FTP checks are not coming on time -- Why?

[PokeReader]

One thing I can say after much research is that there is no "70 days" that has anything to do with stopping checks. There is a 3 day verbal deadline, a 14 day deadline for the banks to have manually stopped the check if proper information is given, and a six months deadline when the stop runs out if not renewed. But nothing having to do with 70 days.

Thank you FT for having me knee deep in Fed speak and techno-bank. I think the processor is scared about smurfing and Schedule B (Foreign bank accounts) issues.

There is a really nightmarish scenario the Feds could pursue. The Feds consider a foreign bank account to include anything like Paypal or Neteller, (regardless of whether they are on foreign soil), and any casino with gross revenue of over a million dollars a year. If you are an American and have 10K or more in any of these sources at any point, you are required to file a Form TD F 90-22.1, and check Schedule B on your 1040. If you do, you are 100% guarunteed to be audited the first year. What are the penalties for not reporting a foreign bank account? If you're found to be willfully not reporting the account, it's the greater of $100,000 or 50% of the value of the account, plus possible criminal penalties. If it's not willful, the maximum fine is $10,000. Between Neteller records, and the records they may get from Party, they could really seriously wound online poker between that and the tax evasion issues.

http://www.taxabletalk.com/gambling/
http://www.taxabletalk.com/posts/1175053154.shtml
http://www.taxabletalk.com/posts/1170966022.shtml
http://www.gambling-law-us.com/Artic...nline_Gambling,_Part_I

[qsdaddy]

I now have 7 checks still to arrive. Here is the latest email from FT.


Thank you for contacting Full Tilt Poker Support.
>
> I am including a list of the last 6 checks you have
> requested, when they
> were processed, and when they can be expected. I
> hope this information
> will help you determine which checks you are
> missing. The oldest checks
> are at the top.
>
> Processed - Expected - Amount - Transaction #
>
> June 9 - June 29 - $5000 -
> June 12 - July 2 - $5000 -
> June 15 - July 7 - $5000 -
> June 19 - July 11 - $5000 -
> June 22 - July 16 - $5000 -
> June 26 - July 18 - $5000 -
>
> , I understand that you may have been receiving
> your checks within
> 5 days. However, delivery times are not always
> consistent, and your next
> check could arrive sooner or later than usual. As
> our delivery policy is
> 15 business days, we cannot consider a check to be
> late until that time
> has passed. As you can see above, none of your
> checks are currently late
> by our delivery schedule.
>
> If you are certain that a specific check has not
> arrived by the date
> indicated above, please email us back and we will
> investigate the issue
> promptly.
>
> On behalf of Full Tilt Poker, I wish you the best of
> luck at the tables,
> . Should you have any other questions or
> concerns, please feel free
> to contact us.
>
> Regards,
>
> Jayson
> Full Tilt Poker Support

[sublime]

ok since sean posted here i will take his word for it that the checks are on the way. again, IF FTP JUST TOLD US THAT FROM THE MOMENT THEY KNEW ALL WOULD BE WELL. i will give check 10 calender days to arrive since yesterday (which apparently is a day after sean found out) if its not here by then i will assume going forward:

A) i was lied to by a FTP rep
B) the rep was lied to, which is also aggravating
C) take 100% of my play to stars

[verybaddd]

question -

i've been reading on the forums that many us players are having issues
with check delays and that there was an issue with the check processor.

is this true?

response -

Thank you for contacting Full Tilt Poker Support.

Unfortunately, this is the case. On June 27, our check processor
notified us of an issue that had temporarily affected their ability to
process checks. That resulted in longer than average wait times for
North American players who requested a cash-out via check between June
12th and June 26th.

It has been confirmed that all delayed checks have been shipped as of
June 27th. Your check should be arriving in the upcoming week, or the
beginning of the following week at the latest.

We understand that in this difficult climate it is more important than
ever to have safe, effective and timely methods of deposit and
withdrawal for our players. We are currently testing several new
payment
processing options that we plan to make available to you in the near
future.

We apologize for the inconvenience these delays may have caused you,
and
are working to mitigate the impact to our players when we experience
processor difficulties.

Regards,

Jagroop
Full Tilt Poker Support

origi

[sublime]

progress

[earck]

Just got this email.

On June 27, our check processor notified us of an issue which temporarily affected their ability to process checks. This resulted in longer than average wait times for North American players who requested a cash-out via check between June 12th and June 26th.

We apologize for the inconvenience these delays may have caused you, and are working to mitigate the impact to our players when we experience processor issues.

It has now been confirmed that all delayed checks have been shipped as of June 27th. Your check should be arriving in the upcoming week, or the beginning of the following week at the latest.

We continue to strive for safe, effective and timely methods of deposit and withdrawal for our players. We are currently testing several new payment processing options that we plan to make available to you in the near future.

We appreciate your business and thank you again for making us your online poker choice.

Sincerely,

Full Tilt Poker Support

[sublime]

just recieved an email from FTP

its kinda weird as the body i in a different font than the opening and closing. like it was copy and pasted from this very forum or something. anyways it is a setp in right direction

[ QUOTE ]
Dear hunglikeabro,

On June 27, our check processor notified us of an issue which temporarily affected their ability to process checks. This resulted in longer than average wait times for North American players who requested a cash-out via check between June 12th and June 26th.

We apologize for the inconvenience these delays may have caused you, and are working to mitigate the impact to our players when we experience processor issues.

It has now been confirmed that all delayed checks have been shipped as of June 27th. Your check should be arriving in the upcoming week, or the beginning of the following week at the latest.

We continue to strive for safe, effective and timely methods of deposit and withdrawal for our players. We are currently testing several new payment processing options that we plan to make available to you in the near future.

We appreciate your business and thank you again for making us your online poker choice.

Sincerely,

Full Tilt Poker Support

[/ QUOTE ]

[bdf]

[ QUOTE ]
2+2ers,

I’m sorry I’m not able to provide much new information, but I will give you as much as I have regarding this issue.

We just found out that for a brief period earlier this month, our check processor was unable to issue checks . That resulted in longer than average wait times for players who requested a cash-out via check.

After examining the situation, the issue was rectified. I confirmed yesterday that all delayed checks have been shipped. Your check should be arriving this time next week, or the beginning of the following week at the latest. We apologize for the inconvenience these delays may have caused you, and are working to mitigate the impact to our players when we experience processor difficulties.

The majority of our players who request a cash-out via check receive them in a timely manner. Many of our players receive their checks within a week and most receive their check in less than 15 business days.

We understand that in this difficult climate it is more important than ever to have safe, effective and timely methods of deposit and withdrawal for our players. I can’t say much about it right now, but we are currently testing several new payment processing options that I think you guys will really like.

Sean

[/ QUOTE ]

Isn't this akin to a casino being unable to deal cards, or a restaurant being unable to serve food?

[cbloom]

Apparently this just happens in the new online poker climate.

The thing that bothers me is just that we aren't notified sooner and given our money back in our accounts. I would've taken it out with ePass or something.

[pokerrn72]

I requested a $5,000 check on June 20 and another one on June 22. The first check just arrived in the mail today. i live in california.