 | View Full Version : Credit Card Prcessing for Gambling Site bugsoft 06-03-2005, 07:05 AM Hi, Can anyone make recommendations Credit Card Prcessing for Gambling Site $4 million a day volume Uncoded processing What does Uncoded processing means? I don' tknow what it is :) touol 06-03-2005, 08:28 AM It means your merchant account has 7995 code and when you charge clients cards then that code is sent along with the transaction data. The acquiring bank accepts the code and decide wether decline or approve the transaction. Most US banks will decline the transaction because the Internet gambling is illegal in US. Some European banks will decline you too. Uncoded processing means you don't have the code and your transaction will be approved if the card is in good standing. You will have any code rather than 7995. Some banks in Europe do that but the solution costs money (about 10k initially) and processing rates from 5.5-8.95% Corey Bryant 06-03-2005, 08:30 AM What country is it based in? You might be looking at a set-up of about $1,500 and and the discount rate varies. Have they registered with a gaming commission? And if so, which one? RiskPayments 06-03-2005, 09:55 AM Mis-coding transactions can be dicey. And highly unstable. You might want to check out an alternative to credit cards, like FirePay or NetTeller, or look into getting a coded solution (A lot of issuing banks will auto-decline, but its much more legitimate and stable). Although, I am guessing at $4 mil/day they must be using these already. bugsoft 06-03-2005, 10:32 AM Country: Canada Gaming commission: Canada Indian Reserve / http://www.kahnawake.com/gamingcommission/ Soverign law of the indians bugsoft 06-03-2005, 10:34 AM No problem for setup if the terms and conditions are right bugsoft 06-03-2005, 10:38 AM It must be Uncoded, althought a mix is in place but most of transactions are Uncoded RiskPayments 06-03-2005, 10:41 AM I can refer you to a coded solution, or give you some contact names at FirePay (they are in Montreal), if you want more info. Can't provide reliable uncoded, though. Unfortunately. bugsoft 06-03-2005, 10:47 AM They already use NETeller, myCitadel, FirePay We are talking about top 3 casinos in the world. JBU2010 06-03-2005, 01:16 PM Netteller, mycitadel and firepay? That's what they use? bugsoft 06-06-2005, 06:19 AM Netteller, mycitadel and firepay? That's what they use As an Option. Meaning they also support it. gman1 06-30-2005, 10:39 AM Paulo, I am in the same boat as you.... I am trying to find someone to process credit cards on my BINGO site.... I have been searching for over a month.... Using 3rd party companies only such as firepay, will not cut it.... gary bugsoft 06-30-2005, 10:54 AM Well, Corey refered ECS from London but they are unable to help us. Haven't got any feedback yet. Still looking :( ajaybp 09-24-2010, 09:21 PM any of you have any good options for uncoded? fcfpayments 09-28-2010, 10:47 AM Hi, Can anyone make recommendations Credit Card Prcessing for Gambling Site $4 million a day volume Uncoded processing What does Uncoded processing means? I don' tknow what it is :) You will need to seek a solution outside the USA such as Panama, Belize, Germany, Spain. RxNetwork 09-30-2010, 01:08 PM all not-coded processing is illegal |