Category: casino finance

Gold Pay pull out of the gambling market

US friendly casino banking processor has pulled the plug on online gaming transactions. In an email sent to subscribers, GoldPay announced the move and assured customers that they could still log into their Gold-Pay accounts but would not be able to make any transactions

The email in full
“Recently, as a result of pending legal matters, Gold-Pay was forced to
suspend all gaming related transactions. We do not have a timleine for
when those issues will be resolved or what the outcome will be. We do
apologize for this disruption in our operations and we know this is
both unexpected and unfortunate for everyone involved. You may
continue to access your account but no account activity will be
possible until the legal issues have been resolved. Please contact us
via secure mail if you have any questions”

This comes as a further blow to US gamblers after the popular casino and poker deposit method EwalletXpress withdrew from the gambling market in November. There are very few online deposit methods left for US gamblers although it is believed that visa gift cards and prepaid debit cards are still working.

Ewallet Xpress is one of the favourite casino deposit methods of US players, but some gamblers are unsure how exactly it works. 

Ewallet Xpress is a simple ewallet based system which can be used to make deposits and transfers at online casinos, poker rooms and bingo halls.

Using ewallet xpress at online gambling sites is easy and instant, and there are no fees for making ewallet xpress deposits. In addition, many casinos reward you for using ewallet xpress and other ewallets as they dont have the processing fees which credit card deposits entail. This savng is often passed on to the player in the form of an additional bonus.

How to fund Ewallet Xpress
Your ewallet xpress account can be funded via credit or debit card, echeck, 900 Pay (US and Canada) or Interac and Bill Payment (Canada only). You can fund your account with up to $500 per day.

How do I use Ewallet Xpress at Online Casinos?
Visit the casino cashier and choose ewallet xpress, select the amount you wish to deposit and confirm the deposit amount. You will be redirected to Navaho Networks service page – who own Ewallet Xpress. Log in with your username and password and you will see the transaction waiting to be confirmed. Simply click confirm and your deposit will be completed

You can find a complete list of casino accepting Ewallet Xpress here

Epassporte, one of the most popular online casino deposit methods for US players, has had their Visa processing facilities suspended by Visa themselves. It is believed this is because Epassporte holds funds in offshore accounts whilst new anti money laundering requirements in the USA require that companies operating ewallet services, prepaid cards or  processing transactions should use mainland US banks.  At present the Ewallet service of Epassporte is still working, although customers are unable to be transferred between your Visa card and Epassporte account.  Epassporte assure customers that their funds remain safe.

The following notice went out to Epassporte Customers

Dear ePassporte Account Holders,

Please be advised that, at 12:00 PM PDT today, September 2, 2010, we were notified that effective immediately, Visa International has suspended our banking partner’s (St. Kitts Nevis Anguilla National Bank) ePassporte Visa program. The ePassporte e-Wallet program continues to be up and running, except funds cannot be transferred between your Visa Account and your e-Wallet. At this time ePassporte can no longer issue Visa Cards, and the ability for our Account Holders to make point of sale purchases and withdraw funds from ATMs has also been suspended.

At this time we do not know why this drastic action was taken by Visa. To us, it is unconscionable that such action would be taken without the opportunity for ePassporte to fully understand Visa’s reasons and to be able to take all steps necessary to keep our program running the way it has so successfully done for over 7 years. But that is what Visa has done.

As soon as we have more information we will be in contact with you.

In the meantime please be assured that your funds are safe.

We are very sorry for the short notice and apologize for any inconvenience this may cause. The ePassporte team is working diligently to rectify this situation.

We kindly ask you to bear with us while we work through this issue.

Please feel free to contact us via the message center or at our call center, should you have any questions, comments or concerns.

Thank You,

Hopefully the Epassporte situation will be sorted out soon.  In the meantime we recommend EwalletXpress as an alternative deposit method.

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