G O L D P A Y No longer in business effective Feb. 4

[KingKapperKev]

Effective Feburary 4th, 2011, GP will no longer be processing gaming transactions.

Hope people don't have any money in there!

[secretstash]

omg this is bad news.. similar to e-wallet they just went down too.. if this is anything like net teller than goodluck getting funds anytime soon (atleast they got paid though)... not sure if this company will :S

-stash

[Seattle Slew]

Not surprised. Only a few books used them (Bet Jamaica), I think.

[pirate]

They might not be out of business...just not doing transactions with books....strong armed???

[KingKapperKev]

They might not be out of business...just not doing transactions with books....strong armed???

Now I can't login into Parlaymakers....something about they will send a password to your email. I haven't gotten one yet. Anybody else that uses Parlaymakers get an email about their passsword yet?

[chilidog]

Effective Feburary 4th, 2011, GP will no longer be processing gaming transactions.

Hope people don't have any money in there!

Dude, your initials are KKK. Just sayin...

[minet123]

Now I can't login into Parlaymakers....something about they will send a password to your email. I haven't gotten one yet. Anybody else that uses Parlaymakers get an email about their passsword yet?

Re Read the prompts it gives you
and re set your password

[PD77]

No surpises here. I used them once and got a very uneasy feeling about them as well as parlaymakers. It was a scam for them to charge fees on EVERY transaction even when you received money.

[jboy4]

Maybe ******* is in business with parlaymakers. Just saying

[KingKapperKev]

Re Read the prompts it gives you
and re set your password

Yeah I did that like 4 hours ago and still nothing...oh well my money is probably gone...

[minet123]

Yeah I did that like 4 hours ago and still nothing...oh well my money is probably gone...

worked for me

[KingKapperKev]

worked for me

I just did it like twice and nothing...Can't email them cause by the time I get a response sports betting will be legal in the U.S. LOL

[Igetp2s]

Wow, I just deposited the money I had at Gold - pay with The Greek and BetJamaica a few days ago. I hope this won't cause problems on my accounts.

[Igetp2s]

I got my password reset with 10 seconds. Maybe there's something wrong with your email filters?

[Doug]

Isn't gaming all they do ?

I remember some other gold based e- wallet that also failed.

[thespeculator]

Isn't gaming all they do ?

I remember some other gold based e- wallet that also failed.

i guess you can use it to speculator on gold, the other compnay was e gold, i think ******* was dealing with some brokerage in south america also

[thespeculator]

they are about to go out of business and you are editing me

[David]

Had a feeling this place wouldn't be around for long.

[DaBA]

That's wierd that there is no info from parlaymakers and all GP says is that they are no longer processing gaming transactions.

I reset my password, my GP account is funded, but the linked parlaymaker account has no money in it.

Anybody else have this situation.

[DaBA]

Now GP says temporarily disabled on the "pay"/withdraw link

[Doug]

wasn't the gold supposed to be stored in vaults somewhere ?

[scott235]

wasn't the gold supposed to be stored in vaults somewhere ?

It's all digital curreny, or e-currency like digital reserve
, regardless of what they say. These fiat currencys are only as good as the faith behind them, and you have to assume that when they say it is gold backed that it is a lie.

[bookie]

I just did it like twice and nothing...Can't email them cause by the time I get a response sports betting will be legal in the U.S. LOL

There's a good chance that because ParlayMakers was sending you a confirmation of every bet your spam guard got the idea that their communications were spam, and so sent the password to your spam folder.

Amazing that Max won't step in and explain the GP situation and give us an idea of what we can expect going forward. I guess he just got frustrated by the hassle of communicating with players...his book wasn't growing by talking to us...so he's just gonna step back and let what happens happen. Despite it all I don't have the sense that this is a deliberate scam, just a technology guy who thought it was all about offering the best theoretical price and despite a promising ear-to-the-ground start never got a clue about how real customers make deposit decisions.

[DaBA]

Holy shit PM cancelled 2 winning bets on the laker game last night. what a nightmare.

[PD77]

wasn't the gold supposed to be stored in vaults somewhere ?

I think you could buy gold from them at the going rate. It was just a nice front to try and divert attention to what was really going on.

[erickvivar]

Good timing, I have $290 with them. Their "internal communication system" is not working, it sounds like I'm going to lose that money.

[Himalaya]

Max are you around? Please give us an update.

[Richards]

Will be interesting to see if ParlayMkrs goes down too. Always seemed to be strong implications they were one and the same.

I was hoping GP would stabilize as a long term option but was skeptical that they would succeed. I wish I hadn't been correct.

[Tomahawk]

The 2 best e-wallets are moneybookers and paypal, paypal is only good for gambling if you live in the UK.

I'm glad I haven't used GP. There's no point in using more then 1 e-wallet for gambling, that's why I use MB for gambling porpuse.

[Trucker George]

They might not be out of business...just not doing transactions with books....strong armed???

Wouldn't surprise me if this is the case (strong-armed by the financial crimes dept of the dept of the treasury, USA).

No arrests and won't make the news, but the effect is the same -- another processor goes down -- when the agents come a knockin' and talkin' about charges under the UIGEA, money laundering, criminal enterprise, etc.

Just another day in the US' "war" against online gambling -- a silent and invisible little war that no one cares about.

The FinCen agents will be sitting at home today with their families and watching the Superbowl tomorrow. Then Monday morning it's back to the 9 to 5 government job of hunting down and smoking out online gambling money processors. They probably make a decent paycheck as well. In fact this very thread may have several sets of agent eyeballs on it come Monday morning. Hi, guys! Hope your team lost the Superbowl!

[Seattle Slew]

And how much money does the supposedly "broke" US continue to waste chasing online gambling cases in and out of the country? Would love to see the budget total in that department, and yet education, medical, Social Security are all going broke. A joke.

Just another day in the US' "war" against online gambling -- a silent and invisible little war that no one cares about.

The FinCen agents will be sitting at home today with their families and watching the Superbowl tomorrow. Then Monday morning it's back to the 9 to 5 government job of hunting down and smoking out online gambling money processors. They probably make a decent paycheck as well. In fact this very thread may have several sets of agent eyeballs on it come Monday morning. Hi, guys! Hope your team lost the Superbowl!

[JoeVig]

Where's Max or whoever it was from Parlaymaker with some words about the future plans?

[JoeVig]

The FinCen agents will be sitting at home today with their families and watching the Superbowl tomorrow.

No doubt - and they probably have money down on the game too.

[DaBA]

Anybody get their money out yet or hear anything new?

[Himalaya]

Anyone have evidence that they are actually under Federal Investigation?