methinks
The law states that if someone defrauds you via your checking account.
The bank is responsible for the theft, not you. Why do you think some
banks give you such a hard time if you want to cash a check. They are
left holding the bag if they screw up and cash a forged check. I am quite
sure that the law will be the same concerning e checks.
The law states that if someone defrauds you via your checking account.
The bank is responsible for the theft, not you. Why do you think some
banks give you such a hard time if you want to cash a check. They are
left holding the bag if they screw up and cash a forged check. I am quite
sure that the law will be the same concerning e checks.
If someone fraudulently takes money out of your account, you simply notify you bank. Your bank then takes the money back from the bank they sent the money to. THe second bank then goes after the guy who stole the money.
The thing to remember, is when you use an online check, you aren't giving any info that isn't on every check that you write out to someone. You have just as much liklihood of someone stealing form you with an online check as you do with giving somoene your credit card info.
The thing to remember, is when you use an online check, you aren't giving any info that isn't on every check that you write out to someone. You have just as much liklihood of someone stealing form you with an online check as you do with giving somoene your credit card info.
Let's say it is a sportsbook owner in Costa Rica that knows that his book is going bankrupt. He decides to forge online checks against as many customer bank accounts as possible, leave the country with the money, and is never heard from again. Who is out the money? Me, my U.S. bank, or the Costa Rican bank? What if the Costa Rican bank refuses to reimburse my bank? Is there an international banking law that regulates this? The fact that the book and its bank are in a foreign country, not subject to U.S. banking regulations, concerns me the most.
methinks, it doesn't matter. I knew/know a few girls that work at banks and if you have any unauthorized funds that have been deducted from your account, you simply go to your bank and explain it to them and they will reverse it........methinks said:
And by the way, I have used this method before at a couple of books. Cant remember the company (the middle man) that it went through first before going to the book, but did you know that I was called in and questioned about this transer possibly being linked to a "gaming" transaction!?!!:shocked:
i think you guys are a little off track here. when you process an online check with a gaming company, you aren't simply writing them a check on the internet or over the phone. you are almost undoubtedly first entering your information into a system such as citadel which will ask you certain questions to confirm your identity and then check you against a database of fraudulent users. If your risk score is low enough and your check is accepted, the gaming company will then put the funds in your account. This entire process takes only seconds. When it's time for a withdrawal, the book or casino simply runs a report to see if your check has been settled. If your check has still not been settled with the processor, this may take up to 10 business days, then the book will make you wait for the payout. If you decide to be a scumbag and block payment on the check or claim it wasn't you. You're not going to be dealing with a cs rep in costa rica or the islands, you'll have the processor company coming after you and turning your deadbeat azz over to collections.
Exactly Huckfinn.........But I think that he is just worried about someone, somewhere along the line, eventually taking money out of his account without his consent. Maybe it will help him understand a little better now to know that the echeck doesn't go DIRECTLY to the sportsbook, it first goes to a financial company, or the "middle man" who then ok's the echeck and sends the funds to the sportsbook. And you're right, by using such a method, the company makes you wait unitl the check clears your bank before you can request a withdrawal, and takes normally around 7-10 days as you mentioned.....
