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Out of Market for Safety

MasterCard has firmly pulled out of the payment processing side for US facing online casinos. The company previously attempted to block internet gambling transactions from processing through the credit card company, but the attempts failed. Managing monetary transactions on the sheer scale and magnitude that Visa and MasterCard are both forced to do makes the banning and blocking of a whole type of transaction actually pretty difficult. MasterCard previously tried to block the online casinos by coding the transactions with a certain blocked number – that was quickly worked around however and the gaming sites have long been able to still process their US gambling transactions through the major credit card companies.

MasterCard though has long been flirting with danger by allowing online casino gambling transactions to process through the credit card company. The US Department of Justice has really begun to seek out and prosecute all of the payment processing companies that are consciously operating within the US market – and MasterCard and Visa will not be exempted from prosecution if they continue to knowingly process and facilitate US gambling at offshore online casinos.

In light of all of the US Department of Justice activity in the past eight months, MasterCard announced that the credit card company was, once again, going to block and ban all transactions with questionable offshore online casinos and gaming sites that potentially fall under the US’ ambiguous title of “illegal internet gambling.” There are no clear rules laid out by the government on this front, so it is likely that any and all suspicious transactions related to internet gambling will be a part of the new MasterCard block.