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View Full Version : 4th party system?

mikever
10-14-2006, 06:51 PM
Comeone, we're poker payers. We are supposed to think a level above our opponents. Can't we adopt some type of 4th party system?

Company x has account with neteller and with various poker sites. We send money to company x. Company x puts money on their poker site account through neteller. Then they transfer money to players on site. It would lead to a higher fee, but still doable. No?
AKQJ10
10-15-2006, 12:03 AM
Brilliant! There oughtta be a term for something that smart (http://en.wikipedia.org/wiki/Money_laundering), no?
ericicecream
10-15-2006, 12:11 AM
[ QUOTE ]
Comeone, we're poker payers. We are supposed to think a level above our opponents. Can't we adopt some type of 4th party system?

Company x has account with neteller and with various poker sites. We send money to company x. Company x puts money on their poker site account through neteller. Then they transfer money to players on site. It would lead to a higher fee, but still doable. No?

[/ QUOTE ]

This is a criminal act by the player.
mikever
10-15-2006, 01:36 AM
Why do you have to make it sound so dirty? You should be less negative. /images/graemlins/ooo.gif
Poker_Hoar
10-15-2006, 02:34 AM
Here's a few issues with a '4th Party' system:
1. Even if it were a 20 party system the last company/person in the chain has a formal contract with the gaming company. They are on the hook.
2. Each additional layer adds at least 5% to the transaction cost
3. The more layers the more likely for some kind of fraud to happen.

Why bother with more layers. People from the processing industry will just set up companies in non-US-friendly jurisdictions and run business from there. The US will then accuse these people of funding terroist oprations and do something silly.

After a year more people will be rich, and the US will look as stupid as ever.