No Way to move the money.....BoDog, PS, FTP, Empire, VIP, Doyle

[nutmeg022]

let's all remember something. ACH is an American product set up to move money from U.S. checking accounts.

All these online companies, NETeller, Citadel, Nexum, they all use ACH processors which are all located in the U.S. The problem is they have pulled out since all of this has happened and there is no way for the echeck companies to move the money.

PS and FTP poker use a third party to process the funds that begins with a "G". And "G" has their own ACH processor which probably has pulled out and now no one can move the money.

BoDog has their own echeck product, and they work directly with the ACH company. And that ACH company has pulled out. So no way anyone is getting a payout after this has happened. There is simply no way of moving the money at this point and that is going to cause CHAOS.

This is very simple people. Get out and get out now. Otherwise you will be depending on getting a paper check from Bodog of pokerstards which i would not rely on either.

-IC

[1p0kerboy]

Thanks for your helpful, expert advice.

Ban.

[KurtSF]

If we shoot all the messengers, maybe this nightmare will just go away!!*


*Not defending the OP here, just commenting on the group-think ostritching going on around here, were everyone wants any naysayer insta-banned.

[nutmeg022]

Fine delete the posts......it's true though!

[SirArthur]

[ QUOTE ]
Fine delete the posts......it's true though!

[/ QUOTE ]

What are your sources, how do you know all this to be true?

[nutmeg022]

Because I have sat on conferece calls with most of them today. I cannot reveal my identity for my own sake, but its true.

The NACHA is the governing body in the US for ACH's and they told all their processors they cannot do business with these kinds of companies.

it sucks, but they are batching these ACH's and there is no where for them to go.

I feel your pain

[nutmeg022]

Sorry

[SirArthur]

I hope you're wrong as I have large Echeck w/d that is pending at bodog that is currently being held up by "technical difficulties" on their end.

You kind of sound like you know what you're talking about, or am I to gullible here?

But why the sky is falling approach, how can you "get out now" as you say if the all the money is locked up?

[Jbrochu]

[ QUOTE ]
Otherwise you will be depending on getting a paper check from Bodog of pokerstards which i would not rely on either.

[/ QUOTE ]

Why?

[SirArthur]

[ QUOTE ]
[ QUOTE ]
Otherwise you will be depending on getting a paper check from Bodog of pokerstards which i would not rely on either.

[/ QUOTE ]

Why?

[/ QUOTE ]

If you read my other thread, Bodog is not issuing checks any more as Banks aren't honoring them.
This has been confirmed by others as well.