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Did You Know?

Internet gambling makes payment options easy. They can choose from several types of payment options other than credit cards. These include VISA and MasterCard DEBIT cards. Such cards are tied directly to the cardholders bank account. Funds for all transactions are deducted directly from the cardholders bank account. Cardholders can make credit card type transactions that do not require a personal identification number.

Private label debit cards: These cards are similar to check cards above, but are issued by private companies rather than credit card associations. Online payment providers: These companies send and receive funds electronically for such uses as on-line auctions and purchases. Wire transfers: Some net gambling sites promote this method of payment, which allows customers to wire money directly from a bank account to the site. Ecash, or digital cash: It is a digital representation of real money that can be placed on a computer hard drive, smart card and other devices with memory. It can be purchased from an authorized provider.

Most gambling sites also offer money orders; travelers checks; bank drafts; cashiers, certified, and personal checks; plua a number of other electronic banking systems or processors as payment options. With so many easy payment options, even a non gambler would be tempted.

Statistics also show that Internet gambling has nearly doubled every year since 1997. In 2018 it exceeded $80 billion. It also boasted 110 sport-related gambling sites. According to the American Psychological Association, Internet gambling could be just as addictive as alcohol and drugs.

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