- Dependable and knowledgeable
- Privacy guaranteed
- Immediate withdrawal and deposit options
- Bonus system for clients
- $4 levy to use prepaid card at ATM’s
- Not on hand to U.S. residents
In the past credits cards have always been the payment method of choice for players to set up their accounts at internet casinos. This all has changed in recent years since all banking transactions have been regulated by the U.S government, better known as the Patriot Act. Basically it states that all financial transactions that have to do with international exchange may be a front for money laundering and could potentially compromise national security. This is the main reason why credit card transactions have become so difficult to execute and some internet casinos don’t even accept them anymore.
The same applies for Bank wires, the minimum transaction that must be reported to the Internal Revenue Service (IRS) by a bank is now $5000 (reduced from $10,000). Customers must fill in questionnaires apparently so that the U.S government can gain more information about specific account activity in the event they decide to perform an audit. Many U.S clients consider this an invasion of privacy, understandably so.
The reason why e-wallet is such a lucrative banking alternative, simply because account activity through the e-wallet system is not monitored by any banking authority and it’s not transacted via the bank itself. It goes without saying why thousands of players from the U.S make use of the e-wallet deposit and withdrawal system to fund their accounts at internet casinos. PayPal was used at one stage; it was taken over by eBay resulting in all gaming transactions to be stopped immediately in the U.S. Neteller then became the e-wallet of choice, since the inception of the Unlawful Internet Gambling Enforcement Act (UIGEA), processors who conducted business with internet casinos and operated within the United States were investigated and asked to suspend their operations with immediate effect.
It tarnished Neteller’s reputation as the world’s premier independent cash transfer business, before long Neteller decided to exit the U.S market. Presently legislators who champion the legalization of internet gambling in the U.S are trying to overturn the UIGEA. Neteller still delivers sterling service to players residing outside the U.S.