Limted Processors Limiting Conversion

By: Rouletters Gambling News

Tuesday, December 1st, 2009 at 4:43 pm EST/EDT

Money_FashionThere is no doubt that the uncertain regulatory conditions for the online casino industry have caused many problems in many countries. When commentators talk about this they usually tend to focus on the direct problems that this has caused.

One of the the larger problems that this has created is something that does not get discussed at all. The fact that only a limited number of payment processors are prepared to deal with the industry is a huge problem but because it is not one of the direct ones, it does not come up for discussion a lot.

The vast majority of Internet users are a bit cagey about giving out their financial details online. A major deciding factor here is if they do not see a payment processor they are already familiar with when eh time comes to actually deposit money.

There is always a percentage of people on any commercial website that get as far as the form for financial details, change their mind and back out of the transaction at that last stage.

Industry sources suggest that this percentage is far higher in the case of online casinos than it is for other types of online business.

There is no doubt that being limited in the array of payment processors that they can offer is having a huge effect on these percentages.

So, in all of the aspirations for a better and clearer regulatory environment across different jurisdictions in the coming year, hopefully this situation will be addressed as a by product of this clarity as well.

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