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Another Online Payment Processor Shuts Down

2 June 2011 by admin

In another blow to the online casino industry and to online gamblers, another online payment processing company has ceased operations. QuickTender placed a notice on its website and emailed its customers to let them not of halt, which was immediate. The halt came days after Blue Monday and just over a month since Black Friday.

The date on the customer emails is May 25th, putting the cessation only two days after ten online gambling portals and eleven bank accounts were seized by the Department of Justice through the District Court of Maryland. US Attorney General Eric H. Holder Jr. is the man who filed the charges saying that he wanted to put some teeth into the Unlawful Internet Gambling Enforcement Act (UIGEA). After the UIGEA has been in effect a year, the US is finally acting on it in a time that coincidently is parallel to an upswing in the movement to pass legislation to establish US regulated online gambling. It is almost like Holder wanted to jump on the online gambling prosecution band wagon.

But back to QuickTender. The cessation of service is the result of a court order although they did not reveal who had issued the court order and frozen their accounts. The email to customers read:

“Further developments specifically relating to our main bank processing company have resulted in our accounts being frozen subject to a seizure order giving us no ability to make payments in any currency. In light of these developments we have had no option but to discontinue the QuickTender service with immediate effect and for the foreseeable future. At this time we are unable to confirm when or if we could make payments to remaining balances.”

In other words, the frozen bank accounts are likely the result of helping US players make transactions to and from whatever online casino they play at. The down side to this, and I wish prosecutors would realize this, is that online payment processors do not only service online gamblers; they also service those who use the funds to shop with. The shut down has no impacted an innocent group of individuals who are paying the price of an overly zealous prosecutor behind the seizure order, be it a US prosecutor or not.

And at this point in time, customers of QuickTender, be they patrons of online casinos or not, will not be about to access their money.

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