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Payment Firm EcoCard To Exit Online Casino Market
 July 26, 2007, 12:25 am (4 years ago)The company responsible for EcoCard Ltd seems to have declared its decision of retracting its services from the market of online casinos because of a guilty plea submitted by the co-founders of the Canadian NETeller corporation last week.
A public declaration is yet to be made by the British company, even though various operators found out that online payments from gambling sites won't be tolerated any more.
David Brickman, spokesman of online casino website The Jackpot Factory admitted they have been informed by EcoCard, and as well as other casinos know that the EcoCard payment won't be available any more, but shortly replaced with an updated method.
The customers already using EcoCard payments will be transfered, and only the gamblers with more than $ 500 will be invited to upgrade their credit option.
Although the founders admitted charges regarding both guilt and conspiracy, transaction company NETeller is legally tried because of its decision to maintain the service offers between US gaming webpages and US citizens after the act in October (Unlawful Internet Gambling Enforcement Act) stated the procedure was illegal.
EcoCard hadn't had too much success as a payment method for online gamblers, being accepted only on very few webpages as a result of it's exorbitant fees. The company's statement seeks to avoid a faith like NETeller's and allow refunds to citizens.
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