Making a payment with AMEX
Making a payment with AMEX for an online casino in Canada is a straightforward, safe and rapid process. The transaction should take a matter of minutes and leading operators will ensure that it is secure even from mobile devices.
Once you have registered for your favoured operator and have your AMEX card to hand, simply log into your account and find the cashier option. When faced with the list of deposit methods, select American Express, then enter the details requested, which will include name, address, card number and CVC number. Once this is completed, enter the amount you wish to deposit. An online casino American Express deposit in Canada will likely have a minimum value, probably $10 or $20.
As with any credit card online casino Canada, funds will be made available to your account immediately, which will allow you to enjoy the games of your choice within seconds of completing your deposit.
Average time of AMEX for deposits and payouts
AMEX casino deposits in Canada are, as detailed above, completed in a matter of minutes, but that is not typically the case when withdrawing your winnings. However, the process is just as straightforward and should prove equally as stress-free.
Different casinos will offer different guarantees with regards funds being paid into any account, which is due to various banking processes that they may employ. As a minimum, funds from most sites will take a day to reach your account, but it can take up to five business days for money to show in an account.
While some advertise a same-day pay-out time, generally, however, it is longer. This is due to security measures employed by banks that are designed to prevent fraudulent payments being completed.
Most casinos will be upfront regarding the processing time, allowing the user to better gauge when their payments will be made. Typically, this period is advertised between one and three days, though it could be up to five days.
This is a similar time to other providers, such as when using a Visa online casino Canada.
Patrons should check the terms and conditions of their operator to be aware how long to expect this should take.
AMEX verification requirements
One of the best features about using AMEX for an online casino in Canada is the security level that it affords the user.
When making an AMEX casino deposit in Canada, SafeKey is used to verify the card holder’s details. Anti-fraud technology checks transactions and from time to time will send a notification to a user’s phone when a deposit is made with a code that must be entered to clear the funds. Once this is done, money appears in the account.
Users can add casinos to their personalised Express List in order to save time whenever they wish to deposit funds to their favourite accounts.
The history of AMEX
American Express, also known as AMEX, was founded in 1850 and has grown to become one of the largest and most reputable banking and financial service companies in the world, with close to 115 million credit cards worldwide at the end of 2019.
Founded in New York, it was conceived initially as a shipment company that transferred goods rapidly all over New York State but by 1857 was already involved in the financial services industry via a money order branch of the business.
In 1891, AMEX became the first company to develop a large-scale international traveller’s cheque system and remained at the forefront of the industry until its ultimate decline due to the rise of credit and debit cards.
American Express launched its first travel charge card in 1958 and a year later issued the first embossed plastic cards, beginning the era of cards as they are recognised today.
Since then, AMEX has launched several iconic products, beginning with the Gold Card and followed by the Platinum Card and the Centurion Card. These became known as premium products, with each offering its bearers a range of rewards and opportunities, such as access to private airport lounges, personal shoppers and car rental gold clubs.
AMEX to other providers compared
The benefits of using AMEX for a casino deposit in Canada are plentiful, with American Express noted for its high-quality customer service, which is arguably the most notable advantage that it holds over its rivals, and its points system that allows users to earn a variety of incentives.
American Express offers a range of loyalty rewards that offer rewards to clients, although these do vary depending on what product the user selects. The greater the charge for the card, the greater the number of services open to the customer.
Nevertheless, it is possible to pick up points when using AMEX at an online Casino in Canada.
In recent years AMEX has opened up to a broader spectrum of the population, with cashback on purchases and Air Miles for every amount spent available on no-fee cards, although this can often be only an introductory offer or be tied to spending a particular amount each month.
Furthermore, there are American Express cards that are tied to particular companies, such as chain stores or airlines, which offer exclusive discounts.
An online casino American Express deposit in Canada is universally quick, which is a great advantage and the app is user friendly.
Each product is different and it is up to the client to find the card that works best for them and their lifestyle.
Most popular payment methods
It is natural for a user to consider the best type of payment method, and in particular, if it is secure and legitimate.
Ensuring funds will be available for play is, of course, of paramount importance to customers and any AMEX casino deposit in Canada is guaranteed to be safe due to the trustworthy nature of the card company.
There is an advanced encryption method used by AMEX casinos when payments are being processed, while the card issuer promises to cover any erroneous charges on the user’s account, meaning the user is never liable for any mistakes on the part of the merchant.
An AMEX casino deposit in Canada should, therefore, be considered one of the most reliable methods of adding funds to an online account.
It is always worth checking the operator’s terms and conditions and, in particular, the security and licensing sections, which will confirm that a casino is working under the oversight of a particular jurisdiction. This should allay any concerns that a user has in making a deposit of any particular type.
Using top-rated operators and payment methods are the best way of ensuring your money is secure. Using popular deposit options also ensures that your funds will be eligible for casino sign up bonus offers.
Yes. It is compulsory for online casinos to ensure that you withdraw your money to the same payment method that funded the account. That means that an AMEX casino deposit in Canada must have any winnings withdrawn to the same account.
The reason for this is to prevent money laundering, and as such any online casino must be precisely aware where the source of any funds have come from.This applies to all forms of payment, including deposits made at a debit card online casino Canada.
Another frequent issue is the misuse of bonus payments, which are generally meant for one person per household. When an online casino sees several accounts joining from the same IP address, it presumes that the user – or users – want to misuse the system and will block them. Most operators have 24-hour customer service available and can quickly clear up any misunderstandings.
A common cause of an account suspension is a lack of verification of personal data. Each operator must be certain that the player is of legal age to partake in its games, while this also relates to money laundering prevention.
An AMEX casino deposit made in Canada is liable to be valid for points based on transactions in the company’s reward scheme. Each time the user deposits using AMEX at an online casino in Canada, it will accrue bonus points, which in turn can be used for gift cards, air miles or discounts at certain stores or with particular companies.
While it is possible to make use of AMEX at an online casino in Canada, the company does not currently have any official links with any operators. If a site is known as an Amex casino, that only indicates that the company accepts an AMEX casino deposit made in Canada.
When depositing funds at an AMEX online casino in Canada, there will be no additional charges made to the card beyond the ones that the bank invokes. The online operator will not take a cut of any deposit and may well offer a bonus or promotion, especially for first-time users.
The cons of using AMEX
While there are many advantages to using a reputed and secure credit card such as American Express, there are also a handful of drawbacks.
Primary among these is that there are relatively few operators that accept the payment method. Making a deposit via AMEX at an online casino in Canada may be a straightforward process, but finding an operator that is open to the payment method can be trickier.
It is rarer to see payments via AMEX at an online casino in Canada partly because of the strict banking regulations that surround gambling transactions, making it more complicated for operators to offer the service. Similarly, it can be difficult to deposit via a PayPal online casino Canada.
The primary reason, however, that American Express is not more widely offered is due to the transaction fees. Each credit card company charges a fee to the vendor whenever one of their cards are used. For providers like Visa and Mastercard, this is typically in the region of 1.5-2.5%, although the figure can vary, but for AMEX, this fee is more frequently around 2.5-3.5%.
Although this may seem like a relatively insignificant difference, for smaller companies, this margin may eat significantly enough into their profit margin to mean that brokering a transaction is simply not possible. As a result, AMEX is typically more widely available at bigger operators, though there are a variety of other reasons, such as mark-ups and number of transactions each day, that also have a part to play.
AMEX are willing to persist with this as they do not operate on the same business model as Visa and Mastercard. For example, a Mastercard online casino Canada, relies on generating their income via interest, as most American Express products require their patrons to pay their balance off in full at the end of each month. Instead, much of their revenue is generated by high annual charges.
As such, many American Express card holders also have a second card as a backup.
Paying by AMEX at an online casino in Canada should be considered a very safe and quick method of depositing funds into an account, with the company offering a long history in the financial services industry, as well as a formidable background both in security and customer service in the case of anything going awry.
Furthermore, its bonus scheme allows patrons to generate points towards rewards with funds that they are gambling with.
In addition, its quick and intuitive app is ideal for users with limited experience transferring funds to an online account.
However, relying on an AMEX casino deposit in Canada is not straightforward as there are only a limited number of operators offering it as a payment option, while high annual product fees could be off-putting for some users.