There is also a Credit Card Payment Form that you need to fill out to get money into your account.
American Express’s merchant fees depend on the type of business but the rates are higher than Master Card and Visa.
While American Express is working towards simplifying this scheme to get more merchants to accept them, it is seen as disadvantageous for bookmakers.
British Amex Platinum Card holders get a free Pass Prestige membership at airports as well as getting access to Eurostar lounges in London, Paris, and Brussels. This is one example of the rewards and points American Express members love as they spend.
In fact, American Express cardholders spend four times more than Visa and Mastercard members. As the name implies, American Express is an American company.
While this is a bookmaker with American Express, their maximum deposit is pretty low, as it is $500 for all credit cards.
Additionally, you have to fill out and sign a Credit Card Authorisation Form before you can receive your first payout.
It’s illegal to fund online gambling in the United States, and therefore American Express is incredibly vigilant about transactions on online bookmakers.
While this should not affect you as a customer in the United Kingdom, there have been users who have seen transactions blocked by the credit card company.
If you do it well, it can make paying off your credit cards a bit easier and more convenient.
Most of the major card issuers will let you do this, and it’s usually easy to do online.
Since many of the online bookmakers offer free deposits and withdrawals, the higher merchant fees from Amex would imply a less sustainable business model.