October 12, 2006

Deffinitely Time to Cash Out

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Since this whole Unlawful Internet Gambling Enforcement Act (or UGEA), many folks have been waiting to see what exactly the fallout would be. Some wondered if the methods they already used, like using a third party intermediary to handle the financial transactions, would still hold up.

Well, we have received a notice from one of our Firepay Accounts, that Firepay would be complying with this new law. Firepay is one of the more popular third party payment options, and this deffinitely tells us that anyone out there with money in any online casino accounts, should evacuate while the evacuating is good.

On September 30, 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act of 2006.

Once President Bush approves the Act. FirePay (www. firepay.com) will no longer allow US consumer payments for online gambling merchants.

* Beginning the day President Bush signs the Act, FirePay will decline any purchase transactions from US FirePay account holders at any gambling merchant site.
* Ten days after President Bush signs the Act, FirePay will decline any transfer attempt made by any online gambling merchant to a US FirePay account.

All US FirePay accounts holders will continue to be able to make purchases and receive payments from non-gambling, online merchants, as well as "Deposit From" and "Withdraw To" their US bank account.

Click here for the latest news and opportunities for FirePay account holders..

** Please note:

1. This new policy will not affect FirePay account holders from outside of the United States
2. For any questions regarding these deadlines or policy, please email info@firepay.com


Sincerely,
FirePay
info@firepay.com

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Posted by Russell Miner at October 12, 2006 2:02 PM
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