US banks and offshore gambling

**PatrickBateman** · 02-11-10, 12:39 AM

No one ever said this business was easy, huh?

**DoubleEM** · 02-16-10, 12:57 PM

Originally posted by bookie

Let us know how that goes. Would also like to know amounts that can be deposited through a ******** card.

My Paypal account is funded. That took two days. Then I got delayed with Paypal for a few days verifying my account, but that's done now. I initiated the transfer to ******** this morning. I'll report back when that is done and my books are funded.

Personally, my ******** max is $12,000. Up to $5,000 can be loaded/day through bank transfer or $7,500/day if you direct deposit a paycheck.

**DoubleEM** · 02-19-10, 11:30 PM

Originally posted by bookie

Let us know how that goes. Would also like to know amounts that can be deposited through a ******** card.

Final report:

Bank Accont to PayPal (low 4 figures) - 2 days, no fees
PayPal to ******** (low 4 figures) - 2 days, no fees
******** to Book 1 (high 3 figures) - instantaneous, 46 cents charged on ******** card
******** to Book 2 (mid 3 figures) - instantaneous, 96 cents charged on ******** card

I have no idea how those charges were calculated, but I'm very happy with them.

**John Dough** · 02-20-10, 08:16 AM

Originally posted by DoubleEM

Final report:

Bank Accont to PayPal (low 4 figures) - 2 days, no fees
PayPal to ******** (low 4 figures) - 2 days, no fees
******** to Book 1 (high 3 figures) - instantaneous, 46 cents charged on ******** card
******** to Book 2 (mid 3 figures) - instantaneous, 96 cents charged on ******** card

I have no idea how those charges were calculated, but I'm very happy with them.

And you did all of this completely online, correct?

Thanks for the report.

**scott235** · 02-20-10, 12:04 PM

* i don't think the paranoia is unwarranted. first, if the u.s. economy stays in a rut, corporate vegas is going to lobby very hard, throw a lot of money around and go after internet gambling. vegas is really hurting right now. eventually, they will go after the bettors.

* great30 is right, gift or transfer cards are the best, followed by u.s. money orders for withdrawl. try to cash them if possible. foreign checks are always a red flag. however, if you make your living from betting, i guess you do what you have to do.

* privacy: although betting is socially acceptable in the u.s., OL betting nevertheless is illegal. law enforcement generally does'nt go after rec bettors , since most of them bet themselves. however, if you are innocent, but the unforunate target of a criminal investigation, do you really want this aspect of your private life easily known? (see first paragraph)

* the OL books can and should be doing more to satisfy bettors privacy concerns.
, esp with all the doc requests, they know who you are.

**John Dough** · 02-20-10, 03:11 PM

Originally posted by scott235

* i don't think the paranoia is unwarranted. first, if the u.s. economy stays in a rut, corporate vegas is going to lobby very hard, throw a lot of money around and go after internet gambling. vegas is really hurting right now. eventually, they will go after the bettors.

* great30 is right, gift or transfer cards are the best, followed by u.s. money orders for withdrawl. try to cash them if possible. foreign checks are always a red flag. however, if you make your living from betting, i guess you do what you have to do.

* privacy: although betting is socially acceptable in the u.s., OL betting nevertheless is illegal. law enforcement generally does'nt go after rec bettors , since most of them bet themselves. however, if you are innocent, but the unforunate target of a criminal investigation, do you really want this aspect of your private life easily known? (see first paragraph)

* the OL books can and should be doing more to satisfy bettors privacy concerns.
, esp with all the doc requests, they know who you are.

Certain states have laws against online gambling. Aside from those, please cite the law(s) that makes online gambling illegal for a bettor.

There's also a problem with your "foreign checks are a red flag" generalization, but I'd prefer not to address that in detail. Suffice it to say, taking checks from most offshores is not an issue and draws no red flags.

**DoubleEM** · 02-20-10, 06:52 PM

Originally posted by John Dough

And you did all of this completely online, correct?

Thanks for the report.

Yes, it was all done online.

I'm not paranoid about anything being illegal. I don't think I'll ever get in trouble with law enforcement. I just like making all my transactions online, paying minimal fees, and not having any gambling transactions come directly from my bank account. There are quicker ways to post up money, but if you keep PayPal loaded, this is a reasonable option.

**John Dough** · 02-20-10, 07:11 PM

Originally posted by DoubleEM

Yes, it was all done online.

I'm not paranoid about anything being illegal. I don't think I'll ever get in trouble with law enforcement. I just like making all my transactions online, paying minimal fees, and not having any gambling transactions come directly from my bank account. There are quicker ways to post up money, but if you keep PayPal loaded, this is a reasonable option.

I have similar preferences, that's why I asked, thanks again for the report.

**lordswing** · 02-20-10, 07:36 PM

I doubt it's possible, but worth a shot.

I have a CC added to Paypal, is it possible to send funds from Paypal to ******** with CC money? I see some people mention using another Paypal account to add funds, but that seems against the T&C.

**DoubleEM** · 02-21-10, 02:51 AM

Originally posted by lordswing

I doubt it's possible, but worth a shot.

I have a CC added to Paypal, is it possible to send funds from Paypal to ******** with CC money? I see some people mention using another Paypal account to add funds, but that seems against the T&C.

I don't think so. But I recently found a card called Facecard, and it allows you to load it with a credit card. There are much higher fees associated with Facecard compared to ********. I don't have one of these cards, so I've never tried it, and apparently no one on the forum has either. You can be the guinea pig if you want.

**sq764** · 02-21-10, 07:41 AM

all access gift cards are the best IMO... never fail.. A lot of places are taking ******** moneypaks too

**Smurf71** · 02-21-10, 01:06 PM

As we all know 4 US residents it is not about how to get money in, it's how to get money out! Good day gentlemen!

**JW Cash** · 02-21-10, 03:34 PM

Originally posted by lordswing

I doubt it's possible, but worth a shot.

I have a CC added to Paypal, is it possible to send funds from Paypal to ******** with CC money? I see some people mention using another Paypal account to add funds, but that seems against the T&C.

I have my regular bank set up in PayPal
and have the bank for ******** set up also..

So what I have done is do a transfer of funds from my bank to PayPal
and then transfer those funds to ********...

**Johnny 55** · 02-22-10, 07:49 AM

********, I like it.

**John Dough** · 02-22-10, 08:10 AM

Originally posted by Smurf71

As we all know 4 US residents it is not about how to get money in, it's how to get money out! Good day gentlemen!

I don't really understand this statement. What's so difficult about getting money out?

I have no problems getting money out of top-rated books (and a few not as top-rated).

**scott235** · 02-23-10, 05:17 PM

re: john dough

Originally posted by John Dough

Certain states have laws against online gambling. Aside from those, please cite the law(s) that makes online gambling illegal for a bettor.

There's also a problem with your "foreign checks are a red flag" generalization, but I'd prefer not to address that in detail. Suffice it to say, taking checks from most offshores is not an issue and draws no red flags.

.. off the top of my head, ftc wire act of 1961. federal, so it applies to all states and u.s. territories. in large part enacted to prevent interstate phone betting on sports. also,the unlawful internet gambling and enforcement act of 2006.

big misconception about the uigea is that it only applies to the funding source institutions, ie: cc companies and banks. wrong. read the law. to your point though- the law has only been enforced for practical and political reasons on the institutional level, they have not chosen to go after ind bettors yet.

as for foreign checks, if you pay taxes on your winnings, and chose not to keep your capping private. i agree.

**John Dough** · 02-24-10, 05:10 PM

Originally posted by scott235

.. off the top of my head, ftc wire act of 1961. federal, so it applies to all states and u.s. territories. in large part enacted to prevent interstate phone betting on sports. also,the unlawful internet gambling and enforcement act of 2006.

big misconception about the uigea is that it only applies to the funding source institutions, ie: cc companies and banks. wrong. read the law. to your point though- the law has only been enforced for practical and political reasons on the institutional level, they have not chosen to go after ind bettors yet.

as for foreign checks, if you pay taxes on your winnings, and chose not to keep your capping private. i agree.

I'm pretty sure the wire act, which may or may not apply to online gambling, speaks to the "business of wagering", i.e. the bookie, not the bettor.

As for the UIGEA, which I have read, though not in a very long time, it only speaks to sending money, not receiving it, and of course as you said isn't exactly enforced anyway.

Lastly, yes, obviously I choose to pay taxes, as opposed to committing tax evasion.

**scott235** · 02-24-10, 05:27 PM

of course you do, as you should. i of course would too, but i never ever ever ever ever ever ever win.