Mastercard Blocks Transactions with Online Gambling Links

06.02.2010, Mastercard will no longer be processing online gambling transactions according to the latest news on the web. According to various sources the action taken by Mastercard coincides with a Federal appeals court ruling recently upholding a contempt order for refusing to comply with a grand-jury subpoena levelled against two former online gambling payment processing companies. Mastercard will no longer be processing online gambling transactions according to the latest news on the web. According to various sources the action taken by Mastercard coincides with a Federal appeals court ruling recently upholding a contempt order for refusing to comply with a grand-jury subpoena levelled against two former online gambling payment processing companies.

The blocking of all deposits made by US citizens linked to poker sites and online casinos will be imposed, immediately as Mastercard starts to comply with the eventual Unlawful Internet Gambling Enforcement Act enforcement. In what seems like a never ending problem for the financial institutions Mastercard has attempted before to block online transactions but were thwarted by gaming sites who were able to remove the code identifying the transaction from their sites. Mastercard’s last attempt to block gambling transactions lasted about 2 months before gaming sites were able remove the code making them invisible again. Doylesroom, Bodog, Absolute Poker, UltimateBet, Cake Poker Network and Sportsbooks will be affected by this action by the credit card giant.

Visa continues to be widely used in the US at online poker and casino sites but it has been suggested they are working on similar plan to refuse transactions from online gambling sites or players. This will not be the end of punting in America or gambling on your favourite poker site. Alternatives to credit card deposits are still available at most gaming sites with Echecks, Ewalletexpress and Usemywallet some of the most popular. The use of electronic cheques is also gaining usage, they are deposited directly with the online poker site. These are quick, usually free from charges, and they can also be used to withdraw cash. Other options like Fedex checks or bank wires are also often used by players on the net. With America's Superbowl football game, coming soon this move by Mastercard will surely cost them millions of dollars in lost fees.

Über iGaming News:

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