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Since the United States government made the decision to effectively outlaw online gambling late last year, the list of payment options available to players in the US has rapidly decreased. When the Unlawful Internet Gambling Act was passed into law on October 13th 2006 it became illegal for US banking institutions to allow transfers to or from online casinos. The banking industry was given a 270 day period to create a system that could identify online casino transactions across a spectrum of banking options such as bank wire, ACH, eChecks and credit cards. In reality, the crackdown on the online casinos that chose to continue accepting wagers from US players came far sooner.

The speed at which the banks started to implement the new restrictions was likely increased due to the two former founder directors of Neteller being arrested on January 15th this year. Read the rest of this entry »