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  1. #1
    joe176 is offline New Member
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    Default how to? new site merchant account setup

    i am looking for information regarding what is necessary for setting up merchant accounts firepay etc. we have incorporated and set up a bank account in the carribean and will be hosting in costa rica. what do we need to use as our gaming license in establishing merchant accounts. its my understanding that u dont need a gaming license to operate out of costa. is it simply a matter of getting a corporate license in costa? thanks in advance.

  2. #2
    MichaelCorfman's Avatar
    MichaelCorfman is offline GPWA Executive Director
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    Joe176:

    The GPWA is a site oriented toward gaming portal site owners rather than toward online gaming site operators. The members of this site actively promote online gaming sites.

    In terms of legal issues, I do believe you are correct that there is not a separate gaming license required, only a business license. However, I am not an attorney, and would not myself set up such a site without getting competent legal advice.

    Operating a successful online gambling site that members of the community here would be willing to support and promote requires a level of professionalism, and consultation with experts, rather than just trying to cobble something together on your own. I say this because if you don't intend to make a level of investment where professionals are involved in the process, they you should be told up front that you are underestimating the complexity of actually operating a casino, and that the investment you do make is almost certain to be money just flushed down the drain.

    Sorry to be so blunt, but I hate to see people get in over their head before they really understand what they are getting themselves into.

    Michael
    GPWA Executive Director, Casino City CEO, Friend to the Village Idiot

    Resources for Affiliates: iGamingDirectory.com, iGamingAffiliatePrograms.com, GamingMeets.com

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