In my view, FTP is trying its best to process Echeck deposits and withdraws, but it just can't crack the blockage by the Banking System in U.S. yet. We all know that PS has the same issue, and it has taken action by debiting players' poker account directly, thus resulting a huge mess of causing players' poker account carrying negative balance. I do think what PS is doing really sux big time. I sincerely hope that if FTP is forced to resolve the outstanding Echecks by collecting through FT poker accounts, it will work out a payment plan with affected players on the side. However, they still have to figure out a workable deposit method, otherwise online poker as we know is doomed.

That would be a horrible idea to try to get the money back through peoples ftp account. They would be asking players to put in a ton of money for those that have already blown through what they deposited with little to no chance of getting it back. Most players would most likely say screw ftp and go elsewhere. I know I wouldn't give them one red cent if they put my account in the negative and said I couldn't play there again till it went back to normal.

The option for online poker sites is extremely limited now in U.S. I think barring from any outrageous moves by the site, players in U.S. will stick to the site. However, what PS is doing has come close to be unacceptable to players. That being said, I do believe that we players have a moral obligation to repay outstanding debts we owe. FTP is fronting its own money to players through Echeck deposits for now, it has been for 3 months. This is very risky for business to do. From the ethical stand point, we need to support the site, not to walk away from it. Besides, where else can we go to play poker online? I wish good luck to FTP, and weather this strom with grace.

this whole thing was embarrassing dude

Why in the hell would FTP bankroll players with non-collectable deposits, or not tell their players that they may not collect on these deposits for months? Yes, it completely effs over the grinders when theyre playing against players bankrolled with "play money". Yes, its going to eff over a lot of people if they ever do collect, because despite what everyone says, not many people keep close tabs on their account transactions by keeping a ledger, etc. You don't need even a HS business class to tell you this is a god-awful business plan by FTP....

And yes, I have probably 8 deposits that have never cleared...just waiting and waiting. I'm keeping $$$ in my account to pay if/when they ever do collect, but this is completely ridiculous. FTP needs to inform its players of what the hell is going on.

I regularly deposit $10-$20 amounts to play those $4.40 mtt rush tourney games. Usually once or twice a week, to me online poker is a once or twice a week entertainment expense.

I have multiple deposits waiting to clear my bank ranged from 11/23 to 12/20, then it appeared they resolved the processing issue in January and my deposits began to clear normally in January. All be it with a new transaction description. About the third week of January I still have two deposits still waiting to clear, I figured it was happening again and haven't had to deposit since. Just to see if it was still going on I put $10 in last Friday and it cleared my account on Monday. So, now its working again (as it appears to me). But, I have 2 new January transactions that I have lumped into my earlier ones I'm waiting to have cleared.

I know I made the deposits, so I have money set aside to cover it...only about $200, so no big deal.

I would love it if they did what Pstars did and deduct it from my account, cuz I'd walk away from it. A foreign collection company (or even a domestic one) calling me to try to collect on an illegal U.S. activity? Good luck there.

I have absolutely no problem hearing that people are sticking it to them. What you have here is a foreign company blatenly flaunting U.S. law and sucking money out of the U.S. They shouldn't be operating as it is right now. The more ethical company's respected the new law and did pull out whenever that UIEGA thing or whatever was signed. Should it be legalized and regulated, of course...but it's not, and all indications are it will be years away.

As far as I'm concerned, F 'em.

And for all of you that say you are grinders and "this is my livelihood" Move close to a B&M or go find a real job and do something to contribute to this country you live in.

Let the haters hate.

Having the same problem. Four e-check/quick deposit deposits over the past two months have been approved by FTP but the money hasn't been taken out of my checking account yet.
Glad to see I'm not alone in this (I don't mean to sound selfish, I'm just happy to find out this is an FT processing problem rather than a personal problem).

Is there any chance that the people having these problems can get in trouble with their banks when FT finally comes to collect? I know the UIGEA doesn't affect players, just the banks and sites, but some reassurance is always nice.

My most recent deposit of $300 last week was taken out of my bank account within 3 days.

this happened to my boss at work.. he put $200 on FTP and on Stars, proceeded to lose it quickly.. however his bank didnt approve of the transactions so FTP and Stars never got the money, they locked his accounts and told my boss that he owes money.

He never paid them obv.. why would stars or ftp let you play without the bank approving it.

Do you think it has to do with the particular banks that we have our e-check designated with? I have Peope Need Candy. I know they get rid of bank stuff on here.

Agree.

Crazy to me how people continue making "deposits" knowing they have multiple ones that still haven't cleared. Or are bold enough to do things like withdraw and/or close their accounts so FTP can never get any money.

That greed is going to end up screwing everyone over.

My deposits on FTP have cleared no problem. However, I had been playing on stars doing echecks, and my bank eventually noticed the "pstars" designation, declined to process several transactions, and then immediately and involuntarily closed my account. Big hassle. Had to get a new bank, so far no problems depositing and withdrawing with echecks for FTP.

But now my stars account is negative and locked, and I am not going to risk losing another bank due to them. No way to pay it off except some kind of international money order bs, or to get someone to do a transfer for cash. Such a hassle, bye bye stars.

Not everyone (nor even most I would bet) set out to screw over the sites... For many it's simply the case the the 'deposits' were small and people tend not to reconcile their checks like they should, especially when the transactions are done online and they simply assume it came out automatically and forget about it. It doesn't help that the 'deposits' were allowed to float around out there for INSANE amounts of time past when they should have been processed with no contact from the sites telling the players and shutting them off until fixed. Having said that... pay up via the easiest method you can find and either don't play at the site again or just know that this can happen and play away dealing with the consequences when it does, we're all adults after all.... well, probably.

I'm still waiting for 2 deposits using e-checks to clear on FTP since Nov 21.

On the other hands, every e-check deposit and withdraw from Pokerstars has gone great. All of my business has shifted to PS until FTP clears up their mess.

i'm not trying to screw anyone, i just want to play poker. i won't be closing my bank account just to try to get a couple hundred bucks ahead.

Sorry I didn't see this back when you asked. I've only been hit with a fee once, and it was somewhere around $5.

I've also never had a fee charged for a withdrawal.

Because it's been reliable enough in the past that the slight risk of getting burned for a few hundred was outweighed by the rake they get from letting fish play instantly.

still have lots of deposits still not out of my account since december. Funny thing is they continue to give me my withdrawals.... lol Such bad business... How long is this gonna take? How long before thay legally cant take it? I mean this is getting silly lol. I have plenty of money but at a point it gets jsut too stupid ya know?

You could always email them and tell them you owe whatever, and they can take it out of your Stars balance rather than cashing it out.

Regardless, don't worry for too long. If this continues, they'll certainly pull out of the US - problem solved for you.

OK so i'll admit it... I dirted them out.. I owed like a grand they didn't take it and i closed my account. I know im a scumbag blah blah blah... but it feels great to keep a grand i shouldn't have.. closed the account and i got some emails telling me i need to pay it back to play their again... bye FTP we had a great run

they emailed you? lol..what did the email say?

Yes what did the e-mail say, I am very interested to see how this deposit fiasco turns out. I have a feeling FT is going to be losing a lot of money in the coming months

Agreed. What's funny is the amount of money the bank processors are going to charge FTP for NSF checks. LOL. Those fees alone might drive them out of business.......

any update on deposits clearing?

Anyone have deposits clear that were 1 month+ old?

I hope USA has severe inflation before FTP collects what they are owed. That 3K they have yet to deduct from my bank acct is going to be worth pennies.

I am kidding, but really the value of the dollar, that FTP gets to decide when they will take from me, is changing everyday. At this point, I wonder if the value of the dollar has any impact on when the money will be deducted from me.

What if next week something happens and the value of the dollar skyrockets? It almost doesn't seem right to still charge me 3K. At some point, it is not on me if they haven't collected the money. It has to be processed within some limit of time. When I spent those dollars, they had an exact value, now that value is different. When is a long time too long and unreasonable?

that i can't play until my deposits clear.. they have no leverage