I requested a check on 6/1 and recieved it 6/5. It looks slightly different than the usual. I didnt recieve an email saying not to deposit it. I am going to ask them before i do though.

got this email when i woke up today. so it looks like we will know something by the end of monday:

Got this:

Dear hiho, We were recently informed by one of our check providers that their bank account has been frozen. As a result, the following check cannot be cashed or deposited at this time: Transaction ID: ZZZZZZZZZZ Amount: "$12,500.00" Mailed date: "March 26, 2009" We are in communication with the provider to establish the exact circumstances, and find an immediate solution. We appreciate your patience in the meantime and will provide a further update by end of day Monday. Please accept our sincerest apologies for any disruption this has caused you. Best Regards, Eduardo PokerStars Payments Department"

can someone pm me the bad processor please?

If you actually think about it.The government makes a ton of money from online poker.There are a lot of honest pro tax payers .For those who dont pay taxes on their winnings most everyone throws some money in to try and qualify for the wsop .There is like 50 million in the prize pool at the main event which most all of the money comes from people playing on the internet so im guessing at least 25 million of that is going to be taxed .That does not even count all the other events that the internet contributes to also.

can someone pm the name of the bad processor? I requested a check on 6/2 and should be getting it any day now, just wanna make sure I don't deposit a bad check and get a fee. Thanks in advance.

It will be withdrawn from your account. Many people including me had the funds available and then taken out.

lol stars better hook us up with 10%+ bonus on this money...wtf

Hate to be a negative nancy, but I don't think this problem is going to go away until the uigea is repealed. Banks are being faced with some pretty hefty fines for processing payments for online gaming. So stars or ftp can change their payment processors or bank accounts, but now all the banks have to do is have their financial analyst team isolate all the people who have used intsant echeck and had a check bounce, cross-reference that with any new checks being deposited and they'll be able to find and cut off the new source.

Suffice it to say we just got F'd in the A. Hopefully the banks won't figure this out, and let's also hope that stars & ftp have some kind of backup plan

There is NOTHING in the UIGEA that prohibits cashouts and depositing said checks so this is false.

Also, can someone plz PM me the name of the bad processor?

UIGEA regs explicitly exempt banks from doing this kind of analysis because the banks complained this would be a royal pain in the ass to do. Not to mention that the UIGEA regs don't cover withdrawals.

Processors have gone down before and they'll go down again.

sent

Sometimes its good to live in a country of pacifists (Canada)

Change your PS address to a Canadian one, then you can get a echeck transfer directly to your Canadian bank account, if you request it Monday, it will be in your account by Wednesday. I withdrew on Wednesday night and when I woke up on Friday it was in my bank account.

little help here, not exactly sure what this means, got this email from stars

Hello rawlings22,

It has come to our attention that on 2009/06/06 you made a $669.78 deposit request which was reported incorrectly.

Your deposit request was listed as approved in your PokerStars account, but we have found that this deposit request was declined by the processor. This means that $669.78 was credited to your PokerStars account but was not debited from your account.

$669.78 has now been debited from your PokerStars account balance. We are very sorry for the inconvenience this may cause you.

If you have any questions, please email us anytime.

Best regards,

PokerStars Payments Team

why was this credited back to my stars account then debited back out? should i be expecting a check? or is my $$ just holding somewhere. I emailed stars no response yet

rawlings

It means you made a deposit which Stars now can't clear so they are taking the money back since it will never actually move from your account to Stars. See the e-check thread

got an email yesterday saying the 2 checks i had not deposited yet would not go thru and just to wait on those, but the one on its way (requested 5-27) would arrive soon and should be fine. all 3 checks were for the same amount.

then today my ps acct was credited w the amount of 1 of the checks, with it showing "cheque cashout cancelled". havent got another email yet saying which one was cancelled or the current status of the other 2.

EDIT: upon a closer look at my cashier history, the most recent check requested was 6-3 but that transaction has dissappeared from the history box, so that is most likely the amount refunded.

yea but i havent even received the check yet. there was no deposit on my end

The check I cashed out on Tuesday (6/2)morning and received and deposited on Friday (6/6) was from the same processor as my last 1/2 dozen or so after checking my records. I had no problems while depositing the check and it hasn't bounced back yet/nor have I received a Stars e-mail.

Also just for reference, I also withdrew a check on 5/27 and did not have any delay problems receiving the check or deposit problems.

So I'm guessing it may be possible that some of these checks actually cleared somehow before it was shut down??

Can someone PM me the name of the bad processor. Thank you. Have a 1k check I need to cash.

Id talk with Stars then as someone is confused. This sure looks like they are talking about a deposit since they talk about a deposit request, crediting money to your Stars account, then debiting it out of the Stars account. A withdrawal would go exactly the opposite way

So it looks like all American poker sites are having trouble issuing checks to American players. Why aren't we panicking yet?

Because outside of the 1 processor they have others.

Also they gave people the OK to cashout via check and said they will be uneffected.

"USA online poker banking is getting harder, not easier. We could be reduced to only mailing in pieces gold to fund and getting paid our cashouts in Sklanksy Bucks, and some of the denial masters here woudl persist in saying online poker is fine and USA fish will always find a way to deposit. Sure, all 73 of them."

Funny as hell!

The fishing derby, as far as American fish are concerned, is over! Does anyone think this weekend's mess at PS, FT, Bodog, Ultimate Bet, the NY Atty G shutting down 7 processors, etc and all this ill is not going to make the newpapers and other news outlets?

The fish are going to the bottom and staying there!

i deposited with an e-check on the 29th, it cleared my bank on the first, so the money is gone out of my checking account, i was looking at these thread, so i took a look at the cashier, went to the cashout thing, it still says i have a pending transaction, for the deposit. so the processor got the money, but pokerstars didnt? doesnt make me feel real safe.

also, why dont these guys have redundant processor systems set up yet, its not like this is the first time this has happened, and im guessing it wont be the last.

Because this is the third time it's happened and we did just fine after the other two times.

It's one bank account of one large processor.

I think it's most likely frozen by the bank itself and the government doesn't have anything to do with it (despite what 'gambling911' reports; they've been wrong on so many other things in the past that they've lost almost all of their credibility in the community).

Anytime the DoJ has frozen money like this in the past (like Neteller, for instance), they've issued a press release on their website. Yet we see nothing there now.

If it is indeed government intervention, you can be rest assured that the PPA would file a class action lawsuit under the condition that player withdrawals are specifically exempted in the UIGEA regulations AND there are no federal laws which make offering online poker illegal in the first place.