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Heath Korvola/Getty Images Cash is king when it comes to pot.
Credit card companies don’t make the distinction between those who want to buy marijuana for medical reasons and those who buy it for recreational purposes.
Visa declined to comment, while Mastercard and Discover did not respond to inquiries about their online pornography purchase policies. that permit customers to gamble directly with credit cards,” says Steve Doty, a spokesman for the American Gaming Association.
Adam Gault/Getty Images If you need chips for that high-stakes poker game, better bring cash. However, credit cards do allow cash advances from ATMs, he says.
“American Express’ policy does not allow the acceptance of the card for digital adult content,” says Leah Gerstner, a company spokeswoman.
Visa and Mastercard declined to comment on their policies toward purchases of lottery tickets.
One reason for the ban: Am Ex says customer disputes with online adult-industry companies increased administrative costs.
The ban extends to American Express gift cards and prepaid cards as well.
These funds can then be used to buy chips or inserted into an electronic gaming device like a slot machine.
Keep in mind the high cost of a credit card cash advance.
“Lotteries often leave the decision up to the retailers,” says Tom Tulloch, director of administration for the North American Association of State and Provincial Lotteries.