Dennisa
09-30-2006, 01:48 PM
Since these are our 3 major sources of funding financial poker transaction, and are subject of being blocked from US financial transactions I would suggest the following free advice.
Within 30 days from today, they need to announce a new payment gateway for Ebay. Initially to gain Ebay market share their gateway needs to be free for 90 days and then pernamentally offer their services for their financial transaction gateway at a 50% discount to paypals pricing.
I believe to be have any chance of being exempted from the current legislation, they have to prove they are not primarily a gambling transaction company. Most poker hobbiest from the US use the above 3 companies for the banking transactions to poker sites. They need to give the banking industry a reason to keep the pipeline open for financial transactions. If neteller is the 2nd leading transaction gateway on Ebay, it may be enough.
Although I do not have verified information, I would venture to guess IGM Pay is technically a different company from Party Poker.
I am also aware many Ebay sellers are not very happy with the paypal gateway as they are not that competative with their fees. If Firepay, Neteller or some other company announced Merchant Fee Free processing thru the Christmas season, you would see many of the largest Ebay sellers encourage switching to these new processing companies. Its just an idea, bottom line is Neteller et all needs to immediately diversify their transaction portfolio if they have a chance to continue to have an open pipeline to US ACH banking networks.
Dennisa
Within 30 days from today, they need to announce a new payment gateway for Ebay. Initially to gain Ebay market share their gateway needs to be free for 90 days and then pernamentally offer their services for their financial transaction gateway at a 50% discount to paypals pricing.
I believe to be have any chance of being exempted from the current legislation, they have to prove they are not primarily a gambling transaction company. Most poker hobbiest from the US use the above 3 companies for the banking transactions to poker sites. They need to give the banking industry a reason to keep the pipeline open for financial transactions. If neteller is the 2nd leading transaction gateway on Ebay, it may be enough.
Although I do not have verified information, I would venture to guess IGM Pay is technically a different company from Party Poker.
I am also aware many Ebay sellers are not very happy with the paypal gateway as they are not that competative with their fees. If Firepay, Neteller or some other company announced Merchant Fee Free processing thru the Christmas season, you would see many of the largest Ebay sellers encourage switching to these new processing companies. Its just an idea, bottom line is Neteller et all needs to immediately diversify their transaction portfolio if they have a chance to continue to have an open pipeline to US ACH banking networks.
Dennisa