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Old 02-07-2007, 11:34 AM
Billman Billman is offline
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Join Date: Nov 2003
Location: Huggling
Posts: 425
Default Re: How about Cardplayer getting into the processing business ??

The problem with those phone cards is that in the US a card is either single purpose or multi-purpose. If the phone card can only be used to purchase phone service then it's considered to be a pre-payment for services. If you can use the phone card to purchase any sort of item (e.g. something other than phone time) then it's considered to be a debit-like card and the US gov has traditionally stated that US banking laws now apply.

So you won't likely see any US company offering these. Overseas companies might but this is not a new idea and the US has been pretty successful in keeping these things to a minimum, at least as far as US residents are concerned.
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