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Poker Banking (69 articles)

Daniel Negreanu Victim of Operation Choke Point

No Merry Christmas or Happy New Year from Bank of America for pro poker player Daniel Negreanu as the financial institution recently closed out his account. The 41-year-old Canadian residing in Las Vegas is a high profile player who has accumulated over $32 million in winnings through the years. On December 23, Negreanu tweeted: "Apparently Bank of Americ...

Poker Banking

Free Withdrawal for Juicy Stakes Players

While deposits are typically straightforward, withdrawal limits can be a little tricky, and it can be difficult to find a banking method that doesn't involve the hassle of fees. As a result, Juicy Stakes Poker, part of the Revolution Poker Network, has decided to make things a little easier on its members by offering one free withdrawal per month, minus the pesky...

Poker Banking

Party Poker Eliminates Processing Fees on Most Payment Methods

Players spoke and Party Poker licensed announcing that has nixed the processing fees on bank transfers and card withdrawals. Affected payment methods include MasterCard, Maestro, Visa, Kalixa Pay, Goplay prepaid MasterCard, ClickandBuy, Paypal and bank transfers. Players using Skrill and Neteller will continue to pay the 3 percent processing fee; however P...

Poker Banking

SafeCharge Introduces StarsCard for PokerStars

Teddy Sagi's SafeCharge, payment technology provider, will manage a prepaid MasterCard for PokerStars players called the StarsCard. StarsCard first launched in the UK on 16 April 2015 and will soon become available to additional markets. The card offers users a safe mobile account for PokerStars and may be funded with vouchers, bank transfer or a debit ca...

Poker Banking

Americas Cardroom Guides Player Into Deception?

As a result of an alleged comment made by a customer service rep from Americas Cardroom to a player suggesting that tell his bank that a deposit was not for online gambling purposes but for "sporting goods from China", the unidentified processor may be under scrutiny. ACR denies responsibility blaming the processor when perhaps it they should have launched an...

Poker Banking

Another Batch of FTP Payments Approved by DOJ

The US Department of Justice Asset Forfeiture and Money Laundering Section has given approval for additional payments to be made to Petitioners who have disputed their Full Tilt Poker (FTP) balances. Administrators Garden City Group (GCG) said 'Petitioners who have confirmed their FTP Account Balances and recently cured deficiencies' will also be paid....

Gambling Law & Society News Poker Banking

Coingaming.io Launches Coin Poker Network

Coingaming.io, a gaming platform provider, announced the launch of the Coin Poker Network with InstaDeal Poker's network solution. Partners reap the benefits of shared Bitcoin-only player liquidity due to the rise in the number of recreational poker players using Bitcoin. Stefan Olsson, chief executive officer of InstaDeal said, 'Coingaming is a signi...

Poker Banking

Pokerstars to Introduce a Margin on Foreign Currency

This week poker forums were on fire, the uproar was provoked by Pokerstars announcement. This well-known online casino intends to introduce a small margin on foreign currency deposits and withdrawals. Many of the player's opinions were negative to say the least. The introduced margin refers to deposits and withdrawals where a financial transaction is conduct...

Poker Banking

Europoker Finally Communicates with Players

Europoker, a former French Ongame skin, ceased operations in September but failed to provide any information to players regarding the decision and leaving them unable to access their accounts. The operator, EP Media, has finally reached out to players notifying them that court proceedings - likely bankruptcy - are in process but have been pushed back until...

Gambling Law & Society News Poker Banking

Garden City to Make More Payments to FTP Players

Garden City Group (GCG) will be making more payments to players on behalf of Full Tilt Poker (FTP) on Thursday, June 12, 2014. The 3,500 payments were approved by the Department of Justice Asset Forfeiture and Money Laundering Section and will total $15 million. Those with "delinquent debt" to be collected via the Treasury Offset Program will receive lesser...

Gambling Law & Society News Poker Banking

Players Experiencing Payment Problems with Win Cake

Win Cake, formerly known as Cake Poker, is racking up the complaints as players claim to have waited a year for payouts. Players are taking to the online poker forums with their complaints of nonpayment much like they have with Lock Poker issues. Win Cake does not accept US players using payment issues seen in the US cannot be used as an excuse. Win Cake...

General Poker News Poker Banking

Lock Poker Ignores Poker Players Alliance Inquiry

Lock Poker has been the focus of player frustration with slow payouts and most recently has failed to respond to an inquiry sent by Poker Players Alliance in April. The Alliance now says it has no other option but to inform players and affiliates of the situation. PPA spokesman Rich Muny said that the Alliance will recommend that players "...educate themsel...

Gambling Law & Society News Poker Banking

Bitcoin Online Poker Network Prepares to Launch

A new online poker network is in the works with software provided by Enterra designed to accept Bitcoins for deposits and withdrawals. Coin Report quoted Enterra CEO, Dimitry Starostenkov saying: 'Starting your Internet business via our Bitcoin poker network, you get your own poker room with up to 12 poker game types, games with different limits, and tournam...

Poker Banking Poker Software

Poker Players Alliance Steps in to Assist Lock Poker Players

The Poker Players Alliance has become involved in assisting Lock Poker players in receiving delayed payouts. The first step was for PPA to reach out to Lock management seeking answers regarding the delayed payments to players. As it stands, the Alliance as well as players are watching and waiting for a response. Lock Poker pulled out of the Revolution Po...

Gambling Law & Society News Poker Banking

U.S. Full Tilt Customers Get the Money

The Garden City Group has updated the fulltiltpokerclaims.com website with more information on the first round of payments. Full Tilt Poker Claims Administrator Garden City Group has posted an update saying it had made more than 27 500 payments, $76 million in total on February 28, 2014. Petitioners are urged to update their account information online by Marc...

General Poker News Poker Banking

Cubeia Integrates Bitcoin

Cubeia, a Swedish software developer, plans to accept Bitcoin currency integrating it into its B2B poker network in support of the company's venture into new markets. Fredrik Johansson, chief executive of Cubeia said acceptance of the currency makes immediate withdrawals possible with no transaction costs. 'Cubeia has followed the evolution of Bitcoin c...

Poker Banking Poker Software

Winning Poker Network Accepts Bitcoin

Bitcoin deposits are now accepted at the Winning Poker Network. Sites within the network include Americas Cardroom which will take Bitcoin deposits which will be converted to cash at the tables and withdrawals will be processed in USD for the time being. Winning Poker Network is the first and biggest gambling company to accept this virtual currency.

General Poker News Poker Banking

Former Tusk Poker Players Finally Receive Payouts

Six years after its shut down and several millions of dollars owed, the Tusk Group reportedly began paying players at the end of 2013. Former players took to online message boards and forums sharing stories of the receipt of 16 percent of their account balances at the time Tusk closed down. The Tusk Investment Group was comprised of 28 online poker and six...

General Poker News Poker Banking

One Year of Waiting for Lock Poker Payments

Players still await payouts from Lock Poker and online poker information sites and message boards have been buzzing this week. Specifically, there are two player that have been waiting for payments less than $2k since 2012 and they are getting restless and leading the crusade to get paid. "Other U.S. online poker sites process these types of withdrawals in...

General Poker News Poker Banking

Poker Players Unhappy with PayPal's Relationship with Iovation

PayPal's relationship with and anti-fraud company Iovation created quite a buzz this week among poker players. Iovation was established by Greg Pierson, also one of the founders of Ultimatebet and Absolute Poker, was named in the multi-million dollar hole-card cheating scandal that surfaced a few years back. Due to Pierson's history and involvement with Iov...

General Poker News Poker Banking

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