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Visa About to Step Up

Visa card holders who have long been able to use their credit cards to process transactions with the online casinos may now no longer have that opportunity. Mastercard has already set a precedence of blocking these banned transactions in the US. The fact that the first effort was largely ineffective at actually blocking the gambling transactions was irrelevant because Mastercard has recoded the transactions with gambling companies and plans to re-implement the block that the US Federal government so keenly wants in place. Visa on the other hand is, and has been, widely accepted at the online casino sites serving US players and there is a growing concern about what will happen when this major credit card company begins to tow the line.

Right now, the online casino gambling that is happening in the US is a result of the lack of UIGEA compliance from the US banking industry. Banks and credit card companies have always continued to process transactions with the gaming sites because there were no strict enforcement regulations in place to dictate which online casinos and poker sites were a part of the US ban. Now, though, there are strong rumors in the industry that Visa is following Mastercard’s lead in this arena with plans to also stop processing these types of transactions.

With Visa following in the footsteps of Mastercard here, it doesn’t look particularly rosy for the US online casino gambling industry. There has still not been a cohesive set of enforcement regulations to dictate to the credit card companies and banks which transactions specifically ought to be blocked, but these companies fear fines and punishment from the Federal government and are prematurely setting the blocks as a protective measure.