People around the world have heard of the American Express Company, which also goes by the name of Amex. The American multinational financial services corporation specialises in payment cards, and it has its headquarters in New York City.
As things stand, it is one of the most valuable companies in the world, serving many countries. Getting involved in American Express sports betting comes with a nice selection of advantages, too. This includes speedy deposits, a dedicated mobile app, eligibility for welcome bonuses, and more.
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The likelihood is that whether you’re intending to wager on soccer or get involved in online cricket betting, the site you join will support card payments. Yet before you go ahead and use your Amex card for this, it’s important to understand it and its link to online betting. Thus, we have put together some details on the payment method and its features below.
American Express actually launched in 1850 as an express mail business in Buffalo, New York. It wasn’t until many years later that it turned towards the world of finance, starting as such in the 1980s. It made a number of acquisitions at that time, creating an investment banking arm of the company.
Today, it operates in more than 100 countries, and is known for introducing the very first charge card in the 50s, gold card in ’66 and then platinum card in ’84. Anyone choosing to use American Express for betting in South Africa can look forward to some fantastic benefits, too.
Quick and easy deposits are the first thing to experience. You will always witness your money moving from your Amex account into the online sportsbook straight away.
Further to this, Amex employs a high level of security, ensuring that all transactions proceed in encrypted format from start to finish. While the card may be prominent in the United States, there is also an arm of the company that is operational in South Africa for avid bettors to enjoy.
We mentioned a couple of benefits regarding this banking option above. Yet we want to ensure you know about all of the advantages you receive when using Amex for deposits and withdrawals. Therefore, in this American Express review, we have delved into the pros of the payment method, which you can see below.
Before you go ahead and decide that American Express is your favoured payment method, you need to consider the sportsbooks you can join and use it at. Choosing the right platform with American Express integration for sports betting is vital. Here are a couple of things to consider before signing up to one.
It is always our recommendation that you do plenty of research into an online sportsbook before registering for an account. This way, you know everything there is to know about it beforehand. Such research is of a great help in determining which sportsbook is the one for you. While conducting this research and comparing the sites, look out for the following platform features:
If you join a sportsbook that integrates the American Express payment methods, then you can expect a simple time when it comes to deposits and withdrawals.
The process of adding money to your account is easy and seamless, with just a few card details required for the transaction. Funds then transfer straight away. Withdrawals may take a little longer to complete, but it all occurs in a secure way.
If you download and use the American Express mobile app, then you will also be able to track your spending habits. This is ideal, as you can see when money leaves your account to the sportsbook and when your withdrawals have paid out to you, too.
It’s also a great budgeting tool as a result, meaning that you can manage your betting bankroll in an effective way. Any card or bank account should also allow you to categorise your transactions. So, you can see exactly which payments have taken place for betting purposes.
When you use an Amex card for deposits and withdrawals, there are some tips and considerations to take into account. This will help you with using the card to your advantages in sports betting. Read these tips towards American Express utilisation at online betting sites.
Everyone engaging in sports betting should create a bankroll for themselves. This should be an amount that is specifically for betting, and it should be an amount that you can afford to lose each month.
Don’t go above and beyond this amount at any time. Don’t consider depositing more money to chase any losses you may have experienced. With American Express, you can keep track of your spending via the app. You can also add money to a specific account for betting, which helps with budgeting.
You should also enact proper responsible gambling action when placing online bets. This is something we speak about more in our betting guides and various other locations at BettingSites24. It requires you to take a small percentage of your overall bankroll and use this as the value for each bet you place. Try not to exceed this amount by too much at any time.
As is the case with most card payment providers, American Express uses encryption technology to protect your information. This also helps with protecting your money during any type of transaction taking place.
Furthermore, the card identification number (CID) adds extra security for you, which operates as a 4-digit number that only you know. To be able to confirm transactions to online bookmakers, you need to provide that number when depositing. Thus, you can verify that you are making secure payments with American Express.
American Express has become a recognised brand worldwide for many reasons. It remains a fairly popular payment option for online gamblers, including those located in South Africa. The high level of security, instant deposits and eligibility for online promotions all serve it well.
As long as you follow the information laid out here in our guide to Amex, then you should have a good betting experience with it. Always remember to gamble responsibly for the best outcome.