American Express (often shortened to AMEX) is one of the most iconic credit cards in the world. The company has always presented itself as something akin to the Rolls Royce of credit cards, projecting an air of exclusivity meant to attract a certain kind of clientele - or at least those who think of themselves as a certain kind of clientele.
How do online gamblers fit into that picture? While not the primary choice for making casino deposits from the US, American Express still has some role to play for American online casino players interested in getting into games online. We've collected the top US-facing casinos accepting American Express in a quick list below. Click on any to read a complete review of the site, and scroll down for even more information about American Express cards and online gambling.
Is It Difficult to Deposit at an Online Gambling Site With American Express?
Difficult is, of course, a relative term. American Express is, in a nutshell, easier to use than some methods and more difficult to use than others. The main difficulty you're going to encounter when trying to use an American Express card to deposit at an online casino is that the majority of casinos don't always accept the card. The next problem you may run into is that acceptance rates for American Express casino deposits are somewhat lower than they would be for the typical credit card.
Other than those issues, you shouldn't experience any unique difficulties when trying to deposit at an online casino using American Express; successful transactions should be completed within a matter of minutes, and funds are generally available immediately once the transaction is processed.
How Does Using American Express for Casino Deposits Compare to Other Credit Cards?
American Express falls somewhere in the middle of the pack among major credit cards when it comes to depositing at online casinos. A quick comparison:
Visa: American Express is accepted at fewer casinos than Visa, and has lower transaction failure rates.
Mastercard: You'll find slightly fewer casinos that take American Express compared to MasterCard. The transaction failure rate for each card seems to be roughly equivalent.
Discover: American Express beats Discover across the board.
Prepaid: Prepaid is generally accepted a bit more often than American Express. Transaction failure is rarely an issue for prepaid cards.
What is the Difference Between Prepaid and Regular American Express Cards?
The two are effectively completely separate products that share the same branding. American Express credit cards are revolving-balance cards with a determined line of maximum credit. American Express prepaid cards are simply cards that you load with cash or transfer, and can only be used for purchases up to the amount of cash available on the card. Prepaid cards may also come with substantial fees for use, so review the fine print carefully before you decide to purchase.
American Express: Company Snapshot
While American Express may seem a modern brand to some, the company actually has some of the deepest roots of any credit card issuer. Those roots stretch all the way back to 1850, when the company originated as a delivery service - an origin that explains the company name.
By the late 1880s, American Express had morphed into a business offering various financial services. After the turn of the century, the company moved out of the delivery business altogether and focused exclusively on their financial division. American Express was issuing credit cards by the 1940s, and continued on that path over the next few decades on their way to becoming the credit card issuer with the largest overall share of total dollars charged in the United States.
Today the company is one of the most valuable in the world, both in terms of brand and capitalization. 2011 saw the credit services giant take in a hair under $30 billion in revenue and book nearly $5 billion in net income during the same period. While other financial properties have suffered over the last few years, American Express seems poised to continue their remarkable corporate run well into the next decade and beyond.