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Seen as a luxury credit card company used by top executive businessmen and corporate accounts, American Express (known more commonly as Amex) has broadened its appeal in recent years and now even offers a prepaid debit card that’s a good option for casino payments. There are lots of advantages to using Amex at online casinos for making deposits and withdrawals, too, plus additional rewards along with top-notch security. Let’s discover more. So, let's see what to expect when gambling with American Express casinos.
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If you don’t have an Amex, you can easily apply for one on the company’s website – and be sure to get the app so that you can enable two-step verification. Once you have one, read the site reviews on GoodLuckMate to find out about the best Amex casinos and sign up offers.
Head to the cashier area of the site via the Deposit button, enter the amount with which you wish to play (bearing in mind the site’s deposit limits) and choose Amex as your payment method. This will initiate your American Express casino deposit. From there, enter the 16-digit card number, the expiry date, and the three-digit CVV code on the back of the card.
You’ll then be sent a verification code to your smartphone or tablet, which you must enter when instructed. Once Amex approves, your playing funds will be in your American Express online casino account instantly.
Online casinos that take American Express credit card as a payment method should allow you to withdraw in the same way. So, head to the cashier area and choose withdrawal. Enter the amount that you wish to transfer to your account and select American Express from the dropdown. Easy, right?
Once the withdrawal has been requested, it will be sent over to the site’s payments team for approval. This usually only takes around 24 hours, depending on the casino and time of the request. Three to five business days after that the funds will appear back on your Amex card.
Also, when asked by the casino for copies of your ID, a recent bank statement, and so on, comply as quickly as possible to ensure you can withdraw your winnings quickly and easily. Generally, you can expect all casinos that accept American Express to have a similar KYC procedure.
While American Express cards are famed for their extremely high spending limits, you may also find that the casino has its own limits. Therefore, minimum deposits are likely to be around €10-20, with something in the region of €5,000 being the maximum. On the withdrawal side of things, the same applies, but the maximum may be much higher.
Another thing to note with Amex is the fees per transaction. Because of all the benefits you get, you’ll be expected to add a small percentage on top of each payment. Some American Express rewards and perks include fantastic customer support, air miles, and cashback on purchases. Also, because American Express charges the payment service provider for processing your funds, you might be expected to cover these, but this largely depends on the site. All this information can be found on the casino’s Payments page. So, make sure to go over the T&C of the online casino with American Express you choose and inform yourself of the exact charges.
The vast majority of online casinos that accept this method will allow you to use your Amex credit card for claiming a welcome bonus, for example. Again, be sure to read the GoodLuckMate casino review and to read through the bonus terms and conditions ahead of time to avoid disappointment. And remember to enter any associated bonus codes if required! Other than that, you're sure to enjoy your American Express casino adventure.