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>For example, online gambling is illegal in the US, but that doesn't stop legitimate (US-headquartered) credit card companies dealing with online gambling compa
by VladRussian 15y ago
>For example, online gambling is illegal in the US, but that doesn't stop legitimate (US-headquartered) credit card companies dealing with online gambling companies in the UK.
you're talking about the things you don't know about. The US processors can't legally process payments coded for gambling (some gambling operators code the transactions as "groceries", etc... - this is how the things still sometimes can fly under radar )
http://www.egrmagazine.com/news/514743/mastercard-crackdown-leaves-us-players-unable-to-pay.thtml http://www.egrmagazine.com/news/514743/mastercard-crackdown-... :
"implementation of America’s Unlawful Internet Gambling Enforcement Act (UIGEA), which bans the facilitation of online gambling by payment companies."
- barrkel 15y agoYou seem to have misread my analogy. I'm talking about US headquartered companies like Visa and MasterCard processing transactions for UK customers of UK (and Irish) online gambling companies; I do know about this, not least because I have an account on paddypower.com funded from major credit card companies like Visa and MasterCard. The analogy is with insurance companies dealing with a business which is not legal in some states. That should not stop them dealing with the business in states where it is legal.