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Ok Guys and Dolls,
This is straight out of a major casinos mouth ….
“In 2002, PayPal made every month about 19-26% of all transactions in our casino. In 2003, Neteller makes every month about 12-16% of all transactions in our casino.However, the FirePay transactions increased from 4% in 2002 to 12% in 2003.
Much worst than missing the PayPal is the credit card companies
restrictions. For your information:In 2002, VISA made abour 55% of all transactions in our casino. In 2003, it is only around 20%.”Ok so in reality we need some help here as we have lost some major market share and this is part of the problem. This casino continues on to say ….
“In my personal opinion, even in case that people will get some new great payment methods provided by some “e-cash wallet” company like PayPal or Nelteller, the credit cards will remain the most favorite way how to deposit. Why? Because using the card directly at online casinos is most easy and fastest! Traditional online players have no problem to use the other payment methods when they encounter some problems with card purchases, but the new players would only like to try the casino and optional methods of billing just do not appeal to them but it may help rather then not do any good.”
Ok so I enquired at a casino that has been around since the start but they have noticed the hurt that has come upon us. This is not a casino that has shown the problems that we have noticed as much, but the problems with online transactions are still apparent here. So some losses are hurting us but some could be recouped via the widespread use of Neteller or prepaid atm ….
If the market share could be shifted to a alternate deposit method then we would be doing a lot better … But if you notice that the visa has lost 50% then you will realize that its not the worst but we have lost a major share of our profits though we also lost up to 25% because of paypals discontinuing gambling transactions and maybe more. That is 50% in total of transactions altogether. More then most would have thought ….. atleast when it comes down to it …. What is needed all around is the return of a credit system that can accept the cards from clients without problems and with great if not excellent customer support sort of like ccbill or ibill …
Badabing needs a little sleep then I will explain more ….. I am really tempted to sleep in a tree and get another deer but well hahahahaha to hell with it I am on my way ….. Look out bambi I am on the prowl !!!! I about got one with my truck a few hours ago …. LOL
I am not partucularly surprised.
I have been yelling about the credit card fiasko for months.
People want to play, get their card turned down and lose their ardor.
This also cuts into the casinos profit, which makes it worse for us. The less money they make, the less likely they are to give us our share of what they do make.
We have all been playing this record since August of last year.
It’s refreshing to see a casino at least acknowledge the depth of the problem, buts it’s nothing new. Above and beyond shaving its the number one issue we all face in this industry and the biggest threat to our survival…
