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Shady Payment Processors...Chad Elie - Very Interesting Shady Payment Processors...Chad Elie - Very Interesting

07-10-2013 , 05:46 PM
If you think the operators are shady, the payment processors are the worst of the bunch. This has been true since the dawn of online gambling (do a Google search on Nick Nolter).

Today, operators maintain small amounts with each processor as they frequently take hits when said processor decides to close up overnight and runs off with the funds.
07-10-2013 , 09:04 PM
Quote:
Originally Posted by Chris Costigan
If you think the operators are shady, the payment processors are the worst of the bunch. This has been true since the dawn of online gambling (do a Google search on Nick Nolter).

Today, operators maintain small amounts with each processor as they frequently take hits when said processor decides to close up overnight and runs off with the funds.
WARNING WARNING!!!!!


Last edited by Bictor Vlom; 07-10-2013 at 09:05 PM. Reason: I smell a rat!!!!!
07-11-2013 , 02:05 PM
Quote:
Originally Posted by Chris Costigan
If you think the operators are shady, the payment processors are the worst of the bunch. This has been true since the dawn of online gambling (do a Google search on Nick Nolter).

Today, operators maintain small amounts with each processor as they frequently take hits when said processor decides to close up overnight and runs off with the funds.
I guess we can be happy then that JDB Sevices owns Lock. They sure aint running away with their own money.
07-11-2013 , 04:07 PM
Quote:
Originally Posted by HammerMan72
I guess we can be happy then that JDB Sevices owns Lock. They sure aint running away with their own money.
This has been disclosed numerous times but people for whatever reason don't even think much of it.

So for the final time, Lock Poker OWNS JDB Services which is a payment processor where you get your checks from.

Yes people Lock OWNS their own payments processor so all the bull**** you hear from Shane about the need of finding new processors is bull****!
07-11-2013 , 04:39 PM
Quote:
Originally Posted by BuSTMeANuT
This has been disclosed numerous times but people for whatever reason don't even think much of it.

So for the final time, Lock Poker OWNS JDB Services which is a payment processor where you get your checks from.

Yes people Lock OWNS their own payments processor so all the bull**** you hear from Shane about the need of finding new processors is bull****!
I've never understood why this isn't more of an issue with people either.
07-11-2013 , 05:16 PM
Quote:
Originally Posted by Chris Costigan
If you think the operators are shady, the payment processors are the worst of the bunch. This has been true since the dawn of online gambling (do a Google search on Nick Nolter).

Today, operators maintain small amounts with each processor as they frequently take hits when said processor decides to close up overnight and runs off with the funds.
Dude, you just keep putting your foot in your mouth. Lock is their own payment processor- JDB Services. You should know that, you are referenced in the article:

http://calvinayre.com/2013/05/10/pok...nd-loose-lips/


Hey Shane,

You want to comment on this post or skip over it as it hits too close to home.............
07-11-2013 , 08:11 PM
Quote:
Originally Posted by Bictor Vlom
Dude, you just keep putting your foot in your mouth. Lock is their own payment processor- JDB Services. You should know that, you are referenced in the article:

http://calvinayre.com/2013/05/10/pok...nd-loose-lips/


Hey Shane,

You want to comment on this post or skip over it as it hits too close to home.............
JDB Services is part of the Lock Gaming Group's corporate structure but, is not now nor has it ever been a payment processor.

All processing for the Lock sites is handled through 3rd party operators, which are not owned or controlled in any way by the Lock Gaming Group or Jennifer Larson.
07-11-2013 , 08:23 PM
Quote:
Originally Posted by imjustshane
JDB Services is part of the Lock Gaming Group's corporate structure but, is not now nor has it ever been a payment processor.
All processing for the Lock sites is handled through 3rd party operators, which are not owned or controlled in any way by the Lock Gaming Group or Jennifer Larson.
Do any of Lock's management, employees, or stakeholders own an interest in any payment processors which does business with Lock?




http://jdbservicesnv.com/index.html

JDB Services NV specializes in online payment processing.
Our broad merchant base has helped to develop our processes. A system based on simplicity and privacy, combined with increased convenience and speed.

Last edited by Bictor Vlom; 07-11-2013 at 08:28 PM.
07-11-2013 , 08:23 PM
Nobody's ever received a check or WU from JDB Services?

Seems to me that people have been mentioning that name for over a year now as the company that checks and WU's are drawn on.
07-11-2013 , 08:44 PM
Quote:
Originally Posted by JimAfternoon
Nobody's ever received a check or WU from JDB Services?

Seems to me that people have been mentioning that name for over a year now as the company that checks and WU's are drawn on.
The payment processor doesn't put its name to communications and transactions thats what JDB is created for, its our side plugging into the processor.

The processor is the structure that Chad talks about in this video and is never in direct contact with the customer.

That way if JDB needs to plug into 3 different check processors at the same time it can, all with a singular client facing entity in JDB.
07-11-2013 , 09:11 PM
I actually, believe it or not, have to somewhat hesitantly believe Shane here. I don't think JDB is a or 'the' payment processor. They have to play the name game and keep the other processors nameless to "protect" them. It's definitely shady - but as I understand it (could be wrong though), all US-facing rooms have to deal with these types to accept deposits via bank-drawn debit cards, WU's, and the like.

It definitely doesn't excuse Lock's current timeframes on cashouts - shady processors or not, they opened the floodgates and welcomed as many US players as they could with their promotions, overlays, practices, etc. etc. and now are suffering because of going after them at any cost. Though I'm sure Lock and other rooms have had processors dodge them, cut and run, and otherwise do whatever they wish since they basically run the show - don't think the responsibility doesn't all go back to Lock in the end, because it does. If they took a sensible business approach and had created an honest dialog with players from the start, they wouldn't be where they are now.
07-11-2013 , 09:35 PM
Every check I've ever gotten post-BF was from an overseas bank drawn on some random shell company.

It seems odd to write checks from JDB when you're trying to fly under the radar and hide the fact that Lock is involved.

But who knows? I'm certainly not an expert.
07-11-2013 , 11:47 PM
(referring to comment since deleted by Bictor Vlom)

^^ Dude, we get it. We've been over this stuff ad naseum (go check the many threads on this) and it's not helping the dialog. As much as I and others hold Shane's feet to the fire on things, continuing to go on and on and on about things covered to death and then some isn't making things any better.

There's even a thread dedicated to going nuts and letting off some steam.

Last edited by IHasTehNutz; 07-11-2013 at 11:54 PM.
07-11-2013 , 11:49 PM
Quote:
Originally Posted by IHasTehNutz
^^ Dude, we get it. We've been over this stuff ad naseum (go check the many threads on this) and it's not helping the dialog. As much as I and others hold Shane's feet to the fire on things, continuing to go on and on and on about things covered to death and then some isn't making things any better.

There's even a thread dedicated to going nuts and letting off some steam.
Done and deleted. Didn't realize it was covered in other threads. Though I am starting to realize that Shane must have gone to the Bill Clinton school of semantics and parsing. And I liked Bill Clinton.
07-12-2013 , 02:36 PM
I could be nasty now and bring out all them domain look-up's again and write 500 words about what is owned by who but I wont cause it's covered in another thread.
07-12-2013 , 04:32 PM
Quote:
Originally Posted by HammerMan72
I could be nasty now and bring out all them domain look-up's again and write 500 words about what is owned by who but I wont cause it's covered in another thread.

Quote:
Originally Posted by HammerMan72
Quote:
Originally Posted by surprised
We should demand that Lock Poker(Cipaco N.V) apply for an membership at CIGA.
Cipaco NV is not correct the domains are owned by JDB Services.
Lock Poker state on their homepage(http://lockpoker.eu/support/terms/) that I sign a legally binding agreement with Cipaco N.V. and you say I sign a legally binding agreement with JDB Services because JDB Services is the owner of the domains. So Lock lie on their homepage?
07-12-2013 , 05:02 PM
No I have never said that but you sound like the guy surprised from the thread linked above.
07-12-2013 , 05:05 PM
Quote:
Originally Posted by HammerMan72
No I have never said that but you sound like the guy surprised from the thread linked above.
What you have said?
07-12-2013 , 05:06 PM
Quote:
Originally Posted by sunsibar
Lock Poker state on their homepage(http://lockpoker.eu/support/terms/) that I sign a legally binding agreement with Cipaco N.V. and you say I sign a legally binding agreement with JDB Services because JDB Services is the owner of the domains. So Lock lie on their homepage?
The domain registrar is not who you sign the contract with, as per the contract its Cipaco N.V. which is the company the gaming licence is connected to.
07-12-2013 , 05:10 PM
Quote:
Originally Posted by HammerMan72
No I have never said that but you sound like the guy surprised from the thread linked above.
Good call.
07-12-2013 , 05:12 PM
Quote:
Originally Posted by sunsibar
What you have said?
Edit: I said you sound like surprised.


Quote:
Originally Posted by Mike Haven
Good call.
Shakalaka
07-12-2013 , 09:18 PM
Sorry if this is off topic but Shame you have stated that Lock uses 3rd party processors. Why does Lock still use them if they are so slow? If Lock was really concerned about paying people would you not have switched by now?
07-12-2013 , 09:30 PM
bye

Last edited by Rainbow Warrior; 07-13-2013 at 12:20 AM.
07-13-2013 , 04:40 AM
Quote:
Originally Posted by HammerMan72
No I have never said that but you sound like the guy surprised from the thread linked above.
Mods and I think many posters have known pretty much for the beginning that it was him. However, we often don't automatically ban second accounts. But sunsibar's been on the edge for some time; guess he finally pushed it too far.

Quote:
Originally Posted by it-is
bye
And now that he just comes back with the same nonsense on new accounts, he gets pretty much instabanned.

      
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