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Guys it appears one or more of the major processors are withholding funds from the casinos. The amount of money being held is significant and is effecting many of the larger groups. We have been told this by operators and received the following messages while trying to collect open invoices:
Quote:We still haven’t been paid from our credit card processor. They owe us over $xxx,xxx. As soon as we get paid, we’ll be able to cover this invoice.and
Quote:We are currently in a bit of a cash crunch, due to some unforeseen banking problems. However, we still want to continue to be listed on CAP. Would it be ok to make payment in a couple of weeks?I wouldnt be surprised to find affiliate commissions arriving later then usual this month as operators scamble around to secure funds and new processors.
:Cry:
That doesn’t sound good but was to be expected.
I hope they are covering their axxes by now….and we are only looking at a few weeks postponement.
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