Credit Cards
Thread Rating:
October 22nd, 2012 at 1:52:31 PM
permalink
Why don't casino's have a credit card slider
at every gaming table, like they do in every
store in the country. They take up no room,
and it would eliminate the dealer handling
cash. It would be a win/win for the casino
and the customer. They wouldn't have to carry
cash and the casino would get more play
out of a customer because they would spend
more.
at every gaming table, like they do in every
store in the country. They take up no room,
and it would eliminate the dealer handling
cash. It would be a win/win for the casino
and the customer. They wouldn't have to carry
cash and the casino would get more play
out of a customer because they would spend
more.
"It's not called gambling if the math is on your side."
October 22nd, 2012 at 1:53:37 PM
permalink
I wonder why they don't have someone in the pit that is licensed to handle real estate transactions,
so you can get a second mortgage on your house without leaving the table.
so you can get a second mortgage on your house without leaving the table.
In a bet, there is a fool and a thief.
- Proverb.
October 22nd, 2012 at 1:59:35 PM
permalink
Quote: WongBoI wonder why they don't have someone in the pit that is licensed to handle real estate transactions,
so you can get a second mortgage on your house without leaving the table.
LOL
At my age, a "Life In Prison" sentence is not much of a deterrent.
October 22nd, 2012 at 2:02:33 PM
permalink
Think about how many people would dispute the charge!!!
October 22nd, 2012 at 2:06:56 PM
permalink
Quote: 1arrowheaddrYou can do a cash advance on a credit card at pretty much all ATM's.
For a charge. At the table there would be no charge
and it would be must faster. Doesn't make sense
that they don't do it.
"It's not called gambling if the math is on your side."
October 22nd, 2012 at 2:07:58 PM
permalink
Quote: 1arrowheaddrThink about how many people would dispute the charge!!!
Just accept debit cards.
"It's not called gambling if the math is on your side."
October 22nd, 2012 at 2:10:09 PM
permalink
Quote: EvenBobFor a charge. At the table there would be no charge
and it would be must faster. Doesn't make sense
that they don't do it.
Which charge do you think you'd avoid? The credit card company would still treat it as a cash advance and not a purchase, so the only avoided fee would be the small ATM charge.
FWIW, you can't do a cash advance at any casino-based ATM in Pennsylvania. I assume there's a state law involved.
FWIW 2, it's against Minnesota state law to use a credit card to gamble. no lotto tickets or anything. But you can take an advance at any ATM.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 22nd, 2012 at 2:12:06 PM
permalink
I don't want to enter my pin in front of everyone at the table. It would also slow down the game when they get declined and then people want to argue about it. They need to figure out a way to speed personal check processing. I wait for those people all the time when trying to cash out.
October 22nd, 2012 at 2:17:13 PM
permalink
The 3% transaction charge the CC company charges would take a part of the edge from the house. I buy in for $100... the casino only gets $97 from the CC company...
Then again, how much does cash handling cost the casino? There's a simplicity for the end user with Cash. Or at least there was.
Then again, how much does cash handling cost the casino? There's a simplicity for the end user with Cash. Or at least there was.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 22nd, 2012 at 2:20:49 PM
permalink
Quote: thecesspitThe 3% transaction charge the CC company charges would take a part of the edge from the house. I buy in for $100... the casino only gets $97 from the CC company...
.
Only allow debit cards. No charges.
I think the casino doesn't do it because they
can't hide the charges from the gov't like
they can hide cash.
"It's not called gambling if the math is on your side."
October 22nd, 2012 at 2:25:12 PM
permalink
Quote: EvenBobWhy don't casino's have a credit card slider
at every gaming table, like they do in every
store in the country. They take up no room,
and it would eliminate the dealer handling
cash. It would be a win/win for the casino
and the customer. They wouldn't have to carry
cash and the casino would get more play
out of a customer because they would spend
more.
I think it's because they dont have to or need to. Its not worth the headache with credit card fraud and disputed charges. I could only imagine the amount of martingales and angry gambling that would take place if you could just swipe a card at the table.
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because."
— E.E. Cummings
October 22nd, 2012 at 2:31:44 PM
permalink
Quote: WongBoI wonder why they don't have someone in the pit that is licensed to handle real estate transactions,
so you can get a second mortgage on your house without leaving the table.
In-house pawn brokers would be handy too.
Sanitized for Your Protection
October 22nd, 2012 at 2:33:23 PM
permalink
Here's an alternative: have bill breakers also be able to issue "temporary" debit cards (similar to how some casinos have machines that issue players' club cards on the spot), so the players don't have to bother the dealers with credit card transactions.
I can see a number of problems with this; the most obvious one, in my opinion, is delays when somebody gets a card that just doesn't want to be read by the table's reader.
I can see a number of problems with this; the most obvious one, in my opinion, is delays when somebody gets a card that just doesn't want to be read by the table's reader.
October 22nd, 2012 at 2:35:22 PM
permalink
Quote: WongBoI wonder why they don't have someone in the pit that is licensed to handle real estate transactions,
so you can get a second mortgage on your house without leaving the table.
Funny you should say this, I met a mortgage broke I will use by dealing to him.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
October 22nd, 2012 at 2:44:16 PM
permalink
Quote: ThatDonGuyHere's an alternative: have bill breakers also be able to issue "temporary" debit cards (similar to how some casinos have machines that issue players' club cards on the spot), so the players don't have to bother the dealers with credit card transactions.
I can see a number of problems with this; the most obvious one, in my opinion, is delays when somebody gets a card that just doesn't want to be read by the table's reader.
At Turning Stone in NY, slot players load cash onto their players' card to use on the slots. The gaming machines do not accept cash, and the slot cards must be reloaded at the aisle-end atm-style machines. But, table games still take cash only. I could see Turning Stone and others going to an all-card system, but still relying on the stored-value card system rather than a debit/credit card system.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
October 22nd, 2012 at 2:55:19 PM
permalink
Quote: EvenBobWhy don't casino's have a credit card slider
at every gaming table
They can't -- CC companies don't accept gambling charges. In the wake of a many disputes and chargebacks in the early 2000s, plus the passage of UIGEA, CC companies stopped taking charges coded with gambling transactions (online or otherwise). There's no question that swiping a CC at a table or slot game would significantly streamline operations (and virtually eliminate parking-lot theft), but CC companies won't let it happen.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice."
-- Girolamo Cardano, 1563
October 22nd, 2012 at 3:33:01 PM
permalink
Quote: EvenBobOnly allow debit cards. No charges.
I don't think this is actually true...
Quote: EvenBobI think the casino doesn't do it because they
can't hide the charges from the gov't like
they can hide cash.
Of course it is.
Most casinos let you back up markers with major credit cards, don't they? Isn't that pretty much the same thing? It's just consolidated, so the dealers don't have to put up with it...
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
October 22nd, 2012 at 3:46:57 PM
permalink
I'm almost positive that debit cards cost the vendor something.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
October 22nd, 2012 at 3:54:23 PM
permalink
Yes..
The slot machines/etc are on an intRAnet
The ATM machines are on an intERnet
The two do not mix.
The slot machines/etc are on an intRAnet
The ATM machines are on an intERnet
The two do not mix.
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
October 22nd, 2012 at 3:56:15 PM
permalink
They can't be bothered using some bank and paying transaction fees and personnel costs.
dirty cash
dirty cash
In a bet, there is a fool and a thief.
- Proverb.
October 22nd, 2012 at 4:19:17 PM
permalink
I'm actually with EvenBob on this but I would approach it a little differently. In slot machines, right now, you can convert you US Dollars into Casino Credit. When you "cash-out" you get a slip a paper, a worthless IOU if you will, redeemable only within the same casino.
The casinos could expand that paradigm a bit. Right now, the casinos extend secured credit in the form a markers to any gambler with a credit card. Sometimes they extend credit without securing it but that's special cases (like Wynn did with the Girls Gone Wild schmuck). If the casino issued a credit balance to the customer in advance, then they could simply request more chips at the table.
Actually, I think I just described markers, nevermind.
The casinos could expand that paradigm a bit. Right now, the casinos extend secured credit in the form a markers to any gambler with a credit card. Sometimes they extend credit without securing it but that's special cases (like Wynn did with the Girls Gone Wild schmuck). If the casino issued a credit balance to the customer in advance, then they could simply request more chips at the table.
Actually, I think I just described markers, nevermind.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
October 22nd, 2012 at 10:48:58 PM
permalink
Quote: EvenBobOnly allow debit cards. No charges.
It's a fee per usage (and pretty low, 12 cents in Canada as I recall, and a bit more in the US... there was some move to cap the charges a year ago, and some banks started charging a per-month debit card fee to customers. I don't recall reading how it panned out). But the small fee would be something I'm sure a casino could swallow in return for lowering the cash handling charges.
But with debit you aren't getting the vast untapped wealth of what a patron can borrow, rather than what they have, and where's the fun in that for the casino?
....
Someone else mentioned the intranet/internet thing for payments on the slots... very good point. Every new gateway is a point of attack. But for table games, a card swipe would be ideal. Why not cards that can be loaded and unloaded specially for the casino? Loaded at a central point, swipe into the game for chips, and swipe out when cashing out?
That said, I prefer the cold hard cash.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 23rd, 2012 at 3:48:39 PM
permalink
Quote: thecesspitIt's a fee per usage (and pretty low, 12 cents in Canada as I recall, and a bit more in the US... there was some move to cap the charges a year ago, and some banks started charging a per-month debit card fee to customers. I don't recall reading how it panned out).
All the banks who proposed the per-month debit card fee were swamped with pissed-off customers and changed their tune. At least Wells Fargo did...not sure about the others. It was a real chicken-shit move on the banks' parts to begin with.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
