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- Sep 16, 2008
- Location
- nashville tn
Hes trolling several threads........CM says hes sending him on vacation.....so good riddance
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Mastercard/Visa -- huge seizure
- Thread starter maxd
- Start date
Hes trolling several threads........CM says hes sending him on vacation.....so good riddance
Priceless
- Joined
- Jan 20, 2004
- Location
- Saltirelandia
Priceless
Say what? What, pray tell, is 'priceless' about that?
vinylweatherman
You type well loads
- Joined
- Oct 14, 2004
- Location
- United Kingdom
LaurieJim
Paleo Meister (means really, really old)
- Joined
- Jun 16, 2006
- Location
- In the Beautiful South !!
Might be a reference to the Mastercard TV ad
Thats what i thought he(Nash) meant............MasterCard priceless commercials
..................laurie
felicie
Dormant account
- Joined
- Jan 21, 2009
- Location
- somewhere else
Mastercard's 'touch your heart ads' but you better put your boots on too. Your high ones. LOL
ps. you're rather priceless too maxd that's for sure. Now wheres that info I'm ready to lock and load but kinda hesitant. Thank you.
ps. you're rather priceless too maxd that's for sure. Now wheres that info I'm ready to lock and load but kinda hesitant. Thank you.
- Joined
- Jan 20, 2004
- Location
- Saltirelandia
Umph ... haven't watched TV since Reagan's second term so 'Priceless' is not on my radar.
Anyway, sitting down to edit that Q&A on the recent actions against online gambling now.
Anyway, sitting down to edit that Q&A on the recent actions against online gambling now.
- Joined
- Oct 16, 2003
- Location
- Alaska
Well SOme things are going on - CASINOS aren't taking CCs right now.
AT ALL.
So clue us in.
As far as I KNOW - gambling is not illegal - the banks are the ones that ARE NOT supposed to make the transactions.
winbig
Keep winning this amount.
- Joined
- Mar 10, 2005
- Location
- Pennsylvania
Really? I just used my Visa debit last night without a hitch..
- Joined
- Jan 20, 2004
- Location
- Saltirelandia
As promised here's that Q&A with more info:
So there you have it. Hope that answers some of the questions that have been floating around this past week.
So there you have it. Hope that answers some of the questions that have been floating around this past week.
- Joined
- Oct 16, 2003
- Location
- Alaska
Thanks - this does clear up some things.
Lock was not accepting CC last night
Lock was not accepting CC last night
No problem-Fixed!!
- Joined
- Jan 20, 2004
- Location
- Saltirelandia
Not that this story needs a footnote but ... well, I guess it kinda does.
I can't and won't get into specifics but I do think it should be said that this recent move by Mastercard has sent some pretty serious shockwaves through the industry. Experienced operators are taking this deadly seriously and are are having to scramble to fight the damage and restructure for the changed industry environment. Their will be casualties. Player payments will be affected.
I guess the best thing I can say knowing what I now know is that if you're getting paid fast and fair by your casino you should appreciate it. Player are not so high on the priority list of some operators and as a result they'll be 'asked' to bear more of the brunt of this recent Mastercard action and its repercussions. The bottom line is that it's a titty-twister and if you're not feeling it it'll be because someone has stepped in to make sure you don't.
I can't and won't get into specifics but I do think it should be said that this recent move by Mastercard has sent some pretty serious shockwaves through the industry. Experienced operators are taking this deadly seriously and are are having to scramble to fight the damage and restructure for the changed industry environment. Their will be casualties. Player payments will be affected.
I guess the best thing I can say knowing what I now know is that if you're getting paid fast and fair by your casino you should appreciate it. Player are not so high on the priority list of some operators and as a result they'll be 'asked' to bear more of the brunt of this recent Mastercard action and its repercussions. The bottom line is that it's a titty-twister and if you're not feeling it it'll be because someone has stepped in to make sure you don't.
Last edited:
cheetahwind
Senior Member
- Joined
- Aug 16, 2009
- Location
- Iowa
Well one of my main concerns amount to the fact that one of the gambling e-wallet used by many of us US Players that I'm hoping won't be majorly affected is Use My Wallet. Just because that was one of there primary functions was processing mastercard payments when the casino couldn't? So is this affecting payments at all or not from UMW? Just wondering.
love2winalot
Dormant account
- Joined
- Feb 10, 2009
- Location
- Philippines/Visiting Las vegas
Hiya: Is this not also, "MasterCard", everywhere in the entire world? Is not the Player in Canada, and Germany, and everywhere else, who is funding their Casino account in one way or another using a Mastercard affected?
Or, is MC saying it is OK to fund Gambling accounts with our card, as long as you are Not in the USA?
Or, is MC saying it is OK to fund Gambling accounts with our card, as long as you are Not in the USA?
LaurieJim
Paleo Meister (means really, really old)
- Joined
- Jun 16, 2006
- Location
- In the Beautiful South !!
...........laurieIf Quicktender is an E-wallet then why can't they take Mastercard? It is not a gaming site, atleast I don't think so. All my withdrawals from my Quicktender account come back as BayDonHill PLC. on bank statement. Just curious if they process the deposits as a gaming transaction.
LH
LH
VISA ALSO, FWIW
FTR, the following is consistent with some of my previous posts and PM's, some of which are still private but spot on, fwiw!
eGaming Review Magazine newsletter
Confirmed: Visa declining US egaming payments too 05/02/2010
by Jon Parker
""THE CRACKDOWN on US online gambling credit card payments that began on Wednesday is being operated by Visa as well as rival US credit card giant Mastercard, EGRmagazine.com has now confirmed, with tens of thousands of US online gamblers likely to have been affected.
As reported yesterday, US-facing operators were hit by an overnight tightening of restrictions on the use of credit cards for egaming transaction ahead of the implementation of Americas Unlawful Internet Gambling Enforcement Act (UIGEA) law on 1 June, which bans the facilitation of online gambling by banks and other payment companies.
The action was at the time of writing confirmed as applying to US-registered cards issued by Mastercard, but rumours that a crackdown had also been launched by Visa had not been substantiated. However eGaming Review has now confirmed that these too are subject to the ban.
Repeated attempts to use a US-registered Visa card by an eGaming Review reporter on PokerStars last night were declined, with the American poker giant sending an email in response that read:
Status: DECLINED.
Your credit card transaction has been declined. If your credit card information was entered correctly and you have sufficient funds, your transaction was probably declined due to Internet gaming restrictions set by your credit card issuer.
Other sites likely to have been hit by the action will include PokerStars arch rival FullTilt and US sports betting giant Sportsbook.com, which yesterday announced that it will leave the Cake Poker network to join that offered by Ireland's Merge Gaming.
UIGEA was originally supposed to have been enforced from 1 December 2009, although the US treasury later approved a delay allowing companies until 1 June this year to comply.""
As previously mentioned Mastercard is not alone. I do know what the cardholder restrictions are for credit cards only. No clue if debit cards, prepaids are/have been subject to the same restrictions,actions,etc. by the banks,MC,VISA et al and what the future holds for the above mentioned.
FTR, the following is consistent with some of my previous posts and PM's, some of which are still private but spot on, fwiw!
You do not have permission to view link
Log in or register now.
eGaming Review Magazine newsletter
Confirmed: Visa declining US egaming payments too 05/02/2010
by Jon Parker
""THE CRACKDOWN on US online gambling credit card payments that began on Wednesday is being operated by Visa as well as rival US credit card giant Mastercard, EGRmagazine.com has now confirmed, with tens of thousands of US online gamblers likely to have been affected.
As reported yesterday, US-facing operators were hit by an overnight tightening of restrictions on the use of credit cards for egaming transaction ahead of the implementation of Americas Unlawful Internet Gambling Enforcement Act (UIGEA) law on 1 June, which bans the facilitation of online gambling by banks and other payment companies.
The action was at the time of writing confirmed as applying to US-registered cards issued by Mastercard, but rumours that a crackdown had also been launched by Visa had not been substantiated. However eGaming Review has now confirmed that these too are subject to the ban.
Repeated attempts to use a US-registered Visa card by an eGaming Review reporter on PokerStars last night were declined, with the American poker giant sending an email in response that read:
Status: DECLINED.
Your credit card transaction has been declined. If your credit card information was entered correctly and you have sufficient funds, your transaction was probably declined due to Internet gaming restrictions set by your credit card issuer.
Other sites likely to have been hit by the action will include PokerStars arch rival FullTilt and US sports betting giant Sportsbook.com, which yesterday announced that it will leave the Cake Poker network to join that offered by Ireland's Merge Gaming.
UIGEA was originally supposed to have been enforced from 1 December 2009, although the US treasury later approved a delay allowing companies until 1 June this year to comply.""
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Here is the antidote!
I've spent the last two days researching the stuff and there is probably a way how to screw up the party.
Anno 1996 a company named e-gold (which as of now is in serious trouble because it was located under the US jurisdiction and was raided by the US goverment about 18 months ago) invented the world of alternative payment methods. A couple of other companies follow suit but nevertheless due to a couple of reasons they never managed to become mainstream but a small number of them are still up and running and operational.
Like this one for example:
It works basically like an e-wallet and can be compared to moneybookers/neteller and this is the way the company advertizes itself:
But there is a crucial difference if you compare it to the mainstream wallets. If you want to fund the libertyreserve account you don't make a bankwire/credit card transaction/whatever to this company's accounts but you have to use the so called exchangers:
Outdated URL (Invalid)
An exchanger is a small company which offers various deposit and withdrawal methods to fund or withdraw money from your libertyreserve account (and get the money to fund their libertyreserve account from the company itself). Like this one for example:
Link Removed ( Old/Invalid)
So if you want to fund your LR account via a bankwire for example you transfer the desired amount to this company's let say US bank account, pay a small fee for the exchange and when the exchanger receives the money it makes a money transfer to your LR account. If you want to withdraw money from LR you can use this one or another exchanger to withdraw to let say credit card or moneygram (for a small fee of course). An exchanger offers basically as many deposits and withdraw methods as possible and just shifts the money.
This idea is quite interesting because if you do the funding from the US this isn't classified as gambling transaction but looks like a normal business transfer and even if the US gambling market has a size of let say US $20 billion / year this is just a trickle compared to the size of the US economy.
The various e-currencies were setup with the idea to make free commerce possible and under jurisdiction where the US regime doesn't have access to like costa rica in case of liberty reserve:
Outdated URL (Invalid)
...and don't have a problem to fund gambling sites (under entertainment):
Outdated URL (Invalid)
so once the money is in the LR account it can be used wherever you like it to and is out of reach of the US authorities so it cannot be proven that the money in there is used for gambling transactions. Given that it is an e-wallet instant transfers are possible and there isn't any problem with the chargebacks.
The problem will be of course that the authorities will sooner or later find out that a wallet is mainly used for gambling transaction. The beauty of the concept is however that given the size of the market you could sustain without any problems let say 200-300 exchangers making the payment process not static but DYNAMIC (adapting to the pressure applied by authorities). The authorities can finish off a wallet like quicktender pretty quickly because it is quite easy to cut the funding via CC/bankwire and the wallet is done. An exchanger looks from a bank's point of view like a normal business that is offering a lot of payment options (and does not have to be necessarily located in the US) and even if the authorities should become interested in one payment option or another it can quickly adapt and switch to another ones or even another countries. Should the authorities manage to take down a couple of exchangers (which is rather improbable because it cannot be proven that the exchange money is used for gambling) this will not change anything because there are a lot of alternatives around who can quickly adapt to new circumstances and new exchangers constantly coming up too...
Liberty Reserve is not the only alternative payment method which can be funded this way. You got for example:
Perfect Money:
C-Gold:
...and a couple of others who can be funded by the exchangers.
I believe this is the best way to go about the problem because the exchangers would make sure that the US customers have a lot of payment options available to them and due to the competition amongst them and the size of the market the exchange fees would be probably not more than 1%.
The biggest problem in this arrangement is that this world of alternative payment methods is an even bigger mess than online gambling and it would take some time and a lot of effort to make it work reliable and especially making sure that the authorities don't have any access to the couple of wallets who are the core of the concept.
But should that succeed it is quite possible that the online gambling industry will be able to grow even if UIGEA is fully implemented and a concept like this is especially interesting when dealing with countries that may come up with the same ideas like the US.
I hope the stuff that i written here makes any sense and should i have overseen something please let me know...Thanx.
I've spent the last two days researching the stuff and there is probably a way how to screw up the party.
Anno 1996 a company named e-gold (which as of now is in serious trouble because it was located under the US jurisdiction and was raided by the US goverment about 18 months ago) invented the world of alternative payment methods. A couple of other companies follow suit but nevertheless due to a couple of reasons they never managed to become mainstream but a small number of them are still up and running and operational.
Like this one for example:
You do not have permission to view link
Log in or register now.
It works basically like an e-wallet and can be compared to moneybookers/neteller and this is the way the company advertizes itself:
You do not have permission to view link
Log in or register now.
But there is a crucial difference if you compare it to the mainstream wallets. If you want to fund the libertyreserve account you don't make a bankwire/credit card transaction/whatever to this company's accounts but you have to use the so called exchangers:
Outdated URL (Invalid)
An exchanger is a small company which offers various deposit and withdrawal methods to fund or withdraw money from your libertyreserve account (and get the money to fund their libertyreserve account from the company itself). Like this one for example:
Link Removed ( Old/Invalid)
So if you want to fund your LR account via a bankwire for example you transfer the desired amount to this company's let say US bank account, pay a small fee for the exchange and when the exchanger receives the money it makes a money transfer to your LR account. If you want to withdraw money from LR you can use this one or another exchanger to withdraw to let say credit card or moneygram (for a small fee of course). An exchanger offers basically as many deposits and withdraw methods as possible and just shifts the money.
This idea is quite interesting because if you do the funding from the US this isn't classified as gambling transaction but looks like a normal business transfer and even if the US gambling market has a size of let say US $20 billion / year this is just a trickle compared to the size of the US economy.
The various e-currencies were setup with the idea to make free commerce possible and under jurisdiction where the US regime doesn't have access to like costa rica in case of liberty reserve:
Outdated URL (Invalid)
...and don't have a problem to fund gambling sites (under entertainment):
Outdated URL (Invalid)
so once the money is in the LR account it can be used wherever you like it to and is out of reach of the US authorities so it cannot be proven that the money in there is used for gambling transactions. Given that it is an e-wallet instant transfers are possible and there isn't any problem with the chargebacks.
The problem will be of course that the authorities will sooner or later find out that a wallet is mainly used for gambling transaction. The beauty of the concept is however that given the size of the market you could sustain without any problems let say 200-300 exchangers making the payment process not static but DYNAMIC (adapting to the pressure applied by authorities). The authorities can finish off a wallet like quicktender pretty quickly because it is quite easy to cut the funding via CC/bankwire and the wallet is done. An exchanger looks from a bank's point of view like a normal business that is offering a lot of payment options (and does not have to be necessarily located in the US) and even if the authorities should become interested in one payment option or another it can quickly adapt and switch to another ones or even another countries. Should the authorities manage to take down a couple of exchangers (which is rather improbable because it cannot be proven that the exchange money is used for gambling) this will not change anything because there are a lot of alternatives around who can quickly adapt to new circumstances and new exchangers constantly coming up too...
Liberty Reserve is not the only alternative payment method which can be funded this way. You got for example:
Perfect Money:
You do not have permission to view link
Log in or register now.
...which is located in Panama.C-Gold:
You do not have permission to view link
Log in or register now.
...which resides on the Seychelles....and a couple of others who can be funded by the exchangers.
I believe this is the best way to go about the problem because the exchangers would make sure that the US customers have a lot of payment options available to them and due to the competition amongst them and the size of the market the exchange fees would be probably not more than 1%.
The biggest problem in this arrangement is that this world of alternative payment methods is an even bigger mess than online gambling and it would take some time and a lot of effort to make it work reliable and especially making sure that the authorities don't have any access to the couple of wallets who are the core of the concept.
But should that succeed it is quite possible that the online gambling industry will be able to grow even if UIGEA is fully implemented and a concept like this is especially interesting when dealing with countries that may come up with the same ideas like the US.
I hope the stuff that i written here makes any sense and should i have overseen something please let me know...Thanx.
Pinababy69
RIP Lisa
- Joined
- Oct 15, 2004
- Location
- Toronto, Ontario - Canada
So this is persona #6 Nitro? Link to your post over at the GPWA, posting as Nitro:
You do not have permission to view link
Log in or register now.
Copy and paste of the same post you just made here. I thought you wanted your membership deleted? What a nutjob you are.
Anyway, what good is EGold..when it's not an accepted deposit/withdrawal method at REPUTABLE casinos?
- Joined
- Jan 30, 2006
- Location
- Los Angeles
y-May et-Naypend-Say isa-Vay ard-cay till-say unds-fay y-may ick-Quayender-Tay ccount-ay ite-quay icely-nay, YI-Fay.
Pinababy69
RIP Lisa
- Joined
- Oct 15, 2004
- Location
- Toronto, Ontario - Canada
To keep on track...I had a question. Does anyone know if this is affecting strictly US based Mastercards and Visas? Or will it be worldwide?
I know I also read that QT had blocked MC funding a few days ago...I'm assuming that they will now probably also block Visa transactions. Where does this leave the US player? Wired Plastic stopped working a while ago, and Netspend is also Visa right? What options will be left for them?
I know I also read that QT had blocked MC funding a few days ago...I'm assuming that they will now probably also block Visa transactions. Where does this leave the US player? Wired Plastic stopped working a while ago, and Netspend is also Visa right? What options will be left for them?
Pinababy69
RIP Lisa
- Joined
- Oct 15, 2004
- Location
- Toronto, Ontario - Canada
y-May et-Naypend-Say isa-Vay ard-cay till-say unds-fay y-may ick-Quayender-Tay ccount-ay ite-quay icely-nay, YI-Fay.
I got a headache reading that Bern, lol.
I'm wondering though...how much longer will this work? Surely they can't be far behind MC?
Man, some of these operators must be frantic right now. What a nightmare!!
I funded my QT account Friday using my debit visa but now I'm worried about my withdrawal. Will my bank accept my quicktender? jeez Louise they are implementing something that is not even law yet.
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