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The Poker Legislation Forum, Brought to You by the PPA Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 04-22-2010, 11:02 AM   #31
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Re: Sites no longer hiding names on bank transactions

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yes im also talking about the banks.
we've already seen evidence of banks trying to close accounts, come June 1st it could become a very serious issue (which is bs since the law clearly states payouts aren't illegal)
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Old 04-22-2010, 11:14 AM   #32
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Re: Sites no longer hiding names on bank transactions

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we've already seen evidence of banks trying to close accounts, come June 1st it could become a very serious issue (which is bs since the law clearly states payouts aren't illegal)
Yes there have been a like a dozen account closures and half of them were questionable and could have been closed due to different reasons. Lets just assume that the entire dozen were all closed because of poker, still that number is an incredibly small sample of the total number of cashouts/deposits going through on the regular.

I also believe that not much will change in regards to june 1st. Most banks, i know one of them for certain (gf's bank where she is an auditor) have already implemented UIGEA procedures. I dont think banks are waiting for this magical date to suddenly start cracking down. Maybe some are, but i contest that the major banks have been implementing their UIGEA enforcement for some time now.
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Old 04-22-2010, 11:16 AM   #33
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Re: Sites no longer hiding names on bank transactions

I agree with the June 1st assessment for the most part (we'll see incremental changes), but we've also had a number of cases where accounts weren't closed but banks asked about transactions. Once its says "PStars" and "FullTilt" on the payments, more of those turn into closures IMO.

Also easier for the DOJ to ramp up pressure if they can identify processors so easily.
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Old 04-22-2010, 11:22 AM   #34
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Re: Sites no longer hiding names on bank transactions

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Originally Posted by LetsGambool View Post
I agree with the June 1st assessment for the most part (we'll see incremental changes), but we've also had a number of cases where accounts weren't closed but banks asked about transactions. Once its says "PStars" and "FullTilt" on the payments, more of those turn into closures IMO.

Also easier for the DOJ to ramp up pressure if they can identify processors so easily.
yea you're probably right, no need to argue semantics.

The interesting part will be whether the banks will care and abide by the law that basically states cashouts are not to be affected.

Also will they go after a lot of individual accounts, or mostly look for commercial accounts doing processing for the sites.
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Old 04-22-2010, 11:22 AM   #35
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Re: Sites no longer hiding names on bank transactions

What do you mean by account closures? You mean if they see "Stars" or "Tilt" on the eChecks that they will close your bank account or reject the check or something else?

No one knows anything about if paper checks have changed?
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Old 04-22-2010, 11:29 AM   #36
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Re: Sites no longer hiding names on bank transactions

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What do you mean by account closures? You mean if they see "Stars" or "Tilt" on the eChecks that they will close your bank account or reject the check or something else?

No one knows anything about if paper checks have changed?
First off no one will close your account right away. You usually will get a warning from the bank either by mail, or they will call you from the accounts department to try and find out what the deal is.

checks afaik are the same, some 3rd party processor in canada or wherever. Pretty sure the sites wont directly send checks unless **** really hits the fan.
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Old 04-22-2010, 11:45 AM   #37
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Re: Sites no longer hiding names on bank transactions

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What do you mean by account closures? You mean if they see "Stars" or "Tilt" on the eChecks that they will close your bank account or reject the check or something else?

No one knows anything about if paper checks have changed?
People have had accounts closed for doing gambling transactions. They have been sporadic at best to this point.
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Old 04-22-2010, 01:02 PM   #38
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Re: Sites no longer hiding names on bank transactions

what should you say if the bank questions you about where a poker transaction came from? do you just deny it? or are you pretty much screwed already and they are closing down your account no matter what you say?
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Old 04-22-2010, 01:10 PM   #39
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Re: Sites no longer hiding names on bank transactions

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Withdrawls from the sites, not deposits, right? Multiple sites or just one? Seems interesting if more than one decided to do this at the same time. That might imply they coordinated doing this for a reason.

My *guess* is they might be pushing for the big showdown. UIGEA is almost certainly going into effect 6/1 in some form. Unless the treasury puts out guidance saying the UIGEA does not apply to poker because it is a skill game then they might be thinking this is the time to take a stand. With withdrawls clearly legal that seems like a place to start.
Since this appears to just be Stars any potential meaning of something signficant I theorized was wrong. Ideally the heading would have said site (or Poker Stars) instead of sites.
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Old 04-22-2010, 01:21 PM   #40
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Re: Sites no longer hiding names on bank transactions

my echeck from 4/7 shows up ****
echeck from 4/21 shows up ****** [variant of site name]

Last edited by TheEngineer; 04-22-2010 at 01:29 PM. Reason: Deleted processor names
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Old 04-22-2010, 01:26 PM   #41
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Re: Sites no longer hiding names on bank transactions

seriously? DO NOT POST PROCESSOR NAMES
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Old 04-22-2010, 01:34 PM   #42
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Re: Sites no longer hiding names on bank transactions

FWIW I checked with a friend who recently withdrew via echeck from Full Tilt and asked him what the description said. I'm not going to post the verbiage here, but will say that it is a processor name (different than has been reported for Stars) and there is nothing indicating 'Full Tilt'. It appears this has only changed at Stars (at least as of last week).
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Old 04-22-2010, 02:01 PM   #43
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Re: Sites no longer hiding names on bank transactions

My last 2 poker stars echeck cashouts in the last few weeks both said in the email sent to me that it would say poker stars on the bank statement. But it showed the 3rd party name both times anyway insead of Poker stars.
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Old 04-22-2010, 02:01 PM   #44
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Re: Sites no longer hiding names on bank transactions

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seriously? DO NOT POST PROCESSOR NAMES
can't the Feds just make a full tilt account and deposit/withdraw and see them anyway?
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Old 04-22-2010, 02:03 PM   #45
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Re: Sites no longer hiding names on bank transactions

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can't the Feds just make a full tilt account and deposit/withdraw and see them anyway?
They were not that smart till you just gave them an idea. lol
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