American Express Poker
American Express Poker
American Express was founded in 1850 and is known as the company AMEX. The company itself is located in New York City in the United States and in 2008 had revenues that exceeded 31 billion dollars. With over 67 thousands people employed, American Express is one of the largest and oldest financial companies in the world. American Express cards act like a credit card, which means players spend money on their American Express cards as credit and then have to pay this expenditure off from their bank account or they will be charged a high interest rate until the amount is paid off.
How American Express Poker Deposits Work
Poker players wishing to apply for an American Express card can do so at americanexpress.com. The online poker player will have to provide their personal details on the application in order to qualify for the card. Poker players should note that they will have a credit check performed on them before their card can be issued. If players have a bad credit rating from past history with credit cards and banks, they may be declined for an American Express Card or be given a low credit limit and might be best served looking for an alternative method to deposit to the desired online poker room.
Every time the American Express cardholder makes a deposit to an online poker room, the Amex Cardholder is charged a percentage fee of the total purchase. Typically, American Express percentage fees are higher than that of other leading credit cards. However, it should be noted that their reward program is much more generous than their competing credit card networks, which are why the fee may be slightly higher.
Some poker rooms will pay the fees associated with American Express deposits for the poker player, however other poker rooms will charge the player the percentage fee that American Express charge. Players are advised to check out their FAQ for the American Express deposit method on their favorite poker sites in order to find out whether they will be charged a fee for depositing with American Express cards. American Express has been known sometimes to deny fund requests from poker sites; however, the account holder can fix this with a simple phone call to American Express.
Players tend to use American Express to fund their online accounts because it is a quick convenient way to get a high amount of money into their poker accounts. If players already have an American Express card for other purposes, they do not have to go through the process of signing up to an e-wallet and verifying their information.
Poker Rooms Accepting American Express Deposits
Recently, many online poker rooms have quit accepting American Express as a deposit option for US poker players. Absolute Poker use to allow American Express to their players as a deposit option but it is no longer available on their site. Currently the only 2 Amex Poker sites currently available are Ultimate Bet and Bodog.
Best Poker Sites That Accept Amex Poker Deposits
