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Credit Cards Blocking Online Casinos

The United States is about to get a whole lot more serious about blocking and banning transactions between US gamblers and foreign offshore online casinos with the news that Mastercard will now block transactions from internet gambling companies. The primary reason that the 2006 UIGEA has not worked yet is because there have been no enforcement policies in place to stop the US gamblers from using their US bank accounts to fund their player accounts at US facing online casino sites. There are many sites that are willing to still accept players despite the possible repercussions and Visa and Mastercard have been central to making this still possible.

Mastercard, though, is looking toward the future of the US online casino gambling industry, and right now it does not look wholly positive. The US Federal government is really beginning to make the internet gambling industry a frontline issue and with and the US financial services companies have a keen reason now to either adhere to the blocks on online casinos and internet poker or face some serious fines.

To that end, Mastercard is the first of the major processing companies to announce that the blocks are coming and that they will be implemented immediately for US credit card holders. Online casinos and poker are the main focus for Mastercard and the company has already invested the time and money that it takes to recode transactions with internet gambling companies and block out those transactions specifically. This is the same type of block that Mastercard previously attempted to implement, but it didn’t work quite so well and the major US internet casino sites were still able to work with US gamblers.