You might still be able to deposit, but there will be greater difficulty, IMO.
I could see WU and MG demanding ID, maybe fingerprints for even $500.
BS like that.
Banks and other financial institutions have until December 1st, 2009 to comply with the UIGEA rules. However, its regulations still do not spell out what is illegal and legal under the law, instead deferring to existing state and federal statutes. The rules read, “Creating such a list [of what is legal and what is not] would require the Agencies to formally interpret those laws that are written and enforced by other entities… The Agencies believe that appropriate due diligence conducted by participants opening accounts would be the most effective method for preventing unlawful internet gambling businesses from gaining access to the payment system.” You can view the full UIGEA regulations by visiting the website of the Poker Players Alliance (PPA).
I could see WU and MG demanding ID, maybe fingerprints for even $500.
BS like that.
Banks and other financial institutions have until December 1st, 2009 to comply with the UIGEA rules. However, its regulations still do not spell out what is illegal and legal under the law, instead deferring to existing state and federal statutes. The rules read, “Creating such a list [of what is legal and what is not] would require the Agencies to formally interpret those laws that are written and enforced by other entities… The Agencies believe that appropriate due diligence conducted by participants opening accounts would be the most effective method for preventing unlawful internet gambling businesses from gaining access to the payment system.” You can view the full UIGEA regulations by visiting the website of the Poker Players Alliance (PPA).
Not at all.
Over the past 5+ years there's been a gradually expanding network of trustworthy individuals who serve as agents for the various offshore and overseas sportsbooks.
That network will simply expand and within another five years we'll likely all have on hand several trustworthy names of people to who we can legally send money who will then reliably place it with our desired sportsbook.
Over the past 5+ years there's been a gradually expanding network of trustworthy individuals who serve as agents for the various offshore and overseas sportsbooks.
That network will simply expand and within another five years we'll likely all have on hand several trustworthy names of people to who we can legally send money who will then reliably place it with our desired sportsbook.
It's still a patchwork deal sending money to persons in Nicaragua and Bulgaria, always a different name.
How many will still want to send if MG/WU are required to collect detailed data from the sender ?
No replacement has come for Neteller....maybe GP, but I think their time will be short.
It's pretty obviously a gambling deal ( or drugs), when Honky sends money to Nicaragua.
They ( gov't) will tighten that up, restricting the flow of cash.
No wires to books from BofA type of thing.
Game is over for most very soon, IMO.
How many will still want to send if MG/WU are required to collect detailed data from the sender ?
No replacement has come for Neteller....maybe GP, but I think their time will be short.
It's pretty obviously a gambling deal ( or drugs), when Honky sends money to Nicaragua.
They ( gov't) will tighten that up, restricting the flow of cash.
No wires to books from BofA type of thing.
Game is over for most very soon, IMO.
I agree w/ the grim outlook. I don't think it matters if offshore books expand their existing foreign agents who receive deposits from US customers b/c the problem is you still have to use WU or MG and you'll still be sending payments to some Jose Dominguez or Ana Santa Maria Lopez in Nicaragua. Most spots already ask for ID if over a certain amount and some spots require your SSN and even though they tell you it's private secured info they won't give out to uncle sam, i say fuck that.
On another note, honestly i think the gov't can stop or at least hold a real iron grip over all the "illegal" payments being sent through WU or MG if they really wanted to. All they'd have to do is require ID and SSN proof for every payment being sent to anywhere in Mexico and below in South America along w/ the Caribbeans.
On another note, honestly i think the gov't can stop or at least hold a real iron grip over all the "illegal" payments being sent through WU or MG if they really wanted to. All they'd have to do is require ID and SSN proof for every payment being sent to anywhere in Mexico and below in South America along w/ the Caribbeans.
I can also see "restrictions" being tested well before 12/1.
I think what one should do is load up accounts now, as it will become more difficult in the near future, but only at A+ books, they should be able to get you a check if you win, but reloading accounts will become too much of a hassle, for most.
Next the books ( catering to Americans) will be choked off from most funds, and many will start to fail, slowpay, downsize, and consolidate.
I hope I'm wrong about this.
I don't think I am wrong, though !
Personal credit cards will likely be done as an option very soon. Same for any form of E-checks ( already gone from 5D).
Perhaps person to person transfers with European recipients will fill the void for a while, but Nicaragua is probably easy to red flag. Just call it "suspicious activity", require reporting of some sort....
Forum futures don't look great either.
Locals are the winner as Big Brother takes over our country.
I think what one should do is load up accounts now, as it will become more difficult in the near future, but only at A+ books, they should be able to get you a check if you win, but reloading accounts will become too much of a hassle, for most.
Next the books ( catering to Americans) will be choked off from most funds, and many will start to fail, slowpay, downsize, and consolidate.
I hope I'm wrong about this.
I don't think I am wrong, though !
Personal credit cards will likely be done as an option very soon. Same for any form of E-checks ( already gone from 5D).
Perhaps person to person transfers with European recipients will fill the void for a while, but Nicaragua is probably easy to red flag. Just call it "suspicious activity", require reporting of some sort....
Forum futures don't look great either.
Locals are the winner as Big Brother takes over our country.
I disagree, somewhat PPP. The US money is critical to a lot of books in CR that serve 90%+ Americans. I mean smaller books like Justbet,Wagerweb, and many dozens of others. Euro players don't bet there ( IMO), when they have Pinny,Betfair,etc.
US still has the most money to bet. What country is close ? Huge market.
I think it is time to be extra careful where you choose to play.
*Literally tens of thousands of people send money legally and without hassle from the USA to international destinations every single day.
*If Moneygram and WU begin to exert undue hassles on their patrons, competing businesses will take their business. There are currently dozens of ways to legally transfer money internationally and more will develop in coming months as the global economy expands
*The "government" can try and tighten up all they want. But there will still be literally billions of dollars moving internationally every 24 hours. And enterprising people will have little trouble finding channels.
Nonsense. There are several dozen methods of moving money internationally in the era of the internet.
Though you might not personally be aware of all of them at this moment, be assured that if WU and MG actually do try a clampdown, the many other methods will become more advertised.
And as long as they are not based in the USA, there is not jackshit the US government can do to impede them.
Basically, this short thread here is a microcosm of the same concerns expressed five years ago when Netteller said they would no longer move money from the USA to anything remotely tied to offshore gambling.
And here we are five years later and the offshore gambling industry has no trouble receiving or sending money pretty much anywhere they want.
And here we are five years later and the offshore gambling industry has no trouble receiving or sending money pretty much anywhere they want.
