Online gambling to be attached to defense bill???- article Uh oh!!!

[Uglyowl]

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Hi folks. Just to let you know; it's been illegal to settle debts with credit cards for some time now. There was a case in 2000, I think, where a woman drove up a 10k credit card bill playing online and then refused to pay the bill stating that by letting her fund her gambling, the CC company was breaking the law. The CC company sued, and the case was ruled in her favor. Ever since then CC companies have tried not to let people fund any type of online "gambling" because they could get stuck with the bill. Sometimes it slips through the cracks, but the average person does not know that they can just stick them with the bill. It's supposed to work the same way in a brick and mortar casino too, but there you dont use your card to get an advance to keep playing; you use your card to purchase chips with which to keep playing. I dont know, laws in this country can get kinda goofy.

Anyway, as far as most people on this site are concerned, this bill should be of little to no consequence- NETELLER for the win folks.

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Gambling debt has one of the highest chargeoffs rates as well, so any excuse for a credit card company to decline works for them [img]/images/graemlins/smile.gif[/img]

[ClownsRus]

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No. It is illegal for foreign compaines and citizens to contribute to campaigns, particulary when those businesses are quasi-legal.

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Also, in case y'all were thinking it, it is also illegal for an entity (individual or business) to give you money so you can make a donation in your name, or for an individual to make a donation in someone elses name.

[Xhad]

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Neteller is not in any way a credit card. A credit card represents a bank willing to give you line of credit. I use FirePay and assume that its about the same as Neteller. FirePay requires the funds to be in your account first before you use it to fund a poker account. Thats not giving credit.

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FirePay does extend credit and Neteller is the same unless I'm mistaken. They allow you to deposit at a poker site and begin playing even though there are no funds in your account. You pay the resulting debt by authorizing payment from your linked bank account. FirePay and Neteller then cross their fingers that there is actually money in this account and they will be paid. Sounds a lot like a credit card to me.

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(speaking as a former bank employee)

Many checking accounts in the US have a service called "overdraft limit" where if you write a check for more than what is in your account, the bank pays it anyway and hopes you make a deposit to cover it later. Some even let you invoke it on purpose through atm withdrawls etc. Yet legally these things are not considered credit lines.

AFAIK the law is pretty specific about what is a credit line (and especially a credit card) and neteller is really just a bank account that happens to be online.

[Chairman Wood]

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Frist Fails to Piggyback I-Gaming Bill


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Everyone still call Frist's office and your congressmen!! Keep the pressure on!

[suzzer99]

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No. It is illegal for foreign compaines and citizens to contribute to campaigns, particulary when those businesses are quasi-legal.

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Well thar's your problem. No wonder all this crap is coming down on them. Can't they figure out some way to get some American shell company to contribute or something? Sheesh, they got around the whole advertising problem in about 2 seconds with the dot-net/dot-com switcheroo. You'd think the geniuses who figured that one out could figure out a way to legally bribe, I mean contribute, to our fine congressional representatives.

[Keepitsimple]

I use my credit card to fund party poker.

[oreopimp]

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Something just occurred to me. All those saying that the credit card ban would be a good thing are failing to recognize one important fact. Many of the fish who are giving us all of this money are probably charging a lot of this money to their credit cards. If those companies were not allowed to do business with Neteller et al then we'd lose a significant amount of revenue and be left to cash only players.

This could also be why Frist is going after this aspect, I'm sure they have some data about the losing players that we do not. Maybe protecting them from themselves in this way is the goal...

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you would think if this were to go down that Party poker or Stars would have a pretty detailed/simplistic tutorial on how to use other methods to fun an account.

[daedalus]

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Frist Fails to Piggyback I-Gaming Bill


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Everyone still call Frist's office and your congressmen!! Keep the pressure on!

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Maybe we should take a new approach. And tell him that we really enjoyed the Wash Post editorial that caught him sneaking a cookie out of the ethics cookie jar. And to think I used to like this guy at one time...

[daedalus]

this is really starting to blow up in the media. just go to news.google.com and search on "Frist". Mucho articles. I don't know who got to the media to get the message out but it ain't someone small.