How online bingo deals with credit card fraud

Online bingo deals always include the processing of players’ deposits through financial facilities approved by the bingo site. The most common payment services employed are credit cards like Visa and MasterCard, Web wallets such as PayPal, Skrill, or Neteller, pre-paid vouchers such as Ukash and PaySafeCard, and debit cards. No actual money is handled in transactions that involve electronic processing of online bingo deals, but the details of the transaction can be retrieved such as the time that it was processed through the facilities and secure measures implemented by financial institutions.

When using your credit card to fund your account, you should be aware that the amount deposited is considered by the credit card company as a cash advance, and is thus subject to a small percentage fee. When the transaction for any online bingo deal involving the player’s credit card is completed, the online site bills the credit card issuer for the exact amount while the service charge is imposed by the credit card company.

Online bingo deals processed through credit card payments become problematic when players inform the credit card company that they did not authorize the transaction of depositing funds in the online bingo site and demand a charge back. This situation prompts an investigation by the credit card company and the online bingo site where the transaction was processed.

Online bingo deals using credit cards are declared fraudulent when there is an illegal charging back involved. Thus, in a well-oiled financial system that runs like clockwork for the convenience of all parties involved, the fraud is an irritating issue wherein in all cases, the player loses credibility when it is proven that the transaction did indeed occur.

 What some players are not aware of is that the security processes for financial transactions are archived and recorded, and can be traced through secure channels that were put in place specifically to prevent abuse and fraudulent practices. An investigation conducted by the credit card issuer and the online bingo site can trace the IP address of the computer used to process online bingo deals using the credit card, and this information can be used to prove that you made the transaction.

As a result of the fraudulent charge back demand, online bingo deals that you have entered into with the bingo site may be considered a criminal offense that will lead to your being blocked from playing. The credit card issuer may also decide to cancel the card that has been used for an illegal charge back. You should be aware that online bingo sites and casinos share information with credit card providers about fraudulent clients, so it is not a simple matter to forget about by just moving on and applying for another credit card or registering in another online bingo site.

The most serious result of such fraudulent online bingo deals involving credit card use is that the online bingo site can make a demand for you to pay the costs incurred by the investigation, since this is explicitly stated in the terms and conditions for membership in any online site. You also stand to forfeit any balance that remains in your account, including winnings and payouts that are being processed.

Keep in mind that online bingo deals with fraudulent clients in the most severe manner, and players who resort to illegal practices may be banned from playing in other sites too.