| Posted by: 38Special at September 19, 2001, 6:21 pm | | Topic: PayPal are chargeback possible? Forum: Winner Online |
I hope this gets to you without any external interference!
There are a couple of layers of things going on here that are breathing life into a player being able to use his credit card in order to get CASH, to gamble with. There are Straight out C.C.Processors. These people would handle a straight up transaction between your credit card/bank and the casino. When the banks began the crackdown on using Credit cards for gambling, this rendered the processors pretty helpless except for the Banks that are still allowing gambling purchases on cards that they issued.{Dropping like flies} The servers and casinos realizing this to be a monumental problem, a real crushing blow to the industry, started looking for ways to get around the problem. Paypal was already making a pretty showing on ebay and other big sites, so the casinos and servers got Paypal involved in gambling. Surefire put together Firepay,{QUICK!}, and essentially accomplished the same goal as Paypal.
What happens here, Lucky, is your info... | | Read Entire Entry |
| Posted by: luckystrike at September 19, 2001, 4:51 am | | Topic: PayPal are chargeback possible? Forum: Winner Online |
Many of the people that post in forums say that chargebacks are not possible when one uses PayPal. However, i know for certain that merchants experience chargeback and reversals where PayPal kind of "confiscates their money" for "fraudalent activity" I believe that the only way that PayPal will do this is in the event that PayPal itself receives a chargeback which it then transfers to the merchants. So i must conclude that chargebacks with PayPal are possible. So, why do casinos like PayPal deposits? Possibly because banks are rejecting internet gaming processing companies' deposits?
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