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Online Casino Conditions >>> Betting News >>> May '07 News


Click2Pay Struggles With Online Withdrawals; Citadel Negotiates

by Adela Goodwin, News Staff
Writer      Bookmark with del.icio.us
May 21, 2007
 

While the U.S. DOJ busies itself seizing online gambling funds from Citadel, Click2Pay has openly announced the difficulty they are being confronted with in processing withdrawals from U.S. account holders. Some U.S. players have reported receiving messages that wired transfers cannot be sent until further notice.

The message goes on to say that account holders still have access to all of their funds, and can even transfer them to another merchant website, such as an online casino or poker room. All the while, Click2Pay continues to accept deposits from many U.S. citizens.

The U.S. Department of Justice is apparently not quite finished with its crackdown against third party payment processors for online casinos and the internet gaming industry as a whole. As the case involving Neteller (undoubtedly the largest processor of online gambling funds for U.S. players prior to the UIGEA) was wrapping up last month, the U.S. D.O.J. seized $9.25 million of reserves from Citadel Commerce merchants.

Citadel, which is well known amongst the internet gambling community, had ceased allowing U.S. citizens to deposit and withdraw funds with online casinos and gaming sites immediately following the passing of the UIGEA. However, during the time in which online gambling was in more of a middle-grey area in the U.S., Citadel was one of the top companies doing business with U.S. players.

Now, it appears that Citadel is getting some backlash for this past involvement. A company spokesperson has revealed that over $940,000 of the seized funds belongs to the company itself and that negotiations with the DOJ are continuing to take place.

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