Endorsed by Gambling911

New Credit Card Code for Online Gambling in New Jersey Should Reduce Decline Rate

Written by:

Aaron Goldstein

Published on:

Jan/20/2015

New Credit Card Code for Online Gambling in New Jersey Should Reduce Decline Rat

A new credit card code is set to be introduced for online gambling in New Jersey come Springtime, thus helping to reduce decline rates.

Reports suggest that the approval rate for Visa cards has been around 73% on average for Visa with a dismal 44% for Mastercard. American Express does not allow transactions for online gambling at this time.

While online gambling is legal in New Jersey, many credit card issuing banks, including Wells Fargo, have refused to allow transactions for Web gambling due to federal legislation.

Currently customers have the option of funding directly from their bank accounts, however, a social security number is often required. Likewise, payments can be made at local 7-Eleven convenience stores in some cases. Alternative payment solutions such as Skrill are also available though not widely used by New Jersey residents.

A New Jersey’s Division of Gaming (DGE) said further improvements are expected”.

- Aaron Goldstein, Gambling911.com

Gambling News

FanDuel and DraftKings Remain The Undisputed Leaders in Online Sports Betting and Casino Gaming

FanDuel and DraftKings continue to dominate the U.S. online sports betting and casino markets, securing a commanding lead over their competitors. Their strong market presence, innovative platforms, and aggressive expansion strategies have cemented their status as the top players in the industry.

Mississippi Bill to Ban Sweepstakes Casinos and Expand Sports Betting Fails to Advance

A legislative push in Mississippi to ban online sweepstakes casinos and legalize mobile sports betting has failed to gain traction, leaving the state's gambling laws unchanged for now. The stalled bill highlights ongoing debates over gambling expansion and regulatory control in the state.

Texas Lawmakers Renew Push for Casino and Online Sports Betting Legalization

Texas is once again at the center of a heated debate over the legalization of casinos and online sports betting. Despite past legislative roadblocks, momentum is building with renewed efforts from lawmakers and shifting public sentiment favoring expanded gambling options in the state.

How Do Online Poker Laws Vary Around the World?

Online poker has fast become a worldwide sensation, but the regulations change significantly in each region. Some jurisdictions adopt online poker wholeheartedly and openly, others regulate it to the tee, and some restrict players completely.

Betting on the Stanley Cup: A Beginner's Guide

The Stanley Cup is the pinnacle of professional ice hockey, awarded annually to the NHL champion. As one of the most prestigious trophies in sports, the Stanley Cup playoffs attract massive attention from fans and bettors alike.