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Poker Websites Hit Hard by Check Processing Issues

Submitted by C Costigan on Wed, 07/23/2008 - 08:58.

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Many of the major online poker websites catering to US customers and a few of the more high volume sports betting operations have been hit hard by payment issues following the closure of a check processing service. The Internet poker sector was especially affected due to their high volume. These firms are unable to utilize more reliable processing firms based in North America due to the current legal climate. Check processing companies have had trouble handling high volume establishments. Customers of some online gambling businesses reported bounced checks after one processor apparently shut down.

Gambling911.com now follows a similar industry position not to name online gambling companies affected by known processing issues as this could severely jeopardize their ability to operate.

One informative reader of the poker forum Two Plus Two had this to say:

"How can U.S. customers be having trouble with the Poker Sites themselves? They really do not. They have a problem with the "new 3rd party processors" The same processors that I listed and was subsequently banned for playing on a certain online poker site for posting the web addresses they use to process U.S. customers deposits via credit card or checking account.

"The U.S. government and U.S. Financial institutions both take the stance that they do not allow online gambling. Was I banned from playing on UB and my thread locked b/c I continued to pursue the payment processor angle? Is it because if the U.S. government was made aware of how these sites process EFT deposits from checking accounts or Credit Card deposits, then the sites would have to leave the U.S. market again, until they come up a new way to circumvent to Unlawful Internet Gambling Enforcement Act passed in 2006? I think ALL the sites have a similar interests in this perspective."

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Comments

Zip Payments

I am ashamed of Gambling911 for naming Zip Payments as the culprit in delayed payouts. In case you haven't heard, it is illegal to process for payments or disburse funds for internet gambling in the US. All it takes is for ONE customer to call the bank complaining about a debit or waiting for a credit from winning on an onine Poker tournament and the processor's account can get frozen. Do you not think that the owner of Zip Payments has enough on his or her mind? Is it necessary to open them up to legal action as well? Noone wants to wake up and find out that their accounts have been frozen. Zip Payments probably didnt run with the money, they are most likely having serious problems and putting their name out there shows what disregard you have for payment processors. No wonder gambling sites are finding it hard to find processors. One slip and the processor gets his name splashed all over the media. You are not doing the industry justice, Gambling911. In fact, some of your posts are hazardous.
Submitted by Guest on Mon, 07/28/2008 - 05:37.

US Check Processing Woes

If the check processing companies that are issuing these payout checks weren't so greedy and short sited, there would not be issue with player payouts. The owners at Zip Payments are greedy pigs that definitely didn't have a clue how to stay under the radar. I'm sure they will blame the poker sites but in reality the Poker sites are just trying to pay out their players. The issue is not trying to circumvent the US Government but rather learn to play in the sand box and not take all the sand from the other ones playing in that same sand box. It also doesn't help that players post on boards about how great a check payout system is and carelessly mentions that payout option. How stupid is that. There are paypout methods available to US players that work effortlessly because those operators limit there player payouts and train the poker playing dogs not to brag publicly how and who they are receiving payouts from. Until the poker sites train there players that in order to receive timely payouts, keep your mouth shut and cash your check, these problems will continue to happen time and time again.
Submitted by Guest on Sat, 07/26/2008 - 12:41.

Check Processing Woes

Gee, that sounded like it came from Ira. Seriously, the gaming community has some of the dumbest people I have ever had the pleasure of not meeting. If you want to recieve your money, you need to STOP talking about where your payments are coming from. Do you not know that the Feds read your posts too? So keep on talking about who you are getting payments from and you will keep getting people in trouble and waiting for your money. I don't gamble and I don't process for gambling because the players and the posts that name names are harmful. Get smart, people.
Submitted by Guest on Sat, 07/26/2008 - 21:31.

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