American Express may be a popular credit card band, but it is not accepted as a direct deposit method by most betting sites. The Amex company just isn’t too keen on being associated with online gambling. I suspect this is partially due to the fact that American Express is an American company and takes a very conservative approach to complying with the gaming laws in its home country.
The good news is that you don’t have to give up entirely on using Amex to fund your betting account. If you read on, I’ll share with you the easiest way to bet online with Amex at any internet sportsbook, casino or poker site. Let’s start with a list of betting sites that do accept American Express and then follow that up with the solution to any problems you may have had using Amex in the past.
If Your Favourite Betting Sites Does Not Accept Amex
There are still a decent number of big name betting sites that do not accept direct American Express deposits. This does not mean you’re out of luck; all it means is you need to take add one more small step to the deposit process. Instead of depositing directly, you’ll need to sign up for an account at one of the big e-wallets such as Neteller, Skrill or PayPal.
E-wallets can be funded by a variety of methods, and American Express is always an option. So what you do is sign up for one of those e-wallets and then fund it with your Amex card. Now go to your preferred betting site and choose your e-wallet as your deposit method. This is a bit of a roundabout way to deposit with Amex, but it’s still fairly fast. It only takes a few minutes to sign up for an e-wallet and complete the transaction.
A side benefit of having an e-wallet account is that you will find it much faster and easier to receive withdrawals. Even the best betting sites have trouble crediting deposits back to credit cards. An e-wallet account will make it easier to get your money when you’re done wagering.
If It Does
None of my favourite betting sites accept American Express but I do know there are a few that do. If you go to make a deposit and see the Amex logo, consider yourself lucky. Making a deposit at such a site is as easy as typing in your card number, expiration date and amount to deposit.
Credit card transactions are processed instantly 99.9% of the time and you’ll be able to play for real money that same day. There should be no fee but that can vary based on the operator. American Express charges merchants a percentage based fee for accepting transactions, and some operators pass that charge on to their players.
There is no guarantee that your deposit will be approved just because you see the American Express logo on your betting site’s deposit page. Being the conservative company that it is, Amex is even more vigilant than Visa and MasterCard when it comes to approving every transaction.
Don’t be surprised if you try to deposit and see the dreaded “transaction declined” message. This is just par for the course in online gambling today. Normally my advice in this situation would be to try a different betting site, but there aren’t many sites that even accept Amex in the first place. Your best option in this case is to try your deposit with a different card or simply sign up for one of the e-wallets mentioned above.
Why was my transaction declined?
This happens all the time. It’s not because you’re out of money or because American Express doesn’t like you. They simply have a general “no online gambling” policy that they don’t appear to be changing any time. If the approval system believes your deposit is bound for a betting site, it will block it by default.
Even though competing card companies are now at least allowing transactions in regulated markets (such as the UK), American Express still hasn’t gotten on board. Plus, Amex is heavily involved in business transactions and views online gambling as a high risk transaction for cards that are supposed to be used for business purposes.