Another processor leaves the US market

[maxpower79]

http://www.e-gold.com/news.html

E-gold is blocking US accounts from being used at gabling sites. Although it doesn't seem like very many people, if any, were using them, it is still unfortunate. I looked into it to fund my 5Dimes account, and it seemed like it would be very slow, have high fees, and only be good at one book.

I have to say I'm surprised - they seemed to have a maverick attitude, but I guess they decided it just wasn't worth it.

[bigboydan]

This definitely sucks.

I hate to see us lose yet another processor to use, especially when the conference tourneys start in roughly in a week.

[Bill Dozer]

http://www.e-gold.com/news.html

E-gold is blocking US accounts from being used at gabling sites. Although it doesn't seem like very many people, if any, were using them, it is still unfortunate. I looked into it to fund my 5Dimes account, and it seemed like it would be very slow, have high fees, and only be good at one book.

I have to say I'm surprised - they seemed to have a maverick attitude, but I guess they decided it just wasn't worth it.

I read that as a It's-not-our-problem statement. It basically says that a gambling site can deny US users if it desires. Otherwise egold could flip the switch on their end.

e-gold Empowers Online Gambling Sites
to Refuse Payments from US Persons

On October 12, 2006, the Safe Ports Act was signed into law in the United States. As a result of the Safe Ports Act and the Unlawful Internet Gambling Enforcement Act of 2006 contained in the Safe Ports Act, the facilitation of many forms of Internet gambling by persons located in the United States has become a proscribed activity. With the objective of preventing the use of e-gold by United States persons for unlawful online gambling, e-gold has deployed a feature whereby any e-gold account holder may configure their e-gold account(s) to block incoming e-gold Spends from accounts controlled by Users residing inside the United States or who are accessing the Internet from within the United States. Online gambling businesses using e-gold are now required to enable this new account attribute.

[Santo]

I thought that also, but:

"Online gambling businesses using e-gold are now required to enable this new account attribute."

[jjgold]

Its over except ** or Money Gram

[JoshW]

Might be similar to ** where they will have to use a private name to fund, but I guess is then fraud and not worth the trouble.

[Sam Odom]

e-gold was sorta shady and complicated. They wont be missed.

[pags11]