QuickTender Statement - 7 June 2011

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
This just in from the folks at QT:

"The management of QuickTender would like to give an update on the status of QuickTender account balance.

Contrary to some speculation in the forums here and elsewhere, certain funds
of QuickTender have indeed been subject to a seizure order by the US
authorities. We hope to advise those affected in the near future on the
status of these funds. The funds were withheld from our processor,
ChargeStream Ltd and the action is a matter that is in the public domain.
Whilst not all of our funds are affected, a significant amount has been.
QuickTender is a reputable organisation, and we wish to ensure so far as we
can that our account holders do not lose their funds in our care.

We are looking at how we can release funds to our account holders as soon as
possible, however because of current restrictions we are unable to transmit
any funds in USD.

In order for customers to have their balances refunded, at present they will
need to have a currency account in Euros as we can currently cannot make any
payments into any USD denominated accounts. If you do not have an account
in Euros we would urge you to obtain one in order to receive your funds.

At the end of this week QuickTender aims to advise further on enabling
withdrawal of funds from your QuickTender Account.

Please bear with us in these difficult times as we endeavour to resolve the
situation despite the severe limitations we face."
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
Some of this "speculation" came from the DoJ themselves, who seem to be telling players that the DoJ does NOT have their money, and that QT are the ones who have it.

This statement has no doubt emerged because of the speculation that the problem will cause international Ecocard customers to be exposed to the risk that their funds are not sufficiently underwritten, and may not therefore be available "on demand" should they all want them back at once.

How exactly do they propose their US customers get a Euro account? Even if they did, this would merely shift the risk away from QT to individual customers should their Euro accounts come under the spotlight as being a means to launder money.
I doubt EU based banks will simply allow any US citizen to just open an EU currency account, because if it were that easy, US players would NOT be using the likes of QT, EWX, etc in the first place, and would all have set up Euro accounts for their online gambling.
 

Novemberlady1

Full Member
Joined
May 5, 2009
Location
Texas
QT

I wish they would just let us deposit into our casino accounts as before and at least have a chance to play with it and possibly win. Not a total loss like this is
 

LHofsdal

Ueber Meister
MM
Joined
Jan 9, 2010
Location
NY
It doesn't matter anyway, you can't even get into your quicktender account. There is no way anyone has access to their quicktender account, to even transfer money to a casino.

This is going to be interesting to see how this all plays out....Now we just wait and see.

LH
 

samoas

Senior Member
Joined
Sep 16, 2003
Location
Philly born & raised 2 traffic lights away
How exactly do they propose their US customers get a Euro account? Even if they did, this would merely shift the risk away from QT to individual customers should their Euro accounts come under the spotlight as being a means to launder money.
I doubt EU based banks will simply allow any US citizen to just open an EU currency account, because if it were that easy, US players would NOT be using the likes of QT, EWX, etc in the first place, and would all have set up Euro accounts for their online gambling.

QT knows this is an impossible scenario. They will benefit from our disadvantage and that just pisses me off!:mad:
 

samoas

Senior Member
Joined
Sep 16, 2003
Location
Philly born & raised 2 traffic lights away
Uh ... opening an offshore account from the US is not impossible ...

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Thanks for the info bpb. Much appreciated and very interesting.

Personally? Am not gonna do it. I was fortunate to whittle down most of my funds and cash out with a reputable establishment. Would I like to get my balance back? Of course! However I am not going to jump through hoops to do it. I can't justify the time, legwork and expense for what I have left. If it were the original balance, then I would attempt.

From my perspective QT should do their best to go out of their way and rectify this matter, not expect us to have to go on a treasure hunt in hopes of getting any money back.

I will wait and see how this whole scene goes down.

Christine
 

felicie

Dormant account
Joined
Jan 21, 2009
Location
somewhere else
QT knows this is an impossible scenario. They will benefit from our disadvantage and that just pisses me off!:mad:


You have no idea what these people are dealing with nor do I except to imagine and it probably isn't fun for them either. This is a hobby or entertainment for us but they might be hanging in limbo somewhere waiting for their paychecks. All I'm saying is point your anger in the right direction and have a little faith in qt because everyone in this world is not out to screw you. It wouldn't do qt any good in the long run to do that would it? Try not to keep biting the hand that may be trying to give you money. :confused:
 

Candee13

Dormant account
Joined
Apr 21, 2011
Location
California
You have no idea what these people are dealing with nor do I except to imagine and it probably isn't fun for them either. This is a hobby or entertainment for us but they might be hanging in limbo somewhere waiting for their paychecks. All I'm saying is point your anger in the right direction and have a little faith in qt because everyone in this world is not out to screw you. It wouldn't do qt any good in the long run to do that would it? Try not to keep biting the hand that may be trying to give you money. :confused:

It is very hard to have faith in QT after seeing them keep taking deposits like nothing was happening. They never sent out emails to their customers stating their withdrawal problems (unless you sent in a complaint). I do feel sorry for the employees of QT if their job is in trouble but I have no remorse for whoever is running the show over there. I highly doubt paying us is on the top of their to-do list.

Also... for some people it was not just for a hobby or for entertainment purposes.
 

felicie

Dormant account
Joined
Jan 21, 2009
Location
somewhere else
It is very hard to have faith in QT after seeing them keep taking deposits like nothing was happening. They never sent out emails to their customers stating their withdrawal problems (unless you sent in a complaint). I do feel sorry for the employees of QT if their job is in trouble but I have no remorse for whoever is running the show over there. I highly doubt paying us is on the top of their to-do list.

Also... for some people it was not just for a hobby or for entertainment purposes.


If not a hobby or entertainment, what else would you call waiting for a cashout? There's obviously something I'm missing here so please explain. thank you Candee
 

Nifty29

Dormant account
Joined
Jun 20, 2001
Location
Turn right, then right. then right again
I would strongly advise anyone considering opening an offshore account for gaming consult their lawyer first I.e. do not rely on anything said on an internet forum..there are too many self-appointed backyard attorneys here sometimes.

I would hate to see anyone here get into trouble.
 

Candee13

Dormant account
Joined
Apr 21, 2011
Location
California
If not a hobby or entertainment, what else would you call waiting for a cashout? There's obviously something I'm missing here so please explain. thank you Candee

Well I think some people gamble for a living. They may depend on this money for paying bills and supporting their families. Online gambling might be their primary source of income. Some players may have had quite a bit tied up in QT.

Here is an article about the impact of the poker sites shutting down. I am thinking QT shutting down had simular effects on many.

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.

So Felicie... does this explain it better or am I missing something?
 

samoas

Senior Member
Joined
Sep 16, 2003
Location
Philly born & raised 2 traffic lights away
You have no idea what these people are dealing with nor do I except to imagine and it probably isn't fun for them either. This is a hobby or entertainment for us but they might be hanging in limbo somewhere waiting for their paychecks. All I'm saying is point your anger in the right direction and have a little faith in qt because everyone in this world is not out to screw you. It wouldn't do qt any good in the long run to do that would it? Try not to keep biting the hand that may be trying to give you money. :confused:

Felicie,

I strongly disagree. You cannot dictate a person's feelings/opinions.

I have every right (and many others) to be angry. Personally? It is not about the money for me, it is about principle! QT continued to conduct business as if all was normal knowing damn well their funds were tied up. If it was not for this forum and the outcry of members many players would not have known. I was blown away when I did a google search weeks ago & numerous poker/gaming forums got the word of QTs' issues from Casinomesiter.

QT was NOT honest about this situation from the onset of this mess. If it wasn't for Bryan's inquiring, we might not have had answers for weeks! My financial loss is a pittance in comparison to others. I consider it a wash. The employees of QT that are affected, I feel for. The players who have monies in limbo? I feel for even more so. QT is a customer service based company. We as consumers, deserve upfront, honest communication.

I never take the outlook of the world is trying to screw me. QT is not my world!:) I am smart enough to see writing on the wall. It was a gamble for all of us to use these processors knowing full well DOJ has been on a witch hunt. That does not make QT in the right & as I said before I will sit back and wait for more news to follow.

Christine

aka the Optomist :)
 
Last edited:

greasemonkey

Banned User - flaming
Joined
Jul 2, 2010
Location
USA
Well I think some people gamble for a living. They may depend on this money for paying bills and supporting their families. Online gambling might be their primary source of income. Some players may have had quite a bit tied up in QT.

Here is an article about the impact of the poker sites shutting down. I am thinking QT shutting down had simular effects on many.

You do not have permission to view link Log in or register now.
.

So Felicie... does this explain it better or am I missing something?

Also, affiliates from America probably used qt as a way to get paid often I would assume?
 

SlotsLover

Dormant account
Joined
Jun 25, 2010
Location
California
checks

Could QT not send checks to US players? As they are no longer conducting illegal business with the USA, would the DOJ not allow them to send checks or even do wires? This is exactly what happened with PokerStars, as the DOJ even said publicly they were not blocking payments to players.

On one hand I am very happy that QT is communicating with players but on the other hand there are many oddities, least of which is why is their website not up for people to check their records and to confirm whether or not casinos actually sent money there in the final days?

On a somewhat unrelated aside, any news at all from EwalletXpress? QT's shutdown seems to be attracting a lot more attention than EWX's demise, yet EWX's website remains open. There is now a "merchant help" section.

Unfortunately, I have money tied up in both :( :(
 

nygirl30

Senior Member
PABnonaccred
Joined
Apr 22, 2005
Location
Nevada (Las Vegas)
I also have money tied up and I say checks are the way to go at this point!!! I'm sick of waiting it's always an excuse or something...

If you think about it how the hell are we the US supposed to get it sent to us in euro's?? Yeah right!!

Send the damn money that's owed to us and move on :mad:
 

nygirl30

Senior Member
PABnonaccred
Joined
Apr 22, 2005
Location
Nevada (Las Vegas)
"At the end of this week QuickTender aims to advise further on enabling withdrawal of funds from your QuickTender Account."


Yeah right still waiting!!!!
 

lnspin

Senior Member
webmeister
Joined
Mar 23, 2005
Location
WorldWide
Still waiting here too, I replied to that email 2 times telling them i had a euro account, and was ready to get payment, but no response.

Think there trying, either that or just wasting more time so they have a chance to hide there $$
 
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