In the online gambling world, banking is always one of the most difficult tasks to carry out. As the laws surrounding the industry are unclear in many countries, financial institutions often block credit card transactions to avoid any legal involvement. But, now MasterCard and InterCash have found a way to circumvent the system with a brand new prepaid credit card.
The new card works like uKash and other prepaid cards, only with the additional option that allows you to withdraw money to your MasterCard – rather than having to wait for a cheque or wire transfer. Players can simply load up their card using their bank account. When withdrawing funds, they can transfer the funds directly back onto their prepaid card, after which they can use the card at any retail outlet that accepts MasterCard.
On the other end of the coin, operators can also benefit from the new system. They are not required to go through any laborious set up process, as InterCash takes care of that end of the bargain. It has also included an in-depth reporting and management system that allows operators to monitor all transactions and deal with inquiries in real time.
Currently, only 18 PlayTech casinos will be offering the service, including Titan Casino. However, the success of the new InterCash MasterCard may see its expansion to many other online gambling websites in the coming months.
