Why doesn't ACH work for casino's?

[KathyK]

Maybe somebody can answer this. Right now I cannot get the casino's to pay out through ACH. Then why do all of the bingo sites pay their help through ACH with no problems. They have been doing this since Neteller went under. If bingo sites can pay their players and help then why can't the casino's? It doesn't make any sense to me.

[lojo]

It's supposed to work like this, but my guess is there are several other 'cloaking stations' the transactions have to go through. This would explain delays not directly related to changing processors, etc. And if these options dry up, or it gets too expensive or risky for a casino to play the 'three shells and a pea' game they're just not doing it.

No idea why Bingo sites are able to do it, just not on the radar?

[winbig]

It's supposed to work like this, but my guess is there are several other 'cloaking stations' the transactions have to go through. This would explain delays not directly related to changing processors, etc. And if these options dry up, or it gets too expensive or risky for a casino to play the 'three shells and a pea' game they're just not doing it.

No idea why Bingo sites are able to do it, just not on the radar?

Casinos have the ability just the same as bingo sites. They're simply taking advantage of the current situation to slowpay. If you'll notice, the "good" casinos have no problem with ACH. Same with poker rooms.

I know for a fact that Dreampoker offers ACH for USA withdraws, and they're on the MG platform. Why can't all MG casinos offer ACH?

[footdr]

ACH is the easiest payout to get "under the bank radar". They are not coded and basically the only infor needed is the payor, payee information and the amount. Checks can be visibly scrutinized and WIRE TRANSFERS by nature contain more identifying information than and EFT or ACH, as do Credit/debit card transactions.

Since many Mircrogaming casinos are presently able to fund by credit/debit card than they previously could due to "messing with the system". There is absolutely no reason why an ACH from a third party processor can not be easily made.

As long as the originating bank is not a casino, there is no way to identify if the ACH is a payment for services, a refund, etc.
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[lojo]

ACH is the easiest payout to get "under the bank radar". They are not coded and basically the only infor needed is the payor, payee information and the amount. Checks can be visibly scrutinized and WIRE TRANSFERS by nature contain more identifying information than and EFT or ACH, as do Credit/debit card transactions.

Since many Mircrogaming casinos are presently able to fund by credit/debit card than they previously could due to "messing with the system". There is absolutely no reason why an ACH from a third party processor can not be easily made.

As long as the originating bank is not a casino, there is no way to identify if the ACH is a payment for services, a refund, etc.
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I'll defer to your wisdom on this. From previous posts I know you've studied the process.

I was of the impression that all ACH are EFT, and all EFT are being, or are going to be, monitored in real time. And that all processes to and from US banks would, or are, being routed through the fedresbnk.

Of course bean counters and rogues will take advantage of the confusion, that's their job.

As a US Player, I won't make a deposit I can't afford to walk away from until this all shakes out.

One thing I've learned in my short time on this forum.. WinBig don't say much, but when he does, it's usually right on.

[footdr]

At present the only CODED ach transactions are credit card/debit card.
The code pertains to the MERCHANT registered with, say VISA or Mc, etc.

ACH transactions are not required to have a code. The coding system for these transactions has not yet been developed. I guess you could say these transactions are presently on "the honor system in regards to UIEGA".

Checks are deposited with a teller who could take note of certain information printed on the check and they can make decisions whether to put a hold on the check if it looks suspicious or is for an amount 5000.00 or more.

[lojo]

omnivore, etc.

[KathyK]

Thank you everyone. I just received another check today and I'm hoping they all clear. Does anyone know of any casno's now that are still processing withdrawals using ACH?