What do you think: idea for legal processing payments?

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Hey, guys! I'm a CEO of some online gambling service. I (like all of us) have periodic problems with the processing of our users payments. PayPal blocked our account, modern processing payments gateway (for example, Stripe) blocked too and we can't use it because they do not allow our business way. I think I found a legal and good decision (for my company 100%). 

 

All of us use user balance on our sites (sites #1). I created a third-party online service (Site #2), who sell the gift cards. 

Our users (from site #1) can buy this cards (on site #2) very easy via US, Europe and Russian credit card, PayPal, and refill their balance on site #1 via special gift card code (we use simple API and iFrame widget for this which integrated into site #1). This widget works very simple - site #2 check requests from site #1, check gift card code and return the server answer with the card code status and nominal of card. If everything is "OK" site #1 refill user account on summ of the balance of the card.

 

And we have this scheme - the site #2 sell a gift card and collect money from partners #1 users. Twice in months, we send all money from site #2 company to site #1 company.

 

Gift card - absolutely legal business and nobody can disallow in this business activities.

 

Now this is a two companies - my #1 and my third-party #2. All companies conclude a partner contract between together. 

 

Now I think about expansion and I want to ask gamblers businessman's - how do you think, the site #2 service will be interesting for other online gambling or bookmaker companies (not only for my company)?

[partyhummel]

Heyho, Vlad,

 

I think it´s interfesting for those using regular creditcards (which often limit daily deposits to onlinecasinos to the daily amt limits) - so for all who do not use or are axcluded from using the common ewallets...

 

I really like that construct. Its a very smart way to open possibilities for US players to deposit. As A customer however I would be very cautious if also payouts are processed thru the giftcard company. since I think they might possibly not operate a seperated funds-system etc. It also keeps the actions of cardholders much better in secret.

 

One of my rtg favourite groups - i think they offer some giftcards, too. However I never took a closer look, since they accept neteller.

 

Sometimes I am worried about the ewallets, too, btw since they have extremely less strict regulations than banks... so never a good idea to have serious amounts parked there... imho.

 

have a great night.