Payment processor Pre-paid cards MCC CODE 6012

[Wade7]

Hi,

I'm looking for a payment processor for my client (Gambling/Casino) that does the following:

We want to credit voucher for our client to buy prepaid cards with MCC CODE 6012 (this is MANDATORY).
We are PCI DSS compliant and we will host the webpage. We want to package that for our own client.

The client uses our hosting page and credit the prepaid card.

Monthly sales volume: up to 40 million € (average 25M)
Chargeback is below 0,2%

We are already using payment processors that charge us around 1% (MDR) so we're looking to find similar PSPs.

Hope anyone can help!

 

[Sols]

Is it 2012? Because your business model is very 2012. These structures don't work anymore. The card schemes have been on to it for years.

Every 6012/voucher solution that pops up nowadays gets shut down very quickly, with the usual fine of 25,000 USD per merchant.

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This is the probably the answer to your question.

 

[Wade7]

Thanks Sols for your advice. Can you please elaborate on this so I can have a better understanding?

Also, any tips on an alternative solution?

 

[Sols]

What you are describing is something that was big a few years ago to avoid coding as 7995, to circumvent gambling blocks in certain countries. Visa and Mastercard are well aware of these solutions now and shut them down mercilessly. Big fines are being dished out to acquirers, which are then passed on the payment providers and merchants. This is followed by refusal to settle, so you are out the money.

You can find acquirers for it. Usually small, desperate ones. I just wouldn't recommend it. There are a few solutions up right now that are using increasingly convoluted extra steps to avoid the card scheme cracking down, but for most of them it's only a matter of time.

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This is the probably the answer to your question.

 

[Bmw850]

Montly sales 40 million euros / month for an online casino....I really don't know to make money then

 

[Wade7]

@wonderfulhouse Feel free to drop me a PM or send your details

 

[Spinat]

Sols said:
Is it 2012? Because your business model is very 2012. These structures don't work anymore. The card schemes have been on to it for years.

Every 6012/voucher solution that pops up nowadays gets shut down very quickly, with the usual fine of 25,000 USD per merchant.
Click to expand...

Can't agree more. Someone here has slept under a rock and just woke up to 2019

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