Casino Banking Online?
Hi, I have a question about something that has been bothering me forever! No Casinos in possession of banking licenses? If accept deposits on accounts with multiple users, without a doubt that classifies as a bank in banking regulation? How does a deposit at an online bank? When the funds will transfer money into your bank account / merchant account or held "virtually" to its use? Just curious as to where my money goes when it leaves my account and used before …. Hmmmm ______________________________________ online, so if your payment processor im trying to understand: P any idea no? (System Architecture, etc)
Under normal circumstances, the online casinos using payment processors to handle their financial transactions. Online casinos themselves do not have banking licenses. payment processors may have some type of license, but I'm not sure. Processors are commonly used by online casinos are eWalletXpress, ePassporte, PIC-Club, Neteller, Moneybookers, Firepay, etc.
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