Checks drawn on US banks are very quickly going to become a thing of the past

[StarnetGypsy]

Originally Posted by biggame

Starnet, I must not fully understand the process.

Here's what I was thinking for example, today's wires are coming from "Mike" via some offshore bank. Tomorrow's wires are coming from "Jim"... and so on and so on.

So the answer would be that US banks just stop accepting wires from all offshore banks, but that doesn't seem realistic. But even if they said "just no Costa Rican banks" (which would cause problems for all the "legitmate" money flow), then wire the money through an intermediary like RBC or RBS first. Either way the originator would change as often as necessary.

Oh, ok BigGame, I see what you're saying now.

Nah, that wont work either coming from a gaming company's business bank account, but would from an individual's personal bank account.

It's all depending on what name the business has their bank account under, and if it's a gaming related name, it aint gonna happen.

I am always dealing w/people in the UK who buy ads and they have unilaterally chosen not to go against the guidelines of UGIEA in any way, shape, or form w/re sending monies to the US. The 'papertrail' prohibits their doing so ...

An individual can send bankwires all day, but soon as he sends more than say 20 a day, the bank sees more red flags than a Chinese May Day parade, and begins inquiring what the hell is going on ... keep thinkin on it tho, maybe you'll come up w/a solution

[MRW2276]

Well what about checks drawn on banks outside the states, but in dollars?

[jackyl]

This whole industry is going to be gone within 6 months! It's some new shit every fucking day, and I'm sick and tired of reading the newest "updates" 4-5-6 time a day! Part of me just wishes the entire list of reputable shops would just discontinue the U.S. customer base altogether.

[(sportman)]

Where is Shoebox?

[The Major]

Not sure, last I saw Ken was blowing him :) He likes that sorta thing I thing. :)

all is good.

[The Major]

Originally Posted by MRW2276

Well what about checks drawn on banks outside the states, but in dollars?

Most checks are drawn on US banks sent from other countries, you just dont know it. Check the routing number.

[Highwayman]

Gamblers’ are a stubborn bunch, many BJ players leave the game only when they don’t have any additional money to wager…

Similarly, there will be American gamblers’ who won’t leave the offshore gaming world until they can’t retrieve their winnings or make a deposit…it’s only a matter of time…US financial institutions are not going to risk being criminalized just so Americans can continue playing offshore.



.

[skilled27]

Originally Posted by jackyl

This whole industry is going to be gone within 6 months! It's some new shit every fucking day, and I'm sick and tired of reading the newest "updates" 4-5-6 time a day! Part of me just wishes the entire list of reputable shops would just discontinue the U.S. customer base altogether.

YES! THIS WOULD BE IDEAL!

[Brock Landers]

Originally Posted by The Major

You will quickly see checks coming from Canada using US intermediaries such as U.S Bank, Harris, etc, stopping (the ones that cleared the same day). Replacements for this in the short term will be gift cards and checks drawn on foreign banks that will need to be sent out for collections. If you are not a top rated customer at your bank, they will be holding these checks for a few weeks minimum.

You can thank the largest book in the world and there complete and utter incompetence and gross negligence when dealing with bank rules for this news update.

When I read all the posts about blaming the books for having no way to play their players, I tend to disagree. While it is their responsibility to have your funds available on demand, there has to be a way for them to send them to you. This latest situation is going to make that, that much more difficult for them and this can be blamed on one book and one book alone.

TM

Any updates on this since it was orginally posted Major? I've gotten checks since this was posted and had no issues..

[George Jetson]

HAS THE MAJOR EVER PUFFED B.C. BUD???

[The Major]

Yes