For one, I know for fact that Casino Coins properties were not the only one’s with fraud and chargebacks in January.
As well, other casinos, other affiliate programs use different processors, so not everyone will be affected “the same.” The days of neteller and citadel are over and that means big risk when trying new payment options, especially ACH.
Casino Coins properties vowed to stay in the US and provide its players with easy to use payment options. We were one of the first and very few to offer an ACH solution. We were excited to get this payment option launched before the competition, however, people took advantage of the ACH and as a result we had to drop our provider.
I do understand your frustrations when it comes to these chargebacks, as you believe it is money that is owed to you. However, it is not legitimate deposits and I can’t stress that enough… the money does not exist – it is fraud!
The situation in January was an anomaly… Feb payments have already gone out and should be in everyone’s accounts in the next few days.
I hope this situation can be finally closed and we can move on.
Nick