Poker Players Online are using Bank Wires because of Recent Funds Seizure.

Recently the USA Government seized about $30 million in banks that belonged to poker players that were cashing out. Many lifetime poker players show concern about their bank accounts might be flagged or the checks might bounce.

The Poker Players Alliance is working on this matter to make sure all USA players have the right to cash out their winnings. Absolute Poker and Ultimate Bet have immediately refunded all players the amount of their withdrawal and also gave a bonus for the inconvenience. Both Absolute Poker and Ultimate Bet are part of the same poker network and the CEREUS network offers many types of deposits and withdraws options.

A staff member who works for PokerInTheNews.com did receive a check from Ultimate Bet in US dollars from a bank from outside the United States and was cashed and cleared.

Most players who cashed out after the middle of June are not having a problem with cashing their checks. FullTilt Poker and PokerStars are using bank wires with an additional bank wire fee but it gives a more secure payment structure because a bank wire transaction cannot bounce. PokerStars players had a very long wait for their checks and this is why Poker Stars has requested or suggest the bank wire option.

Reports have been coming in from U.S. online poker players who have received checks during the last two weeks. For many, it seems that checks received after June 7th are clearing without issue. Others have resorted to other means of withdrawing funds from Full Tilt Poker and PokerStars in the form of direct money wires. For many, these incur additional fees, but offer a quick means of secure payment. The bank wire method was suggested by the PokerStars Payment Services in a form e-mail sent to many players complaining of the longer turnaround time for checks. PokerStars has also lowered the cost of the bank wire and minimum amount required to make withdraw. Normally it is about $50 to cash out by bank wire and checks cost much less unless u want the checks sent Federal Express.

The Online Poker sites that cater to the United States which are listed on www.rakeyou.com want to make sure that players are not worried about receiving their winnings. They do not want players to have the fear hat winnings will be seized or payment methods are stopped because it can hurt the credibility of the Poker Site.The opinions keep coming in from many of the worlds top online poker players. Michael Pearson, better known as Vizer02, weighed in on the situation: The seizure of the funds by the Department of Justice is definitely a scary situation. Last year when the Government stopped some processors payments, I had to wait six weeks to receive my cash out, which was very frustrating. News like this can hurt the poker economy since.

Will the United States Government actually stop the players from depositing and withdrawing in accordance with the UIGEA? The Government should go after Sports Betting payment processors since the UIGEA is build around the 1961 wire act that was writing for sports betting via phone calls. Even then it will be very difficult to stop all money transactions off shore. The world is a small place and as the e-commerce keeps expanding, the transferring of funds between borders will only grow as well.