Online Poker
Wednesday, February 7th, 2007

Another Pay Option Emerges For Online Poker Players

BY TOM SOMACH

Online poker rooms now have another weapon in their battle with the U.S. government over allowing U.S. citizens to play online poker.

Online poker room Full Tilt Poker (www.fulltiltpoker.com) just announced that it has added a new e-payment option, something called MyWebATM.

MyWebATM (www.mywebatm.com) is an Internet money-transferring service similar to NETeller.

Full Tilt Poker customers in the USA until last month had been using NETeller (www.neteller.com) to electronically send monies to and from the poker site, but after U.S. Feds busted NETeller’s founders last month on gambling charges, NETeller stopped allowing online poker players and other online gamblers in the USA from using its service for online gambling transactions.

When one door closes, another opens: Enter MyWebATM to replace NETeller.

MyWebATM allows U.S. residents to use its service to make electronic money transfers to and from online gambling sites.

NETeller operates from the tiny Isle of Man, a small European island nation that is part of the United Kingdom, along with England, Scotland, Wales, Northern Ireland and other entities.

MyWebATM is based in Panama, in Central America.

According to the Full Tilt Poker website: “The MyWebATM card is the fastest and easiest way to transfer funds from your bank account to your Full Tilt Poker player account. Signing up for the MyWebATM card takes just a few minutes, and you can begin using your account immediately.

“After creating a MyWebATM account…you can transfer funds to your MyWebATM account directly from your personal bank account. As soon as the funds reach your MyWebATM account, they will be instantly accessible for use on Full Tilt Poker, or as cash through thousands of ATMs worldwide. After creating your account, you will receive a physical MyWebATM card in the mail, although this card is not necessary for use when making online transfers.

“MyWebATM is accepted at more than 843,000 PLUS ATMs, more than 244,000 STAR ATMs and more than 3.1 million Interlink retail locations worldwide. For your security, funds can only be accessed using your Personal Identification Number (PIN)…

“MyWebATM functions like a full online bank account, which means that you can easily withdraw funds from your Full Tilt Poker player account to your MyWebATM account. These funds can then be transferred back to your personal bank account or used at thousands of stores and ATMs around the world with your physical MyWebATM card.”

One downside to using MyWebATM is its many fees, which some may consider excessive–both in number and cost.

These fees include a monthly service fee of $3.95, a bank account to card transfer fee of $1.32, a card to bank account transfer fee of $4.00, an ATM transaction fee of $2.50, a declined ATM transaction fee of $2.50, an account balance inquiry fee of $1.00, a replacement card fee of $9.95 and a whopping $25.00 fee to close your account!

And those are just SOME of the fees–there are even more!

MyWebATM, for its part,  tries to downplay the fee issue, but its explanation comes across as lame at best and insincere at worst.

According to the MyWebATM website: “There are many costs associated with running a private card network, including association fees, issuing fees, compliance fees and customer service fees. The fees that we charge your MyWebATM account directly reflect the third-party charges and operating costs incurred by MyWebATM’s daily operations. These fees are necessary in order for us to provide you with a safe, secure and convenient financial service.”

For those Full Tilt customers from the U.S. who may be less than enamored with MyWebATM and its love affair with service fees, the poker room also lets them use another so-called e-wallet, ePassporte (www.epassporte.com).

Leave a Reply

You must be logged in to post a comment.


Latest News

Sponsor Links
 Titan Poker

 Party Poker

 Everest Poker

 Full Tilt Poker

 Poker Stars

 BoDog Poker
Search News
Archives

TOP
 
Designed by 
Vbulletinskinz.com
Online Poker Card Games Forums 2006 - 2007

SEO by vBSEO 3.0.0 RC8 ©2007, Crawlability, Inc.