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American Express (also known as AmEx) has been around for almost two ages and it is a listed company on the New York Stock Exchange. People use their Green, Gold and Platinum American Express cards at points of sale and ATMs in over 130 countries all over the world.
Few American Express Casinos
Unlike other credit card companies, American Express isn’t that popular at online casinos. There are a number of quality American Express casinos, but compared to the other credit card companies American Express casinos are far less common.
The reason why there are few American Express casinos lies in its business model. Because of the relatively high fees American Express charges to merchants (like online casinos), online casinos aren’t that interested in offering it as a payment option.
See, for every transaction you make with your credit card, the merchant has to pay a certain percentage (called the merchant discount) to the credit card company. On average US merchants pay a fee of 1.9% to credit card companies. American Express charges much higher merchant discounts. If you would buy a new shiny watch and pay for it using American Express, the jeweler has to pay a 2.5% merchant discount to American Express.
Better Rewards Program
The reason why regular shop owners still offer American Express is because so many people use it. The reason why so many people use it is because American Express offers an excellent rewards program. For every dollar you spend with your American Express card you earn Membership Rewards points. These points can be spent on all kinds of stuff ranging from cool gadgets to complete travel packages.
Because American Express charges higher merchant fees, it can provide much better rewards for its customers than other credit card companies. This causes many people to use American Express, which is a reason for shop owners to offer it as a payment option. If the jeweler in the previous example wouldn’t offer American Express as a payment option, he would certainly lose valuable business.
Online casinos are not dependent on one payment option. Online gamblers can use many different options including e-Wallets, checks, bank wire transfers, and other credit cards. This is why most online casinos refuse to pay the high merchant discount and there aren’t that many American Express casinos.
American Express Casino Deposit
Despite all this, the American Express casinos listed below here do provide it as a payment option. To make a deposit you simply go to the cashier and choose American Express. You fill in your credit card number, security code, and expiration date. Your deposit will arrive in your online casino account a few moments later. Depositing funds at an American Express casino is virtually always free of charge.
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