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American Express, also known under the abbreviation Amex is one of the biggest financial transaction platform in the US, covering a total volume of 24%. It’s also considered as one the most admired brands in the world. Amex’s estimated value sits at roughly $15b. It has a long history, it’s been in operation for more than 150 years. A company with this kind of history, tradition and value guarantees top-notch products and services, safeguarded with state of the art security protocols.
As expected, the majority of online casino players who use Amex as a their payment method of choice for online gaming comes from the US. In 2006 the US online casino players suffered a severe blow after a Congressional decision that limited the access to online casinos. However, there still are quite a lot of online casinos that would gladly accept your Amex deposit even if you’re from the USA.
How Amex Works?
Amex offers a lot of products and services, but for the purpose of depositing and withdrawing at an online casino, your only concern is the credit card with the American Express logo. Once you sign up at an online casino and you access the cashier, the software will check your IP and it will let you know if that particular online casino accepts American Express as a viable payment method. Bear in mind, Amex partners only with licensed and secure online casino operators.
If you don’t already have an American Express card you can obtain one at your local bank. Of course, you will have to open a bank account in the aforementioned bank. Your bank account will be tied to your credit card. As long as you have disposable funds on your bank account you can deposit with your Amex at any online casino which is willing to accept it.
Safety and Security
Over the past few years the concern for the privacy and security of personal information has seen a lot of attention. American Express is one of the leaders in the industry, bringing the latest security protocols and procedures. In other words, your money, your personal information along with any other piece of information that might be of somebody’s interest is encrypted, stored, away from 3rd party’s eyes.
All businesses are charged with a flat 0.8% fee for every transaction, whereas customers are usually charged a fee of 2.5% of the total sum that’s been processed. If you want a special treatment, by having a special credit card you can obtain one at a price. For example, a platinum American Express will cost you $450 annually. However, it does come with its own benefits, that are available only to platinum card holders.