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Payments from Full Tilt are getting shakey

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  1. moverdude moverdude is offline

    Lancaster, CA
    United States

    Posts: 85
    Joined: Feb 06

    Aug 20th, 2008 (8/20/2008 6:09pm)

    I don't post here often (for good reason), but, I need to know if anyone has had a bad check (bounced) from Full Tilt. A friend of mine cashed out three weeks ago and still no check, and another friend of mine got a check that bounced. Could this be that FT is moving money to a safer place in fear of our gov? Now I know of FT to be in good financial standing in the online poker business, but could this be a sign that the industry is failing. I'm not sure what to make of all of this. I've also been reading other forums that suggest that even the online sportsbooks and other gaming sites are or will experience the same problems. Please only post if you have any first hand knowledge of what is going on, thank you.
  2. Jennifear Jennifear is offline

    Niagara Falls, NY
    United States

    Posts: 10,222
    Joined: Nov 05

    Aug 20th, 2008 (8/20/2008 6:23pm) in reply to moverdude

    Noone here has first-hand knowledge but...

    I'll summarize for you:

    - FTP (like every other site) is having trouble finding payment processors that will stick with them because of the UIGEA. Many processors don't want to deal with poker sites because it's illegal to accept funds from them. Therefore, the poker site has to disguise who they are to the processor, or deal with a processor that is openly willing to break the law. In either case, when a processor drops them, the checks stop coming and/or bounce.

    - Your money is safe. FTP wants to pay you, and will. It's possible that you will face long delay times or FTP's processor will bounce a check on you. FTP is good about compensating you if this happens.

    - It is safe to play at FTP.

    - If you cash a check from any poker site, DO NOT spend that money until the check clears. You are risking overdraft when the check bounces.
  3. D-Con D-Con is offline

    Deer Park, NY
    United States

    Posts: 127
    Joined: Aug 06

    Aug 20th, 2008 (8/20/2008 6:54pm) in reply to moverdude

    Why does FTP have payment processor problems yet stars seems to be fine?
  4. mesaplayeraz mesaplayeraz is offline

    Posts: 3,379
    Joined: Sep 06

    Aug 20th, 2008 (8/20/2008 6:59pm) in reply to D-Con

    That's what I am wondering. If stars checks are clearing no problem and getting sent out in a timely fashion, then why doesn't FTP just use the same payment processor Stars uses?
  5. LGROSS57 LGROSS57 is offline

    Newark, NJ
    United States

    Posts: 48
    Joined: Aug 08

    Aug 20th, 2008 (8/20/2008 7:31pm) in reply to Jennifear

    FTP is about 12-18 months from capitulating itself.
  6. LGROSS57 LGROSS57 is offline

    Newark, NJ
    United States

    Posts: 48
    Joined: Aug 08

    Aug 20th, 2008 (8/20/2008 7:32pm) in reply to mesaplayeraz

     
    Originally Posted by mesaplayeraz View Post


    That's what I am wondering. If stars checks are clearing no problem and getting sent out in a timely fashion, then why doesn't FTP just use the same payment processor Stars uses?

    No one seems willing to address this question?
  7. dant734 dant734 is offline

    Posts: 194
    Joined: Jul 07

    Aug 20th, 2008 (8/20/2008 8:12pm) in reply to LGROSS57

    obv stars has been smart and sneaky. Kinda like a great bluff. I imagine they will have problems eventually
     
  8. kordell9998 kordell9998 is offline

    Massapequa, NY
    United States

    Posts: 17
    Joined: Mar 07

    Aug 20th, 2008 (8/20/2008 9:52pm) in reply to moverdude

    I had a check bounce also and I sent emails on the 9th and haven't gotten a response as of today. I did however send an email asking about depositing just to see if they would respond and they obviously responded in 3 hours. Deposit issues recieve immediate response withdrawal issues take 10+ days.
  9. xxjondxx xxjondxx is offline

    Buffalo, NY
    United States

    Posts: 1,720
    Joined: Apr 07

    Aug 20th, 2008 (8/20/2008 9:54pm) in reply to moverdude

    Its a good thing I dont make any profit on ftp.
     11
  10. Shinerbock83 Shinerbock83 is offline

    San Antonio, TX
    United States

    Posts: 52
    Joined: Sep 07

    Aug 20th, 2008 (8/20/2008 10:20pm) in reply to xxjondxx

    This problem has been discussed and Im sure the money we are expecting is safe. Ive been waiting 28 1/4 of a damn days but im sure ill get my check or they will put it back into my account and I will have to request a check again. Blowwwws, but dont worry about the money it will come sometime.
     
  11. MeJahAndOmaha MeJahAndOmaha is online now doesn't talk to roommates

    Posts: 3,180
    Joined: Feb 08

    Aug 20th, 2008 (8/20/2008 10:33pm) in reply to moverdude

    I paid 5% to do a FTP->stars trade and got a check from stars within a week as usual. sucks to pay $50 on every $1k you withdraw, but better to have 95% of your withdrawal in a week than none of it in a month or worry bout it bouncing. gg ftp till they get this straightened out. (you can find people to trade who won't charge anything on FTP's player transactions forum, but I wanted a quick trade so offered 5%)

    I dream of a day.... stars customer service and payment processing with FTP MTT schedule and payout structure. get to it "cereus"
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