Transactions from US end users continue to be declined. Mastercard regulations prohibit
Bango from aggregating merchants as a “payment provider”. Recent changes to the Bango T&Cs clarified that Bango resells content , when an alternative route is not available.
Our new US based acquiring Bank is still verifying our status. This is taking much longer
than expected – primarily because testing by the Bank on customer sites is difficult.
We therefore last week initiated the process with three alternative banks in
parallel to expedite matters.
We are expecting our next report from the Bank on Thursday and will keep you updated.