Cashing Out of Pokersites Through Checks

[N 82 50 24]

[ QUOTE ]
[ QUOTE ]
It works for TruePoker.

(The UIGE Act related only to deposits and then only to covered businesses, which are "in the business of betting or wagering". A purely poker site neither bets or wagers.)

[/ QUOTE ]

So, neteller is still processing transactions for US players as long as they are to poker sites and not to gambling sites?

[/ QUOTE ]
LOL, no. No sites that accept bets of any kind.

[TruePoker CEO]

No, where would you think I said that ???

The distinction is that an entity which is in the business of betting or wagering falls under the UIEG Act. That is not a poker business model.

Secondly, the UIGE Act covers deposits, not cashouts.

What business decisions Neteller or any other company may make are not in my control.

We all would have preferred Neteller had stayed in the US market. Their reluctance to do so was understandable.

[permafrost]

[ QUOTE ]
No, where would you think I said that ???

The distinction is that an entity which is in the business of betting or wagering falls under the UIEG Act. That is not a poker business model.


[/ QUOTE ]

Tell us more about this business you are in that deals poker, but includes NO betting or wagering.

[chicagoY]

Why wouldn't our banks except cash from foreign banks? They do it all the time. It won't say UB on them.

[jupiterpig]

[ QUOTE ]
[ QUOTE ]
If the sites start cutting checks from foreign banks, is this a problem? Will American banks accept them? From what I've read from a few minute google search, you can usually get your bank to cash them, but it's a pain. Does anyone know more?

[/ QUOTE ]



The stars checks do say "US BANK" on it. Looks really cheesy to be honest, but as far as I can tell it's taken from a US bank account. Can't vouch for any other companies checks. American banks still have to accept foreign checks, global trade would be impossible if not. Our government might be stupid, but it's not THAT stupid.

[/ QUOTE ]

On the poker stars site it says that the US bank that they do their checks with is Bank of America...so i think u are good

[rokstedy]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
If the sites start cutting checks from foreign banks, is this a problem? Will American banks accept them? From what I've read from a few minute google search, you can usually get your bank to cash them, but it's a pain. Does anyone know more?

[/ QUOTE ]



The stars checks do say "US BANK" on it. Looks really cheesy to be honest, but as far as I can tell it's taken from a US bank account. Can't vouch for any other companies checks. American banks still have to accept foreign checks, global trade would be impossible if not. Our government might be stupid, but it's not THAT stupid.

[/ QUOTE ]

On the poker stars site it says that the US bank that they do their checks with is Bank of America...so i think u are good

[/ QUOTE ]

This begs the question, would the US then step in tell BofA that their relationship with PokerStars in this sense is illegal and have it rescinded?

[ChexNFX]

[ QUOTE ]
[ QUOTE ]
It works for TruePoker.

(The UIGE Act related only to deposits and then only to covered businesses, which are "in the business of betting or wagering". A purely poker site neither bets or wagers.)

[/ QUOTE ]

So, neteller is still processing transactions for US players as long as they are to poker sites and not to gambling sites?

I know you like to make the distinction between poker sites and gambling sites, but unfortunately the people at the banks do not. I can't believe a bank would deny a check from, lets say bodog, but accept one from Stars simply because Stars only offers poker. Is that really what you are saying?

[/ QUOTE ]

...

[ChexNFX]

I keep hearing about checks over $1000 are sent via courier. How long is the wait on this compared to regular mail(2-3 weeks I'd guess with regular)?

[Ron Burgundy]

[ QUOTE ]
[ QUOTE ]
No, where would you think I said that ???

The distinction is that an entity which is in the business of betting or wagering falls under the UIEG Act. That is not a poker business model.


[/ QUOTE ]

Tell us more about this business you are in that deals poker, but includes NO betting or wagering.

[/ QUOTE ]

Poker only sites don't accept bets or wagers. They provide games for customers to make bets and wagers amongst themselves, for a fee.

[Unabridged]

[ QUOTE ]
I keep hearing about checks over $1000 are sent via courier. How long is the wait on this compared to regular mail(2-3 weeks I'd guess with regular)?

[/ QUOTE ]

i got mine in about 2 or 3 days.