American Express is a mode of money transaction that comes with banking and financial services. This institution was established back in 1850 in the city of New York located in the United States. This makes it among the longest standing money transfer agencies in the world. Also popularly known as AMEX, this company provides its services on six continents except for Antarctica. The American Express card is known to be used for millions of transactions per year, accounting for the movement of well over thirty-two billion dollars annually. With such high numbers under its wing, it is no surprise that the company accounts for about twenty-three percent of the total volume of the dollar in the United States. The agency’s well-established network has enabled it to earn a place in the top thirty most valuable institutions list across the globe. For example Grosvenor casino classic slots.
When AMEX payment method started, it was nothing more than a mail delivery establishment. It operated in the movement of money and goods through mails until the early 1900s. During this time, it established itself as a full-on financial system, amassing more than twenty-eight million dollars. This brought it to the second-largest bank spot in New York where it had moved its headquarters, with first-place being the National City Bank of New York. The company saw numerous changes in headquarters due to the rapid growth it was recording. Today, the company has its base in the Three World Financial Center in New York.
Registering to use this service can easily be done by contacting the company’s offices and have them print a card for you. Access to the use of the service online can only be done once the user has had a card printed out. This is because the online portal requires the entry of the four-digit number provided at the top of one’s card as well as the fifteen-digit one found at the front centre. Once these codes have been produced, one will be requested to provide some personal information such as name, email, date of birth, and area of residence. An email will be sent to the address provided where one will have to verify their identity. Completing all these will allow one to use their ExpressCard to make UK casino and other business transactions that are compatible with the method.
Like any other money transaction establishment as big as AMEX, this cashier method comes with a variety of options to suit different users’ needs. When using its services, one has four products to choose from:
This option functions the same way as a credit card. Therefore, the user can use the card to purchase goods through the company that has issued the card (AMEX in this case), which will be paid within a specific period as stated by the agreement between the cardholder and issuer. However, unlike credit cards, charge cards do not come with a limit on how much can be spent. Additionally, the user does not have to pay the debt in full every month. All they have to do is ensure that the minimum limit is paid, and the remaining balance can be paid over a longer period.
This type of American Express Card features the same functionality as the charge card. The gambler can use this card to make a casino deposit of choice without necessarily having any funds in their bank account. The gambler will then be indebted to AMEX. There is a minimum payment that has to be paid per month, while the overdue can be paid overtime. This card comes with a limit on how much can be spent.
This mode of payment is made in the form of paper that is used to substitute cash. These forms are printed by AMEX and can come with a pre-stated worth. Therefore, all one has to do is sign to make the payment.
This is the corporate part of the institution where the bank operates. Using this method, the gambler can make bank wire transfers to the gambling site of their choice without the use of intermediaries.
American Express has established itself as a worldwide platform for money transfer, servicing over two hundred countries on six continents. However, it has not provided much influence in the online gaming industry. This has made the cashier option a hard one to come by in online UK casinos. However, some of the top-rated real money casinos have included the option in their list of payment methods.
Even with a small number of casinos accepting this payment mode, it has been known to record-high ratings from clients who opt for it. The method can be used for both American Express casino deposits and payouts, which has been facilitated by the fact that it is a banking institution on its own. However, the purpose it serves will depend on the casino of choice. Therefore, gamers are advised to check how the casino uses it. American Express deposits are processed immediately and reflect in the player’s casino account within seconds. American Express withdrawals, on the other hand, may take a couple of days before the payouts can reflect in the player’s account. The pending time provided by a casino will influence the time the withdrawal is processed.
American Express has its good sides and bad sides, and we review some of them below.
American Express may have a shortlist of gambling destinations that engage their services, but they review the best casinos to ensure that their users are kept safe from fraudulent activities. Therefore, gamers can trust that all the casinos providing AMEX as a payment option has built prolific names for themselves. Most of these gaming sites hold licenses from some of the best licensing bodies in the online gaming industry. Additionally, they come with a wide array of casino games including slots, blackjack, and roulette variations produced by some of the most prestigious online gaming software developers.
The provision of high security is crucial to the protection of clients’ personal and financial information on the wide web. AMEX has achieved this with the use of a one hundred and twenty-eight-bit encryption system that prevents the conversion of crucial data into readable form.
The mobile platform has changed how most people live their day to day lives due to its portability and easy availability. Therefore, most businesses, including American Express, have made the point to ensure that their services are available on mobile. AMEX comes with a mobile compatible app that is supported on popular operating systems such as Windows, Android, and iOS. This provision has made it easier for gamblers to indulge in real-time gaming from the comfort of their devices while on the go.
AMEX is quite famous for its provision of bonuses when gamers make their first deposit to a casino using their services. The bonus offer is not definite and changes from time to time. However, one can be sure that it is offered in the form of a match promotion, and is mostly accompanied by free spins. The bonus is exclusive to gamblers who indulge in real money games.
AMEX has the independence of selecting the limits on the deposits made to a casino. The limit the institution sets is quite high in comparison to most eWallet methods.
Some of the cons that come with using this cashier option include:
Even though it has gained a reputation as among the best payment methods to use on the online platform, it is still quite hard to run into American Express casinos. This limitation is as a result of the strict laws implemented in its mother country, The United States.
The use of the online platform requires the gambler to register with the bank offline. This may prove difficult for residents who do not have access to the institution’s offices. This is unlike other payment methods that separate the registration of online and offline services.
The placement of a signature on a cheque by the user makes it an irreversible payment. Although this is good in most cases, it can be quite inconvenient in the case that the cheque is stolen or gets lost. Bankruptcy is the only occurrence that can interfere with the transaction made using a cheque.