NeTeller buys card processor

[bigboydan]

maybe they be able to get more cards through maybe,I doubt it though for US customers

Online payment specialist NeTeller has boosted its presence in the UK with the acquisition of credit card processor Netinvest and its subsidiary Netbanx for £12.36m

Founded in 1996, Netbanx has relationships with all of the major UK acquiring banks, as well as **********, ****, American Express, Diners Club, Pago and Euroconex.

It currently processes approximately £10m of credit card payments each month and reported a profit of £1.13m for the 18 months to June.

"Netbanx will provide NeTeller with the ability to process its own credit card transactions, retaining a greater proportion of margin in-house," chief executive Gord Herman said.

[Bill Dozer]

Maybe they can pass on some of that saving to the book and/or us. I doubt it though.

[onlooker]

Maybe they can pass on some of that saving to the book and/or us. I doubt it though.

I wouldnt count on it.

[bigboydan]

if anything they will up the fees to get there money they just shelled out to buy the processing service.

[pags11]

from what I understand, they don't take most American credit cards, for fear of chargebacks...or it could be the banks on the other end not wanting to conduct business with online casinos...

[Quarm]

Maybe they can pass on some of that saving to the book and/or us. I doubt it though.

its time for a new way to spend neteller points, so we can care for them again

[pags11]

neteller points are the biggest scam on the planet...I remember when I got fired up at first, only to learn they wouldn't get me jack crap...