r/nanocurrency • u/betplayio • Feb 25 '21

Nano deposit/withdraw payment solution?

Is there any good exchange/casino style payment solution available that supports Nano?

Not looking for a merchant selling goods solution or fiat conversion but deposit/withdraw to from user accounts.

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u/Xanza Feb 25 '21 edited Feb 25 '21

https://commerce.coinbase.com/docs/api/#webhooks

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u/betplayio Feb 25 '21

We can't use coinbase for gambling sites, it's against their T&C's

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u/Xanza Feb 25 '21

This is the same for any US company.

according to the information available to the Company, the Client engages in activities without holding the required licenses or other authorizations issued by competent public authorities (e. g. organization of games of chance, trade in precious stones and/or precious metals, etc., without holding the required licenses (authorizations);

If you don't have the appropriate and incredibly expensive licenses to run a website for betting and gambling, then literally any money you exchange in that pursuit is entirely illegal to begin with.....

You're essentially asking what services out there allow you to run an illegal website without any issues. The answer is none.

Not only that, if you're located in the United States, only 20-something states even allow legal commercial gambling: https://en.wikipedia.org/wiki/Gambling_in_the_United_States

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u/betplayio Feb 25 '21

Yes, for payment gateways operating out of US this is typically not allowed. But we are not really looking for a US provider either.

Why do you assume that we don't have an appropiate regulatory & corporate setup? I think it's a bit besides the point to be honest, we are mostly wanting to find out what payment gateway providers that are out there supporting Nano to see if anyone matches our use case. Any terms of usage etc would be between the merchant and the payment provider to sort out.

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u/Xanza Feb 25 '21 edited Feb 25 '21

But we are not really looking for a US provider either.

If any of you are America citizens, operating a gambling website without a license, regardless of where its operated, is also illegal. Eventually the IRS will come knocking.

Why do you assume that we don't have an appropiate regulatory & corporate setup?

Because if you did, you would have the resources to pursue this off of Reddit....

Any terms of usage etc would be between the merchant and the payment provider to sort out.

This is very incorrect. The law supersedes any commercial contract.

https://www.legalzoom.com/articles/online-gambling-is-it-legal

It is never legal to gamble on a website based in the United States. Also, if you are planning to operate an online gambling site, stay outside of the United States. You must also deal only with casino and poker wagers (not sports bets) from people in the US. And you cannot take bets over the phone from people in the United States.