• Walmart Provides Poker Players An Alternative To Unsafe Payment Processors

    30 March 2007

    Newspaper

    The Register
    Thursday 29th March 2007

    House of Cards The online payment processing industry took it in the chops again this week, as the Electronic Clearinghouse, Inc (ECHO) settled with the US government over allegations that it profited from online gaming transactions by supplying Neteller with payment processing services prior to the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) last October.

    Of course, since the UIGEA won’t take effect until June 2007, that would appear to be self-evident.

    Nevertheless, the action is something of a letdown for the DOJ. ECHO noted that the only reason it settled was to benefit its own shareholders by sparing them the costs of expensive litigation. It established that the DOJ does indeed have the political leverage to extort money out of legitimate enterprises – a fact that most Reg readers are already well aware of.

    The $2.3m settlement represents all the profits the company supposedly made off Neteller transactions prior to the date the UIGEA was signed into law. The company caught flak from the DOJ for not “winding down” its operations quickly enough after the legislation was passed – though, of course, the UIGEA still has not even gone into effect.

    The main effect of the DOJ’s actions was to scuttle a planned merger between ECHO and financial software powerhouse Intuit, which clearly did not want to buy into a potential lawsuit.

    Online gamblers, however, are not dismayed, as American retail monster Walmart is providing a safe and secure alternative to shady payment processing options.

    Moneygram is widely available at your local Walmart, and is currently accepted by Pokerstars.com, though it does require a very unWalmart-like hefty processing fee of $9.95 per transaction.

    Nevertheless, for those who want to play, Walmart is clearly the convenient place to go. Thanks, Sam. ®

    Related News

    • Upcoming new casino tripleseven casino

      New Casino Sites

      TripleSeven Casino Comes with Great Games and FeaturesIvan Stefanovic05 November 2021

      TripleSeven Casino is a new online casino that takes players to the next level of betting with a variety of games, great bonuses, and maximum security. The brand is an online casino run by the Online.Casino brand, which has several other online gambling halls and is licensed to conduct online operations by the Curacao jurisdiction. Warm Welcome for New Players

      Read full article
    • Evoplay launched exciting bonanza wheel

      Gambling News

      Evoplay Launches Exciting Bonanza WheelIvan Stefanovic02 August 2021

      Game development studio, Evoplay, has announced the release of its latest title, Bonanza Wheel. The game is a true goldmine for fans of traditional casino games. The supplier invites players to spin the Bonanza Wheel which is filled with multipliers and high payouts. The luckiest players will be able to take part in the bonus round of the game, but first, they will need to find a valuable scratch card hidden in one of the sectors to carry them there. The game offers a decent RTP of 96.

      Read full article
    • Realer dealer studios added two roulette titles

      Gambling News

      Real Dealer Studios Adds Two Roulette TitlesIvan Stefanovic16 July 2021

      Real Dealer Studios, a Malta-based casino provider of online casino games, has added two games to its popular Real Roulette series, and 2 new live dealers have joined its incredible roulette portfolio. This time, it is releasing Real Roulette with George and Real Roulette with Dave. Both games are played in a pleasant and private environment that gives the player a sense of personal interaction with the dealer.

      Read full article