Americas Cardroom Payment Processor Asking Customers to Lie About Deposits

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Three days short of the four-year anniversary of Black Friday, the poker community discovered that one a well-known U.S. facing online poker site may be engaging in some of the same activities that got PokerStars, Full Tilt and Absolute Poker indicted back in 2011.

Poker pro Mike McDonald, better known as ‘Timex’, revealed on Sunday night that a payment process for Americas Cardroom asked him to lie to his bank about a potential deposit to his account.

Considering the fallout experienced by companies after Black Friday, one would have expected a generic response from the company such as “we will investigate the matter.” Instead, the company shifted blame to a third-party company and claimed there was nothing they could do.

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http://www.pokerupdate.com/news/netw...bout-deposits/

You don't need to lie about anything you just don't tell them what it's for.

Timex lives in Canada anyways so I don't know why he is having those kind of issues. I'm sure he was trying to make a deposit to play the One Million GTD that WPN had on Sunday.

Shizzmoney, you usually bring great stories to the table, but this one isn't newsworthy. (I'll probably discuss it on radio, though, just to point out that it's not newsworthy!)

Bodog has been telling people the same thing for many, many years, and they are generally accepted to be the masters of poker payment processing.

This is the reality of US-facing sites. It is necessary for them to lie to and mislead the banks in order for both the deposits and withdrawals to go through.

Did you know that some major banks are shutting down people's accounts for receiving poker cashouts?

Did you know that any poker deposit will be blocked by your bank or credit card issuer if it is detected to be from online gambling -- even legalized online gambling in some cases?

So yes, ACR was just advising Timex that he needs to inform the bank that the failed transaction was for "sporting goods" rather than gambling, so they will unblock his next attempt.

Totally standard.

If this stuff bothers you, then you shouldn't be playing on sites like ACR, Bodog, Merge, etc.

Timex should know better. It's been 4 years since Black Friday (in fact, today is the anniversary).

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Originally Posted by Dan Druff

Shizzmoney, you usually bring great stories to the table, but this one isn't newsworthy. (I'll probably discuss it on radio, though, just to point out that it's not newsworthy!)

Bodog has been telling people the same thing for many, many years, and they are generally accepted to be the masters of poker payment processing.

This is the reality of US-facing sites. It is necessary for them to lie to and mislead the banks in order for both the deposits and withdrawals to go through.

Did you know that some major banks are shutting down people's accounts for receiving poker cashouts?

Did you know that any poker deposit will be blocked by your bank or credit card issuer if it is detected to be from online gambling -- even legalized online gambling in some cases?

So yes, ACR was just advising Timex that he needs to inform the bank that the failed transaction was for "sporting goods" rather than gambling, so they will unblock his next attempt.

Totally standard.

If this stuff bothers you, then you shouldn't be playing on sites like ACR, Bodog, Merge, etc.

Timex should know better. It's been 4 years since Black Friday (in fact, today is the anniversary).

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I was more posting it for the LOL factor that A) Timex apparently doesn't know better on how US players have been getting our money on these sites for years and b) the LOL twitter thread from US depositors' stories of the various front sites (from female cosmetics to golf clubs to sex toys) that poker rooms have used to get money from point A to point B.

Goes to show just how out of the loop poker players are when it comes to the D2D operations of these sites, both legal AND illegal.

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Did you know that some major banks are shutting down people's accounts for receiving poker cashouts?

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I haven't heard of this (as of recently)! That is so fucked up....especially considering if you are in the Eurozone and banks over there literally give you a handjob if you want to deposit money in their banks (due to negative internet rates).

On a side note (and a twist of irony): pokerstars launches their PokerStars USA page today (4.15): http://on.fb.me/1DjptHS

Last time I made a deposit on acr it showed up as a video game store from Australia. The deposit is instantaneous.

And now the ACR CEO questions DFS sites:

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A recent Bloomberg article quotes Nigel Eccles, the chief executive officer and co-founder of FanDuel, as saying the company isn’t profitable, “but we’re building a multibillion-dollar business.”

That quote isn’t too comforting and leads me to wonder how daily fantasy sports websites can expect to maintain profitability considering their No. 1 resource of revenue is the fees on these fantasy tournaments. The amount of advertising dollars alone that some of these daily fantasy sports websites are spending is incredible.

This of course leads me to the second problem….transparency. The daily fantasy sports industry operators are exempted by the Unlawful Internet Gambling Enforcement Act of 2006 as it’s considered a game of skill. This is a loophole that may not always be open, so there are legal risks.

“There is zero evidence anyone contemplated fantasy of the daily variety when they passed this loophole,” said Florida State assistant professor of sport law Ryan Rodenberg in a Fantasy Sports Trade Association article

As they are not considered a gambling institution, they are not beholden to the rules that regulate casinos and other gambling institutions. They are also not a bank where they must produce balances as public record.

Also, there are only two daily fantasy sports sites that are publicly traded and presumably under stricter financial oversight. Fanduel and Draftkings are not public even though they are easily the two biggest in the space (this has not been confirmed).

This is where players could be left holding the bag. In order to deal with the daily demand of cash out requests, I’m assuming that the majority of these companies could get away comfortably with having about 20% of players balances at their disposal. This leaves an awful lot of money that is just sitting there “not being used” for daily operational costs.

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http://www.americascardroom.eu/blog/...antasy-sports/

Really funny shit today...

So I get a call from a 450 number....dude tells me that he saw a twitter post I made where I mentioned some of the funniest faux transactions I have seen when I made a deposit on bodog.

They asked me to remove the post, otherwise "it might hamper my ability to deposit in the future"!

Kinda intrusive if you ask me, but whatever I deleted it.

Goes to show these guys are getting a little nervous and are monitoring social media; methinks some govt agency might be getting curious now. Not like it matters; I'm sure these motherfuckers are on the DOJ's radar and they only reason the DOJ hasn't moved in is because of some legal technicality or lack of concrete evidence on who owns the site.

ACR just copies Pokerstars for pretty much everything they like about them and did that once again adding there version of Spin and Gos aka Jackpot Poker this week.

I prefer the full tournament but for those off peek hours it's great for the rec player..at least there not being stagnant. I don't know why anybody would play carbon horrible customer service a stagnant web and slow payouts even before this bullshit. Bovada has traffic for the pot limit games and stuff but treat you like shit. If your a no limit player, fuck em! Full flush is fun with good customer service but it is totally geared for the rec player which even annoyed me. I wouldn't play those jackpot games but in between tournaments or off hours I say kudos to a.c.r. For trying there best..