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Server Time: 9/6/2008 4:23:20 PM PACIFIC |
 Did we lose paypal?, whiskeytown, 3. Nov 2002 15:41 | ||
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| I have received a message from Paradise (where I don't play anymore) informing me that Paypal would no longer accept payments from gambling organizations. Paypal is the third financial source I have used to finance online poker...(Firepay was first, but they quit accepting Visa...then I used the Visa directly....) - this blows. As I, Mike Caro and other have pointed out...if this is true, then it will probably be a blow for online poker. The only people who are going to jump thru the hoops are pros and old time players. The brand new amateur looking for a quick game after seeing Rounders isn't going to jump thru hoops to get their account started...(and probably won't wait 2 weeks to do it via check or money order) ah well...maybe I'll just cash out less...leave me a bigger buffer in my account...play smaller tourneys (the $20 one instead of the $50 ones) what can ya do :( rb | ||
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| Re: Did we lose paypal?, ranwel, 3. Nov 2002 19:02 | ||
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| This does suk. Does any one have suggestions as to using Fire Pay or Net Teller? Some of the online casinos are offering up to a 20% chip bonus with a new buy thru these companies, but what good is that if they are troublesome to use? Any information will be greatly appreceiated? Thanks. | ||
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| Re: Did we lose paypal?, 2jelsky, 3. Nov 2002 19:53 | ||
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| never heard of either one of them | ||
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| Re: Did we lose paypal?, Andrew Wells, 3. Nov 2002 20:37 | ||
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| FirePay takes three to five days to transfer funds to/from a U.S. checking account. It takes a few more days to set up an account since they verify with two small deposits less than 50 cents. Most credit card issuers treat deposits to FirePay as a gambling transaction and block transfers. FirePay does work, and should be preferred. I could not get Net Teller to function properly to set up an account with them, so I can't comment on their capabilities. It costs $30 to Western Union $100 to Costa Rica. Therefore a 30% deposit rebate of some form by the Poker sites when using traditional wire transfer is needed to remain competitive. Something like Paradise's 100 raked hands per $5 rebate should be extended to Western Union transfers. High hand and/or bad beat jackpots are not sufficient incentive to attract new customers. Nothing I can foresee will replace the convienence of quick and easy credit card transactions directly with a site. It seems to be up to the on-line poker industry to make it worth the effort for a new player by offsetting the inconvienence with direct cash comps for hands played. The best way I see is for simple daily comps directly into a players account at 1% of the rake for total hands they are dealt in. If I play hold'em for 8 hours and during that time the drop is $500, I would get $5 added to my account the next day. With a full ring game, that would cost the house 10% of the drop equitably distributed. This would be comparable to brick and mortar card room's typical comp for low limit play. | ||
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| Re: Did we lose paypal?, Daniel Horowitz, 4. Nov 2002 12:01 | ||
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| While firepay takes 3-5 days to setup it transfers funds instantanesouly through electronic checks. With regard to cashing out they send the money back to you through ETF. I forget how long this takes. Overall I have been quite pleased using firepay and do not bother with paypal because it takes time to deposit money into paypal whereas firepay does not. | ||
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| Re: Did we lose paypal?, Michael S Mantel, 4. Nov 2002 11:22 | ||
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| PayPal is not taking gambling $$ because of it purchase by ebay. To let it pass Elliot Spitzer, aty general in ny forced paypal to take this position. I have never had any troublw with firepay. I have them linked to my bank. mm | ||
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| Re: Did we lose paypal?, DallasDon, 6. Nov 2002 02:44 | ||
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| I've been playing online for two years, and found the best way to fund accounts is to find a bank that will give you a checking account with no minumum balance and no service charge(US Bank, in my case). I request a VISA debit card with NO CREDIT LINE. the Debit card works instantly with some sites, as there is no credit attached to it. I did "jump through hoops" to register this account with Pay Pal, and completed the chore the day Ebay bought Paypal. Oh, well. I then registered with Neteller, and used it to get a deposit bonus for TruePoker. Hopefully online banking will become the preferred method of payment for EVERYTHING in the near future! | ||
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