Posts Tagged ‘usemywallet’

Commonly Asked Questions About Defunct Deposit Methods

Thursday, October 20th, 2011

Due to the nature of the laws related to the online gambling industry, it is not entirely uncommon to see a deposit method seized by the government due to accusations of money laundering. This has brought some of our readers to question what will happen when their deposit method is seized, as there is now some fear and uncertainty over whether or not it is safe to gamble online with certain deposit methods – specifically e-wallets.

It has happened to some minor deposit methods, such as Gold-Pay, but the government has also taken down some of the largest deposit methods on the market – eWalletXpress, UseMyWallet, FirePay and others. When this happens, most players simply do not know what to do. We have fielded a few questions, and we now have answers for them.

1) If my e-wallet is seized, what happens to my money?

Generally speaking, all accounts will be frozen when money is seized by the government.

2) Will I be able to get my money back from the e-wallet if authorities have frozen the account?

Yes. The government will work with the e-wallet in order to slowly release the funds that have been seized.

3) How long can I expect to wait in order to get my money back out of my account?

This process can be a long one. You may have to wait days, weeks, or even months to get your money back depending on how quickly the accounts are released from the grips of the authorities.

4) How will I have to get my money out of my account after it has been seized?

You will have to wait for them to cut you a check, though they may also wire it directly back into your account.

5) Is there a way to hasten how quickly I can get my money out of my e-wallet?

Generally speaking, no. It is up to authorities to determine when the money will be released.

6) How can I prevent having my money frozen in my account?

If you do not keep any money in your account, it cannot be frozen.

In the end, it is unlikely that you will have to worry about this, as online gambling deposit methods are always working to remain safe from government seizure. You should be well on your way to cashing in your winnings without having to worry about the hassle of your account being locked, frozen, or otherwise stripped from you by the government. This is not a difficult deposit method to use, so you should not have much trouble getting started regardless of how you choose to deposit.

Differences Between Quicktender and UseMyWallet

Monday, November 1st, 2010

UseMyWallet is a very enigmatic deposit method, and it garners a long list of questions every month. We have tried to answer as many of these questions on our page about UseMyWallet casinos, but the questions continue to roll in.

One question we hear a lot is over the differences and similarities between UseMyWallet and Quicktender. These two services are just equally mysterious, and this is for good reason.

UseMyWallet and Quicktender are one in the same. These two payment solutions are differently named but equally useful.

Despite being the same service, there is one difference between UseMyWallet and Quicktender. UseMyWallet is the North American version, while Quicktender Casinos can be used by those outside of the United States.

Both services still require invitations in order to be joined. While this is somewhat inconvenient to the casual player, they can easily be joined by joining the right casino. WinPalace, for instance, will be glad to swing you an invite.

All other questions about these two deposit options can be found on their respective pages, so feel free to look into them if you need to know more.

Credit Cards No Longer Reliable For USA Casino Deposits; eWallets More Popular

Thursday, February 25th, 2010

Not many people are fans of credit card companies, and we are no exception to this supposition. The two largest credit card companies have recently come down pretty hard on the American online gambler. VISA and MasterCard have both been ramping up their measures against online gambling payments. These two credit giants have been a thorn in the side of many players, as depositing with their cards is notoriously difficult through some online casinos, especially the larger online casinos.

Perhaps in response to the Unlawful Internet Gambling Enforcement Act, VISA and MasterCard have been pushing toward compliance. For those who do not know, the UIGEA has made it so payment processors must stop processing payments related to online gambling. Many companies have already seen indictments and massive fines in order to stop this sort of thing from going on. Additionally, some credit card companies view gambling deposits as “high risk activity.” Perhaps out of fear of pathological gambling (an illogical fear, as barely 1% of the population suffers from pathological gambling) or maybe due to the possibility of huge losses, credit card companies are ever fearful of these deposits. (more…)