it harder for the online gaming
goers to
casino deposit,
Graham Newell, a payment connoisseur, reveals a determined
gaming industry 's quest to do away with using credit cards for
online transactions implementing other payment options that will
work. Last week a conference held by the Gaming World, Mr.
Newell enlightened the assembled E-gaming executives on the
extensive use of debit cards and smart cards that have already
found its way across Europe and the U.K. as Internet gaming
surges overseas. Along with debit cards and smart cards other
payment options were put on the table.
Wire transfers, checks and money orders are but a few suggested
at the conference.
Paypal, another online payment plan that works by permitting
e-mail cash transactions to go through in a secure and safe
environment, has already been taken as a method of payment by a
number of casinos. This is also precautionary in order to avoid
debts.
Nevada law protects casinos in retrieving their money, although
certain laws in some parts of the US are not enforced. According
to Anthony Cabot, a lawyer and an expert on Internet gambling
feels that that the on-line casino industry might feel the pinch
from credit card dealings in the near future. There are online
casino companies beyond US borders that are likely to be the
founding force behind the future of the on-line
gambling industry.
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