One of the biggest urban myths doing the rounds right now is that Visa has also blocked payment for online poker players. Unfortunately, it’s an urban myth that may come true very soon according to our sources. “Everyone is working like crazy for fixes (Mastercard), etc and just so you know, there’s major rumblings that Visa could join the party in some form or another. My contacts on the Ecommerce side of things are keeping me up to date and I’m not going to lie to you, it’s tough right now.” Our source is part of a gambling site that focuses on US players and has been in the industry for a long time.
The truth of the matter is that it is no more difficult to pay for online poker entertainment now than it was before the rumors started.
The internet is full of reports, some of them speculation and some downright false, that online poker players cannot process their payment with Visa.
When Mastercard turned away from the industry several weeks ago, naturally there were many questions asked about the future of the credit card industry as a whole and its future attitudes towards accepting payment online for gambling purposes. It was considered a possibility that Visa, Mastercard’s business rival, would follow suit eventually.
However, it must be stressed that there is no greater level of difficulty than before to pay for online poker and gambling sessions with Visa.
Visa’s website states that the company itself has no problem with online gambling, although the player’s geographical location may influence the outcome of the transaction attempt.
Players are urged to try using Visa again to see whether their rate of decline is any higher than before in order to reach their own decision about whether this payment giant has turned its back on the poker industry or not.
Due to the circulation of these rumors, alternative US poker deposit methods have reported an increase in the number of players seeking their services. These banking methods are considered to be safe and reliable and there is less of a threat of them leaving the US poker market due to legal influences.
In a statement a fortnight ago, Poker Stars said that does not re-code the 7995 code that is typically used for online gambling transactions. “Poker Stars does not, nor ever has engaged in the practices of mis-coded credit card transactions. We have therefore been unaffected by any crackdown by Visa or MasterCard to close down such mis-coded processing accounts.”
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