1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Prepaid ATM Heads Up!!!

Discussion in 'Online Casino and Poker Complaints - old section' started by jmildstone, Mar 9, 2005.

    Mar 9, 2005
  1. jmildstone

    jmildstone Dormant account

    Location:
    Vermont
    Many people that i know (merchants) are having a hard time trying to pull their funds out from Prepaid atm.

    I advice you guys to stop funding your PPATM account and if you are requesting a payout from a casino - ask to have your funds sent back using an alternative method.
     
  2. Mar 11, 2005
  3. mgwallace

    mgwallace Dormant account

    Location:
    Mississippi
    Prepaid ATM Problem


    My granddaughter has a prepaid ATM personal account. She maintained a large balance in it until just a few weeks ago, when, WITHOUT WARNING, prepaid atm REMOVED ALL FUNDS FROM HER ACCOUNT under the pretext of an "audit". It took several days and several phone calls to get them to put the money back, while she is scrambling to pay her bills.

    She has since cleared it out and will never use prepaid atm again. After her experience, I decided NOT to ever open a prepaid atm account. I think they are criminals.

    MW
     
  4. Mar 11, 2005
  5. mary

    mary Dormant account

    16-08-2002, 02:37 PM #1
    The Original Mary
    VIP

    Join Date: Oct 2000
    Posts: 2,691 Mary worried about Prepaid ATM

    --------------------------------------------------------------------------------

    I know this isn't going to make me popular, but I want players to be aware of two things about Prepaid ATM.

    1. Banking and financial institution regulations do not apply. I can find no assurances of financial solvency or record keeping that would be required of such institutions.

    2. Only online casino sites, and few of those, use this service. This indicates to me that it is a business expressly set up for online casino transactions.

    I'm not an attorney. But I don't see this business adhering to any oversight any more than does the average online casino...and, as an online gambling centered business headquartered in the USA, they could be vulnerable to having their assets held during any law enfrocement investigation, for example, looking for money laundering.

    My personal opinion is for players to not use this service. This is my opinion only and does not reflect the OPA, my friends, family, church, or political party.

    If anyone has information otherwise to my assertions here, I welcome that it be posted.

    If your opinion is that I'm being a meanie and judging someone as guilty without evidence etc.--hey, financial handling, bank service, investment advice, etc. are not things to screw around with in the US.

    16-08-2002, 02:45 PM #2
    The Original Mary
    VIP

    Join Date: Oct 2000
    Posts: 2,691 Mary worried about Prepaid ATM

    --------------------------------------------------------------------------------

    PrepaidATM.com is registered to Allen Ross in Ohio.

    Here's an interesting bit of info from The Prescription:

    Allen Ross, a co-manager of Island Casino, was one of the original pioneers. He plead guilty to a reduced misdemeanor charge and is not permitted to leave the country. He gave up his involvement with Unified Gaming, a gambling software platform based out of San Jose, Costa Rica, back on April 1, 2001.

    "I have not been in involved with Unified since April 1. The only involvement I have is sitting on an advisory board, which determines new products and future plans," according to Ross, who now resides in Akron, Ohio.

    Ross was the last to turn himself in to authorities, excluding those still on the lamb. Ross, like Bob Dole, is a big Britney Spears fan, though he uses the excuse "I've been taking my 12-year old son to see her in concert". Sure you have! And Bob Dole's dog is the only one with its tongue out in those Pepsi commercials too. Just admit it, we all love Britney!
    ................................

    Anybody want to make bet on how many Allen Rosses there are in Ohio with an interest in online gaming?
     
  6. Mar 25, 2005
  7. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Explains this then!

    I have just received this totally 'out of the blue' from Lucky Chance.


    Dear Mr. <vinylweatherman> (my edit)

    We inform you that LuckyChance Casino can not accept your payments made by PrePaidATM, as it is an unfair company and transferring money with this payment method implies a great risk of being cheated.

    Please, use another payment methods - Neteller, Credit card, EcoCard, E-gold, PaySafeCard.

    Good luck!

    I was taken aback, as I have never used PrePaid ATM, and thought this accusation of 'cheating' coming from an online casino a bit rich - particularly one with an unusually 'lucky' Blackjack dealer, and Video Poker with a 100%+ theoretical paytable! I can see from this thread though that problems with PrePaid ATM have surfaced, although I could find only positive comment through Google.
     
  8. Mar 26, 2005
  9. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I don't hold any brief for PPATM, because there have been rumours for a long time regarding them and their rather colourful founder and bossman, but if you're dealing with Lucky Chance you're playing with fire - it's a Russian owned operation - there was an item on them and Gaming Mastery in Casinomeister News a couple weeks back.
     
  10. Mar 27, 2005
  11. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    Most reputable casinos no longer use PPATM although you will find a few. It is almost impossible now to find a poker room that uses them. Here is a link to a discussion on gambling911 that Sting gives an explanation I have heard a few times with a few variations.

    You must register/login in order to see the link.
     
  12. Mar 28, 2005
  13. slotchik

    slotchik Dormant account

    Occupation:
    Marketing
    Location:
    USA
    new owners took over after the first of the year. I dont know if that has anything to do with what's happened.
     
  14. Mar 29, 2005
  15. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Lucky Chance

    I don't play there often now, although they have always paid up really fast. Can you give me links to those items as I have not spotted anything recently. I did partake in a thread last year where I cast doubt on their Blackjack, but was told that accusations they were cheating had to be proved. I have been gathering evidence since from my gamelogs. I have calculated the house edge for their Blackjack at around half a percent, so with a bonus win-back rate of 2.5% they should be beatable - but strangely they are still in business and have not restricted Blackjack play in the T & C.
    Unfortunately [for them :)] a recent update of their software has altered the way that bonuses are handled when wagered. I initially thought the E-mail from them about PrePaid ATM was because it allowed players to make successful chargebacks!
    I will search for more recent news elsewhere.
     
  16. Mar 29, 2005
  17. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    From March 18 Casinomeister News:

    MYSTERY ON MASTERY LIFTED

    But no comment on Casino On Net.ru!

    Last week InfoPowa reported on the strange reticence at Luxembourg-based Gaming Mastery, a turnkey company responsible for loosing Lucky Chance.com on the Internet and on unsuspecting online gamblers.

    Our report highlighted new information coming to light that Russian businessmen people were behind the companies, and that a faux *Casino On Net.ru* was in operation.

    This week, much of the report was confirmed by one Dmitry Kotsubanov who came forward with the following statement:

    "1. My name is Dmitry Kotsubanov, I am Russian and I am writing this post sitting in my office of Sales Director of GamingBits, in Russia.
    my email is This email is not visible to you., my phone nr. is +7 (095) 722-3-911.

    2. GamingBits is a trademark belonging to "IAA Web Design Company, Ltd." since 2003.

    3. GamingMastery, Luxembourg is an independent, in the legal sense, organisation that has placed to us a request for participation in tender. Since we were the lowest bidder, we won that tender and got the request to develop an online casino, yet then we were unaware of who would be the owner of the casino we developed.

    It turned out that the owner of the casino was a russian company ROSBET, Ltd. that placed the order to GamingMastery.

    To make long story short, now we are exclusive developers of the software for GamingMastery. We have the right to sell at our own condiions all over EE and CIS, while GamingMastery sells to Americas, Europe, MEA countries.

    This information, if needed, can be verified by David Kimble, operating manager of GamingMastery.

    Regarding the Lucky Chance Casino: I can confirm that the Lucky Chance Casino is operating the software that we developed for GamingMastery and that was licensed after that to Lucky Chance Casino. I can guarantee that GamingMastery never did obtain from us any technique, capable of modifying the outcome of any card or dice or roulette game depending on the wagers placed. More than, according to the license agreement, no casino using this software can put software developers' logo on its website."

    Unfortunately, Mr. Kotsubanov did not clarify the allegations regarding Casino On Net.ru!
     

Share This Page