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Contents
- Introduction to American Express
- Brief American Express Overview
- The Best American Express Betting Site Selection Criteria
- Making a Deposit using American Express at Betting Sites
- Requesting Withdrawals using American Express at Betting Sites
- American Express Betting Sites Safety and Security in India
- American Express Security and Safety Measures
- Bonuses and Promotions at American Express Betting Sites
- American Express Transaction Fees in India
- American Express Betting Sites Withdrawal and Deposit Limits
- FAQ
Introduction to American Express
American Express is a corporation that allows users to make transactions for personal use or business management globally. The corporation offers prepaid, charge, and credit cards, each for consumers and businesses. American Express issues payment cards and also processes transactions conducted with its cards and third-party issued cards.
As American Express is widely accepted worldwide, you can easily find merchants accepting American Express in India. It’s much similar to Visa and MasterCard, but rather than issuing access for different banks, American Express works as both the bank and issuer for all of its cards and services.
Brief American Express Overview
American Express has several choices of cards with different benefits. The standard card is the Platinum Charge Card, with access to over 1,300 global Airport lounges.
You can also get complimentary benefits worth up to INR 37,000 at its chosen 5-star establishment. You can also get a free check-out extension, room upgrades, breakfast, or other special amenities. The card works with many notable properties like the Four Seasons, Mandarin Oriental, Ritz-Carlton, and many other brands.
You can also apply for the American Express Credit Card and earn the same benefits from using the Charge Card. The company offers two types of credit cards: Membership Rewards and SmartEarn Cards. Both have similar features, but if you’d like to get higher Membership Rewards Points, the SmartEarn Card can provide 10x more points than the Membership Rewards Card.
The cards mentioned above aren’t the only products that AmEx offers to its customers. You can also get Travel Credit Cards, Reserve Credit Cards, and more. Each card has its specific annual fee or first-year fee if you’re applying for a credit card.
History and Development of American Express in India
American Express began in 1850, offering a freight forwarding service. The growth was fast, and by 1862, American Express already had 890 offices. It wasn’t until 1950 that American Express launched a charge card to make its customers’ payment more convenient.
Before the charge cards were introduced, American Express launched an operation in India in 1921. It launched the first credit card for rupee transactions in 1992.
How to Use American Express in India
To open a new account, Indian users can head to American Express’ site and apply for a credit card or a charge card. The site puts every card available in India with every detail you need to know before applying for one card. Make sure to compare the benefits, fees, limits, etc., before choosing one.
When you have chosen which American Express card you’d like to have, you can click the ‘Apply Now’ button. The site will redirect you to another page where you must provide personal details like full name, age, earnings, address, and more. Submit the information, and American Express will ask further about your financial information.
Here, you must submit your bank details before American Express can process your application. AmEx will return to you within 15 days and notify you about your application request.
After American Express accepts your request for a new account, you can use the card for transactions like bank cards. Numerous merchants in India accept American Express for payments, especially in major cities. By 2021, American Express reported having over 523,000 merchants across India. You’ll also find thousands of vendors accepting American Express in India.
The Best American Express Betting Site Selection Criteria
- Accepts American Express for depositing and withdrawing
- Accepts players from India and allows players to transact using rupee
- Provides players with various betting options and sports events
- Offers great odds that can compete well with other sites
- Hold a licence and is legal in India
- Supports responsible gambling and offers several responsible gambling tools
- Provides a 24/7 customer support service, preferably live chat
Making a Deposit using American Express at Betting Sites
If you have used other bank cards like Visa or MasterCard for depositing, you’ll find it easy to deposit using American Express. Before depositing, you can make an account at a sportsbook that accepts American Express and verify your account. Then, you can follow our instructions below to fund your betting account.
Instructions
- Login to your betting account or register a new account
- Find the Deposit button in the Cashier section and choose American Express
- Fill in the amount you’d like to send from your Amex account to the betting site
- Submit the deposit request and wait for the fund to arrive in your betting account
American Express Common Problems for Indian Users and Solutions
Your transactions might not always work smoothly when using American Express. This is the same problem that will always happen when using debit and credit cards in online sportsbooks, where international deposits to a sportsbook that accepts American Express are automatically declined.
There’s a solution to this problem without changing your deposit method to another payment service. You can use the American Express Gift Card to deposit into your account.
This is the easiest way to ensure your deposit goes through, as Amex Gift Cards are approved for international use, including internationally regulated sportsbooks. When you find a sportsbook that accepts American Express, it’ll always accept American Express Gift Cards as well.
Requesting Withdrawals using American Express at Betting Sites
Like depositing, you can use your Amex to request to move your betting account’s balance to your American Express account. Like other bank card transactions, it might take several business days to finish, but if you don’t mind the wait, you can follow the steps below to request a withdrawal using American Express.
Instructions
- Login to your betting account and head to the Cashier section
- Find the Withdrawal option and select American Express
- Enter the amount you’d like to send to your American Express account and submit the request
American Express Common Problems for Indian Users and Solutions
Unlike depositing, it’ll be much harder to find a sportsbook that will let you withdraw using American Express due to excessive exposure. Even if you find a sportsbook that accepts American Express for a deposit, there’s a big chance that the sportsbook will ask you to withdraw using other methods.
Still, you can find several sportsbooks that accept American Express for withdrawal. If you feel unsure about withdrawing using American Express, you can find another method the site allows you to choose.
American Express Betting Sites Safety and Security in India
As one of the most established payment methods worldwide, American Express must be able to provide its users with a great security system. To protect your financial and personal data that you’ve shared with American Express, the company has enforced a series of security measures. Here are several features that American Express offers to protect your account and data from third-party manipulations.
American Express Security and Safety Measures
American Express has put intelligent security systems to protect every American Express card from fraud. The company will always monitor all activities made by the card and can take the necessary precautions when it spots suspicious activities before you can report the problems.
American Express offers an active phone line you can contact whenever you want help with your account. You can call the number when you spot fraudulent transactions, experience an emergency while travelling abroad, and request an emergency card replacement if your card is stolen or lost.
You’ll also get alerts and notifications from SMS, email, and the Amex app if you have one installed. If someone accesses your American Express without your knowledge, you’ll get a notification and quickly take action to solve the problem or ask for protection from Amex.
American Express Account Security and Safety
Whenever you make a purchase using Amex, Amex will ask you to confirm your identity by using its SafeKey feature. This feature is automated when transacting with a merchant participating with SafeKey, and Amex will ask for authentication. The SafeKey feature can also automatically determine if the transaction needs more verification and send you a code by text or mail.
If a stranger is accessing your Amex account, they won’t be able to finish the transaction without you entering this code which only you get. The SafeKey feature will always work if you’re a registered American Express owner. Still, you must always update your contact details if you’ve changed your phone number or email address so you can receive the notifications properly.
For this system to work, you must download the AmEx app and turn the push notifications on. You can still receive the security code by email or SMS. Still, the app can help you monitor your account activities easier and notify Amex quickly when someone accesses your account without your permission.
Bonuses and Promotions at American Express Betting Sites
Many betting sites are generous when it comes to rewarding their customers, be it to welcome new players or reward loyal players. You can always find various bonuses when registering on a sportsbook that accepts American Express.
Each sportsbook will provide its players with different bonuses from each other. You can always find bonuses like deposit match bonuses, risk-free bets, cashback, free bets, and more. There are also some American Express betting sites that offer Loyalty Programs that can give you more bonuses.
American Express Transaction Fees in India
Some sportsbooks have specific transaction fees for each payment method they offer. These fees differ from one sportsbook to another, but you can also find several sportsbooks that let you transact for free.
American Express also won’t charge you for transactions, but each type of American Express card will have an annual fee. Each card type has a minimum transaction you must fulfil to avoid the extra fee. Credit cards, on the other hand, have a different minimum transaction requirement. If you fail to fulfil the requirement, you’ll have to pay a 3.5% fee per month. The fee applies to all American Express credit cards, excluding American Express Platinum Charge Card.
American Express Betting Sites Withdrawal and Deposit Limits
Any sportsbook that accepts American Express will limit your transactions, including making a deposit or withdrawing from your betting account. The limit differs from one sportsbook to another, and you must check with the site to be sure of these limits.
Each American Express Card also has different transaction limits depending on your card type. If you go over the credit card limit, you might be charged a certain fee depending on your card type.
FAQ
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Can I Use American Express as a payment method on betting sites in India?
Many betting sites in India accept American Express for deposits. It’ll be harder to find a sportsbook that accepts American Express for withdrawal, but you can still find one that does.
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Do I have to pay a fee to gamble using my American Express?
Each sportsbook has different terms when you deposit and withdraw from your account. Some sportsbooks charge you a small admission fee, and the amount might differ from one sportsbook to another.
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What is the minimum deposit on betting sites in India when I use American Express?
Each sportsbook has a different minimum and maximum deposit limit for every payment method it accepts. Click the cashier tab, and you’ll find your chosen betting site’s American Express deposit limit.
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