Payment
Processor Screws Online Gambling
Websites
By
Christopher Costigan,
Gambling911.com
There is outrage in Costa Rica after
a Canadian-based payment processor
has reportedly screwed over a dozen
online gambling sites out of
millions of dollars. Many of the
Costa Rican based Internet gambling
businesses were utilizing Smart
Banking Systems (SBS), represented
by one Ben Waldman.
"(Ben) Waldman provided the platform
for another individual to screw
everyone down here and their
mother," said one angry operator.
"He went through the whole crowd (of
Costa Rican-based operators), then
disappeared."
Smart Banking Systems bills itself
as "Tomorrow's ATM and Credit Card
Processing Technology Today"
They claim to be an independent
sales organization/merchant service
provider involved in the placement
of Automated Teller Machines (ATM's)
in retail locations and in the
processing of Merchant Point of Sale
Card Transactions (Visa, MasterCard,
Amex, Discover).
"I am owed several hundred thousand
dollars from this scumbag," said one
operator, who wished not to be
identified.
Two other operators have notified
Gambling911.com of the business
practices of Waldman, Chris Connor
(an alias) and Smart Banking
Systems.
"Please get the message out about
these pariahs. Everyone reads
Gambling911.com and needs to know."
Since passage of the Unlawful
Internet Gaming Enforcement Act (UIGEA),
the online gambling sector has had a
tough time finding "reliable"
processing companies in which to
conduct business with. |
|
