With American Express (AMEX) being one of the most popular credit cards in the world, it’s easy to see why people want to know if they can use their AMEX card to make deposits in online poker rooms. It’s a complicated question to answer, as whether or not AMEX is an acceptable deposit option – or one that will work – can vary between different locations. In recent months, AMEX has been seen as a deposit option at fewer and fewer online poker rooms, possibly due to the implementation of certain restrictions on financial companies in the United States.
Can You Make Deposits in Poker Rooms Using AMEX?
The availability of AMEX as a deposit option for you at online poker rooms is limited, due to the fact that AMEX has a tighter grip on what their cards are used for than most other credit card companies. This means that while you’ll often see Visa and MasterCard listed as potential deposit options at a large number of online poker sites, AMEX is an increasingly rare sight on the banking pages of online poker rooms.
At the moment, it is difficult to find any poker rooms that are accepting AMEX as a method for making deposits into a player account. While a handful of casino companies still appear to accept AMEX (at least for some players), it may not be a viable way to deposit into an online poker account at this time.
The History of AMEX
American Express was founded in 1850 in Albany, New York. At the time, it was simply an express mail business; the idea of credit and debit cards didn’t yet exist. It wasn’t until 1882 – well after the corporate headquarters of the company had moved to New York City – when the company moved into the financial sector. At that time, American Express began offering money orders.
The first real expansion overseas for AMEX came in 1891, when they developed the first ever Traveler’s Cheque, which allowed individuals to be confident that they would be able to obtain cash when traveling in a foreign country.
The modern version of AMEX can be said to have begun in 1958, when AMEX launched their first charge card. Although they weren’t the first to the market (that was accomplished by Diners Club, which put out a charge card in 1950), AMEX was able to distinguish themselves as a premium, luxury brand, a reputation that remains intact today. AMEX was also the first company to release different tiers of cards to their higher-end clientele, introducing the Gold Card in 1966 and the Platinum card in 1984. American Express entered the true credit card market (meaning a card that allowed a balance to be carried over from month-to-month) in 1987, with the Optima card.
Today, American Express is truly a worldwide brand. The company owns subsidiaries in Europe and India, and holds the largest share of credit card transactions in the United States. According to several business publications, AMEX is one of the top 30 most valuable brands in the world, and is one of the companies included in the Dow Jones Industrial Average.
