ACH Funding at BetEd.com--Why no other sites?

mikeroddick · #1 03-01-2007, 06:44 PM

I recently stumbled on a site named www.beted.com, who is part of primapoker network, and they are processing electronic checks, for both deposits and withdrawals, with no fees and transaction turnaround is 1 day.

They are using a processor name www.depositron.com.

Any one have any info on either the site or the processor?

How are they able to process ACH when it seems no other gaming site / processor can or will?

Are there any other sites that still process electronic transactions.

Why isn't every site using this processor to make smooth deposits and cashouts?

vinyard · #2 03-01-2007, 07:32 PM

[ QUOTE ]

Any one have any info on either the site or the processor?

[/ QUOTE ]
Nothing on the site but the processor is a reputable Canadian company located in Nova Scotia or on PEI.

[ QUOTE ]
How are they able to process ACH when it seems no other gaming site / processor can or will?

[/ QUOTE ] Because they are willing to accept some level of risk to make a fair bit of cash. I suspect many of these sites will begin to use something like Depositron if not Depositron itself.

[ QUOTE ]
Are there any other sites that still process electronic transactions.

Why isn't every site using this processor to make smooth deposits and cashouts?

[/ QUOTE ] I thought Ultimate Bet still was or some other smaller non-FTP or Stars site.

mikeroddick · #3 03-01-2007, 08:18 PM

I thought the only issue with sites was they were not able to find a processor willing to process.

In other words, the risk lies on the processor, not the sites themselves.

vinyard · #4 03-01-2007, 08:20 PM

[ QUOTE ]
In other words, the risk lies on the processor, not the sites themselves.

[/ QUOTE ] Maybe, I am being unclear - I meant that Depositron is willing to accept some risk to make cash as a ACH processor.

mikeroddick · #5 03-01-2007, 08:26 PM

vinyard,

I understand what you meant that it's Depositron taking the risks....I don't understand why other sites aren't utilizing their services to make ACH deposits available to us.

BluffTHIS! · #6 03-01-2007, 08:46 PM

MicroDik,

So you "stumbled" on that site, and also "stumbled" on the name of their ACH processor? I mean does that site have the name of their ACH processor on their website or did you dig it up?

poorolrich · #7 03-01-2007, 08:50 PM

Now Now Bluff--What are you trying to say??????????????

mikeroddick · #8 03-01-2007, 08:53 PM

[ QUOTE ]
MicroDik,

So you "stumbled" on that site, and also "stumbled" on the name of their ACH processor? I mean does that site have the name of their ACH processor on their website or did you dig it up?

[/ QUOTE ]

Bluffy,

I stumbled onto this site over month ago, and in the past month, I've processed deposits as well as cashouts.

The processor that showed up on my bank account was depositron. I wouldn't have posted here until I actually checked it. There are still plenty of sites that claim to process e-checks on their web-sites, but they don't any more.

As of 1 week ago, beted.com still processed both debits and credits

What is it that you are implying anyway, bluffy?

BluffTHIS! · #9 03-01-2007, 08:56 PM

Micro,

I am just curious as to your motivations in posting the name of that company here. The more publicity they get, the less likely that they will be around to process your next cashout/deposit. If you wanted to email that info privately to other sites you play on that would be different.

mikeroddick · #10 03-01-2007, 08:58 PM

Damn...

Can we get that info deleted by a mod?

I wasn't thinking straight....