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Tuesday, January 23rd, 2007

Canadian Company eWalletXpress Bracing For New Business

Written by Tom Somach in Poker News

An Internet money-processing service called eWalletXpress www.ewalletxpress.com is bracing for a big jump in business after competitors NETeller and others announced they will no longer process online gambling transactions for Americans.

A Canadian company based in Toronto, eWalletXpress is one of the few online money processors left that continues to allow Americans to make online gambling transactions.

After its founders were arrested earlier this month for facilitating online gambling and other charges, NETeller announced it would no longer allow U.S. customers to make online financial transactions to and from online gambling sites.

Competitors My Citadel www.mycitadel.com and Solid Pay www.solidpay.com immediately thereafter made similar announcements.

Previously, competitors FirePay www.firepay.com, PayPal www.paypal.com, FirstPay www.first-pay.com, Instadebit www.instadebit.com and Money Bookers www.moneybookers.com had done so.

The announcements left online poker players, as well as other online gamblers such as casino gamers and sports bettors, scrambling to find alternate methods to send monies to gambling websites so they could bet.

“Our phones have been ringing off the hook,” a representative for eWalletXpress told www.PokerHelper.com today in a telephone interview from Toronto.

“We easily have ten times the number of phone calls as usual.”

(When www.PokerHelper.com called the eWalletXpress toll-free telephone number this afternoon, a recording announced, “You are eighth in line” to speak to an eWalletXpress representative. After about 20 minutes of holding, a rep came on the line.)

“Most of the callers are saying they had been using NETeller, but can’t any more,” the eWalletXpress representative continued.

“Now they want to sign up with us. We allow customers in the United States to send funds to and receive funds from online gambling sites, and we have no plans to discontinue that service.”

The callers don’t usually mention that they want to use eWalletXpress for funding online gambling, but it’s pretty obvious what they plan to use the service for, the rep said.

“Most of NETeller’s customers use NETeller for gambling,” he said.

Other Internet money-processing services that continue to allow Americans to make transactions to and from gambling websites are ePassporte www.epassporte.com and Click2Pay www.click2pay.com.

Click2Pay recently announced, however, that it will not be accepting any new U.S.-based customers.

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