Checks From Online Poker Sites Bouncing: What's Going On?

Written by:
Guest
Published on:
Jul/26/2008

Gambling911.com has been reporting extensively on bouncing checks from various online poker websites.

The culprit appears to be one Zip Payments...at least that's where the bounced checks are deriving from.

Large volume online poker websites have been forced to utilize the services of sometimes shady processing centers thanks in part to the passage of the Unlawful Internet Gaming Enforcement Act passed in October 2006, but more so following the arrests of two founders of the online gambling payment solutions bigwigs Neteller back in January of 2005. Following these arrests, Neteller and a handful of other well regarded processors yanked their businesses from the US market.

Some of the online poker rooms that had unknowingly sent out the bounced checks have begun to send out new (and presumably good) checks to affected customers, some are even telling customers they will reimburse for the insufficient funds fees charged by banks, but it remained to be seen if all such establishments would follow the same rule. Still others are adding bonuses to the affected accounts.

One casino customer tied in with a popular poker site had this to say at the CasinoMeister.com forum:

"Well ***** did send me another check by Fed Ex. and they said on the phone it was good because i called and asked them. My bank charged me 32 dollars for each of my bounced checks equaling a total of 7. I called ***** for my 240 dollars they owed me for bounced checks and security said if i send them the paperwork with my banking history proving that indeed i did have 7 bounced checks then they would cover it. well I did as they asked and i got a email from security at ***** and they had credited my casino account with 198.00."

Over $16 million is believed to have been frozen by Zip Payments Solutions.

Gambling911.com adheres to a strict policy of not naming online betting firms affected by payment processing issues.

Gambling News

MGM Turns to Never-Tested Law to Sue Vegas Shooting Victims

The unprecedented move from MGM Resorts International to sue hundreds of victims of last year’s mass shooting in Las Vegas using an obscure U.S. law never tested in court has been framed by the casino-operator as an effort to avoid years of costly litigation — but the legal maneuver may not play out that way.

Roulette Dealer Fighting for Life Following Stabbing in Casino

Roulette Dealer Fighting for Life Following Stabbing in Casino

The Mirror has posted photos of a roulette dealer who nearly lost his life after being stabbed by a gambler as others watched in horror.

Sports Book Hollywood Casino Tunica

Sports betting is now permitted in the great state of Mississippi.  The Hollywood Casino in Tunica could soon have a sports book.  Mississippi won't have online sports wagering any time soon though

LeoVegas Exceeds 2018 Q2 Expectations

LeoVegas, the number one ranked online casino group for its live dealer offerings, has exceeded second quarter expectations for 2018.

NCAA to Study Possible Effects of Widespread Legal Wagering

NCAA to Study Possible Effects of Widespread Legal Wagering

The NCAA plans to study how the expansion of legalized betting could affect college athletics and member schools.

Syndicate