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Moneybookers Dispute With Full Tilt Poker Over “Selective Withdrawal Process”

Written by:
C Costigan
Published on:
Jun/27/2011
Full Tilt Poker Moneybookers Dispute

Once again Subject Poker has delivered quite the story of how popular European payment processor Moneybookers is currently in a dispute with Full Tilt Poker over what it deems to be the troubled online poker room’s “selective withdrawal process”. 

From Subject Poker: 

Since Black Friday, Full Tilt has been disabling Moneybookers withdrawals for players from various countries in a seemingly arbitrary pattern. This has been a significant financial burden for the payment processor. Sources close to the situation have told Subject: Poker that Moneybookers has been in regular communication with Full Tilt Poker over this topic since April 15th, but the two companies have reportedly been unable to reach a compromise. Moneybookers has reportedly threatened to stop doing business with the poker site if the problem is not resolved quickly.

Subject Poker noted that Moneybookers is believed to be FTP’s largest payment solutions platform for non-US players.

Full Tilt Poker has not paid a single customer residing in the USA since it was indicted by federal authorities there on April 15.  Last week, the poker radio podcast venture Quadjacks.com managed to corner FTP’s most senior spokesperson (and someone reported to have an ownership stake in the company) Howard Lederer.  Mr. Lederer would only say that Full Tilt Poker would comment on the current payment woes “when they are ready to do so”. 

Gambling911.com has reported on how customers in certain countries have also experienced delays in receiving payouts from Full Tilt Poker even when using eWallet solutions that would typically take just a few days to hit bank accounts.

- Chris Costigan, Gambling911.com Publisher

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