Quicktender and TD Bank

[jakzak]

Living in the US the options are few as far as online gambling is concerned. I opened an account at 3dice and really liked the site. I was told they did not accept direct credit card deposits and was invited to open a quicktender account which i did.
We tried to get a deposit through 3 times, but were unsuccessful. Later that night I was out to dinner with my family and when I wnet to pay for the meal I was told my debit card was declined. I know I had plenty of funds to cover the check so I called the customer service number on the back of my TD card. It was then I was told my account was closed due to the fact I was using it for online gameing. I explained I was unaware of the policy and they did reopen my account and released my funds.

Just a warning if playing with your debit card, make sure your bank does not have a policy with regards to online gaming.

Alan

 

[Diane]

Thanks for the info on your experience.

I am surprised that at QT transaction got flagged as online gaming. It was good that you were able to get the account reopened.

However, it does reinforce what I have always recommended which is to totally segregate your online (and B&M) financial transactions from your typical family household and other investment accounts.

Set up an account JUST FOR GAMBLING - NOTHING ELSE - Don't co-mingle it with other funds. Use it only as the in/out vehicle for QT transactions. Then as the account (hopefully) builds up a nice balance, withdraw it in cash, or convert it to pre-paid Visa card type instruments and do with it as you will. I don't recommend keeping any significant dollars in the account.

IMO
Diane

 

[ksech]

The thing is, you have be careful, because more and more institutions are blocking international wire transfers. QT comes through as an international wire transfer, I've had one account closed because of this and my new account uses MC to get around this. I can go sign a waiver to allow this, but have to state what it is for. I'm not sure if this would be different for a business account rather than a personal account though.

 

[me_and_ed]

Living in the US the options are few as far as online gambling is concerned. I opened an account at 3dice and really liked the site. I was told they did not accept direct credit card deposits and was invited to open a quicktender account which i did.
We tried to get a deposit through 3 times, but were unsuccessful. Later that night I was out to dinner with my family and when I wnet to pay for the meal I was told my debit card was declined. I know I had plenty of funds to cover the check so I called the customer service number on the back of my TD card. It was then I was told my account was closed due to the fact I was using it for online gameing. I explained I was unaware of the policy and they did reopen my account and released my funds.

Just a warning if playing with your debit card, make sure your bank does not have a policy with regards to online gaming.

Alan

Kinda funny, TD is a Canadian bank doing business internationally, no restrictions in Canada with the exceptions of the credit cards getting declined for gaming transactions.

 

[rockycatt]

new jersey governor just recently voted out/down online gaming maby this was a brown nose the state administration thingy

 

[voodookitty]

My Wired Plastic acct. was closed about 6 months ago due to transactions with Quick Tender.
I didn't know it, until I went to withdraw some money from the ATM machine and was declined.

I had some problems getting them to release the balance on the card, back to me.
They kept telling me that someone would contact me regarding my acct., as it was "under investigation"..... but, no one ever did.

I ended up filing a complaint with the Better Business Bureau and shortly after, I received a check from Wired Plastic.

 

[Diane]

My payments from QT to my gaming credit union account come through as wire transfers marked "commissions" or "settlement". So far no problems, but I remain every wary and vigilant....

Diane

 

[vinylweatherman]

Thanks for the info on your experience.

I am surprised that at QT transaction got flagged as online gaming. It was good that you were able to get the account reopened.

However, it does reinforce what I have always recommended which is to totally segregate your online (and B&M) financial transactions from your typical family household and other investment accounts.

Set up an account JUST FOR GAMBLING - NOTHING ELSE - Don't co-mingle it with other funds. Use it only as the in/out vehicle for QT transactions. Then as the account (hopefully) builds up a nice balance, withdraw it in cash, or convert it to pre-paid Visa card type instruments and do with it as you will. I don't recommend keeping any significant dollars in the account.

IMO
Diane

Maybe you shouldn't be. The banks have been gathering intelligence for a while now, and from recent seizures it seems the authorities know more than they are letting on.

Now that it seems QT has been flagged, there is a risk that there are already moves under way to seize some of it's funds. The first you will know is when they have extended "technical difficulties".

This bank also seems to have a policy of "shoot first, ask questions later". Maybe this is a scare tactic being used against those customers caught out, hoping to frighten them into NEVER trying it again, even if casinos come up with a "work around".

Segregating internet and "normal" finances between 2 (or more) different banks is now even more important than ever, so that a sudden account freeze ONLY affects the gambling fund, and NOT the food & bills fund.

I wonder when the rank & file US citizen will rise up because this starts to cripple their NON GAMBLING transactions, as it already seems that ALL international transactions are being throttled by implementation of UIGEA, yet they are not ILLEGAL, merely REPORTABLE to the IRS where more than $10K is held offshore.

In the end, this will make the determined player an accomplished money launderer, as they fight to keep their hobby alive. In the long term, this is an "arms race", and every move of oppression will be met by an even more complicated solution. It's the same with tax law, every time taxes increase, accountants dream up ever more complicated avoidance schemes, and in the end NO-ONE, not even the TAXMAN, understands the law, and how much tax has been evaded.

 

[ksech]

My payments from QT to my gaming credit union account come through as wire transfers marked "commissions" or "settlement". So far no problems, but I remain every wary and vigilant....

Diane

Is your bank charging you an international wire fee? If so, this is where they are catching peoples accounts, it doesn't matter how it is coming through (i.e. settlement/commission) it's still an international wire transfer.

 

[ballysdb]

I also have Td Bank which flagged Quicktender as a "gambling" site quite a while ago.

What scares me is that someone posted that Td bank doesnt allow international wire transfers.

I recentley cashed out at Rich Reels and requested a wire transfer as they did not have many options. Should I be worried? I didnt want to ask my branch if they allowed Int. wire transfers.

 

[ballysdb]

Rich Reels says it will take 5-10 business days for the money to hit my checking account. Friday requested cashout...24 hours later its not pending anymore...Monday it gets proccessed.

So I should excpect to receive it Mon the 14th or Mon the 21st. Does that sound right? I'm not saying it doesn't...just havent cashed out in about 8 years! lol

 

[reda]

i noticed before when i was depositing with the alert pay option that my bank charged me a 2.00 international fee and i kinda got worried about that and am glad now that alert pay option is no longer available to me.

 

[Stovetopp]

TD BANK specifically states on their website and on their statement that they do not accept or disbuse funds to or from Gambling sites. That was the first thing I noticed so why take chances

 

[Diane]

Is your bank charging you an international wire fee? If so, this is where they are catching peoples accounts, it doesn't matter how it is coming through (i.e. settlement/commission) it's still an international wire transfer.

There is no charge from the credit union for these INCOMING wires from QT or direct from the sites I use. I will look closer when the next settlement comes trhoug on what it shows for the issuing bank. Last time I looked it showed a bank in Florida, if I recall correctly.

Diane

 

[felicie]

My Wired Plastic acct. was closed about 6 months ago due to transactions with Quick Tender.
I didn't know it, until I went to withdraw some money from the ATM machine and was declined.

I had some problems getting them to release the balance on the card, back to me.
They kept telling me that someone would contact me regarding my acct., as it was "under investigation"..... but, no one ever did.

I ended up filing a complaint with the Better Business Bureau and shortly after, I received a check from Wired Plastic.

Good for you filing a complaint since it sounds as though WP was just trying to scare you out of collecting your own money.

 

[jelsmith]

There is no charge from the credit union for these INCOMING wires from QT or direct from the sites I use. I will look closer when the next settlement comes trhoug on what it shows for the issuing bank. Last time I looked it showed a bank in Florida, if I recall correctly.

Diane

Its possible they are ACHing these in through US banks opposed to international wires especially if the bank is not charging a fee. The easiest way to tell is what time they show up. If they show up in the middle of the day at say 11am its a wire if it only post at night and shows first thing in the morining its ACH. Banks are required to post a wire the second they get it they are not allowed to wait til that nights posting at like 3am or whenever they update.

 

[Mousey]

I still don't see how these banks can get upset about funds moving to and from an eWallet. Directly to and from a casino, maybe. but an ewallet?? an ewallet is not a casino.

The little bank where I had QT withdrawals sent, took exception to 'international' transfers. Things were getting more complicated and I just quit trying to deposit and play.

the last time I cashed out from QT to my bank, it cost $30 in QT fees, $15 bank fees, and a mysterious missing $5 that when to who-knows-where fee. so I never had less than $550 withdrawn because it just cost too much.

And then there's the fees of loading a prepaid debit card (I would never, ever use my bank debit or cc) and the cost to transfer funds from prepaid to QT.

Hell the games don't have to be -EV for us to lose money. We're in the hole before we even make a deposit.

 

[vinylweatherman]

I still don't see how these banks can get upset about funds moving to and from an eWallet. Directly to and from a casino, maybe. but an ewallet?? an ewallet is not a casino.

The little bank where I had QT withdrawals sent, took exception to 'international' transfers. Things were getting more complicated and I just quit trying to deposit and play.

the last time I cashed out from QT to my bank, it cost $30 in QT fees, $15 bank fees, and a mysterious missing $5 that when to who-knows-where fee. so I never had less than $550 withdrawn because it just cost too much.

And then there's the fees of loading a prepaid debit card (I would never, ever use my bank debit or cc) and the cost to transfer funds from prepaid to QT.

Hell the games don't have to be -EV for us to lose money. We're in the hole before we even make a deposit.

Probably just fear of being busted for not properly enforcing UIGEA. The ban on ALL international wires may be down to the banks knowing how hard it is to tell the difference between ones they should block, and ones they should allow, and just not wanting the problem at all, thus banning ALL such wires.

 

[ballysdb]

So how will I know if they block it? If they do how will I get paid?

 

[ksech]

If the bank blocks it, you can ask the casino if they will send it Money Gram or Western Union. Some will, some won't. Make sure you ask what the fees are...

 

[jelsmith]

So how will I know if they block it? If they do how will I get paid?

You probably won't until the funds show back up in your account. The casino or ewallet should tell you it was returned.

 

[vinylweatherman]

So how will I know if they block it? If they do how will I get paid?

Once you know it was blocked, challenge your bank about it. They may not have any PROOF this is a gambling transaction, and unless there is a legal requirement for you to prove it isn't, the bank may well back down THIS time, and you will get this money. They might then ask you to sign a declaration that you will not use your account for gambling transactions in future, which would give them much more "power" over future transactions, and could get you into trouble if after signing this, the bank could PROVE that you made a gambling transaction on the account.

You should ALREADY be working on getting another bank account, and keep THIS one well clear of anything gambling related, since they already have you under scrutiny, making it much harder for you to receive future monies.

Ideally, try to keep movement between the banks and QT to a minimum, and leave the money offshore as much as possible, preferably in the accounts of well respected casinos, rather than QT.

It always seems that US players hit problems when moving money between their banks or cards, and the casinos. For most of us, this is the wisest strategy, since banks are much safer than casinos and eWallets, but with the US situation, this is the LEAST safe place to have money "tainted" by it's involvement with offshore casino and poker operators, and their processors.

I say "leave with casinos, rather than QT" because the most likely next "disaster" is a seizure of QT's accounts, rather than those of the casinos. Best to lose the ability to move money, rather than the money itself.

 

[Diane]

Its possible they are ACHing these in through US banks opposed to international wires especially if the bank is not charging a fee. The easiest way to tell is what time they show up. If they show up in the middle of the day at say 11am its a wire if it only post at night and shows first thing in the morining its ACH. Banks are required to post a wire the second they get it they are not allowed to wait til that nights posting at like 3am or whenever they update.

I have a QT withdrawal in process right now. When it hits my credit union, I will pay closer attention to the details shown the on the "route" it took and if its a wire or ACH.

Diane

 

[jelsmith]

Yes let us know. I have never used QT to send $ to my bank and would like to know what way they are sending it.

 

[reda]

i havent had a q t withdrawl in a while but when i did it stated on my banking statement ACH

 

[Stovetopp]

I have had several wires from QT to my bank.
I think QT and I know Bodog for sure sends by fed wire except if its less than a grand then I see ACH credit to my account I never asked QT to send unless its more than a grand and its always fed wire

BTW, I use a BIG bank and have had no problems I guess the banks have less transactions allowing them to manually check wire transfers
By big bank I mean CITI, WELLS FARGO WACHOVIA CHASE BANK OF AMERICA

 

[ballysdb]

Thank goodness the money is in my account as of this morning!

Cashed out Friday morning so less than a week is pretty good I have to say.

 

[jelsmith]

Using ACH lets the transactions fly under the wire and dont draw any attention....Thats good to know they ACH under 1k especially for players who have banks that babysit.

 

[Diane]

I have had several wires from QT to my bank.
I think QT and I know Bodog for sure sends by fed wire except if its less than a grand then I see ACH credit to my account I never asked QT to send unless its more than a grand and its always fed wire

BTW, I use a BIG bank and have had no problems I guess the banks have less transactions allowing them to manually check wire transfers
By big bank I mean CITI, WELLS FARGO WACHOVIA CHASE BANK OF AMERICA

I am never really clear on ACH (I know its "automatic clearing house") versus Wire transfer. I thought it was same thing.

So if there are any financial wiz's out there perhaps you can clarify.

Just like it appears to me that the term "cashier's check" and "certified check" are one and the same?

Thanks,
Diane

 

[jelsmith]

"Wire transfers are typically used for transferring large dollar amounts of funds between banks very quickly. In the United States, wire transfers are processed through the Federal Reserve Wire Network.


The acronym ACH can stand for “Automated Check Handling” or “Automated Clearinghouse.” ACH transactions are electronic checks, and are used for processing lower dollar amount payments. They are processed in a manner similar to that of paper checks, and do not travel directly from one bank to another.

ACH transactions are processed through a clearinghouse divides that handles crediting and deducting accounts of the originating and paying banks. It typically takes one or two days to settle ACH transactions."

 

[ksech]

A cashiers check and a certified check are two different things. Here are the definitions from Wikipedia (they explain it better than I could LOL):

A cashier's check (cashier's cheque, bank check, official check, demand draft, teller's check, bank draft or treasurer's check) is a check guaranteed by a bank. They are usually treated as cash[citation needed] since most banks clear them instantly. However, banks are permitted to take back money from a "cleared" check one or two weeks later if subsequent processing finds it to be fraudulent. Because customers believe the checks have been found valid and have been converted to cash in hand, customers are readily defrauded by schemes which ask them to part with goods or a portion of the money if it is cleared in a timely manner.


A certified check or certified cheque is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside in the bank's internal account until the check is cashed or returned by the payee. Thus, a certified check cannot "bounce", and, in this manner, its liquidity is similar to cash, absent failure of the bank.

 

[kauphy]

o.k guys i have ?.

if i,m reading this right qt does ach for anything under 1000 right or am i not reading that right?

 

[ksech]

o.k guys i have ?.

if i,m reading this right qt does ach for anything under 1000 right or am i not reading that right?

That's how I interpreted jelsmith's post too.

 

[Diane]

There is no charge from the credit union for these INCOMING wires from QT or direct from the sites I use. I will look closer when the next settlement comes trhoug on what it shows for the issuing bank. Last time I looked it showed a bank in Florida, if I recall correctly.

Diane

_______________________________________________________
My withdrawal from QT to my bank account was requested Tuesday 3/8 and arrived at my credit union on Friday 3/11. I get the mailed receipt on Saturday 3/12. But its all initials so I can't really tell where it came from.

All I know is it got accepted and is in their. I requested $3000, QT charged $30 to process the withdrawal and my credit union charged nothing. The full $3000 was amount deposited.

FWIW,

Diane

 

[felicie]

Once you know it was blocked, challenge your bank about it. They may not have any PROOF this is a gambling transaction, and unless there is a legal requirement for you to prove it isn't, the bank may well back down THIS time, and you will get this money. They might then ask you to sign a declaration that you will not use your account for gambling transactions in future, which would give them much more "power" over future transactions, and could get you into trouble if after signing this, the bank could PROVE that you made a gambling transaction on the account.

You should ALREADY be working on getting another bank account, and keep THIS one well clear of anything gambling related, since they already have you under scrutiny, making it much harder for you to receive future monies.

Ideally, try to keep movement between the banks and QT to a minimum, and leave the money offshore as much as possible, preferably in the accounts of well respected casinos, rather than QT.

It always seems that US players hit problems when moving money between their banks or cards, and the casinos. For most of us, this is the wisest strategy, since banks are much safer than casinos and eWallets, but with the US situation, this is the LEAST safe place to have money "tainted" by it's involvement with offshore casino and poker operators, and their processors.

I say "leave with casinos, rather than QT" because the most likely next "disaster" is a seizure of QT's accounts, rather than those of the casinos. Best to lose the ability to move money, rather than the money itself.

When my bank called me regarding 'out of country' as they called them, transactions I told them I have a webstore and will be having lots of 'out of country' transactions and were they going to bother me about it every time? they haven't since. knock on wood.

 

[Diane]

_______________________________________________________
My withdrawal from QT to my bank account was requested Tuesday 3/8 and arrived at my credit union on Friday 3/11. I get the mailed receipt on Saturday 3/12. But its all initials so I can't really tell where it came from.

All I know is it got accepted and is in their. I requested $3000, QT charged $30 to process the withdrawal and my credit union charged nothing. The full $3000 was amount deposited.

FWIW,

Diane

_______________________________________________________________
I looked closer at receipt credit union always mails me for these transactions.

Under "Description" is says.....

Wire In; DBTCO AMERI
Amt: $3,000 From F&T TYPE SUM

So it was definitely a wire transfer which must be internationally originated?

Diane

 

[greasemonkey]

it would be great if QT would take snail mail money orders or WU... not too convenient for us but safer. I just had a big issue with a cc and I'm still not sure how it is going to end up. Plus it could lead to audits and who knows what else. I would rather try to do it more anonymously but QT doesn't offer that type of funding option. They should.

 

[felicie]

it would be great if QT would take snail mail money orders or WU... not too convenient for us but safer. I just had a big issue with a cc and I'm still not sure how it is going to end up. Plus it could lead to audits and who knows what else. I would rather try to do it more anonymously but QT doesn't offer that type of funding option. They should.

I wish they would too greasemonkey. I think I'll ask them but am sure they have their reasons or they'd be doing it. It is almost too easy to deposit thru my bank and makes one uneasy. They used to ask me about certain transactions or put a hold on my debit card quite often before the bill was even implemented. Now, nothing. Hmmmmm .....

 

[Kotsy1]

Time for QT to get a debit card for their members. It's so much easier to deposit than withdraw.

I say let us USA players inundate them with this request. who knows? it may work. Any takers?

I'm tired of the bank inquiring about my transactions and even to the point of shutting down my account. Who ever used TD was very lucky. rof

 

[phantom27]

_______________________________________________________________
I looked closer at receipt credit union always mails me for these transactions.

Under "Description" is says.....

Wire In; DBTCO AMERI
Amt: $x,xxx From F&T TYPE SUM

So it was definitely a wire transfer which must be internationally originated?

Diane

DBTCO AMERI, probably the DEUTSCHE BANK TRUST CO AMERICAS in new york (googled).

 

[labeled]

You all have certainly put the fear of God into me, and I'm really regretting my recent (small - under 700) transfer into a certain Big Bank of the US from qt.

Time to move all of this over to netspend and a little used CU account.

Can anyone else confirm that smaller transfers come in as ACH (BigBnkofTheCountry charges $16 for incoming intl wires, $12 for domestic, and nothing for ACH, so that'd be a good tipoff) from an American bank?

What I'm more concerned about is having used that account to fund qt. Stupid, stupid, stupid.

 

[labeled]

You all have certainly put the fear of God into me, and I'm really regretting my recent (small - under 700) transfer into a certain Big Bank of the US from qt.

Time to move all of this over to netspend and a little used CU account.

Can anyone else confirm that smaller transfers come in as ACH (BigBnkofTheCountry charges $16 for incoming intl wires, $12 for domestic, and nothing for ACH, so that'd be a good tipoff) from an American bank?

What I'm more concerned about is having used that account to fund qt. Stupid, stupid, stupid.

Answering my own post - I contacted QT support and they stated the only withdrawal method is wire transfer, and their bank is located in the Netherlands. So according to QT support: International Wire Transfer it is.

ETA: I'm in full-on panic mode now. I feel like I've put everything at risk here, not just a couple hundred bucks of "play" money.

 

[w8n4win]

If the banks are blocking international wires, what happens for people who are in business or have relatives in other countries?

 

[ksech]

If the banks are blocking international wires, what happens for people who are in business or have relatives in other countries?

Then you go to your bank and sign a waiver, declaring where the international wires are coming from. I think it is probably different if you have a business account versus a personal account...

 

[felicie]

Answering my own post - I contacted QT support and they stated the only withdrawal method is wire transfer, and their bank is located in the Netherlands. So according to QT support: International Wire Transfer it is.

ETA: I'm in full-on panic mode now. I feel like I've put everything at risk here, not just a couple hundred bucks of "play" money.

Don't freak out labeled lol if you have any trouble pm me and I might be able to help you.

 

[labeled]

Don't freak out labeled lol if you have any trouble pm me and I might be able to help you.

Thanks for talking me off the ledge.

Interesting tidbit: Though the QT rep told me it comes out of their bank in the Netherlands, my wire went through and my bank charged me $12 - the domestic incoming rate, rather than $16, the international rate.

In the meantime, I've got a couple of echeck/ach withdrawals pending with Box24 - though it's going to take forever for the echeck original deposit to clear (I believe they said 10-12 days) and they can release the ach, it's nice knowing that it's an option.

For what it's worth, though the echeck deposit minimum is a bit high at $50, it is treated like a plain old check through my bank, which is very, very cool. Having had my debit card restricted after attempting to fund netspend (long story, pain in the ass), I really like the option to 'write a check' and get my bank outta my business.

 

[greasemonkey]

I really like QT but it is so hard to fund. That is much harder than receiving for me. My bank absolutely will not wire the funds and my cap one locked my account until I had a lengthy discussion about what I was doing, which was very awkward to say the least. Getting wires from QT is a breeze as I have never had one issue (knock on wood).

 

[jelsmith]

ECHECK? they just pulled out of the USA

 

[labeled]

ECHECK? they just pulled out of the USA

Not echeck.us.com/globalatm - its a different processing company (or companies, to be more accurate, that put the echeck through - they're the ones with the 50 minimum rather than echeck.us.com's $25).

 

[felicie]

Thanks for talking me off the ledge.

Interesting tidbit: Though the QT rep told me it comes out of their bank in the Netherlands, my wire went through and my bank charged me $12 - the domestic incoming rate, rather than $16, the international rate.

In the meantime, I've got a couple of echeck/ach withdrawals pending with Box24 - though it's going to take forever for the echeck original deposit to clear (I believe they said 10-12 days) and they can release the ach, it's nice knowing that it's an option.

For what it's worth, though the echeck deposit minimum is a bit high at $50, it is treated like a plain old check through my bank, which is very, very cool. Having had my debit card restricted after attempting to fund netspend (long story, pain in the ass), I really like the option to 'write a check' and get my bank outta my business.

Hi labeled; what makes you think writing a check will keep them out of your business? I don't understand that since they are suppose to try to stop all gambling transactions right? or is it just card transactions they're after. If your thinking is correct, then why wouldn't we all just set up a checking account for one specific purpose and get on with our business. We'd have to plan ahead more so we could play at will, but if that would keep the 'youknowhoknows' out of our business, it might well be worth it. hmmm and that is an interesting tidbit - let's keep it on the qt for now.