Written by :
Published on :
Responding to a report filed by eGaming Review this past week, the world's largest online poker room PokerStars.com insisted it does not recode credit cards in order to hide online gambling related charges.
PokerStars does not, nor ever has engaged in the practices of mis-coded credit card transactions. We have therefore been unaffected by any crackdown by Visa or MasterCard to close down such mis-coded processing accounts.
"We allow the issuing bank to decide whether the transaction should be approved or declined according to the correct coding of that transaction as 7995. The only way that PokerStars is affected by credit card declines is when issuing banks in the United States (or indeed any other country) decide that they will decline 7995 coded transactions. In such instances it is company policy to provide the player with an alternative payment method."
The story surfaced following news that Mastercard would be aggressively blocking online gambling charges during Super Bowl weekend.
eGaming Review has since apologized to PokerStars for any misunderstanding.
Ace King, Gambling911.com
