A Concise Guide To Using American Express At Online Casinos

By:

Posted: May 23, 2023

Updated: May 23, 2023

Without a doubt, both Visa and MasterCard are the two most popular methods of funding online casino accounts. However, there's another credit card, which, although less well-know, is just as useful. In fact, it's even more secure. American Express, or Amex, is a more difficult card to obtain. As such it has higher limits and more options when it comes to online casinos.

Without a doubt, both Visa and MasterCard are the two most popular methods of funding online casino accounts. However, there’s another credit card, which, although less well-know, is just as useful. In fact, it’s even more secure. American Express, or Amex, is a more difficult card to obtain. As such it has higher limits and more options when it comes to online casinos.

bet365 Casino Welcome Bonus

Bet £10 & Get £30 in Free Bets

Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.

American Express For Online Casino Gambling

American Express, commonly known as Amex, is a renowned multinational banking corporation recognized for its extensive card services and traveler’s cheques. In line with other leading financial institutions, Amex provides online payment options as part of its diverse range of services, allowing customers to utilize their renowned cards for purchasing goods and services on numerous websites.

What sets American Express apart is its ability to cater to various individual needs through its diverse array of plans. The company offers an extensive selection of credit cards, each accompanied by its own unique advantages. According to online gaming news, these benefits encompass welcome bonuses, reward point systems, cashback opportunities, exclusive discounts at restaurants and other establishments, as well as travel perks like airline miles, flight and accommodation packages, and even transportation services through Uber.

Different Types Of Amex Cards

Among the assortment of credit cards offered by American Express, some of the most sought-after options include:

American Express Gold
The Platinum Card
Delta SkyMiles Gold Card
Blue Cash Everyday Card

American Express, widely known as Amex, is a well-established multinational banking corporation renowned for its card services and traveler’s cheques. Similar to other prominent financial institutions, Amex offers online payment capabilities as part of its comprehensive range of services, enabling customers to utilize their esteemed cards for purchasing goods and services on various websites.

American Express
Picture Source: Flickr

Additionally, a diverse selection of online casinos accepts Amex as a payment method. This article provides valuable insights into the advantages and disadvantages of using Amex’s service, guidance on finding the ideal Amex casino for individual preferences, instructions on utilizing the card within the chosen casino, and details about bonuses offered by Amex casinos.

Amex is one of the most recognized financial brands in the world. It boasts millions of customers and offices on every continent. But the company didn’t actually start off in the finance industry.

History Of American Express

In 1850, three American entrepreneurs, namely Fargo, Wells, and Butterfield, merged their respective businesses to establish a pioneering express mail company, giving birth to American Express. Initially monopolizing the express mail industry, they expanded their operations into financial services seven years later by introducing a money order business. These money orders served as a precursor to modern prepaid cards, enabling customers to make secure payments.

American Express made significant strides on the global stage in the early 20th century with the introduction of their revolutionary traveler’s cheques. These innovative cheques facilitated cash withdrawals for Americans traveling abroad and even found utility among military personnel during World War I.

During the 1950s, American Express achieved another milestone by becoming the first major issuer to introduce plastic cards, an early precursor to today’s credit cards. These cards revolutionized consumer purchasing by allowing individuals to make credit-based transactions, with the balance to be repaid along with interest.

American Express
Picture Source: Flickr

Embracing the digital era, American Express established ExpressNet in 1995, an early iteration of today’s online platform. Cardholders gained the convenience of accessing their accounts online, making electronic bill payments, and even enrolling in exclusive rewards programs. Today, American Express enjoys a vast user base spanning the globe, with millions of active credit cards in circulation. As one of the leading card issuers, the company is poised to maintain its prominent position well into the future.

Pros And Cons Of American Express

Amex’s position as a leading supplier is underscored by its exceptional security measures. The company employs advanced software and takes extensive measures to safeguard its users, incorporating authentication checks and encryption for online transactions.

Amex stands out as a widely available payment method for online purchases, surpassing most other credit providers in this regard. Users can use their Amex card to make a wide range of purchases, and it is convenient to withdraw cash while abroad. Additionally, Amex offers a rewarding system that allows customers to benefit from discounts on shopping and travel through a points-based program.

The Dangers Of Credit Cards At Online Casinos

However, the ease of use provided by Amex may not always be advantageous. Credit cards, by their very nature, can create a false sense of security. They allow users to access goods or services upfront and defer payment. Spending electronic money is significantly different from using cash, as it becomes easy to lose track of expenses and accrue interest charges. Therefore, users should exercise caution, particularly when using credit cards like Amex for online transactions, especially when engaging in responsible gambling.

Due to these concerns, several national governments have prohibited the use of credit cards on gambling platforms, including online casinos. As a result, American and British users, for example, may encounter difficulties when attempting to make casino deposits using Amex.

bet365 Casino Welcome Bonus

Bet £10 & Get £30 in Free Bets

Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.

How Does American Express Work At Online Casinos?

While American Express casinos may not be very common, they can be found with some effort or by sticking to recommended casinos. The advantage of this is that American Express is not associated with any disreputable casinos, so joining any AMEX casino can be considered trustworthy. Once you have chosen your American Express casino, here are a few simple steps to make a deposit.

Making An Amex Casino Deposit

Step 1:
Go to the cashier section of the online casino. Then select American Express as your payment method.

Step 2:
Decide on the amount of money to transfer for your deposit.

Step 3:
Enter your credit card details. These should include the credit card number, expiration date, CVC number, and name. It is important to note that only personal American Express cards can be used for your casino account.

Step 4:
Confirm the payment, and you can now enjoy playing your favorite casino games.

Withdrawing Your Funds With Amex

Withdrawing funds from an American Express card at casinos follows a similar process as any other credit card. Though in truth, it can be more complex in some cases. The ability to withdraw funds depends on the specific Amex casino you are using, so it is important to check their policies before signing up if this is important to you.

American Express
Picture Source: FreeSVG

For casinos that do allow withdrawals, there may be additional charges involved. Also, it may take several days for the funds to be credited to your account. If Amex withdrawals are not possible at your chosen casino, you will need to use an alternative payment method to access your funds.

Please note that withdrawing funds using American Express may not be possible at certain online casinos like Bet365 Casino due to gambling and anti-money laundering regulations. If you encounter this issue, there are several other payment methods available for withdrawals.

How To Make A Withdrawal

If your selected American Express casino permits withdrawals, here are three steps to initiate the process:

Step 1:
Go to the cashier section of the online casino and select American Express as your withdrawal method.

Step 2:
Enter the amount of cash you wish to withdraw.

Step 3:
Provide your credit card details. Once again, these should include the credit card number, expiration date, CVC number, and name. Remember that you can only use your personal American Express card for withdrawals.

Step 4:
Confirm the withdrawal request. Your funds will be credited to your account within 3 to 5 business days.

The steps mentioned above assume that you have already completed the account verification process with your chosen casino. If you haven’t, then you’ll need to go through the verification process before being able to withdraw your funds. Important note: As a credit card, Amex allows larger deposits compared to many other providers if the user has sufficient funds available in their credit facility. However, just because the card permits a large deposit, it does not necessarily mean it is wise to do so. Our responsible gambling guide offers helpful tools, such as setting deposit limits, to assist with responsible gambling practices.

bet365 Casino Welcome Bonus

Bet £10 & Get £30 in Free Bets

Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.

Finding The Best American Express Casino 

With a wide range of Amex casinos available for online play, it is helpful to know how to identify trustworthy ones. This page will assist you in doing so by utilizing Gamingzion’s review and ratings system. You can also utilize the filters provided here to refine your selection. For instance, you can find information on other payment platforms like PayPal and Skrill which have been put together by our team of experts.

Discovering Amex Casino Bonuses

Casino bonuses are an excellent way to enhance your experience at your chosen Amex casino and receive additional benefits. Using our system, you can find both online casino deposit bonuses and no-deposit bonuses.

By selecting ‘Amex’ in the payment method filter on our list of casino bonuses, you will gain access to the comprehensive list of bonuses offered by Amex casinos. You can further narrow down the options by utilizing additional filters. For example, choosing ‘No Deposit Bonus’ from the list will display all the available no-deposit bonuses at online casinos. Alternatively, you can directly visit our list of no-deposit bonuses and select ‘Amex’ as the preferred payment method there.

Comparison: American Express vs. Other Card Providers

American Express, despite having only about 19% market share in the payment network industry, is widely regarded as the gold standard for credit cards. It has earned a reputation as one of the best credit cards globally, offering superior protection, benefits, and access.

American Express
Picture Source: Pixabay

One distinguishing aspect of American Express is that it serves both as a payment provider and a card issuer. As a payment provider, they offer a network where other financial institutions can use their own AMEX cards. As a card issuer, they run their own credit card company. By signing up for an AMEX card directly through American Express, you can simplify your experience since you are dealing with just one entity instead of both a card network and an issuer.

American Express offers a wide range of cards. These include the Blue Cash Preferred Card, the Gold Card, or the Platinum Card. Each card provides unique benefits, such as earning 6% cashback on streaming services, 4x points at supermarkets, or access to over 1,400 airport lounges. Most AMEX cards come with an annual fee that varies between $200 and $700. However, AMEX is particularly advantageous for casual gamblers due to its strong fraud protection measures and additional bonus incentives. Now, let’s compare how AMEX stacks up against other popular card providers for making online casino deposits and withdrawals.

Comparison: Mastercard vs. AMEX

Mastercard, with over 200 million cards in circulation in the US in 2020, boasts a significantly larger user base than AMEX. In contrast, AMEX is often perceived as an exclusive card type, requiring applicants to have a minimum credit score of 700. Consequently, although AMEX has fewer cards in circulation, its users tend to make larger purchases. AMEX cards are accepted in 160+ countries, while Mastercard is accepted in 210+ countries.

The main distinction between Mastercard and AMEX lies in their roles. Mastercard operates solely as a card network, supplying cards to various banks and credit unions. On the other hand, AMEX functions as both a card network and a card issuer. This means that you can have an AMEX card issued directly by American Express, while Mastercard solely facilitates card transactions for partner financial institutions.

bet365 Casino Welcome Bonus

Bet £10 & Get £30 in Free Bets

Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.

When it comes to transaction fees, American Express cards typically carry an average fee of 2.3% at many online retailers. This includes online casinos. In comparison, Mastercard’s transaction fee is slightly lower, averaging around 2.26%. Also, it’s accepted at many more online casinos in the UK like Bet365 Casino, making MasterCard the go-to choice for the vast majority of online gamblers.

Comparison: Visa vs. AMEX

Visa, holding a dominant 52.9% market share, is the largest payment network in America. While the number of merchants accepting Visa and AMEX in the United States is similar, Visa surpasses AMEX in global acceptance, with over 70 million merchants across 200+ countries.

Similar to Mastercard, Visa functions solely as a payment network and does not issue cards directly. In contrast, AMEX holds an advantage over Visa as it operates as both a card issuer and a payment network. One contributing factor to Visa’s larger card circulation is its network partnerships with numerous banks, while AMEX is more selective. Visa card requirements vary depending on the issuing bank, offering more leniency compared to AMEX’s stricter credit score criteria.

Visa’s transaction fees typically average around 2%, whereas American Express charges between 2.3% and 3%. However, in the context of online casinos, deposits made with Visa, Mastercard, and AMEX tend to have similar fees.

Click here to try the best odds at bet365 Casino

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x