|
Not saying it's ok to charge for checks - the cost needs to come from elsewhere in their budget.
But - it costs a bunch for an online gambling place to make payments these days. It's not as simple as it is for you and me to mail a check - it has to be funnelled through two or more processors who charge an arm and a leg due to UIGEA.
From what I see in this industry the UIGEA has given raise to a band of cutthroat processors, and the casinos/bingos/pokers have no choice but to pay up. Processors can charge whatever they like nowadays.
It's a shame but was predictable - prohibition gives raise to crime, always has and always will.
Let's hope that the fact that the US banks will not implement UIGEA as instructed will pave the way to regulation...
|