I have confidence that this will be resolved soon.

It does indeed suck for a lot of us though. I NEED to be able to cash a check for my trip to Vegas soon.

Because when you deposit the check and the bank makes the funds immediately available to you, they are essentially loaning you the money until the check actually clears.

My bank has a screen on the teller's computer which "rates" me as a check depositer and this value determines whether a customer has to wait for a specific check to clear or not. I have good history with my bank so they make the funds from the deposited check available to me immediately even though they didn't do this when I was a newer customer.

I asked about this when depositing a poker check last year and the teller said if the check ends up being no good they will charge me the difference to my account plus the bounced check fee. She never asked about the source of the check. This is a useful service to me for non-poker reasons, so I am not depositing my latest Stars until this gets sorted because I don't want to tarnish my bank history.

PREDICTON:
The American sky falling, and what we're seeing now with the bad processor is a result of UIGEA, or more specifically the regulation that will force banks to comply later this year. Obviously I hope not. The specific date later this year for compliance is the final deadline for the new rules to go into effect, not necessarily the date the banks will click the mouse to turn the rules on which is what some people are incorrectly assuming. I always assumed some banks would begin complying much earlier than the deadline.

Why is this different from any processor issues in the past at this point? I agree with your point on the final deadline, but sites are still processing checks through other processors no problem and its unclear if this processor failed or just their main account failed. This could be UIGEA related, but there's zero evidence.

So are they crediting your account with the funds not received?

If so how long did that or will that take?

If they are, they haven't done it yet. No word other than the generic response.

Someone pm me the processor please.

EDIT: Done. Thanks.

(Do not name processors or banks)

So it looks like the issue might only be with checks drawn on the processor's account at big national bank, not the account drawn on smaller west coast bank FWIW

lol this is certainly UIGEA related

why would a bank lose TONS of business... ask yourself that

fear of punishment obviously... there is no public image problem and it looks like they are cleaning shop before the feds come marching in come December.

Does anyone know if there would potentially be a way for stars tilt to use a foreign processor and hence avoid this whole deal? I have no problem waiting 2 weeks for a check from a swiss bank or something like that.

Christ, were all your other 2409 posts this ridiculous?

American banks have already complied with UIGEA; try depositing via credit card from a major bank. Bad processors are most likely the result of the structure by which these payments happen; which im guessing is that some X corp sets up an anonymous account. This isn't the sky falling. Pokerstars gives them money, and for some X amount of days that corp tallies up principal to be paid out, and gets money wired through it. After some time, either regulatory authorities or you name it looks into the transactions and closes the account. Sometimes when this happens ahead of schedule the payment processor "goes down."

You'll be happy to note that every intelligently written post about the issue has consistently stated that checks are going to be impossible to block. So no, it isn't the sky falling. It's most likely some payment processor structure issue and don't worry, AFD135 Co from Iowa will have your valid check on the way very soon.

It seems like Stars is falling behind on this one compared to the other Sites. People from Tilt and Absolute have gotten their funds re-credited to their account and Stars has done nothing but send out e-mails saying they are aware of the issue and to be patient.

Surprised Stars is in 3rd place here.

I think we really need to be concerned if the credit unions start to become a problem. My credit union is awesome and they never give me a hassle. I have never heard of a complaint related to online gambling from a credit union.

pay your ****ing taxes. If you don't want to be treated like a criminal, don't be a criminal.

standard imo.

over/under how many of new threads on the same subject are created in the next week?

Be patient, the sky isn't falling yet. It's big business in the US market and they PS/FTP are not leaving without a fight.

i received this email from stars:

someone PM me the processor as well

EDIT: DONE... ty 1p0kerboy

Sent.

can someone pm me the name of the bad processors plz

for pokerstars

I deposited the 1st using the processor in question... It's good now... but, I'll let you all know if it bounces

Umm...I deposit with a credit card from a major US bank. I wasn't aware this was a huge problem.

Not to get too off topic, but the overdraft fees might be tax-deductible.

lol

Yes obv i won't out the processor on this thread, but anyway on the bad checks there is a number to the processor so i decided to give them a call to find out any information

First few times i called it went straight to a answer machine telling me to leave check #, merchant id blahblalh on the 4th try however a woman picked up.

I asked her about information regarding the return to sender checks that were issued and i quote

"One moment please...." about 3 seconds later "click"

i insta call back and nothing. I must have called back 30 times

What a joke

if anyone wants the number just PM me

Got a check today...somebody clue me in on what checks were affected please?

edit: fml