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Gaming Laws

Click2Pay Online Casino Payment Method

There are various methods of making payments to online casinos but one method that is fast growing in popularity is the German-based Click2Pay. One of the most attractive features of Click2Pay, and the one that no doubt has contributed to its popularity, is that you don’t have to make a deposit with the company first. With most online payment schemes you have to deposit money with the e-wallet company you are using before you can spend on the Internet. With Click2Pay you can set up an account and then make a deposit directly from your bank or credit card straight into a casino. A few clicks of the mouse and you are ready to play and no hanging around waiting for the funds to go through.

Depending on which method you use to finance your Click2Pay account your funds become available over different periods of time. For instance, if you use ACH or direct debit on a registered bank account your funds are instantly available and the transaction is free. Using a credit card incurs a 3% processing charge but the funds will also be available instantly. The slowest method is using a bank account to transfer cash and that can take up to three business days although it is also free. On the other hand, you can make a withdrawal anytime you want and the money is deposited into your bank account.

Deposits can be made using Visa, Mastercard, JCB, Regional Debit Cards (China), Bank Deposits (to local bank accounts in USA, Canada, UK, Austria, Direct debits (USA, Germany, Austria, Switzerland), Netherlands, France, Greece, Finland, Hungary, Italy, Japan, Poland, Norway, Turkey), as well as International Bank wires.

However, gamblers should take note that since the beginning of 2007 Click2Pay is no longer allowing US players to make casino deposits or withdrawals. The move came following changes in US gaming laws that cover online casinos. Mind you, most e-wallet companies have been forced to take the same position so it is not to be taken as a mark against the Click2Pay.

The Click2Pay software enables you to track all of your transactions and you can work with a variety of currencies such as pounds sterling, euros, or dollars. All your Click2Pay transactions, payment history and account balance can be viewed and managed online. All information is secured using the highest standards of encryption technology that makes Click2Pay an extremely reliable and well-protected payment system.

The transactions themselves are highly secure and all personal information including your bank or credit card details stay with Click2Pay and are not passed on to the casino. Another good reason to use this kind of method when gambling online! Your funds are available to you wherever you have an Internet connection and that means you can visit an online casino just as easily. Click2Pay is no established as a convenient and reliable way to fund your online gambling and it is well worth a try if you are looking for an e-wallet.

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The UIGEA And What It’s All About

Everyone’s heard about the new gaming laws in the United States by now. In fact, most of the online casinos present on the web today do not allow US players, with the exception of a few select sites.

I for one never expected the UIGEA and I am sure that a very few Americans even saw it coming or else there would have been protests and insurrections galore. However, this bill passed surreptitiously under the noses of many American citizens that none of them were aware of it until the full effect of the bill hit them.

Till today there are many players who are unaware of what the UIGEA is and what conditions it entails and the effects it has had on the gaming industry.

The UIGEA or the Unlawful Internet Gambling Enforcement Act was passed on Friday the thirteenth of October, 2006 which was indeed to be an ominous day for many. It was signed by President Bush together with the SAFE Port Act and hence passed uncontested.

The Unlawful Internet Gambling Enforcement Act has not made poker playing illegal and gamers have not been categorized as criminals, (well, not yet anyway). So you need not worry if some one will arrest you if you play poker with a few buddies on a Saturday evening or if you play for fun on the internet. It is when you try real gaming in the hopes of making some money that you begin to see the UIGEA in action.

This is because according to the UIGEA, U.S banks and credit card companies are not allowed to transfer funds to Internet-based casinos located offshore. This puts a big limit on the online payment companies in transacting with American gamers. American players now find themselves banned from various online casinos beginning with the largest poker site in existence: Party Poker.

In addition to this there is also a 5 year imprisonment period or penalty fines for any “person engaged in the business of betting or wagering” who deliberately transacts financially in the purpose of “unlawful Internet gambling”.

As a result of the UIGEA, the American gaming market saw the withdrawal of several important web casino industries. Party Poker which is the largest existing poker room on the internet, as well as one of the most popular sportsbooks, was the first to yield to pressure from congress and leave the market.

Soon after this many financial payment processing companies that served as an intermediary and transferred funds to these online companies withdrew their services to American gamers. Neteller, a company of the London AIM Exchange, which is one of the biggest online payment agencies having more than 2.3 million customers and about 1,700 online merchants, soon exited the American market when the US Department of Justice brought about criminal accusations against its founders.

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