Tag Archive: fraud

When you make a deposit in a regular and reputable online licensed casino, you are willing to take a calculated risk that the casino in question will not run off with your funds. That's because the gaming license covers you for any bad behavior that might end up costing your bankroll. But an offshore crypto casino feels no such obligation towards their customers. You have no idea whether their games are fair or how seriously they take their financial responsibilities with your cash.

First and foremost, all online casinos are businesses. As such, they rely on new players becoming repeat customers. With so much competition between online casinos for new customers, the chances of these businesses cheating are pretty much zero. After all, what's the point of making a huge financial commitment to establishing an online casino, only to throw away its reputation by committing fraud against its customers? Losing players often feel sore and so assume the casino cheated them.

In many ways, it's not surprising that online gambling is such an attraction for fraudsters. The fact that huge sums of cash are being transferred from players to online casinos constantly, is just too much of a temptation. They try to insert themselves between these two parties in order to extract cash. But without a doubt, the most common method is to make use of the ubiquitous credit card. Keep in mind that it's not just the fraudsters taking advantage. Casino players also make chargebacks.