The payment processing dilemma

[MichaelCorfman]

The world of online payment processing just got a lot more complicated. Do you know how you are going to receive your payments given the changes of the past week?

[matted]

Very good question - I was just about to post this exact question.

It seems there are three options
1. Checks. Some places aren't willing to FedEx (no tracking and more wait time, I can picture more "it's stuck in the mail" excuses). Then you might get a bad check and have to pay those fees. The minimum to payout is also higher.

2. Wire Transfers. Fast payment, but need to get info from your bank and I think an excess of wires coming in from gambling companies is suspicious. The limits are very high or the companies charge crazy fees (I saw one place which charge at least $100 in fees to get a wire transfer)

3. Hodgepodge of EWallets. You have to manage at least 3 or 4 online accounts and remember who is supposed to pay to which one. And then you need to figure out how to get the cash out of each one.

I was hoping some people had advice on other alternatives... Or some other way I could ease my fear of getting 10-20 payments direct to a US bank from gambling processors each month.

[big fish]

this is one of the most frustrating blows we have seen in this industry so far. hopefully things will turn around soon, but even i am frustrated at the moment and i am the eternal optimist. right now i am not sure how i am getting paid from more than one program...

[pgaming]

If all else fails the good old fashion check works. I have received some commissions via check. Sometimes they arrive quicker than you think, usually before the 15th of the month.

greek39

[VPJunkie]

BigFish, I'm also very frustrated and stressed over this onslaught of intimidation & hysteria - not something I usually fall victim to, either. But I know I'll get thru it.

Fortunately I had several accounts open that I had done for research purposes some time ago - now it's coming in handy. I've rerouted payments to several places & accounts - and am having to re-reroute some of them again. What a pain.

[magyck0ne]

I have been doing online gaming promos in the U.S. for years now. At one point in the early days, there was no Neteller, Payspark, Click2Pay or others to process your commissions. I received checks via snail mail.

Yes, I too would sometimes get the old "the checks in the mail" routine but the online establishments that tried to pull that one usually were dishonest from the beginning and their promos were pulled from my site with the first non-payment of commission.

In other words those honest casinos always sent my checks in full in the time frame stipulated in the original contract. And to this day, I still give those same honest casinos the best ad space on my pages and I’m sure that they will continue to not only pay me on time each month, but also notify me when they have a better affiliate payment option in place.

To make my long story a bit shorter, some of us made money before Neteller and soon enough we will get a new alternative.

Until then, I suggest all U.S. affiliates use ACH deposits and Checks.


Magycksysop
http://www.casino-magyck.com

[big fish]

the problem is some programs are not sending checks or even ach anymore. this is getting really bad if you do not have another alternative to neteller, which i do not.

[MichaelBluejay]

I don't see an option for "I don't have to change anything, because I wasn't receiving commissions through Neteller anyway."

[MichaelCorfman]

I don't see an option for "I don't have to change anything, because I wasn't receiving commissions through Neteller anyway."

Michael:

Thanks for pointing out the deficiency in the poll. I have now added a new option to match the situation you requested, although a somewhat more general fashon since Neteller is not the only payment option that has been discontinued for US accounts.

Michael

[kenonut]

Big Fish, I am right there with you. I don't have another payment processing account that accepts gambling transactions. Referback and Rewards Affiliate managers are both working on getting me an account with PaySpark/EziPay, which they say they can do, so let's see who can really make this happen. I have an EcoCard and a DirectNetPay account, but right now there aren't any of the affiliate programs that I have made money with that are using these methods, so its either a check that I might not be able to cash or nothing, as it stands right now.

Has anyone had any discussions with Fortune Affiliates about their very restricted list of payment options? Not paying in US dollars really sucks, especially since if you don't have a Payspark or Click2Pay account the only other option is check ($1,000 minum and $50 fee in Canadian or Euro dollars) and I think wire transfer (also $1,000 mininum and a fee). What the heck am I going to do with a check made out in Canadian dollars or Euros? I am already skeptical about presenting these checks to my bank in US dollars, so do we really need to give the banks another reason to become suspicious? I really would like to find another alternative to checks if at all possible.

[chill]

Michael, you also forgot the option:

I've had it, im moving abroad