View Full Version : Casino Cash Advance Tips!
06-30-2000, 11:23 AM
This is something that I know that people have been wondering about. I tried to use my cobalt card at Atlantic Interbet, and I got a declined authorization even thought I had enough money in my account. What happens is that Atlantic Interbet is trying to authorize your card as a cash advance, as does Casino On Net I heard. A good way to find out if a casino does this is to use a cobalt card first, and if it gets declined, then you know that casino authorizes transactions as cash advances. BTW, people who were wondering how to cash out their cobalt card(they don't have a way to transfer out money), you can use payplace or paypal to get your money back. Some casinos credit your credit card for your winnings, and this would be a good method to do it.
I think I'm gambling too much when I think about stuff like this. http://www.gotapex.com/ubb/smile.gif
06-30-2000, 01:20 PM
Here's my experience:
Citibank (Platinum Select Mastercard) counted the following as purchases:
Casino on Net
ezcash.com (for goldenkeycasino.com)
Atlantic Interbet was the only one counted as a cash advance.
[This message has been edited by insanebrain (edited 06-30-2000).]
06-30-2000, 01:26 PM
That's really weird, because CON...whoa, that's weird...Casino-on-Net charged it to me as a cash advance...
06-30-2000, 01:29 PM
all of the online casinos i have used have showed as regular purchases on my card from citibank (casin-on-net, atlantic interbet, and sportbet)
06-30-2000, 01:33 PM
I have a Citibank card and it went through as a purchase only after Casino on Net tried it as a cash advance. The key is having a low cash advance limit. Mine is only $200, so it wouldn't go through.
06-30-2000, 01:56 PM
Be careful about the casinos. I think they get a better rate if they put it through as a cash advance. I know that Procyber casinos all count as purchases, but I thought I'd let people know about it. I happen to work with the merchant side of credit cards, so i know the rates. If a casino uses it as a purchase as a cardholder not present transaction, it typically costs the casino approximately 2%. If they put it through as a cash advance, I believe the rate is only about 1%.
Powered by vBulletin® Version 4.1.12 Copyright © 2013 vBulletin Solutions, Inc. All rights reserved.