Amex—>Paypal—>Sportbetting/Poker
Apr 20, 2020, 10:50 pm
#1
Original Poster
Join Date: Apr 2020
Posts: 8
Amex—>Paypal—>Sportbetting/Poker
Anyone got experience with depositing money using Amex to paypal and depositing it to poker sites and getting points !? Is there any limit to gambling related deposit per months ?!
FYI I play and stake a couple of people and just got an Amex so I’ve got a pretty big spend on deposit each month so would be sweet to get points .
FYI I play and stake a couple of people and just got an Amex so I’ve got a pretty big spend on deposit each month so would be sweet to get points .
Apr 26, 2020, 8:49 am
#5
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,438
Do your gambling sites take Amex or is there a fee to the person making the charge (from Amex or the sites themselves) for using a credit card?
I suspect that I know the answer to the following question but since..........
I know nothing about this but if the gambling sites behave like any other merchant selling an item (in your case chips), then why not just charge the chips to Amex rather than going through an intermediary?
I suspect that I know the answer to the following question but since..........
I know nothing about this but if the gambling sites behave like any other merchant selling an item (in your case chips), then why not just charge the chips to Amex rather than going through an intermediary?
May 2, 2020, 9:05 am
#7
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,438
)If you are staying at a casino, can you charge your chips to your room bill.
If you paid your room bill with an Amex card, would the hotel charge with the chips added in be considered a partial cash advance?
May 2, 2020, 5:58 pm
#8
Join Date: Jul 2014
Location: London, UK
Programs: Nandos Chillis
Posts: 196
This might be another dumb question but (peripheral to MSing but a possibility if the correct answer comes up)
If you are staying at a casino, can you charge your chips to your room bill.
If you paid your room bill with an Amex card, would the hotel charge with the chips added in be considered a partial cash advance?
)If you are staying at a casino, can you charge your chips to your room bill.
If you paid your room bill with an Amex card, would the hotel charge with the chips added in be considered a partial cash advance?
I'm sure people are rinsing Amex through bookmakers but the problem is what happens when they put you through financial review.
May 20, 2020, 1:12 am
#9
Original Poster
Join Date: Apr 2020
Posts: 8
"I see you recived $100k from Pokerstars the last year"
"yea i won it playing poker"
May 20, 2020, 4:21 am
#10
Join Date: Jul 2014
Location: London, UK
Programs: Nandos Chillis
Posts: 196
Well they can end their business relationship with you for breach of T&Cs. Not sure about USA but Amex in the UK prohibit the use of their cards for gambling.
May 20, 2020, 4:51 am
#11
Original Poster
Join Date: Apr 2020
Posts: 8
That’s the whole point with using Amex + PayPal / curve / Revolut , it doesn’t come up as “deposit gambling site x” So how Amex would ever get to know you’re using Amex to deposit on gambling site is impossible .
May 20, 2020, 8:01 am
#12
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,438
You want to put your Amex card on PP, and then use PP when "buying chips" through one of your above mentioned gambling sites.
You then would "cash in" your chips and deposit the money "somewhere" to pay the Amex bill.
Let's look at the hoops you have to jump through to make this work.
1. Using your Amex card on PP. I do not see any problem with this.
2. Buying chips on line using PP. I have no idea whether you can actually do this with PP, but let's assume you can. How much are you going to be able to buy? I bet (no pun intended) that PP will have a hard limit for this. You also need to check the PP fee since this is not like buying a toaster on eBay. MS works on a very slim margin and fees may make it impossible to do this scheme profitably. Furthermore, since you are in Sweden, not only are there PP fees, but I suspect that there may also be currency exchange fees that Amex or PP or both may tack onto the transaction.
3. Having Amex pay PP. This shouldn't be a problem but PP can be very malignant when they think that hanky panky is going on, so I suspect that doing a couple of hundred dollars a month would be theoretically doable, but tens of thousands would not.
My impression is that this is dead from the get go. The above is a method that could be done to launder illicitly obtained cash into another form of currency and, sad to say, but gambling chips (either real or virtual) is another form of currency. Both PP and Amex recognize this and probably have hard stops to prevent these sorts of financial transactions (whether legal or not) from going forward.
However, with that being said, please try it and let us know how you fared.
May 23, 2020, 12:53 pm
#13
Join Date: May 2009
Location: EWR
Posts: 884
All of my PayPal transactions on my statements show up as PAYPAL *(merchant name). So Amex could find out if it posts at "PAYPAL *Pokersite.com"