There was a time when it was quite easy to gamble at online casinos using your debit or credit card to make transactions, but not so anymore since the US Congress passed the Unlawful Internet Gambling Enforcement Act in 2006. Now with this new law in the making most 토토사이트 banking institutions are declining their customers request to do any type of credit or debit card transactions pertaining to online gambling casino websites. It does not matter how much money is in your account, the banks are just refusing to carry out this type of transaction, even though this law has not yet been finalized.
Many of the major credit card companies do not accept transactions for online casino gambling purposes, however, there are a few exceptions to the rule, in other words there are some credit card companies that will accept these online gambling transactions, but because they usually treat these transactions as a sort of “cash advancement” be prepared to get charged a very high interest rate on you bill payment statement. For this reason more and more online gamblers and online casinos are shying away from using Credit and Debit Card payments to perform their online gambling transactions, instead they are opting for online processor services, which have become very popular in the online gambling community.
With the introduction of this new Act on Internet Gambling more and more online based processor websites are popping up on the internet as these wise people realized the need for such a service since the new law on Unlawful Internet Gambling Enforcement Act was announced in 2006. Today there are many different options for conducting deposit and payment transactions at online casinos. Some of the popular online companies offering these online processor services are; Bank Wire/E-wallet, Pre-Paid ATM, NETteller, Citadel, Fire Pay, Eco Card and Click2Pay and even though these are all web based companies and therefore available to everyone who has access to the internet, if you happen to live in the usa, depending on which online casino you happen to log onto, you may or may not be able to sign up for these services.
Whatever the outcome of the Unlawful Internet Gambling Act, and despite the banks refusal to carry out Credit Cards/Debit Cards transactions relating to online gambling, it is in the interest of the online casino websites as well as the online gambling community to find a way to work around these obstacles and ensure that online gambling will be around for a very long time to come. The U. K. introduced sweeping changes to its internet gambling laws with the passage of the Gambling Act of 2005. The stated purposes of the act were very noble: to prevent gambling from being a source of crime and disorder; to ensure gambling would be conducted in a fair and open manner; and to protect children from being harmed by enforcing the legal gambling age of 18 years. In practice, of course, the act led to a surge in on site operators moving to the country and a corresponding increase in tax revenues as a result.
In the U. S., the situation is much different. Gambling is legal under Federal law but prohibited in many states, with some local exceptions. Legal gambling states include Nevada and New jersey, although many states have passed laws that legalize gambling in certain municipalities as well as on Native American lands. Internet gambling laws, on the other hand, have effectively prohibited operators from doing business within the states.
In 2006 Congress approved an act that dramatically affected the internet gambling laws and effectively proclaimed the industry illegal. That act threw the industry into turmoil, and drove virtually all of the U. S. based operations out of the country. Sites operated out of the U. K. and the Bahamas now garner a majority of this profitable business. But numerous faults in the 2006 legislation and the feeling that Congress has more important things to worry about have now pushed the country to the brink of legalizing the industry.
If the U. S. is to proceed with the legalization of gambling over the internet, congress must first do away with its awkward attempt at making it illegal under the 2006 Unlawful Internet Gambling Enforcement Act (more easily referred to as UIGEA). The purpose of that act was fairly simple: make it illegal for banks, credit card companies, and other payment processors to transfer funds from gamblers to online casinos and from those online casinos back to the gamblers.
You must understand, however, that the preference of lawmakers has always been to prohibit online gambling. But concerns about the constitutionality of such a prohibition as well as the mind boggling problems associated with enforcing the ban have consistently killed any possible actions along those lines. So Congress chose instead to try to attack the problem by preventing the flow of capital between the gamblers and the casinos under the UIGEA.
Now, thanks in no small part to the national financial meltdown, Congress is poised to reverse its approach to internet gambling laws and scrub the problem-plagued UIGEA. Under a couple of proposed House bills including one sponsored by Barney Franks and Ron Paul, Congress now appears poised to legalize and regulate the industry.