Online gambling is the newest contribution to America’s debt indiscretions. Now websites make it even more accessible to gamble online, from online slots to tournament blackjack. With these new outlets, chronic gamblers are finding it harder to stay away from the computer. The internet creates a new isolation for online gamblers, and poses a serious threat to your self-awareness and judgment.
Since online gambling offers the convenience of never leaving your home it’s easier to hide a gambling addiction. You can loose yourself for hours in front of a computer, which can have drastic effects on your relationships with others. Another issue with online gambling is that you don’t feel the impact if you lose money right away. You don’t have chips in front of you to keep track of 22.214.171.124. Now all you have is a number in the corner of your screen to contend with. With this lack of hands on involvement, it’s getting easier to continue clicking the mouse to place a higher bid. However most gambling websites do not allow the use of credit cards, and credit companies do not allow you to use your credit card on gambling either. With this positive step that credit card companies have taken, American’s will gain a better handle on their gambling debt, by not being able to use debt to pay off deb.
With most online gambling casinos you can’t even withdrawal your winnings unless its over a specified amount which is usually around $50. By doing this they keep you hooked and you’ll find it easy to continue placing bets because the money is already in the account. Online gambling is no only restricted to casinos and slots, but tremendous amount of sports betting takes place online. The internet has now made it so that you don’t even have to call up a bookie and place your bet; you can simply login and start betting.
Although gambling is becoming a more recognized sport in the industry, especially when they televise celebrity poker and other tournaments, it is still a dangerous sport. It’s understandable that in retrospect every sport is dangerous. The key is to know how to play and to play well. As with all sports you have to take the proper precaution before you play, make sure you know the rules, and have the right equipment. In online gambling the right equipment is a clear head, a complete understanding of your financial situation, and you have to be willing to lose.
All too often people fall victim to gambling addictions. You have that one great win, but after that you might lose continuously, and the next thing you know your down hundreds maybe even thousands of dollars. By no means is online gambling a safe sport, it comes with it’s own set of responsibilities. Being aware of the risks involved and making sure your priorities are straight is one way to gain control over gambling before you start a problem. Having an addiction is losing control over your own free will, and that is something no American wants. Personal bank accounts to fund online casino gambling are illegal in most of the United states. PayPal offers a viable alternative as a way to send and receive money while participating in online gambling.
PayPal is technically not a bank. However, some federal agencies assert that PayPal is indeed a banking institution, because of the way it manages financial transactions and retains funds for lengthy periods. PayPal objects to this characterization, saying that, because it does not charge interest or account fees and lacks a banking charter, the government should not designate it as a bank.
PayPal is a secure and convenient method to use for all kinds of online financial transactions. However, if you use it to fund online gambling, do not have transactions made directly to PayPal, since the IRS is capable of linking payments from your bank account to your PayPal account and finally to your account with an online casino. Further, as an American-owned company, PayPal will not authorize payments to online gambling casinos.
Online gambling sites, realizing that many individuals use PayPal as a way to perform online financial transactions, offer to assist by transferring money from your PayPal account to an approved Ewallet for online gambling purposes. However, many companies may charge as much as 40 percent commission for providing this service. These transfer companies might also have questionable reputations for reliability in ensuring that your money arrives at its intended destination. Avoid these types of money transfer companies, and stick to established and legitimate financial transaction services.
If you use PayPal to fund your online gambling account, you should use your PayPal account to purchase a pre-paid credit card and use that to add to your casino account. This way, you remain distanced from the transaction, and neither the IRS nor the casino knows where the money originated. Remember, pre-paid credit cards do not assess fees for transferring or loading money onto the card, although some may charge an activation fee of about $10 and a minimal monthly fee. However, these charges are worth paying if you are considering seriously investing in online gambling.
The most successful and established online gaming casinos offer PayPal as a payment option in most countries outside North america. Some people create a foreign bank account and use a credit card based on that account as their PayPal link account. With this method, however, you will need to be familiar with someone living overseas who can set up an account in your name.
Because PayPal is somewhat complicated to use for funding your online gambling account, you might choose a wire transfer service like MoneyGram, which is simpler and prevents anyone from knowing how you are transferring money to your casino account. Online gambling is much more fun if you don’t have to worry about involving yourself in something illegal.