Recent survey and reports confirm that worldwide banks are following stringent measures and strict steps to protect their customers and also to reduce the internet frauds occurring at online casinos. Mastercard and VISA have stopped their customers to use their card at online credit card casino sites to make money transactions, especially in US. Similar steps are being followed in other countries like Sweden and Canada. Even European based online casinos are following suit and discouraging online credit card casino use. Many players are not able to fund their casino accounts when using credit cards.
However, not all banks are taking such strict measures. In Sweden for instance, one bank SwedBank is declining online money transactions if the player is not enrolled by VBV. Onlien gamblers here are advised to get enrolled in the VBV programme to carry on using their card at online credit card casino sites. The customer will need to register some details for processing and after getting approval by the bank, can then freely use his credit card to fund his or her casino accounts.
Many online casinos are seeing a sharp drop in their deposits due to these restrictions for online credit card casino accounts. Some quick solutions for the players are an e-wallet account or a prepaid online credit card. There are of course many alternative online payment methods being offered by the casino, so as to allow the players to go on playing online without any hassles and peace of mind. Many banks too offer prepaid online cards. And several companies allow the online gamblers to fund their casino accounts with a web-based card, for example VISA Electron. During these methods, the online money transfers are fast and secure. Moreover, the players need not shell out any of their credit card information or personal financial information.