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Old 02-05-2007, 02:02 PM
gaboonviper gaboonviper is offline
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Join Date: Jan 2007
Posts: 141
Default UIGEA Fallout! Don\'t Worry about the eWallets: Worry about the Network

I know you are all worried about the eWallet situation. What will happen with Neteller? Will ePassporte last? Can MyWebATM be trusted and will it last? What will be with Youteller? On and on. This is of course all valid, but of much more concern are the ACH/EFT networks. As you know these networks are used by all the eWallets to move your money to and from the pokersites. These networks are closely controlled and monitored. Very little gets by them. And to be cut off from these networks is death to any eWallet. Furthermore, despite what you may have heard, it is actually extremely easy to monitor and block transactions to and from poker, or any gambling site. With the huge amount of money transactions done by any eWallet serving the pokersites that wallet sticks out like a sore thumb to the monitors and can easily be blocked from doing any financial transactions to and from the sites. There is no way for the eWallets to avoid this. So the real questions here are: 1.) how long can any eWallet last now that we are in this new post UIGEA environment? ; 2.) How much risk are you willing to take moving your cash in and out of every new eWallet that springs up? ; 3.)How much worse will it get when the UIGEA really kicks in this June?
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