Brisbane Processor in Trouble
Having a reliable online payment processor is very
important to gamblers that chose to wager at online casinos. Most online
casinos offer a long list of options when it comes to payment processing. There
are several payment processing options out their, many with great reputations.
However, one particular online payment processor is beginning to lose
credibility very quickly.
Intabill, a popular electronic cash process based in
Australia, is in debt for AUS 30 million. AUS 3 million of that debt is owed
to online casinos. On a positive note it appears that most of the companies
doing business with Intabill are stable enough to continue operating despite the
unreliability of Intabill.
Intabill was founded by Daniel Tzvetkoff. The 24 year old Bulgarian built
his fortune as an entrepreneur. Intabill is a Brisbane, Australia based company
owned by BT Projects Pty Ltd. Tzvetkoff is one of three share holders in the
company. The other two are Sam Sciacca, an Australian lawyer, and Rendel
Investments, a company based in Alberta, Canada.
“In recent weeks we have come to the realization that diversifying in these
difficult market conditions presents too many risks and challenges,” said
Tzvetkoff.
“Hence we have decided to scale back our operation to focus on our core
e-commerce processing platform.”
Roughly 50 percent of the Intabill’s business comes from
online casinos. At one point in time the company claimed to be among the top
ten online payment processors on the Internet. Poker Stars and Full Tilt Poker
are among the online gambling sites which the company is indebted to.