That duo doesn't have an official role with Neteller, but they own a majority of the stock. It was a good ol' piercing of the coporate shield.
They got arrested due to the new law.
There are still several “e-Wallet” companies that online poker players can use to transfer money from their banks to their sites of choice. They include Instadebit, Click2Pay, Money Transfer, Payspark and ePassporte.
Why is it that big of a blow? Just need to switch companies... or am I missing something?
I'm guessing because eventually those other e-wallet companies are going to end too. And then you guys will just have the option of some fly-by-night companies that you don't know if they'll steal your money or not.
Its too early to tell if any one else will leave the market. If worse comes to worst, it is quite possible that sites like Full Tilt will develop their own payment processors. In fact it is my understanding that Stars has already done just that to facilitate EFT transfers to bank accounts. That is simillar to what Party Poker did with IGM Pay which was their echeck service that worked with EFT withdrawls and deposits.
Losing Neteller sucks because it made it really easy to move money inbetween the companies and I never paid a single fee with them. Other services apply fees to your transfers and they aren't accepted by everyone. For instance, I can use Click2Pay for Full Tilt, but not for Stars so in order for me to move money to and from Stars I need to use Click2Pay, and my bank account which ties up money for longer periods of time and may cause me further fees.
EFT transfers work for right now, but I'm very interested to see the regulations the Feds are coming out with because that will show what the next step will be. Its not even been proven yet that poker sites will be included as illegal gaming as sports books and online casinos are because the wire act does not cover poker and the new law did not change that.
I don't think we'll ever run out of options to use but I think the big worry as Kori said is that eventually all the legitamate services are run out and all we are left with is dangerously unsecure and untrusthworth services. If it comes to that I'll have to reevaluate what I want to do.
I think you can forget about E-wallets as well. After Neteller pulled out, all the little fish have or will follow suit.
The situation is what it is now...and no, it's not going to be as easy as it has been in the past to fund an account or move money around to various books.
Options now include cashier's check via Fed Ex, WU or bank wires. Was Neteller great? yes, but with these regulations coming down the pike, better them than all the books.
Anyone that gambled in the 90's knows the process on how to manuever these waters like the back of their hand.
At least for now....it's back to the old days.
Click2Pay will it become to new big one??
Well they are NOT publicly traded as Neteller is so good news there.
The market is quickly becoming European and Asian based. I don't give a if the people I beat are from China or from the US as long as they suck. People saying the fish are going to leave is completely ridiculous because they still think that American fish are the majority of the market.
Click2Pay seems very secure. They are based in Germany as opposed to some little country, and they according to emails they've sent out they have no intentions of withdrawing from the market. Neteller on the other hand did release a statement shortly after UIGEA that they would more than likely leave.
I'm hopefull, but I honestly don't know how much of it is wishful thinking at this point.
Click2pay tells me that my IP is not from the United States.
Any other good sites?
epassporte
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