American Express is one of the best-known financial service companies in the world. Many refer to this iconic US brand simply as Amex. American Express credit cards are accepted across the globe. Consequently, many online casinos have the Amex distinguishable logo displayed on their banking pages.
Although it competes with the other two payment card network giants, Visa and Mastercard, American Express successfully keeps its market position. One of the reasons is the company’s long history. However, online casino players who prefer Amex cards choose them for casino gaming due to their security and ease of use. Moreover, you can use American Express cards across the globe.
These benefits make finding online casinos that accept American Express deposits easy. But, what about Amex withdrawals? Read on to learn if you can use Amex credit cards for online casino withdrawals too.
About American Express
Unlike Mastercard and Visa, American Express is a global credit card issuer that processes electronic payments. Combining these services, Amex is the leading integrated platform and payment network. In other words, American Express doesn’t work with intermediaries but issues its cards directly to the users. Such a business model allows the multinational corporation to charge fees from individual clients and merchants for using their cards and services.
The corporation issues and processes a wide array of credit, prepaid debit, gift, cashback, and travel cards, including No Annual Fee credit cards. It also collaborates with many reputable world companies providing branded cards with different perks and benefits. American Express cards are available to individual and business users in the US and worldwide. However, it’s worth noting that you cannot use business and corporate cards for online gambling.
The most recognizable American Express brands include Platinum, Gold, Green, and Blue cards. If you’re unsure which Amex card is right for you, check your eligibility directly on the website. You’ll need to provide personal details and total annual income, and American Express will suggest the best offer for you. Furthermore, you can see the likelihood of your application being approved if you decide to submit an official request.
Countries & Currencies
The company is present in almost 100 countries and regions globally. The primary target market is the US, but American Express has branches across the globe. The brand operates in Europe, Asia Pacific, Latin and North Americas, the Caribbean, Australia, Africa, and the Middle East.
Therefore the selection of Amex products and services depends on each country individually. The same applies to the costs and other benefits American Express delivers to its clients. The corporation also has international currency cards supporting USD and EUR. These Charge Cards allow you to use them wherever you are while benefiting from multiple advantages and awards.
Visit your local American Express website for more details on the products and services available in your country. Since American Express offers its products in more than 95 countries globally, it also supports multiple local and international currencies.
Keep in mind that as of April 2020, UK casino players can’t use credit cards to make deposits at online casinos. Also, casino players tried to circumvent certain restrictions by redeeming Amex gift cards at online casinos. This practice is no longer possible. The physical and digital gift cards you see on the website can only be used at selected retailers.
American Express was founded in New York in 1850 as an express mail business. In 1891, the company started offering the Travelers Cheque. And then, in 1958, they launched the first charge card in the US and Canada. A year later, American Express was the first to introduce plastic cards. Since then, American Expres has grown into an international brand, a household name in the credit card industry.
How to Deposit with American Express?
Online casino deposits with American Express cards are similar to any other bank card deposit procedure. If you’ve ever used a debit card for online shopping, you know precisely what you need to do.
First, pick one of the American Express online casinos we recommend on this page and open an account if you don’t have one. Then, navigate to the cashier page and look for the American Express logo. Usually, bank cards are displayed at the very top of the deposit page, so you won’t have a problem finding them.
Pick Amex as your preferred banking method. Enter the deposit amount, type in the cardholder’s name, card number, and a 4-digit card ID. The casino will send you to your digital banking to log in and confirm the transaction. Submit the two-factor authentication code to finish the transaction. Once done, you’ll get back to the casino lobby to start browsing the games.
How to Withdraw with American Express?
Unfortunately, we will have to disappoint you now. Most American Express-friendly online casinos don’t support withdrawals with Amex cards. A bank transfer is the best alternative to withdraw winnings if American Express is unavailable.
Despite all the convenience American Express cards bring to players for funding their casino balances, this is the main Amex disadvantage if selected for online gambling.
However, exceptions exist. We, therefore, advise you to check the banking page, both deposit and withdrawal sections, to see if the casino maybe allows Amex cashouts. Withdrawals with American Express are identical to making deposits.
Transfer Times, Fees, and Security
Amex deposits are instant. Once you confirm the transfer, the funds will appear in your casino balance. Withdrawals, on the other hand, if enabled, will last significantly longer. Usually, the waiting time is 2-5 business days. In most cases, the bank processing procedure is responsible for these delays.
American Express has a broad portfolio of cards that differ between countries. Therefore, it is pretty hard to list the exact costs you’ll pay for using Amex cards at online casinos. The fees depend on the card you use. The best way to learn the actual costs is to visit the official website and open a cardmember agreement for the card you use.
Blue American Express card issued in the US has no annual membership fee. But, the transaction cost is 5% or $10, whichever is greater. Also, foreign transactions are charged 2.7% after conversion into USD. In the UK, on the other hand, American Express charges a 2.99% currency conversion fee. Casino sites generally don’t charge players for depositing with Amex. Still, take your time to read the T&C and the fine print on the cashier page to avoid surprises.
With such a long tradition, the company needs to pay special attention to maintaining its reputation. And this is exactly what American Express does when safety is in question. The corporation takes cybersecurity seriously. It applies various anti-fraud technology, including SafeKey, a TLS encryption protocol, and it automatically logs you out if your account has been inactive for 10 minutes. American Express also sends fraud alerts by push notification, SMS, or email if they notice any suspicious activity.