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Credit card query

Discussion in 'Online Casinos' started by DaGambler, May 20, 2004.

    May 20, 2004
  1. DaGambler

    DaGambler Dormant account

    HI, Was wondering if anyone could help me...
    I work for an online casino and I was appointed a task to dig up some information with regards to credit cards. I need to find out;
    1. The difference between Visa and Mastercard.
    2. The benefits and disadvantages(player and casino perspectives).
    3. The limits and document concerning credit card deposits.

    All this information must be in connection with online casinos. Does anyone know of a useful site I could browse through where I could pick up the relevant info...

    Thanks in advance
     
  2. May 20, 2004
  3. marcolino

    marcolino Dormant account

    Location:
    Italy
    I task that you can ask directly to Visa and Mastercard
     
  4. May 23, 2004
  5. Demiurg

    Demiurg Dormant account

    Location:
    Hawaii
    still searching for answers?

    Well, what you ask differs from country to country - so please be more precise. In US most casinos are coded (in fact they have to be) as online gambling, that means that the acquirer/processor (these are the one collecting the payment information) are sending the payments to the card issuing bank flagged as "gambling transaction". Most (all?) US banks reject credit card payments coming from online casinos.
    That is how payment specialists like Neteller, Firepay etc. are making there money - switching to alternate payment methods (which are much more vulnerable against fraudsters) and building up a waterproof system that follows strict rules to ensure that
    - casinos get their money
    - identity theft is prevented
    - payment can be collected
    ...and all of this without blocking honest gamblers :)
     

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