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FYI--ECOCARD FYI--ECOCARD

01-17-2012 , 07:26 PM
had a terrible problem with "ecocard" recently and lost some money.
the issue being 'confirmation of identity' in order to withdraw funds.
i've had to do this in the past and didn't have a problem. ecocard's policies
make it more difficult to withdraw your money.
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01-17-2012 , 07:31 PM
oh well
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01-17-2012 , 07:47 PM
I had a 5 figure problem with Moneybookers last June which gave rise to an ongoing case with the FSA and the Financial Ombudsman service. I could have sued them for it and they probably would have lost but I would have needed to fly to London and probably stay there for months if not years, or commute back and forth, obviously not worth it for a relatively small amount.

Lots of people think Moneybookers and other similar ewallets are super legit because they may have "FSA regulated" or something like that written on their website. The truth is that they're poorly run companies that may only be in England on paper. Moneybookers' substantial operations are in Sofia Bulgaria where minimum wage is about $.50/hr, their turnover is extremely high and the people working for them while competent in everyday matters, have no understanding of basic western legal principles and even if they did probably would have no problem violating them. In the case of Moneybookers and Neteller they were literally founded with the explicit purpose of laundering illegal gambling proceeds, and the adults reflect their infancy. They do what they think they can get away with.

All I can say is that I hope poker/gambling is legalized in the US soon. The shenanigans that gamblers in Canada and the US have had to put up with will go away once the operators actually have something to lose by breaking the law, stealing, slow paying etc.
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01-17-2012 , 07:51 PM
Screw every gambling/momey operation that isnt based in the USA ......I cant wait for ipoker!!!!!!! The USA government better do us right dammittt
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01-17-2012 , 08:34 PM
Ecocard is run by the same guys that owned/operated Quicktender. This was the US facing operation. Legally they owe players hundreds of thousands of dollars in missing wire transfers due to forfeitures that happened in a 3 week period. It took them an incredible 3 weeks before they realized something was wrong and stopped sending wires through.
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01-17-2012 , 08:42 PM
Quote:
Originally Posted by mjackson
In the case of Moneybookers and Neteller they were literally founded with the explicit purpose of laundering illegal gambling proceeds, and the adults reflect their infancy. They do what they think they can get away with.
And you can surely also back that up with clear evidence as well, right?

P.S. this thread is about ecocard and not MB
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01-17-2012 , 09:55 PM
Quote:
Originally Posted by 39suited
And you can surely also back that up with clear evidence as well, right?

P.S. this thread is about ecocard and not MB
Yeah, don't want to derail too far, and this has already been beaten to death and beyond in various forms and various threads on 2+2 but my answer is this; in how many states was it legal to offer residents online sports betting services in 2001-02?

Do you remember the press release Neteller sent out to shareholders and news outlets back in, I think, 06 saying that they had "probably lost 80%" of their gross revenues? MB's business model was practically identical.

Again, both those businesses were founded as criminal enterprises for the purpose of laundering money. Do you see what I'm saying?

Just because a drug lord owns a strip club doesn't mean he's in the strip club business. Many of their transactions were legitimate. It just so happens that the majority at the inception were not. And that was by design.
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