US Poker Players Lose eWalletXpress Funding OptionNovember 29, 2010 9:24 am
Earlier this month, online payment processor eWalletXpress claimed that the reason for their diminishing presence on US gambling sites was due to “technical issues.”
However, the actual reason why the business service was disappearing from many online gaming sites became a lot clearer recently after eWalletXpress announced:
“We regret to inform you that we are no longer able to continue service at this time due to a federal warrant issued to seize our funds.”
It is now feared that eWalletXpress will follow the lead of NETeller before it and withdraw from the US market altogether as the threat of lengthy litigation, fines and seizure of funds by the US government becomes all the more likely.
This will come as a major disappointment to an army of online poker, bingo and casino players in the US, who have relied on eWalletXpress in the past as a reputable online banking option.
In addition, those unfortunate players already with funds in an eWalletXpress account may now have to wait months or years to have their money returned, as they wait for “technical issues” to be resolved.
This was the case with NETeller customers after the U.S. Department of Justice (DOJ) seized around $55 million from the company in 2007. Its customers were subsequently unable to withdraw their funds and only after a year of negotiations did NETeller agree to pay a fine to the US and then were able to release a big chunk of their customers funds.
The main online poker rooms which will suffer as a result of eWalletXpress departure will likely be Bodog, although DoylesRoom, Carbon Poker and Cake Poker will also be affected.
In the meantime, other online e-payment options currently still available to US players include UseMyWallet, MyPayLinQ and Digital-Pin.