Coy_Roy
10-27-2006, 11:54 PM
Forgive me if this has already been posted.
LINK (http://www.gambling911.com/Moneybookers-102606.html)
MoneyBookers Joins Firepay in US Dropout
The online ewallet provider, Moneybookers, will follow suit of Firepay which halted all gambling transactions for US stationed customers.
The decision to stop all gambling transactions between MoneyBookers and gambling sites for US players came yesterday. Moneybookers is a UK based provider but says they will comply with US laws.
No official press release has yet to be issued by Moneybookers. Players who logged into their account and tried to make a deposit into an online gaming site were denied. A pop-up now rears its ugly head saying, “US customers can not do business with Gaming sites.”
The support team at Moneybookers also confirmed that their decision had been made and was active starting yesterday.
Unlike Neteller, which many fear will close down to US gamblers shortly, Moneybookers is not publicly traded on the London exchange.
Moneybookers works in a different way than Neteller. Similar to Paypal, Moneybookers uses email addresses for transactions. Paypal has not allowed gambling related transactions for years.
One reason for the possible early closing of Moneybookers to US gamblers is because they are regulated by the FSA. There is a regulation by the FSA which states, “E-money issuing must be legally and operationally “ring fenced” from any other area of business risk”.
Other ewallet providers such as Neteller, ewalletXpress, epassporte and Central Coin remain open to US gamblers. ClicktoPay is another provider that currently seems on the fence.
LINK (http://www.gambling911.com/Moneybookers-102606.html)
MoneyBookers Joins Firepay in US Dropout
The online ewallet provider, Moneybookers, will follow suit of Firepay which halted all gambling transactions for US stationed customers.
The decision to stop all gambling transactions between MoneyBookers and gambling sites for US players came yesterday. Moneybookers is a UK based provider but says they will comply with US laws.
No official press release has yet to be issued by Moneybookers. Players who logged into their account and tried to make a deposit into an online gaming site were denied. A pop-up now rears its ugly head saying, “US customers can not do business with Gaming sites.”
The support team at Moneybookers also confirmed that their decision had been made and was active starting yesterday.
Unlike Neteller, which many fear will close down to US gamblers shortly, Moneybookers is not publicly traded on the London exchange.
Moneybookers works in a different way than Neteller. Similar to Paypal, Moneybookers uses email addresses for transactions. Paypal has not allowed gambling related transactions for years.
One reason for the possible early closing of Moneybookers to US gamblers is because they are regulated by the FSA. There is a regulation by the FSA which states, “E-money issuing must be legally and operationally “ring fenced” from any other area of business risk”.
Other ewallet providers such as Neteller, ewalletXpress, epassporte and Central Coin remain open to US gamblers. ClicktoPay is another provider that currently seems on the fence.