Only a few weeks ago, Mastercard decided to block all online gambling transaction. They ceased allowing payments for American online gamblers. Many have wondered why they would make such a move when it looks as if online gambling will soon be regulated in the US. This may be a result of the UIGEA which could be enforced as early as June unless the Treasury Department decides to delay implementing the new law due to the burden it puts on the financial sector.

Following on Mastercards footsteps, VISA, the biggest credit card supplier in the US, has decided to block all gambling transactions moving forward. It is estimated that thousands of online gamblers will be affected by the changes, with the majority of affected gamblers being in the online poker sector. Over the years, players have grown accustomed to the ever growing changes in online gambling payment options, and this shouldn’t be that big of a concern.

Most players will start using e-wallets if their credit cards are declined at the online casinos. This will have a bigger impact on the credit card suppliers than it will on gamblers within the United States. The credit card suppliers have picked a strange time to sanction online gambling when legislation may soon be passed to make it legal for all US citizens to gamble over the Internet.

This news doesn’t come as a surprise to some gamblers. Most credit cards and even some debit cards have been declining online casino deposits for years. American Express and Discover banned online gambling transactions years ago, and only a handful of smaller online casinos are still able to process credit cards because the transaction is often mistaken as something else.

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