|Online gamblers are increasingly faced with the stress of credit card rejection as their issuing banks reject gaming transactions at disproportional rate. Over the past 12 months credit card rejection rates at online casinos have approached 50% contributing to considerable stress and embarrassment for cardholders who are otherwise in good credit standing with Visa and MasterCard. |
Adding to player stress is the fact that their successful credit card purchases are placed through un-regulated intermediaries who are not subject to the high degree of regulatory scrutiny as their land-based bank.
In response to these issues, a new transaction method has been developed specifically to address these player concerns. Moneybookers, a UK-based e-wallet solution, allows players to transfer funds into a secure and fully regulated account, and subsequently fund Internet casino purchases through that account. Moneybookers uses advanced fraud screening systems to help qualify cardholders thus reducing embarrassing rejections, and Moneybookers submits itself to UK Financial Services Act (FSA) regulation – the only e-wallet to do this insuring financial security.
The first casino to adopt this player friendly/player-safe solution is leading UK-focused casino Sterling House. Recognising that putting players first is key in their business, Sterling House has teamed up with Moneybookers to offer this groundbreaking platform.
“Not only does Moneybookers allow players safer and easier depositing, but it allows them to get winnings out faster than ever before. When a player requests a withdrawal from the casino account, winnings are issued directly back into their Moneybookers account where it becomes valid for additional internet purchases and available for cash withdrawal to the player's high street bank account and/or get posted by cheque. There is no other payment option offering this much for the online casino player,” says David Barker Casino Manager of Sterling House.
To encourage players to choose Moneybookers as their first choice of payment solution, Sterling House Casino is offering all new players a 120% match bonus when depositing through the new system for a limited time while existing players enjoy an ongoing 10% bonus for all additional deposits made through Moneybookers.