Quote:
Originally Posted by bringmehome
I just spoke to Glynn from the Antigua Gaming Commission on the phone for about 2-3 minutes.
-I asked him several times about liquidity and solvency and he said that it is not a liquidity or solvency issue. He repeated this several times. It's a problem with payment processors.
-I did ask him why Carbon was unique when no other site is facing these issues and he just said "from what they have seen, they are having serious problems with certain payment processors, which is causing delays"
I spoke with Optimal Payments and they assured that they have
no issues with their Skrill and Neteller transfer processing.
Quote:
Originally Posted by bringmehome
-Asked him if they specifically monitor to make sure adequate cash is kept on hand and he said yes.
This is a blatant lie! Even the Isle of Man Gambling Supervision(lol) Commision with their allegedly 3 steps security system don't know if an operator has money or not.
Quote:
Originally Posted by ThatsMySpot
Appreciate you post this. Still, not sure if they can lie (legally), and the answer is still vague and doesn't guarantee anything... on the other hand, I still don't buy that they have issues with processors and can't change processor on almost 5 months.
They can legally lie however they like as you would have to sue them in Antigua and Barbuda. Good luck!
Quote:
Originally Posted by thescubatim
Well, I don't know how contract law is where Merge is based out of, but if you sign a business contract with a company (IE payment processor) you're pretty much stuck with them until the contract runs out in the U.S. You can breach the contract, but obviously there are repercussions for doing so, which would be outlined in the contract and it also opens you up to a lawsuit by the other company for breach of contract.
Although in Merge's case, they're going to die anyway so unless contract law is even stiffer there, taking the hit would be in their best long-term interest.
Contracts for illegal money transfers to the U.S. are not valid.