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usUsne
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4 June 2010 - 12:24am

Why the sudden crack down on payment processors?

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Hiya Ed & Members,

I am completely lost as to why the sudden crack down on deposit options for US players. Ed, you are the first person that came to mind and my only saving grace for me to understand it all. Why oh why this sudden surge of squelching the deposit options on US players.

It seems the more talk there is about the US ban being lifted the tougher the road is getting for players. I am not quite comprehending the reasons behind this. I know there has to be one and i know your the man with the answers!

If anyone else has opinions on this please share them, because for me, i am just not getting it.

Usne

auCL-Ed
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4 June 2010 - 12:58am
#1

It is most likely because June 1 was the deadline day for the UIGEA regulations to be enforced.

So technically any financial institution could be in big trouble for handling a gambling transaction now. It will be interesting to see if anything happens on that front.

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usUsne
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4 June 2010 - 1:05am
#2

Ahhhh so that's why! Does that mean wallet accounts are also at risk? Since they are a payment processor and not a bank i wonder if they are also in danger.

I knew you would have the answer! I just asked Zuga this very question this morn and i said ya know what...........i bet ya ed will know the answer!!

Thanks ed!
Usne

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4 June 2010 - 1:09am
#3

e-wallets try to work around it by saying you are transferring money to the e-wallet, not a gambling site. Then you make another transfer to and from the casino via the e-wallet. But you could also be using your money to buy something, or send money to a friend etc.

But there's no doubt the U.S. authorities would stop it if they could - they stopped Neteller after all. It all depends on which country the e-wallet is located, and how much respect they have for U.S. law ... which the U.S. seems to think it can enforce everywhere.

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auCL-Ed
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4 June 2010 - 1:36am
#4

Oh yeah I almost forgot .... its not a coincidence that Microgaming casinos started moving their existing U.S. players off onto new casinos with the same games right before June 1.

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usUsne
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4 June 2010 - 2:45am
#5

And what was the purpose in that? Does it matter where they shift US players, from one casino to another?

Again i know there has to be a reason for shuffling us around like chess pieces! Ed i honestly think your wisdom is amazing and before its all over i probably am going to drive you crazy with my questions!

Usne

usUsne
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4 June 2010 - 2:53am
#6
CL-Ed wrote:

... which the U.S. seems to think it can enforce everywhere.

Aww now ed Sad the US certainly does seem to have a rep.

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4 June 2010 - 3:02am
#7
Usne wrote:

And what was the purpose in that? Does it matter where they shift US players, from one casino to another?

I can't say for certain but it surely has to be a legal cover-your-ass move. I think technically, legally, on paper etc the Microgaming programs don't own these new casinos with the U.S. players. But they are using their games and you can bet your last dollar that they are getting compensated somehow. And its likely that the 3rd party running the new casinos has been brought on board partly because of their expertise in circumventing the UIGEA payment blocks.

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cacocakolakid
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13 June 2010 - 5:51pm
#8

So glad I live in Canada.

usUsne
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16 June 2010 - 4:08am
#9

Yes it is a ruff time for US players and prolly get worse before it gets better. But there is always a way to buck the system on a legal technicality.

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