Another Payment Processor Shuts Out U.S. Online Casinos
Casino affiliate programs in the U.S. relying on eWalletExpress to provide payment processing services between players, casinos, and affiliates received a setback last week, when the company sent out a message to its clients stating that that service has now ended.
Per BingoWire, that message read: “We regret to inform you that we are no longer able to continue service at this time due to a federal warrant issued to seize our funds … ”
Unsurprisingly, this seems to be a result of legal action by the U.S. government — which, despite the growing political feeling in the U.S. that online gambling should be regulated, seems intent on actively prosecuting many online gambling-related cases.
“Being that eWalletXpress is a deposit method that caters primarily to American residents, it is unlikely that they will hamstring their own business,” notes Glen Farmer st SportsbookGurus.com.
But because the UIGEA targets not Internet gambling but the payments processed on online gambling sites, the targets of the government’s actions are usually financial transactions providers serving the online casino industry, like eWalletExpress and Neteller before that.