Bwin Offering Own Payment Solutions

April 29, 2008

The online gambling group Bwin has been awarded their own Financial Services Authority license to offer e-money payment solutions to their own clients. The company had gone through a series of stringent probity checks, and has passed all of their tests.

The Vienna online gambling group is more than pleased to offer their own payment solutions, and say that they have more than earned it after all of the testing and regulation that had to go on before they could get the license. They had to give a detailed disclosure of their ownership structure, as well as reviews of management and all their employees.

They also had to show their infrastructural requirements had been met and all payment systems had to be subjected to an in-depth audit. The FSA in the UK has to make sure that they don’t just give anyone a license to accept money for their own games, and thus say it is necessary for them to go through as much testing and regulating as they went through.

The fact that they passed and are able to offer funding to their clients speaks volumes on how they handle themselves as a company. The FSA’s main goal is to prevent crime in the sector and thus must implement regulations, enforce compliance and conduct investigations.

Now that the online gambling company has gotten the right to take payment, their clients will be relieved that they don’t have to go through a third party company that they are not familiar with. They will be able to accept MasterCard and prepaid cards.




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