RE: UKNM: Credit card fraud

[Ben Thompson]

Andres,


No dig was intended. The usual internet solution is to separate the casino

from the credit card facilities (so that any gambling is separate to the

processing).


Of course there is also a great difference between gambling for profit and

gambling to raise funds for charity especially when the debit is not Fred

Casino Inc but is the Red Cross. Somehow I don't think as many chargebacks

are likely to occur.


Ben


Andres Varela wrote:


> Ben Thompson wrote

>

> >Concerning gambling it is probably worth mentioning that

> gambling via Visa

> >and MasterCard is a breach of their merchant service agreements and banks

> >can be removed from the network for breach of this term. And, yes, I have

> >done my research (http://www.firstlive.com was the last piece of contract

> >work I did).

>

> Not sure if you're wrong or we're a special case then.  Visa is

> actually our

> players' most popular card, and in fact (I'm told by the accountants and

> techs) we're beta testing all kinds of SET gubbins for Visa in

> Switzerland.

>

> Perhaps we're an exception because we've got a government license and the

> transactions are paid straight into a Red Cross bank account.  We

> certainly

> have a ridiculously low cost per transaction (on all cards) for

> that reason.

>

> -A/

>

> ---------------------------------------------------------------------

> Andres Varela  - The Electronic Fundraising Company

> 5 St Mary Abbot's Place - London W8 6LS

> (t) +44 171 603 7737    (f) +44 171 603 7481   (m) +44 7970 833404

>


http://www.millions2000.com/