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- eugol55   New Online Gambling Bill   Oct 2 2006, 09:46 AM
- - Phits   QUOTE(eugol55 @ Oct 2 2006, 09:46 AM) 870...   Oct 2 2006, 02:00 PM
> New Online Gambling Bill, What will be the practical impact?
eugol55
post Oct 2 2006, 09:46 AM
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Bush was expected to act quickly after Congress approved the Unlawful Internet Gambling Enforcement Act making it illegal for financial institutions and credit card companies to process payments to settle Internet bets. It also created stiff penalties for online wagers.

How will this impact those who use online gambling sites?


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Phits
post Oct 2 2006, 02:00 PM
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QUOTE(eugol55 @ Oct 2 2006, 09:46 AM) [snapback]87072[/snapback]

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How will this impact those who use online gambling sites?

There are ways around it for those that want to gamble. They have many card deposit systems that work like ATM cards. You deposit money onto these cards and use it like a CC, if you win the $$ gets deposited back onto your card, which you can use at any associated ATM's or Paypal, for example. Speaking of , I hadn't used my PayPal account in months and I tried using it not to long ago just to find that it had been suspended and was told that PayPal does not offer their services in Bermuda


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