david92506
Dormant account
- Joined
- Oct 5, 2011
- Location
- USA
I'm wondering if other members on CM are confused as I am about processors and I'm hoping other people will ask questions about them too.
1. If I owe 20 people money and I go to The Bank of America and say, "Wire these 20 people money" is the Bank of America the Processor?
2. When casinos say, "We are having processor problems and there will be a delay in payments" are they actually saying, "We are having problems with our bank and can't send the money right now?"
3. I assume online gambling is legal in their country. So why would a casino have "processor issues?"
4. Why can't a casino go to their checkbook and write a check like any other business? Are their checks not acceptable in other countries?
5. With all the wire transfer problems, why can't the casino have the bank issue a cashiers check, a moneygram or some other form of check that is acceptable world wide?
1. If I owe 20 people money and I go to The Bank of America and say, "Wire these 20 people money" is the Bank of America the Processor?
2. When casinos say, "We are having processor problems and there will be a delay in payments" are they actually saying, "We are having problems with our bank and can't send the money right now?"
3. I assume online gambling is legal in their country. So why would a casino have "processor issues?"
4. Why can't a casino go to their checkbook and write a check like any other business? Are their checks not acceptable in other countries?
5. With all the wire transfer problems, why can't the casino have the bank issue a cashiers check, a moneygram or some other form of check that is acceptable world wide?