Payments firms deal online casinos a lousy hand


Payments companies are ruining the online poker party in its infancy as major players such as PayPal (EBAY), American Express, and Bank of America have decided not to process transactions.

Mastercard (MA +1.1%) and Visa (V +1.1%) are allowing the transaction in states where online gambling is legal, but card issuers have the final say.

Related stocks: CZR, BYD, MGM, EIHDF, WYNN, IGT,

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Comments (3)
  • stoj
    , contributor
    Comments (754) | Send Message
     
    just as well, poker should be a social game, with IRL colleagues and friends
    15 Nov 2013, 06:45 PM Reply Like
  • User 18352672
    , contributor
    Comment (1) | Send Message
     
    http://bit.ly/17azfNV

     

    Its because internet gambling is against Federal law, and enforcement of the law is the responsibility of banks and credit card companies.
    16 Nov 2013, 09:12 AM Reply Like
  • marti21866
    , contributor
    Comments (11) | Send Message
     
    It's just a matter of time before these banks will be fighting for the online gambling business. People want it and it's not going away.
    17 Nov 2013, 12:26 PM Reply Like
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