Financial
Security for the Internet Gamblers: Ways of doing Secured
Transactions
by Jerry "Jet" Whittaker
November 9, 2006
Internet
gambling has become very popular among the masses within a short span of
time. Today the present scenario is such that the internet gambling industry
is providing big business to the casinos, both specializing in online
gambling and even those who are normally based on land but are cashing in on
the popularity of online gambling.
Besides the
popularity of online gambling, one major issue of concern is the
financial security
for the internet gamblers
transactions done over the internet, which is considered as one of the
fundamental requirement for a successful internet gambling industry. The
word transaction in the above statement refers to the flow of funds both in
and out of the players account as well as to individual bets and the wagers
themselves.
Some ways
of playing safe
Nobody wants
to gamble with a feeling of insecurity of loosing there money. This feeling
can hinder there way of enjoying the online gambling experience. There are
many ways today to gain financial security of the transactions done in the
internet.
Many reputed
and reliable online casinos today insist their customers to do all the
transactions via another financial company by simply opening an online
account with it. Whenever the customer wants to make some payments, the
funds are directly transferred from this account to the casino which is good
both for safety and security.
Some problems
while playing online
One of the common
problems faced while doing transactions in the online gambling industry is
credit card charge backs where the internet gambling operator is at risk of
loosing funds to customers who are not much loyal.
Many
players when loose a considerable amount of money often denies that item in
their credit card statement and the amount automatically gets withholds from
the operators account. In this way inspite of the many problems faced by the
players as well as the operator the internet gambling industry is still
topping the charts in terms of popularity.
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