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15

Black Friday: DOJ Seeks Payment Processor

Tags: black friday, black friday, doj, full tilt poker, pokerstars, us department of justice, us government
Posted on Wednesday, August 15, 2012 by "T".
Last week, PokerStars's purhase of Full Tilt through the U.S. Department of Justice was completed, which meant that all non-us players will receive their money within 90 days. However, customers in the U.S. might have to wait a bit longer than that before they get their money refunded. According to an employment notice listed on the DOJ website, the government is seeking a third-party claims admi[...]   Read more » Black Friday: DOJ Seeks Payment Processor

  15-Aug-12, 10:31   #1
Black Friday: DOJ Seeks Payment Processor 0 
noonlion 

Joined: Mar '12
Location: United Kingdom
Age: 32 (M)
Posts: 1277
HA, how predictable.

Seriously anyone who thought they'd get their 0.50c back or 500k like they initially said was a fool.

Glad I don't have any funds tied up on that site.

     
  15-Aug-12, 13:33   #2
  0 
MIGO14 
Joined: Mar '11
Location: Germany
Age: 47 (M)
Posts: 1235
@noonlion: I dont think that this will have effect on the repayment itsself.
First: This is only relevant for US players
Second: This just means that it will take some more time to repay US players.

     
  15-Aug-12, 15:57   #3
  0 
marie1510 
Joined: Sep '09
Location: Croatia
Age: 31 (F)
Posts: 9
when will they software be avaliable to download? God, I think PS made a really bad job by owning FullTilt

     
  15-Aug-12, 17:26   #4
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
It should be available in three months so you have a bit longer to wait until you\ll be able to acces your account...

As for decision i think it was the best, now the have a monopol on the internet poker market.

     
  15-Aug-12, 20:22   #5
  0 
MarcWinz 

Joined: Oct '09
Location: United Kingdom
Age: 50 (M)
Posts: 644
I think this is good for US players as it shows they are attempting to pay them out. Watch out for the tax man though!!!!!

What are my chances of getting the job at the DOJ. Being English and not attached to the US or to FTP/ PS organisation?

Of course I would make sure any mobsters owed money would get paid out first!! With a bonus for them being pissed about!!

GL to you all - and like you I cannot wait to get my $54.00 or so back!!!!

Big Smile Big Smile Big Smile

     
  15-Aug-12, 20:36   #6
  0 
retribution 

Joined: Mar '11
Location: Canada
Age: 37 (M)
Posts: 1490
What I don't understand about this, is why the DOJ needs an online processor. As far as I know, PS has already given the DOJ the money for the players. That means PS can just 0 out US players accounts and their end of things is done.

As for the DOJ's job, just have a tax agency handle all the claims, since it's going to have to go through the IRS anyways.

Wouldn't it be supremely ironic if the DOJ did process payments through an online processor, such as Skrill or net-teller. The very companies that they accused of "laundering funds" would be the ones that clean up the mess the DOJ made.

     
  15-Aug-12, 20:48   #7
  0 
Greenmohave 

Joined: Jan '11
Location: United States
Age: 52 (M)
Posts: 3361
I don't evn care about the money as much as ?i do the rights to play. Maybe because it's not thousands of dollars I have sitting there. It's a goat FK anyway since "Black Friday" it's been more then just about poker. hell, U.S. citizens can't use Moneybookers, Click2Pay or Neteller for any overseas transactions and in some case not even allowed to open an account. The U.S.A. is more of a communist country then what most even recognize.

     
  15-Aug-12, 21:57   #8
  0 
teddybears73 
Joined: Nov '11
Location: United Kingdom
Age: 59 (M)
Posts: 3180
well i wasn't holding out any real hope of getting my $6 back. Smile
although it would be nice as a starter for when it opens up again.

     
  16-Aug-12, 08:19   #9
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8643
as they state: US players will have to wait a bit longer to receive their money back...so what is "a bit" means? it can be like a few years Tease really looking forward to the reopening of full tilt- sure they will have some sort of promotion in this case, something like an opening freeroll or anything similar

     
  16-Aug-12, 08:44   #10
  0 
Chartoule 
Joined: May '09
Location: Spain
Age: 41 (M)
Posts: 1261
Hi guys!!

the USA players with roll in FTP have the same problem like me and other spanish players. We have the tax problem. So... we must pay part of our rolls...

     
  16-Aug-12, 09:03   #11
  0 
jessthehuman 

Joined: Apr '09
Location: Australia
Age: 32 (M)
Posts: 6441
Posted by noonlion:
HA, how predictable.

Seriously anyone who thought they'd get their 0.50c back or 500k like they initially said was a fool.

Glad I don't have any funds tied up on that site.


I don't follow your logic at all. Lately that has all but been shown to be false. PS has made incredible announcements regarding full player balances, points balances, etc.

If anything, the exact opposite of what you're saying is likely to be true - good times.

The only exception is USA players - who have to go through a more convoluted procedure via the DoJ - but that's hardly FTP or PS fault - that's a DoJ decision and regardless - it's only ONE country that is being subjected to this, everyone else will soon have their full balances available.

     
  16-Aug-12, 09:29   #12
  0 
retribution 

Joined: Mar '11
Location: Canada
Age: 37 (M)
Posts: 1490
Posted by jessthehuman:
Posted by noonlion:
HA, how predictable.

Seriously anyone who thought they'd get their 0.50c back or 500k like they initially said was a fool.

Glad I don't have any funds tied up on that site.


I don't follow your logic at all. Lately that has all but been shown to be false. PS has made incredible announcements regarding full player balances, points balances, etc.

If anything, the exact opposite of what you're saying is likely to be true - good times.

The only exception is USA players - who have to go through a more convoluted procedure via the DoJ - but that's hardly FTP or PS fault - that's a DoJ decision and regardless - it's only ONE country that is being subjected to this, everyone else will soon have their full balances available.


Yup. Leave it to the government to make something as simple as transfering cash a difficult and time consuming process. My prediction on PS timeline for withdraws is this:

They plan on being online by November 5th. I'm assuming they will also start processing any and all withdraw requests at that time. I can imagine that there will be some delays as there will probably be enough players deadset against ever playing on FT again. Due to this, as well as players possibly wanting to transfer some funds to PS if the option is available, I'd say the average player should expect a week, maybe 2 for requests to go through.

As for the US players. I expect that they'll likely see their money by Mid/late December, if not sometime in January. Based on the fact that not only will they have to find a processor who can handle the sheer volume of US players, as well as the fact that all requests will have to go through verification via the IRS with accompanying tax forms, it's going to be a LONG and difficult process for anyone in the US.

     
  16-Aug-12, 10:58   #13
  0 
Fakiry 

Joined: Apr '09
Location: Portugal
Age: 37 (M)
Posts: 4764
Still isn’t explained how will players get their hands in the Money again. I know the other FTP guy already came with a loto f answers, but when will the Money be available? Will people have to go for their poker acounts everyday til they have a surprise over there and then withdraw it? What about those who had less than the minimum amount limit to withdraw? Will they be able to withdraw it, no matter the value, or, after waiting all this time, they will still have to make their Money pass through the tables to be able to try to put the hands on it? I still haven’t read answers for this? It may seem ridiculous to want to receive $0.50 in my bank acount, but think about all of those who have $10, $5, $15 over there, they are a lot! And they will have to bet til they reach $30 to get it! Or will it be possible to deposit $30 to withdraw $30+$10?

     
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