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Jackpot Capital E-Check

Discussion in 'America the Beautiful' started by BLUEWATER, Mar 16, 2011.

    Mar 16, 2011
  1. BLUEWATER

    BLUEWATER Dormant account

    Occupation:
    student
    Location:
    NoWhere
    I just recently found out that Jackpot Capital now have E-Check US. Click on cashier then at the top filter by country to US and it show E-Check US.

    Have anyone ever used this type of transaction? If so, what does it say on the bank statement? Any problem cashing out?

    Thanks.
     
  2. Mar 17, 2011
  3. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA
    I don't think the problem arises with deposit via Echeck but cashout that way. I have never made a withdrawal via Echeck but have read where it can take a while - anywhere from a week to 30 days - to process. Reason being, they wait until your check clears your bank before processing a withdrawal.
     
  4. Mar 17, 2011
  5. BLUEWATER

    BLUEWATER Dormant account

    Occupation:
    student
    Location:
    NoWhere
    Where did you read that from? I just finish talking to one of the rep at jackpot capital and she said it take 7 days from the last E-Check deposit.

    Not sure if that statement is for from JPC or the third E-check processor. But she did say that how it was set up on their end. I wanted to see of other player have successfully cash that way.
     
  6. Mar 17, 2011
  7. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA


    Read it here and on other forums.

    You can ask them yourself but if you think about it, they aren't going to process a payment to you until they have their money. So you would have to wait however long it takes your bank to clear an echeck, then however long it takes ECheck to process payment.

    Either I didn't do it right or the url link isn't working for me. But there is a thread in Payment Processors - ECheck Us - that talks about the timeframe for payment.
     
    Last edited: Mar 17, 2011
  8. Mar 17, 2011
  9. BLUEWATER

    BLUEWATER Dormant account

    Occupation:
    student
    Location:
    NoWhere
    I don't see the link. Can you please post it again? Does is make more sense if they can cash out my winning and hold the amount what I owe till it clear? They still got my money till then. Thanks
     
  10. Mar 18, 2011
  11. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA
    I can't get the URL to post. Go to the Payment Processor forum and look for ECheck US thread.

    I don't know why payment processor do what they do. They just do. :D
     
    1 person likes this.
  12. Mar 23, 2011
  13. kmartinusa

    kmartinusa Dormant account

    Occupation:
    Business Owner
    Location:
    Under the Radar
    My experience with e-check has not been 7 days, more like 3 or 4.

    I've made multiple large withdrawals from them.

    Kevin
     
  14. Mar 25, 2011
  15. yorimisori

    yorimisori Banned User

    Occupation:
    Article
    Location:
    Los Angeles
    Thanks for the information guys! Now I know how a payment is processed in casino and online casino.! Now I can easily play whenever I want to play. :)
     
  16. Mar 25, 2011
  17. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    For me, it took 7 days from the date of transaction. I was a little frustrated as I have used E-check at the EH group and it took only 2 to 3 days. Then from casino to QT and then from QT to bank?...It took almost 2 weeks.

    BUT! When I use E-check I have the best sessions ever!..go figure:thumbsup:
     
  18. Mar 25, 2011
  19. secret2

    secret2 irishbrit62 MM

    Occupation:
    driver
    Location:
    New York, United States
    UPDATE

    I do have to add here that I just checked my QT account and the winnings from JC using Echeck are in my account after only 2 days!

    Maybe the first echeck is the longest just for verification? But KUDOS to echceck and JC!:notworthy
     
    2 people like this.
  20. Mar 31, 2011
  21. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    I don't know if it's been posted elsewhere on the forum, but eCheckUS have just stopped accepting gambling transactions and apparently done a runner with loads of casino's money! :mad:

    I hope no players have lost out over this - but I know many casinos & affiliates have.
    Land of the free? :what: Pffff!

    KK
     
  22. Mar 31, 2011
  23. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    http://www.casinomeister.com/forums/payment-processing-issues/43258-echeckus-site-down.html

    Too bad no one can ever find any solid info/news on these type things. Have they stolen the money? Been arested/shut down/frozen by the DOJ.... I mean... no one lets the victims know wtf is going on.

    Same with eWallet Express. They say the feds have frozen the funds. OK... what happens next for players ?

    sorry for the slight derail... and rant. LOL
     
  24. Apr 2, 2011
  25. w8n4win

    w8n4win Full Member

    Occupation:
    Merchandiser
    Location:
    Right Here
    I was reading the other link about Echeck, didn't want to post outside the America thread, but if they got busted, do you think the DOJ will come after the players?
     
  26. Apr 2, 2011
  27. ksech

    ksech Dormant account

    Occupation:
    yes
    Location:
    Here
    It's not illegal to gamble online, it's illegal for financial institutions to allow you to fund these gambling accounts.
     
    1 person likes this.
  28. Apr 2, 2011
  29. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Unlikely, this has not happened before, although players with large amounts in "winnings" might have trouble from the IRS, so should prepare records just in case they are asked.

    In most cases, the closed processors have refused to provide the DoJ with records of their customers' transactions, citing "privacy laws" in their own countries, and the DoJ have not gone so far as to take court action abroad in order to "extradite" these data to the US.

    It seems the current objective is to disrupt the flow of money to the casinos, and to scare away the players who get caught up in the mess. In many cases, the operators and processors HELP the DoJ by making it look like they have simply stolen the money (EWX for example), so rather than blaming the DoJ, US players are blaming the casinos and processors for being the "thieves". This breaks down the bond of trust between player and casino even FASTER than the DoJ could manage on it's own.

    The motive is that the processors don't give a rat's ass about their CUSTOMERS' money, but act to preserve their OWN best interests, even if this means allowing customers to put even MORE of their money into an already seized pot (as happened with EWX), so as to buy themselves enough time to get their OWN money out of the business, and out of reach of the DoJ.

    At least eCheck have shut down straight away, so that customers can not make things worse for themselves, although there is still the matter of money already in their "pot", and whether customers will get it back.
     
    2 people like this.
  30. Apr 2, 2011
  31. w8n4win

    w8n4win Full Member

    Occupation:
    Merchandiser
    Location:
    Right Here
    Thanks VWM, I feel much better now! ;)
     
  32. Apr 2, 2011
  33. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    I personally don't believe it is a doj bust, it does not have the smell of the doj.

    echeck.org is still up and running, just not making any gambling transactions.

    I personally think it is/was large scale embezzlement within the company, and the company has closed down that part of their operation after the losses.

    But that is just my opinion... ;)
     
  34. Apr 2, 2011
  35. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    If this is the case, then players with money still there simply have to use it up with non-gambling purchases, or request a withdrawal.

    Neteller fed the same BS to US customers when it closed down, telling US customers it was merely a block on gambling transactions, and that they were still free to use it for non-gambling purchases, or withdraw the balance.

    They went through a sham of taking US customers' withdrawal requests, and told them that the huge volume of such requests meant that withdrawals would take far longer than normal. Some players DID find ways of "using" their funds, rather than withdrawing, but each time a "use" was found, it was abruptly shut down by Neteller.

    Many were transferring their funds through P2P, a valid Neteller facility used for sending money to friends and relatives abroad, or making payments to internet based merchants. This was shut down because it effectively allowed US customers to convert DoJ seized money into liquid money in other customers' accounts, which Neteller could NOT honour in it's entirety should these other customers try to use it.

    One US customer posted that they had asked Neteller where they could find out which non-gambling merchants they could spend their money, and Neteller CS said they could not provide such information because it was confidential. It is thought that the whole thing was BS, and there were NO merchants other than gambling sites that accepted Neteller.

    They were also quick to shut down the ATM cards for US customers, since although they would not work within the US, they DID work in places like Canada, and would have enabled customers close to Canada to get their money out.

    With EWX, we had a repeat performance of the same old BS. They said customers could log in and request a withdrawal, and they would be processed just as soon as the "technical issues" were overcome.

    If you find a way to get your money out of eCheck, DON'T HANG AROUND, as they may well start shutting down these "services" for US customers.

    If eCheck has an ATM card, and you have one, nip over to Canada & see if it works;)
     
  36. Apr 2, 2011
  37. LHofsdal

    LHofsdal Ueber Meister MM

    Occupation:
    Retired
    Location:
    NY
    I don't think EWX held back any information from the DOJ. One member here posted that they were contacted by the DOJ. I have 10 grand in my EWX account, after my big JP win. The funny thing is, that when I went to do my taxes, trying 5 different places, no one knew anything about ewallets. Not even H&R Block. I had to point it out that on the IRS web site it states that you don't need a form to claim gambling winnings. I have to submit a form "stating me case" with my taxes on why I am only paying taxes for the money I received, and not the 10 grand in my EWX account.

    I still can not find anything from any government site on the EWX situtation or ECheckUS. When Neteller was hit it was all over the news and web. Nothing on either one of these other cases are anywhere on the net or news.

    I just wish things with EWX and ECheckUS would be disclosed, so we the customers knew how to procede accordingly.

    LH
     
  38. Apr 2, 2011
  39. ksech

    ksech Dormant account

    Occupation:
    yes
    Location:
    Here
    Technically, that money isn't yours yet. So you wouldn't pay tax on something/money you haven't received (although, I'm sure Big brother would love to find a way to put a tax on it...they could call it the "almost got it tax" to go along with the sin tax, the obesity tax and all the other crazy taxes they can think of...).
     
    1 person likes this.

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