Mastercard/Visa -- huge seizure

maxd

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Little birdy told me this morning that Mastercard and Visa have done a huge seizure industry wide. Apparently this is pretty wide-sweeping and directly affects operator accounts for the month of January.

Anyone got further news on this? Post here!
 
Little birdy told me this morning that Mastercard and Visa have done a huge seizure industry wide. Apparently this is pretty wide-sweeping and directly affects operator accounts for the month of January.

Anyone got further news on this? Post here!

Yep, I got this yesterday...what type of "seizure" Max, card seizure, money seizure, etc.?

"Unfortunately, due to a technical fault we are experiencing with our processor that is outside of our immediate control, we currently cannot process MasterCard deposits to add funds to your QuickTender account."
____
____
 
Yep, I have gotten numerous faults ( some go through as prepayments ) from a bunch of casinos that I use my Mastercard to fund. Its been happening since last Friday.
 
I used my Visa debit (guess which one?) card early this morning without a hitch...one at MGS and one at 3Dice..
 
Little birdy told me this morning that Mastercard and Visa have done a huge seizure industry wide. Apparently this is pretty wide-sweeping and directly affects operator accounts for the month of January.

Anyone got further news on this? Post here!

Max

In January , both Visa and MC did a HUGE change in the processing, but more regarding the "free trial" offers, also known as continuity offers. Could this be where this source was from ?
 
OK - so WHAT exactly does this mean?

Good question ... hence my question. :D

My understanding was that it may have involved operator asset seizure, at least insofar as funds being held by the payment processors. My concern was that this might mean a ripple through the system where players end up being slow-payed, or worse.

FWIW, another source has offered this, sounds related (?):
Mastercard is doing a sweep right now against those taking cards that are NOT 7995. They have had a sting in place. This is not VISA, Mastercard only.
 
just recieved this don't know if it pertains to the thread:

From: "Vegas 7 Casino" <email@hos.cccampaigns.net>
Subject: Important communication from Vegas 7 Casino
0 Forwarded Message(s)
0 Attachment(s)/Image(s)

Dear ,

Due to the nature of our business and considering the current state
of the online gaming environment in the US, Mastercard has imposed
restrictions on purchases intended to fund online gaming activities.

As a result no Mastercard purchases would be accepted.

Should you decide to fund your casino account using a credit card,
we advise that you consider using Visa instead of Mastercard.

However, if you reach your Visa Card transaction limits,
we strongly suggest using our Instant Credit Card service which will
allow you to make more deposits.

How To Use Our Instant Credit Card Service?:

To start using our Instant Credit Card Service simply
visit the banking section of the casino software where you
will find the "Instant Credit Card" link. Click on this link
and follow the instructions as they appear on the screen
to start making Instant Credit Card deposits.

All transactions are highly secure and every deposit
is usually instant after every transaction confirmation!

We apologize in advance for the inconvenience these
limitations may impose and wish you happy further gaming.

If you require further information or advice on the above
information, please feel free to contact our friendly support team.

Kind Regards,
The Vegas 7 Casino Team
============================
E-mail: support@vegas7casino.com
============================
Toll free numbers:
Australia 1800 008 546
Canada 1866 309 1713
France 0800 903 828
Greece 00800 4413 1477
Hong Kong 800 968 599
Germany 0800 181 3672
Israel 800 9204 041
Italy 800 786 603
Japan 00531 78 0173
S.Africa 0800 990 511
Portugal 800 880 446
Spain 900 997 112
Turkey 00800 446 32131
UK 0800 056 7595
USA 1866 705 5608





Cindy
 
Same here from Grand Hotel Casino

Dear ,

Due to the nature of our business and considering the current state of the online gaming environment in the US, Mastercard has imposed restrictions on purchases intended to fund online gaming activities. As a result no Mastercard purchases would be accepted.

Should you decide to fund your casino account using a credit card, we advise that you consider using Visa instead of Mastercard. However, if you reach your Visa Card transaction limits, we strongly suggest using our Instant Credit Card service which willallow you to make more deposits. How To Use Our Instant Credit Card Service?: To start using our Instant Credit Card Service simply visit the banking section of the casino software where you will find the "Instant Credit Card" link.

Click on this link and follow the instructions as they appear on the screen to start making Instant Credit Card deposits. All transactions are highly secure and every deposit is usually instant after every transaction confirmation! We apologize in advance for the inconvenience these limitations may impose and wish you happy further gaming. If you require further information or advice on the above information, please feel free to contact our friendly support team. Kind Regards, The Grand Hotel Casino Team =============================E-mail: support@grandhotelcasino.com =============================Toll Free Numbers: United States of America 1 877 528 2496United Kingdom 0 800 056 7591Italy 800 781 060Australia 1 800 014 6614South Africa 0 800 996 180France 0 800 913 228Germany 0 800 180 8275Spain 900 944 426Portugal 0 800 880 222Canada 1 877 952 2222Hong Kong 800 903 650Israel 1 800 944 1205Japan 0 053 1780 012
 
I am unable to use my MC at any casino this week.

Seems a bit steep if MC can refuse to pass on the funds to operators that have already been accepted by those operators - fair enough if they say 'from now on, no funds will be forwarded that are linked to gambling' but making it retrospective stinks - and will certainly have a ripple effect possible for all players.
 
I'm hearing 'all January receipts seized' so it does indeed sound like they're being retroactive about it. That's got to hurt! :eek2:
 
Being a Canadian our main prepay card is from MoneyMart, they have just started their changes from M/C to Visa, they swapped my card out last week, not sure why they did this but may have some correlation.
 
Let me get this straight: Mastercard is "seizing" funds that were used for depositing in online casinos? What, does this mean they reverse the transactions in effect resulting in a backdoor chargeback? If that is the case, then the players wouldn't be out of the money but the casinos would. Further the case, then I guess the casinos would then take that much out of the player's balance provided the player didn't already lose it all.

Thankfully I never used Mastercard for depositing into online casinos.

So Mastercard is doing this even in countries that allow online gambling?
 
Being a Canadian our main prepay card is from MoneyMart, they have just started their changes from M/C to Visa, they swapped my card out last week, not sure why they did this but may have some correlation.

Really me_and_ed? That is the card I use as well, the Titanium Plus prepaid MC. So how do I go about changing then? I haven't used my card in over a week, so have no idea if it's working or not working or what. Do I go into MoneyMart and ask for a new card? You can PM me if you want, but it would be great to know more details. Thanks. :)
 
Let me get this straight: Mastercard is "seizing" funds that were used for depositing in online casinos? What, does this mean they reverse the transactions in effect resulting in a backdoor chargeback? If that is the case, then the players wouldn't be out of the money but the casinos would. Further the case, then I guess the casinos would then take that much out of the player's balance provided the player didn't already lose it all.

Thankfully I never used Mastercard for depositing into online casinos.

So Mastercard is doing this even in countries that allow online gambling?

This could cause them serious legal problems. The intent is probably aimed at those processors that deliberately disguised gambling transactions as something else. There should have been no need for this in countries where online gambling was legal, but casinos will STILL be affected if they used such trickery even though they didn't have to.

Taken from Max earlier:-

Mastercard is doing a sweep right now against those taking cards that are NOT 7995. They have had a sting in place. This is not VISA, Mastercard only.

This looks like gambling transactions that were put through as gambling transactions (merchant code 7995) should be honoured.
Gambling transactions put through with other codes to hide their nature are probably the ones being investigated, and merchant funds seized. I would expect these processors will also have their Mastercard facility removed.

US players are likely to be most affected, and it WILL result in "chargeback" conditions for the processors, who will then seek to pass this on to the casinos.

The net effect might force a few casinos to quit the US market, which is just what the US authorities want. UIGEA was designed to disrupt the transactions, and this is EXACTLY what will result from this latest Mastercard action.

Casinos MAY react by blaming the PLAYERS for this, and placing them on a chargeback blacklist, even though it was the CASINO trying to get around Mastercard restrictions in order to keep accepting deposits from players. Players may then find themselves having to fight to clear their names from the smear that THEY initiated chargebacks to get out of bets that went sour. It has happened like this before, with PLAYERS taking the blame for a decision by their BANK to retrospectively retrieve transactions once they became aware they were related to gambling.
 
Really me_and_ed? That is the card I use as well, the Titanium Plus prepaid MC. So how do I go about changing then? I haven't used my card in over a week, so have no idea if it's working or not working or what. Do I go into MoneyMart and ask for a new card? You can PM me if you want, but it would be great to know more details. Thanks. :)

Hi Pina,
They just swapped mine for free, same thing Titanium + Visa, same loads, same support numbers, everything, just Visa. I went in one day and she told me, I didnt have to fill anything extra out, she just swapped it all, got a temp card and a new one came in a week, works great, dunno but maybe the casino's can w/d to the card and we will be able to go to the ATM and take it out, I will let you know, that is if I ever win again, its been a while:mad:
 
Hi Pina,
They just swapped mine for free, same thing Titanium + Visa, same loads, same support numbers, everything, just Visa. I went in one day and she told me, I didnt have to fill anything extra out, she just swapped it all, got a temp card and a new one came in a week, works great, dunno but maybe they can w/d to the card and just go to the ATM and w/d??? I will try it if I ever win again, its been a bad few months:mad:

Well...cool beans to that then. :thumbsup:

I have to go into Moneymart in the next couple of days, so I will ask about it. And I think you're right....we may now be able to get any withdrawals loaded direct back to the card, which would be freaking awesome!!

Hear ya on the luck....ditto here. But hey, it's gotta change eventually.
 
Always seems to be something going on with MC bunch of damn clowns! So in the meantime play with your Netspend it is Visa and works wonders :)
 
I have a credit card i use and have used it once at a casino (Slots Oasis) its a Master card:eek:, could the Rushmore group kick me to the curb if it comes back to them and they pass the buck on to the player, will i have to give them the deposit money back in order not to be named as a chargeback player.

This really is a new low for Master card and is going to hurt the Casinos that used MC for depositing, but what about those players, they will suffer twice, maybe losing their credit card status, maybe having to payback the casino in order to save their good standing at the casino..........Its going to be a never ending merry- go - round ride, i fear:mad:..............laurie
 
If they do a mastercard chargeback, I wonder, Does the Casino or Merchant Provider Know if it was Mastercard that did it, or if the player did it on his own?

I can see 2 things happening. Winning player gets a chargeback from his mastercard, and his deposit/winnings are forfiet, and he is banned. I also see a player Losing, doing a chargeback on his own, and then saying, "MC did it, not me".

I hope Casino Reps, chime in and let us know that they can tell the difference, to protect the honest player who actually does end up with a MC Chargeback.
 
Let us all get ONE thing straight

If MasterCard prompts a industry wide chargeback - there is no way that the casinos will hold individuals responsible.

HOWEVER - they cannot realistically charge Casinos BACK all the money CASINOS intook for those months already collected on.

Not only that - the money would have to be returned to the customer - and you're talking a MASSIVE undertaking - that NO ONE would want to be a part of.

Personally it just sounds like MC is STOPPING the allowance of online gaming worldwide.

Just an opinion tho.

Methinks that they may be investigating what is gmbling charge and what is not - but I dont think they are going to undertake the ENTIRE industry returning funds to players.
 
Let us all get ONE thing straight

If MasterCard prompts a industry wide chargeback - there is no way that the casinos will hold individuals responsible..


Correct, as the term I see in this thread, "chargeback" is being used incorrectly.

A MID going down is totally different. It will be painful to many as any money that had not been sent to the casino (settled) would be gone. This has happened in other industries and is also different then a seizure, though I can see why the confusion...

Bottom line, For those wonder why is MC and not visa, is most gaming transaction happen with Visa International, not Visa..Small difference in the corporate structure, but this is why MC always folds first...
 
Correct, as the term I see in this thread, "chargeback" is being used incorrectly.

A MID going down is totally different. It will be painful to many as any money that had not been sent to the casino (settled) would be gone. This has happened in other industries and is also different then a seizure, though I can see why the confusion...

Bottom line, For those wonder why is MC and not visa, is most gaming transaction happen with Visa International, not Visa..Small difference in the corporate structure, but this is why MC always folds first...

Don't think Visa won't be behind this in process.

But what I am seeing is that VISA IS indeed investigating gambling charges - hence in SOME Visa's (ie NETSPEND) you are now capable of documenting the TYPES of charges from the plyer's side.

HOWEVER - I have had ONE prepaid Visa that closed my account down and investigated the charges. I just closed it completely.

Still the INDUSTRY wide thing is this; They will probably just stop allowing gaming transactions - nothing too hideous at this point.
 

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