Tag: withdrawals

Full Tilt Poker Questions Answered

Last Updated on

Full Tilt PokerThis is a compilation of information from Full Tilt Poker on the recent withdrawal from the United States market.

As a US resident, can I play at Full Tilt Poker?

Full Tilt Poker is unable to accept ‘Real Money’ play from customers residing in the United States.

If I move outside the United States, can I play at Full Tilt Poker?

Yes. But your existing account and balance will not yet be available on logging in.

You will be required to provide sufficient proof of relocation, including your photo identification and proof of residency at your new address. You can then use non-US funds to play from outside the US. And, after return of your US funds, you will be able to use those funds as well from outside the US.

I am a US resident but am travelling overseas. Can I play at Full Tilt Poker while outside the US?

No. US residents are not permitted to play for real money at Full Tilt Poker.

Can I play at Full Tilt Poker through a VPN or similar workaround?

No. Players caught doing so are subject to having their account closed and funds forfeited.

Can I still play for play money?

Yes. You can still play at play money tables at Full Tilt Poker.com. However, you cannot enter any Freerolls.

Any new US players who wish to play for play money can open an account at Full Tilt Poker.net.

 

My Account Balance

When will I be able to withdraw my account balance?

Full Tilt Poker is diligently working on facilitating the withdrawal of funds for US Poker Players. This is our top priority and we’ll have a further update in the week commencing Monday, May 2nd.

Can I transfer my funds to another player outside of the US and have them withdraw it for me?

No, player transfers by US players are no longer permitted.

What will happen to my withdrawals that have already been requested?

We are diligently working to determine the status of any unprocessed withdrawals. Once confirmed we will return the funds to your Full Tilt account balance and contact you.

 

Tickets, Bonuses and Promotions

What will happen to my Ring Game Tickets, Tournament Tickets and T$?

All Ring Game Ticket balances will be converted to real money before your withdrawal. This includes any Ring Game Tickets that have expired since Friday, April 15th.

Any tickets purchased after Friday, April 15th, will be refunded in the currency they were purchased in.

All remaining unused tournament tickets and T$ will be converted to cash and added to your real-money balance.

What about my unclaimed bonuses?

Any purchased bonuses will have the unclaimed portion of the bonus refunded in the currency in which they were purchased.

How will my Black Card and Iron Man statuses be affected?

Your Black Card status (including your 500-day rolling average) and your Iron Man ‘continuing months’ will be maintained as of Friday, April 15th, should you be able to return to Full Tilt Poker in the future.

No player will be penalised for either of these promotions as a result of recent events.

What will happen to my Full Tilt Points, Iron Man Medals and Academy Points?

These are currently under review and details will be posted here when confirmed.

When will I receive my Take 2 promotion money?

You will be paid out on a pro-rated basis based on the number of days you played for the Take 2 promotion. The bonus money will be credited to your account shortly and will be available by the time you are able to withdraw.

 

Store Items

What happens to any items I ordered from your store?

If the item has already shipped, then you should expect it to arrive shortly.

If the item has not shipped, then it has been placed on hold. Should we be unable to fulfil your order the FTPs will be refunded to your account.

Please contact customerservice@fulltiltstore.com if you are unsure on the status of your order.

Can I use my Full Tilt Points to make a purchase in the store?

Not at present.

 

Visitors to the US

I am a non-US resident but am visiting the US. Can I play at Full Tilt Poker while there?

No. Real-money play in the US is not permitted.

Black Friday 2 Weeks Later

Last Updated on

It’s been 2 weeks since the online poker world was shocked by the indictments handed down by the US DoJ on four of the largest online poker sites in the world. Pokerstars and Full Tilt Poker immediately stopped allowing US players to play for real money on their websites. Absolute Poker and UB seem to have decided to ignore the DoJ and continue on almost as if nothing happened. Players on Absolute Poker and UB cannot, however, deposit or cashout at the moment.

Much has happened in the last two weeks. Pokerstars and Full Tilt Poker have regained the use of their .com domains to facilitate cash outs for US based players. Pokerstars surprised many this week as they began cash outs for US players. Some have already received their bank direct transfers. Given the circumstances this is quite fast. Pokerstars still does not know how it will pay out FPP’s. Tournament Dollars and tickets are being converted into cash at 100%.

Full Tilt Poker on the other hand is having major banking issues not only for it’s US based poker players but also for Non US players. Many European Full Tilt Poker players have been waiting well over a week for Moneybookers and Neteller withdrawals and some have even questioned if Full Tilt Poker is now bankrupt. Full Tilt Poker has issued a statement claiming that they are “Not Bankrupt”.

Meanwhile smaller poker sites have seen tremendous growth over the last couple of weeks. The Merge Poker Network with includes such poker sites as Lock Poker and Carbon Poker have led the way and even climbed into a top 10 position overall for global poker traffic. Bodog Poker is not far behind as they too have experienced growth. All in all, any poker site still accepting US players has had a spike in traffic.

Click Here for Poker Sites still Accepting US Players

 

Contradictions between the U.S. DoJ and Full Tilt Poker

Last Updated on

While Full Tilt Poker players from the US are starting to get antsy waiting to withdraw their funds from their poker accounts it doesn’t seem like it will happen any time soon. The press releases from the US DoJ and Full Tilt Poker are full of contradictions.

Mean while Full Tilt Poker players outside the US are reporting problems withdrawing funds using the popular MoneyBookers ewallet. One player from the Netherlands was offering to trade $50k on Full Tilt Poker for $40k on Moneybookers.

With the WSOP just a few weeks away, players are desperate to get their hands on their money so that they can make their summer plans for Las Vegas. Pokerstars, another online poker site that was indicted by the US, began processing withdrawals yesterday. You can find more information here.

Here are the latest statements by the DoJ and Full Tilt Poker

From the US DoJ:
No individual player accounts were ever frozen or restrained,” said Manhattan U.S. Attorney Preet Bharara in the press release. “Each implicated poker company has at all times been free to reimburse any player’s deposited funds. In fact, this Office expects the companies to return the money that U.S. players entrusted to them, and we will work with the poker companies to facilitate the return of funds to players.”

From Full Tilt Poker:
“Unfortunately, there remain significant practical and legal impediments to returning funds to players in the immediate future,” reads a press release from Full Tilt Poker. “As a result of the recent enforcement action, there exists no authorized U.S. payment channel through which to make refunds; Full Tilt Poker has no accounting of the millions of dollars of player funds that were seized by the government; and the government has not agreed to permit any of the seized player funds to be returned to the players.”

Pokerstars now Processing Withdrawals

Last Updated on

Pokerstars is now processing cashouts for all US players with a savings or checking account. Just log into your account and you will be greeted with a popup message with instructions.

They are giving 100% value for T$ automatically when you go to withdraw (for US players)

A Direct Bank Transfer is a cashout method that allows you to receive your winnings by having them credited directly to your bank account.

Please make sure you provide the information below on the previous screen:

Your Bank Account Number: This is the number of your bank account.
Your ABA routing number: The ABA routing number is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.
Your Checking Account (C) or Savings Account (S) This is your bank account type. Enter “C” (without the quotes) for checking accounts or “S” (without the quotes) for savings accounts.

No word yet on how players without bank accounts will be paid.
If you run into any problems you can send them an email @ cashier1@pokerstars.eu

Post Black Friday Online Poker Deposits – Is it Safe?

Last Updated on

It has now been over a week since the DoJ seized the bank accounts and domain names of Pokerstars, Full Tilt Poker and Cereus. Panic struck the online poker world, US players found themselves unable to play at their favorite rooms, unable to access their money and nobody knew what the future would bring. Since then the dust has settled a bit. Pokerstars and Full Tilt cooperated with the DoJ and got their domain names back. They also promised their US players they would get their money back. Cereus decided to put up a fight and still allows US players to play at their sites although they are unable to either deposit or withdraw.

Meanwhile former insignificant rooms and networks like Bodog, Merge and Cake Poker suddenly became major players in the US poker economy. In little over a week time Merge doubled its player base and both the Cake Network and Bodog gained 30%. Not really a surprise considering the huge amount of American players looking for new rooms where they can play their favorite game.

One question keeps rising and that is: is it safe to deposit? If the DoJ can take out the biggest sites on the internet, then for sure they can reach the smaller sites. Having money stuck on Pokerstars is bad enough, nobody is waiting for more money to be stuck on another room. Will the DoJ come after the other remaining US rooms?

Click Here for a List of US Accepted Online Poker Sites

The case built around the Big Three is based on the testimony  of one of their former processors. Australian citizen Daniel Tzvetkoff is a 27 year old entrepreneur who made millions processing deposits and withdrawals for the major US facing sites. This made him millions but it wasn’t enough for him, he started scamming his very own customers; the poker sites. The sites found out about this soon enough and sued Tzvetkoff and even ratted him out to the authorities when he was in Las Vegas for a conference in April 2010. Tzvetkoff was arrested and faced 75 years in jailtime. This convinced him to cooperate with the US government and his inside information on how Pokerstars, Full Tilt and Cereus handle their money proved invaluable to the DoJ and lead to the actions taken on April 16. Ironically, the people that ratted Tzvetkoff out are facing the same charges he did when he initially got arrested. Tzvetkoff is currently in witness protection and is said to reside in the New York area and is probably unable to ever return to his home country, Australia.

The lack of action taken against the remaining rooms that are open to US players tells us that Tzvetkoff didn’t have any dirt on them. If he did, the DoJ would have brought them down in the same run. Obviously it is impossible to know where the DoJ is up to but it appears that the smaller room have escaped their radar for now. They have nothing on them or they are going after the big fish first in case that can easily drag for years. With Lock Poker, Bodog  and Intertops offering Quicktender, and Usemywallet it is still very much possible for the US player to fund their online poker accounts. Sports Interaction Poker on the Cake Network still facilitates eCheck deposits. There are still plenty of options left to play the game played by millions other Americans within the borders of the United States.

But again, the golden rule in gambling counts: Only play with money that you can afford to lose. If in an unlikely event the DoJ freezes funds again, it might take a while before you get your money back.