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HeadKase
High Card
Joined: 03 Oct 2006
Posts: 5
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 Posted: Wed Oct 04, 2006 3:39 pm Post subject: Might have a way around the online bill. |
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| Hey everyone. Figured my first post should have some legs to stand on. Since banks wont allow you to transfer $$$$ to Online rooms what about services like Western Union or Moneygram? They are not banks and are just wire transfer mediums. I don't believe the bill has any mention of their services which would mean you can bypass credit card and banks. May be a little more time consuming but not within the bills new guidelines. Let me know what you guys think. |
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Strasse
Forum Ego
Joined: 16 Nov 2005
Posts: 5115
Location: Austin, TX
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| Posted: Wed Oct 04, 2006 3:44 pm Post subject: |
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| we can already use neteller and firepay, so why not continue to use them? |
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HeadKase
High Card
Joined: 03 Oct 2006
Posts: 5
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| Posted: Wed Oct 04, 2006 3:51 pm Post subject: |
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Just found this.
Neteller
A leading online money transfer service provider, notes the recent action early on Saturday 30 September by US Congress to pass HR 4954, the Safe Port Act (the "Act") which includes certain provisions to prohibit unlawful internet gambling through the restriction of payments to such sites.
The Act further states that there will be a period of up to 270 days beginning on the date of the enactment for a board including the US Federal Reserve and the US Attorney General to prescribe regulations requiring each designated payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions.
The Company, in conjunction with its advisers, is considering the potential impact of the Act at this time. The Board believes that the Act may have a material adverse effect on NETELLER's US facing business. Once the Company has more information about what the regulations will stipulate, it will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on the Company. In the meantime, the Company will continue to monitor the progress of this legislation and to energetically plan and adapt NETELLER's business to minimize any potential adverse impact. The Company will remain focused on developing its business in line with its stated strategic objectives including geographical and product diversification.
The Company's next trading update for the third quarter will be issued towards the end of October 2006. In the meantime, the Company will endeavor to keep shareholders informed of any material developments. |
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cypress_98
Royal Flush
Joined: 28 Feb 2006
Posts: 592
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| Posted: Wed Oct 04, 2006 3:51 pm Post subject: Re: Might have a way around the online bill. |
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| HeadKase wrote: |
| Hey everyone. Figured my first post should have some legs to stand on. Since banks wont allow you to transfer $$$$ to Online rooms what about services like Western Union or Moneygram? They are not banks and are just wire transfer mediums. I don't believe the bill has any mention of their services which would mean you can bypass credit card and banks. May be a little more time consuming but not within the bills new guidelines. Let me know what you guys think. |
Ok say you deposit by Western Union or Moneygram and then you win a big MTT and want to cash out a grand ........??? A check from the poker room won't fly I would think. |
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HeadKase
High Card
Joined: 03 Oct 2006
Posts: 5
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| Posted: Wed Oct 04, 2006 3:59 pm Post subject: Re: Might have a way around the online bill. |
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| cypress_98 wrote: |
| Ok say you deposit by Western Union or Moneygram and then you win a big MTT and want to cash out a grand ........??? A check from the poker room won't fly I would think. |
Not sure what you mean by "Won't fly". I have had friends cash checks from online poker rooms for 5 and 6k before. The bill does not make it illegal for you to cash checks.Takes longer to get in snail mail as you would expect but legal and works. |
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UFO1947
Alien Interrogator
Joined: 08 Jun 2006
Posts: 3306
Location: NS, Canada
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| Posted: Wed Oct 04, 2006 8:37 pm Post subject: Re: Might have a way around the online bill. |
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| HeadKase wrote: |
| cypress_98 wrote: |
| Ok say you deposit by Western Union or Moneygram and then you win a big MTT and want to cash out a grand ........??? A check from the poker room won't fly I would think. |
Not sure what you mean by "Won't fly". I have had friends cash checks from online poker rooms for 5 and 6k before. The bill does not make it illegal for you to cash checks.Takes longer to get in snail mail as you would expect but legal and works. |
that was before the ban |
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BOYNAMEDSUE
Moderator
Joined: 27 Jun 2005
Posts: 7909
Location: Isle of Tilt
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| Posted: Wed Oct 04, 2006 9:51 pm Post subject: |
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| The best way for Neteller to fight this is to expand its services. If I could shop online using Neteller banks wouldn't know who was using Neteller for gambling, and who was using Neteller for non-gambling activities. They wouldn't be forced to block the transfer. |
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pebbleboy
Royal Flush
Joined: 03 Aug 2006
Posts: 757
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| Posted: Wed Oct 04, 2006 11:51 pm Post subject: |
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| BOYNAMEDSUE wrote: |
| The best way for Neteller to fight this is to expand its services. If I could shop online using Neteller banks wouldn't know who was using Neteller for gambling, and who was using Neteller for non-gambling activities. They wouldn't be forced to block the transfer. |
Neteller is used for alot more than gambling already. |
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TedyKGB17
Message Board Junkie
Joined: 19 Apr 2006
Posts: 1565
Location: Indianapolis
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| Posted: Thu Oct 05, 2006 12:23 am Post subject: |
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| if i had 2 make a guess, i would say that less than 50% of their business is from gaming sites. |
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htrain3434
Flush
Joined: 12 Jul 2006
Posts: 136
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| Posted: Thu Oct 05, 2006 10:46 am Post subject: Re: Might have a way around the online bill. |
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| UFO1947 wrote: |
| HeadKase wrote: |
| cypress_98 wrote: |
| Ok say you deposit by Western Union or Moneygram and then you win a big MTT and want to cash out a grand ........??? A check from the poker room won't fly I would think. |
Not sure what you mean by "Won't fly". I have had friends cash checks from online poker rooms for 5 and 6k before. The bill does not make it illegal for you to cash checks.Takes longer to get in snail mail as you would expect but legal and works. |
that was before the ban |
Actually, banks and credit card companies will not be accepting your withdrawals either. Neteller will not be able to process payments to your bank. I don't get people who haven't read into this. Did you think everything was just going to go on as normal. They are going to make it nearly impossible for you to deposit money and more importantly impossible to withdraw it. |
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DukeLeto
High Card
Joined: 05 Oct 2006
Posts: 11
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| Posted: Thu Oct 05, 2006 10:59 am Post subject: Neteller |
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There is nothing in the transferring of money that is new to us. Most sites cannot process credit cards already. I may not be able to draft directly into a account like I can now from my us banking checking account, but it just means I have to wait a few extra days for transactions to process.
Furthermore, the banking industry already says it can't monitor all of this and has no desire to do so. Neteller is still processing withdrawels, and if they won't do it, someelse will open up and do it. If worse comes to worse, I can always open an English or Swiss banking account and transfer the funds through there.
The real issue is whether the sites will continue to take bets from US. |
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cypress_98
Royal Flush
Joined: 28 Feb 2006
Posts: 592
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| Posted: Thu Oct 05, 2006 11:13 am Post subject: Re: Might have a way around the online bill. |
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| HeadKase wrote: |
| cypress_98 wrote: |
| Ok say you deposit by Western Union or Moneygram and then you win a big MTT and want to cash out a grand ........??? A check from the poker room won't fly I would think. |
Not sure what you mean by "Won't fly". |
What I mean is that no US financial institution is going to cash a check or let you deposit a check from a poker site now. There will not be a 270 day grace period on this aspect either because it is really simple for the bank to implement...."Sir we cannot handle a check from that entity." Maybe you could start a fire with it or something. 
IF the poker sites continue to accept action from US players after the 270 day proccessing period then the most feasible alternative if you want to use the site for real money is going to be an offshore account. And to tell you the truth that process in itself may open up a whole new can of worms.
To tell you the truth I'm not worried too much about the next 270 days it is the period after that which should concern. |
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UticaHoldEm
High Card
Joined: 10 Aug 2006
Posts: 6
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| Posted: Thu Oct 05, 2006 12:26 pm Post subject: Online Poker Forum - Might have a way around the online bill. |
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OK, If everyone must have a way around this -
1) find a reputable offshore bank and open an account online.
2) Transfer funds to this new account
3) Make all deposit and withdrawls to this accountfrom your Online playing site
4) most would come with ATM cards
5) for larger withdrawals - wire transfer to your US Bank
If they have truely not made playing illegal, This would be the easiest way around the Banking ban.
I think the bigger problem maybe the blocking of site By US ISPs, Then there is no way around it. |
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UticaHoldEm
High Card
Joined: 10 Aug 2006
Posts: 6
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| Posted: Thu Oct 05, 2006 12:33 pm Post subject: |
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One more thing.
Check with your legal adivsor on legality of this advice. |
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griffinlord
Message Board Junkie
Joined: 19 Jul 2005
Posts: 2459
Location: The Great Plains of South Dakota
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| Posted: Thu Oct 05, 2006 12:36 pm Post subject: Re: Might have a way around the online bill. |
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| htrain3434 wrote: |
Actually, banks and credit card companies will not be accepting your withdrawals either. |
Why not? What provision of the law prevents payment FROM a wagering site?
| htrain3434 wrote: |
| Neteller will not be able to process payments to your bank. |
Again, why not?
| htrain3434 wrote: |
| I don't get people who haven't read into this. Did you think everything was just going to go on as normal. They are going to make it nearly impossible for you to deposit money and more importantly impossible to withdraw it. |
They are trying to stop the deposit of funds. My understanding of the law is that it does not address withdrawls. But, since you have made this same claim in multiple threads, and you are the only one so far that seems to have this knowledge, please explain it to the rest of us. Which provision(s) will make it illegal for the bank to cash a check I recieve from an online poker site? |
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