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Online Banking for Casinos with Live Dealers
Another area of our planet experiencing difficulties is the world of money transfer. Soon after that disastrous day of 9/11 many people with great hindsight said "if money couldn't be transferred around the world so easily, the terrorists wouldn't have been able to put this whole thing together. Let's stop the international transfer of money." This decision had consequences for all online banking.
Online Banking as a Result of 9/11
And that's exactly what was done. As the investigation into 9/11 progressed, it became quite clear that the terrorists had moved huge amounts of money around the world to finance their dastardly plot. So the banks and the powers that be went to work and put a stop to money transfers. Immediately the online gambling and online commercial sites hit problems. How could they operate if banks refused to transfer money? In no time at all, money transfer systems were set up to make things easier. Limits were on the amounts that could be transferred and other safeguards were put in place to make everything safe and secure and keep the terrorists out.
Everything worked smoothly for a while. The money transfer systems flourished and grew and new ones kept appearing. The largest, PayPal, was bought by eBay who wanted to make things easier for their customers who buy and sell on online auctions. Various other systems were developed by other entities.
The Anti-Gambling Bill and Online Casinos
Then a short uppercut delivered while no one was watching and changed everything again. A senator in the US tacked an anti-gambling bill onto the end of the US Ports Security Bill and it sailed through the congress. The president signed it and the UIGEA, The Unlawful Internet Gambling Enforcement Act, was born. The new law prevents the transfer of funds for gambling purposes so it is the banks that are in charge of this operation. After the banks come all the money transfer systems. They are in business for online gambling and online purchasing reasons.
Online gambling took a hit and so did the transfer systems. Many of the online casinos which were based in the US quickly moved their operations offshore to Antigua, Gibraltar, Canada and other locations and a few just closed up. The money transfer systems had no place to go. Some of them closed up, others merged with larger companies and the money transfer systems business consolidated.
Online Payment Methods Today
What's left today are those money transfer businesses that survived the upheavals and dug themselves in by providing solid reliable service and looking after their customers through thick and thin. These are the ones that online gamblers should be using to look after their money today. There are many today and many different businesses are using alterative money transfer systems. The oldest in the business is Western Union who has been transferring money forever. There is Ukash which does not transfer money but is based on the user buying and selling vouchers. Some of the larger systems are Neteller, EcoCard, Click2Pay, InstaDebit, ClickandBuy, Citadel, Western Union, ACH, Central Coin, 900Pay, Moneybookers, iDeal, Visa and Mastercard. These are all reliable online banking options for gambling with real money in online casinos with live dealers.
Some of these systems are limited to geographical areas or countries, and some have other limitations, but they all work well and reportedly have no problems. Before deciding on a system to use, we recommend that you do a little homework. Check out the websites of these businesses and try and ascertain if they are reliable. Check their history, track records, ownership, etc. These businesses are careful to stay within the law and if there is any doubt about a new customer they will say no to your application to open an account.
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