- Joined
- Sep 16, 2008
- Location
- nashville tn
Hes trolling several threads........CM says hes sending him on vacation.....so good riddance
Last edited by a moderator:
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
- Pictland
Priceless
Say what? What, pray tell, is 'priceless' about that?
- Joined
- Oct 14, 2004
- Location
- United Kingdom
- 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
- 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
- Pictland
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.
- Joined
- Mar 10, 2005
- Location
- Pennsylvania
Really? I just used my Visa debit last night without a hitch..
- Joined
- Jan 20, 2004
- Location
- Pictland
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
- Pictland
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.
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- 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?
- Joined
- Jun 16, 2006
- Location
- In the Beautiful South !!
- Joined
- Jan 9, 2010
- Location
- NY
If 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.
- 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:
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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.
- 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?
- 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!!
- Joined
- May 11, 2008
- Location
- Florida
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.
DaveG39
Full Member
- Joined
- Jul 19, 2009
- Location
- Glendale,CA,USA
I'm in the same boat. I just had a wire sent from QT to my bank. I was gonna make another deposit, but not now. I'm done, for now.
- Joined
- Jan 20, 2004
- Location
- Pictland
Very much the point I tried to make earlier. As I said, there will be casualties.
- Joined
- Jan 30, 2006
- Location
- Los Angeles
As far as I know, it's always been MC, non-non! and Visa Oui-oui!
I thought it was commom knowledge and didn't think anyone was still even using MC.
Bank's have no clue what the hell QT is and QT wouldn't give up the game if they were put on the rack. This, f'shizzle good thru 02/08/2010.
- Joined
- Sep 20, 2005
- Location
- Left Hungary
This shouldn't affect QT withdrawals to your bank account. It is not to a credit card but to your checking/savings account.
I will know in a few days since I have one pending into my bank account.
.
i play at a place ortwo hi profile poker rooms and direct from my checking acct ,[ of course its my hobby account ]
so i think no matter what happens there's always going to be a way
in the past ive been paid from domestic s&l's right her in the mid west althow i live in east coast
never going to stop it never could stop booze in prohibition :noteworthy
PS loose lips sink ships
Could you explain to dumbasses like myself how financial institutions security and fraud prevention as well as compliance profiling works assuming these institutions ever decide to implement!!i play at a place ortwo hi profile poker rooms and direct from my checking acct ,[ of course its my hobby account ]
so i think no matter what happens there's always going to be a way
in the past ive been paid from domestic s&l's right her in the mid west althow i live in east coast
never going to stop it never could stop booze in prohibition :noteworthy
PS loose lips sink ships
- Joined
- Jan 21, 2009
- Location
- somewhere else
I just dropped my bank mc debit card and added a new visa pp at qt no problem and I hardly think the banks are going to refuse money COMING into it no matter where it's from.
And I 'm sure qt isn't 'blocking' any cards, it's the card blocking itself.
And I 'm sure qt isn't 'blocking' any cards, it's the card blocking itself.
- Joined
- Jan 30, 2006
- Location
- Los Angeles
I thought I already made that perfectly clear, Link Outdated / Removed
Oh, and, uh ix-nay on the oose-lay alk-tay, K-Oyay?
- Joined
- May 11, 2008
- Location
- Florida
I know I'm only going to be using prepaid from now on. I wish the reputable casinos would take a moneygram..there's no way to trace that and also funds can be sent back via moneygram or western union.
This really is getting ridicoulous the measures that we have to go through to play.
This really is getting ridicoulous the measures that we have to go through to play.
- Joined
- Dec 2, 2006
- Location
- miami fl
This really is getting ridicoulous the measures that we have to go through to play.
__________________
that's exactly what " they " want....make our gambling life impossible with all these restrictions
__________________
that's exactly what " they " want....make our gambling life impossible with all these restrictions
- Joined
- Sep 20, 2005
- Location
- Left Hungary
What really angers me is that you can walk into any casino in any state, pop in your MC or Visa or Debit bank card and make a withdrawal to gamble with. Are these guys stupid or what? How can you make gambling with your own money illegal online ??? When you can gamble with anyones money at the casino???
What sick bozo's do we have running the joint up there called the "Whitehouse"?? It aught to be called the joke house!
...
What sick bozo's do we have running the joint up there called the "Whitehouse"?? It aught to be called the joke house!
...
- Joined
- Jan 21, 2009
- Location
- somewhere else
No they think WE are stupid and I guess we are for putting up with it but I wont go there right now.
p.s. ottit-gay bern!
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DaveG39
Full Member
- Joined
- Jul 19, 2009
- Location
- Glendale,CA,USA
No they think WE are stupid and I guess we are for putting up with it but I wont go there right now.
p.s. ottit-gay bern!
Stupid or hopelessly addicted, you decide which for yourselves.
To bern: I-yay ought-thay at's-thay why-yay he-thay Admins-yay id-hay is-thay orum-fay
love2winalot
Dormant account
- Joined
- Feb 10, 2009
- Location
- Philippines/Visiting Las vegas
You can fund a account at Bodog, using western union. You have to call them to do this, and the money is first sent to the Philippines, and then to Bodog.
Hmmmmmmmm, When i move there in April, maybe i will go work for Bodog, and you all can send your money to me???????/ hehehe
Hmmmmmmmm, When i move there in April, maybe i will go work for Bodog, and you all can send your money to me???????/ hehehe
- Joined
- Jun 16, 2006
- Location
- In the Beautiful South !!
I did the WU and MG thing the first few years i played online, its not worth the headaches and trouble, if one name and sometimes there are as many as five names is mis -spelled or just not so so ,you go thru a process from hell trying to straighten it out and you better have a good story when you try to get it corrected thru WU, not to mention the high fees and only being able to play at that one casino.
I look for WU and MG to be also taking a hard look at those who make alot of overseas transactions, They arent that stupid and have to know whats going on.............laurie
I look for WU and MG to be also taking a hard look at those who make alot of overseas transactions, They arent that stupid and have to know whats going on.............laurie
- Joined
- Oct 11, 2006
- Location
- USA
I'm pretty sure it all has to do with keeping the $$$ in the USA.
- Joined
- Sep 18, 2004
- Location
- California
Some time back a woman filed bankruptcy and had gambling debt successfully discharged by the BR Court. Visa and Mastercard appealed the ruling but ended up losing as gambling debt is not enforceable. Since that time, Visa and MC disallowed charges for gambling since they cannot enforce repayment of that debt. If you slipped by the radar, you were lucky
- Joined
- Jan 30, 2006
- Location
- Los Angeles
Stupid or hopelessly addicted, you decide which for yourselves.
To bern: I-yay ought-thay at's-thay why-yay he-thay Admins-yay id-hay is-thay orum-fay
It IS??? So how the f did I find it? Oh yeah, new posts - Mastercard/Visa -- huge seizure
aybe-May hey-tay hould-say a id-hay his-tay omwheres-say lse-eay
!4 of a kind
Repeated violations of forum rule 1.16 - troll
- Joined
- Mar 11, 2009
- Location
- New York
Back in 2001 long before the UIGEA was passed I was still heavy hitting at online casinos and would make deposits via Western Union several times a week. It was a simple process for me since one of the stores right across the street from my business handled W.U.
Towards the end of that year I went to send another W.U. and it wouldn't go through. I contacted W.U. by phone and after a few questions confirming it was me, I was transferred to some security department. They knew the exact total I had sent this year, and I felt I was being drilled by a prosecutor attorney about my transactions and immediately got nervous. I admitted it was for online gambling but it wasn't just my money. I told him it was me and a bunch of my friends that were gambling together sending the money through my name. He asked a few more questions and stated they would be in touch with me if need be. The total amount sent was rather substantial and no need to mention it here, certain to get posters that would doubt me.
Although I initiated the phone call to find out why my W.U. was denied, two days later I received a letter from W.U. to contact their security department, which of course I felt I already did and didn't make another call.
I stopped all western unions at this point and went to credit cards.
Recently when I had some trouble at my bank I tried another W.U. (first one in ten years since that incident) and it went through. Of course I then got a NetSpend account, Quick Tender account, and a Wired Plastic account.
So I would think with today's present conditions W.U. won't hold up for long if it becomes the main way to deposit for most players. Red flags were triggered back then in 2001.
It is written in stone on the back of most credit card statements.Some time back a woman filed bankruptcy and had gambling debt successfully discharged by the BR Court. Visa and Mastercard appealed the ruling but ended up losing as gambling debt is not enforceable. Since that time, Visa and MC disallowed charges for gambling since they cannot enforce repayment of that debt. If you slipped by the radar, you were lucky
So what role and responsibility did these onlines and processors take mis-coding transactions. Is this not money laundering et al? If so, WOW!!
DaveG39
Full Member
- Joined
- Jul 19, 2009
- Location
- Glendale,CA,USA
It IS??? So how the f did I find it? Oh yeah, new posts - Mastercard/Visa -- huge seizure
aybe-May hey-tay hould-say a id-hay his-tay omwheres-say lse-eay
e-Thay id-hay it-yay rom-fray e-thay outside-yay (ie oogle-Gay) ut-bay ot-nay o-tay embers-may.
Note, my last withdrawal from QT was accepted from my bank. Going to try one more deposit from NetSpend in a few days, but, if it's declined, I'm done gambling online until/unless UIGEA is repealed...or I decide paying QT twice is a good idea (not likely lol).
love2winalot
Dormant account
- Joined
- Feb 10, 2009
- Location
- Philippines/Visiting Las vegas
Hiya: Well everyone knows that Western Union is the easiest way to send money overseas. Everyone also knows that part of the money being sent to Mexico, Aisa, Europe, and so on, is being used for illegal activities of one kind or another. However, it is not against the Law to send money to any of these places.
However, it is not just Western Union, it is ANY/All places that do money transfers. We send between $500 to $1800 every month to the Philippines thru PNB here in Las Vegas. It goes to my wifes brother, into his $ bank acct. Never any issues at all, "but once".
That was a few years ago when we sent the 50% payment to have our house built. We sent $30,000. This was an issue, and we had to fill out a bunch of forms, and sign papers that it was not going to be used for any type of illegal activities, and so on. BOA said that we would have to do the same type of papers if we had sent it through them.
So, Anything over $2000 is not considered a, "Normal" amount of money to send out of the USA, and no matter how you do it, you may have a bit of a hassle.
Oh, and as far as the Money Laundering part. By the letter of the Law, Is not getting money, putting it on a Pre Paid debit card, sending it to a 3rd party money processor overseas, having them send it to someone else, "in this case on line casino's", and then having the process reversed, and YOU getting New Money in your Pocket= pretty much the defination of money laundering.
Did you know that Neteller, and Moneybookers, not only do not allow transactions to/from the USA, they also do not allow them to/from the Philippines? They both stated to me the same reason, as being, Illegal in the USA, and weak anti money laundering laws in the Philippines.
None of us are trying to launder money. All we are doing is gambling on the internet, just as most of us always have ever since on line casino's came into existance. If, I/We now have to be a little creative in order to keep doing this, then so be it. It makes NO difference to Me, or all most all of US, if we send the money directly to the Casino, or have to go thru 5 different locations before it would finially ends up in the casino. It is NOT money laundering, it IS on line Gambling......
However, it is not just Western Union, it is ANY/All places that do money transfers. We send between $500 to $1800 every month to the Philippines thru PNB here in Las Vegas. It goes to my wifes brother, into his $ bank acct. Never any issues at all, "but once".
That was a few years ago when we sent the 50% payment to have our house built. We sent $30,000. This was an issue, and we had to fill out a bunch of forms, and sign papers that it was not going to be used for any type of illegal activities, and so on. BOA said that we would have to do the same type of papers if we had sent it through them.
So, Anything over $2000 is not considered a, "Normal" amount of money to send out of the USA, and no matter how you do it, you may have a bit of a hassle.
Oh, and as far as the Money Laundering part. By the letter of the Law, Is not getting money, putting it on a Pre Paid debit card, sending it to a 3rd party money processor overseas, having them send it to someone else, "in this case on line casino's", and then having the process reversed, and YOU getting New Money in your Pocket= pretty much the defination of money laundering.
Did you know that Neteller, and Moneybookers, not only do not allow transactions to/from the USA, they also do not allow them to/from the Philippines? They both stated to me the same reason, as being, Illegal in the USA, and weak anti money laundering laws in the Philippines.
None of us are trying to launder money. All we are doing is gambling on the internet, just as most of us always have ever since on line casino's came into existance. If, I/We now have to be a little creative in order to keep doing this, then so be it. It makes NO difference to Me, or all most all of US, if we send the money directly to the Casino, or have to go thru 5 different locations before it would finially ends up in the casino. It is NOT money laundering, it IS on line Gambling......
- Joined
- Sep 18, 2004
- Location
- California
Can't say if it rises to the level of money laundering and can say it's a bigtime no-no of the rules/regs placed by the CCs!
Is this an official legal opinion, not........Casinos and processors mis-coding transactions so you can gamble online, humm how is that working out for Rennick et al?? Hint: casinos and processors and I am not just referencing Rennick as MC et VISA hold the pocket ACES!!!!!!
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