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  1. #1

    Default NeTeller buys card processor

    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 CC 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 **********, ****, AMX, Diners Club, Pago and Euroconex.

    It currently processes approximately £10m of CC 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 CC transactions, retaining a greater proportion of margin in-house," chief executive Gord Herman said.
    Last edited by Bill Dozer; 12-09-06 at 11:41 AM.

    SBR Founder Join Date: 8/10/2005


  2. #2
    Bill Dozer's Avatar Administrator
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    Maybe they can pass on some of that saving to the book and/or us. I doubt it though.

    SBR Founder Join Date: 7/12/2005


  3. #3

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    Quote Originally Posted by Bill Dozer
    Maybe they can pass on some of that saving to the book and/or us. I doubt it though.
    I wouldnt count on it.

    SBR Founder Join Date: 8/10/2005


  4. #4

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

    SBR Founder Join Date: 8/10/2005


  5. #5

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

    SBR Founder Join Date: 8/18/2005


  6. #6

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    Quote Originally Posted by Bill Dozer
    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

    SBR Founder Join Date: 10/3/2005


  7. #7

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    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...

    SBR Founder Join Date: 8/18/2005


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