Like all contracts, the formation begins with offer and acceptance. The making of an offer to enter into a binding agreement with another person followed by the communication of an unconditional acceptance of that offer by the person to whom it is made. There must also be the intention on the part of the contracting parties to create a binding agreement. How does this translate to contracting with online

According to Geist, payment systems suitable to the electronic format are also required. That is to say that many online gaming sites came up electronic cash alternatives. Before examining some of these alternatives, one must look at the most current favored method for electronic commerce payments-the credit card. The use of a credit card raises many concerns when contracting online. Firstly, the use of a credit card does not provide much protection for minors. That is to say that it is extremely easy for children to have access to credit cards. The protection of minors is something that will be addressed later on. Secondly, some credit cards refuse to honor gambling purchases. According to Turner, purchasers are asked for the name of the bank that supports their credit card because of a case in California where a woman refused to pay her credit card. She claimed that she didn’t have to pay because Internet gambling was illegal. As a result, credit card companies will not process the transaction. In addition, credit card companies are faced with “charge backs” or disputes from their customers. Charge backs refer to unhappy customers initiating a dispute of a charge that has shown up on their statement. Sometimes the charge back isn’t initiated by the individual card holder but instead by the card-issuing bank. Due to this, the casino will no longer be protected against fraud and non-payment. Due to the above, electronic cash alternatives provides a better solution of payment over the Internet. One of the most basic forms of payment is the access card. This card is similar to a debit card whereby a fixed store of value has been set aside for the card, which is used to access it. For example, Rumba Casino came up with a stored value debit card. The major problem that casinos are facing is a shut down of all major credit cards plus the problem of charge backs. Therefore, this innovation helps avoid such problems. Once funds are posted to it, you can go to any ATM in the U.S. that is on the Pulse, Cirrus, Star, or NYCE networks and withdraw your funds. You can also call the customer service number listed on the back of the card and have the funds transferred to your personal checking account. Although this method is sufficient, it is still rather costly. According to Turner, “cashing out” is a two step process. One must keep in mind that “cashing out” refers to the purchasers right to get paid. Firstly, one must cash out from the casino and then from the online bank like EzCash. “Cashing in” is posted to ones credit card immediately; however, cashing out may take another month or so. That is to say that, purchasers may have to wait a long time before they get paid. Once again, this is due to the fact that credit card companies are refusing to process the transactions that are being made. Interestingly, one might have to wait in line before an online cashier actually responds to your request. Does one ever see their winnings? There are never any guarantees but it is always a good idea to make sure that customer service is available. Customer service providers is an indication that the gaming site is legitimate and running properly. This is because customer service is often costly and therefore not available on all sites. That having been said, if a site provides such services, one can be sure that the site is a reputable one.

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