Neteller Alternatives Info

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As long as the executives/employees of those companies don't wish to travel to or over the US, then they will be here for us. As will some form of cash flow each way. The owners of the publicly traded companies have already gotten rich and don't want to risk that. That might include the owners of stars or Bodog. But for any of the very small sites, or potential new site operators who have yet to make their fortunes, they will have a lot of incentive to fade the risk as the offshore sportsbooks have for years.

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youre refering to within the 9 months, or are you speaking long-term? (took a break, and i'm trying to catch up)

[rocketeer]

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All electronic fund transfers happen over systems called ACH's. The US Federal Reserve handles over 85% of all electronic funds transfers. All they have to do is add one more field the message transmission which includes a industry code. If I'm paying my electric bill online it adds a code given to all utility companies. If I'm making a car payment online it adds a little code given to all consumer finance and credit companies. If I transfer money to an eWallet or gambling site it adds a code given to all eWallet and gambling sites and the transaction gets declined.

It's pretty simple.

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The banking industry does not think it is "pretty simple". But thanks for your opinion.

[Billman]

So let's look at what that press release really said:

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Uncoded transactions include Automated Clearing House (ACH) transactions as well as paper and electronic checks. Financial institutions rely on ACH transfers as an efficient and cost effective means of moving funds. Our financial system processed some 12 billion transactions by ACH in 2004. Checks remain the most commonly used type of noncash payment by value with more than 45% of all transactions completed by check with 36 billion checks written in 2004. Due to the overwhelming number of ACH and check transactions, the application of this
bill to uncoded transactions would require a massive overhaul of the payments system. Even after such an overhaul, our testimony before the House Judiciary Committee showed that it would still be possible to easily evade any restrictions.


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While I can easily see how that could be construed as being a good thing for us, let's break it down a bit. Notice that they never say that ACH by itself is too burdensome or costly to implement. They carefully lump ACH and paper checks into the same group so as to make their statement truthful.

What they're saying is, please don't ask us to apply this to all uncoded transactions. As has been mentioned in threads here previously, paper checks would be near impossible to properly monitor. Because at the end of the day, they really don't care and would rather not to have to do anything. Of course they're going to overplay the burden on them. They say the same thing every time a bill passes that asks banks to make a change.

I'm not sure this is a great analogy but if your city was thinking about passing a jaywalking bill (let's pretend it doesn't already have one) what would you argue? Well, it would create an undue burden on pedestrians who must now walk up to half a block farther than they need to and then wait at a traffic light. You could whip up some numbers about the total distance and time wasted by individuals crossing in crossing zones vs. crossing where convenient. Then you would argue how unenforceable such a law would be as it would require policemen to be stationed on every street corner to ensure compliance. Maybe you throw in some astronomical projections of how much this would cost the city each year.

It just doesn't take that much imagination and come up with all sorts of doomsday forecasts as a counter-argument to anything. That's all that letter was. It was an attempt by the banking industry to minimize how much of the bill would impact them.

[curious123]

Billman, please see the FinCEN summary I linked above, specifically the first paragraph on the third page. Note that isn't the banking industry's take on it- it's FinCEN's.

[MissE]

I just wanted to give my two cents about epassporte. epassporte was started by Epoch/Paycom www.epochsystems.com which is probably the biggest credit card processor for adult sites in the past ten years. In early 2006 Chris Mallick, the CEO of Epoch, split epassporte from Epoch and took ownership.

Many of the top adult companies pay their webmasters and affiliates via epassporte. Adult companies may have a negative connotation but they are multimillion dollar companies that take business very seriously. I have heard a few complaints from people who keep large amounts, 5k+, in their accounts having to provide additional documents. My point is just that epassporte is not some fly by night operation as some have suggested. I have no idea if they will continue to process for poker sites but Chris Mallick has years of experience dealing with high risk credit card processing. Visa/MC made adult companies jump through many hoops in order to continue processing and Epoch was one of the only processors to find work arounds and solutions.

Now if only I could get 100's instead of 20's from the damn ATM machine!

[Sniper]

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I just wanted to give my two cents about epassporte. epassporte was started by Epoch/Paycom www.epochsystems.com which is probably the biggest credit card processor for adult sites in the past ten years. In early 2006 Chris Mallick, the CEO of Epoch, split epassporte from Epoch and took ownership.

Many of the top adult companies pay their webmasters and affiliates via epassporte. Adult companies may have a negative connotation but they are multimillion dollar companies that take business very seriously. I have heard a few complaints from people who keep large amounts, 5k+, in their accounts having to provide additional documents. My point is just that epassporte is not some fly by night operation as some have suggested. I have no idea if they will continue to process for poker sites but Chris Mallick has years of experience dealing with high risk credit card processing. Visa/MC made adult companies jump through many hoops in order to continue processing and Epoch was one of the only processors to find work arounds and solutions.

Now if only I could get 100's instead of 20's from the damn ATM machine!

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You might want to read some of the further background research on this guy that has been posted in the Zoo [img]/images/graemlins/wink.gif[/img]

[yellowsub]

i opened a click2pay account, and then tried fo withdraw funds to it from a prima site. thei site said they could not cashout to c2p because i was a US customer

ughhhhhhhhhhhhhhhhhh

[hoosierdp]

You might try a debit card under the Visa/Mastercard option. I tried it at UB and had no problems.

[Xianson]

I just decided to withdraw my funds from Neteller cuz its just not worth the effort and if they wont help us anymore then what good are they right? They charge huge fees that used to be picked up by the poker sites but being we dont have that happening anymore than its better to get rid of it and start over without a doubt.

If anyone has any Q's then please just PM me cuz I always forget to check the last posts I make Ok? lol

[Xianson]

try fixing your Java or get the update........oh and then BTW.send me my % when U get the bonus Ok? [img]/images/graemlins/shocked.gif[/img]