We have 12 programs in for approval. That’s the good news.
Additional good news is once they are approved payments will be instantaneous and simple.
The bad news is the merchant application process and red tape on the casino end is mind numbing.
Unlike US Banks, setting up a commercial account in an EU regulated bank takes an act of Parliment. So much paper work is required and it is scrutinized by bank examiners so closely that it takes weeks to get a casino group through the system.
The other issue is the casino groups themselves. Even though the affiliate managers are eager to pay affiliates, senior management places a much lower priority on it then anyone would like. They are not against adding new payment options per se, but they really arent motivated to make an effort to get it done quickly. As a result we have another 20 or so programs who are waiting for management or accounting to approve the proposals and then complete the needed paperwork.
The best thing we can do is just keep hounding them. It will happen over time. I just hope some of us dont starve first while we are waiting for our monies.