A Betting Site Just Robbed Me, Someone Help Me Understand This...

Since you're American, you should be aware that it is illegal for any US financial institution to facilitate payments to offshore gambling sites for the purposes of sports betting. Assuming that the bank disputed the transaction because they discovered it to be illegal, which sounds like the case, you're playing an illicit game and even though it may or may not be illegal for you personally, it is an illegal activity that is being done with your money and consent. You probably have no legal claim to the original deposit or the balance (contact your bank, see what your options are). Your choice, your risk. You played with that money already. I've been burned too, lots of people have.

How does that make any sense? Online gambling is done by everyone, not just non-Americans. It's nonsense to assume that it's an illegal procedure to receive money from a site located outside of the States.

Besides...

A. Why would the bank have anything to do with it when it was being transferred to the account by a credit card?

And

B. Why would they only raise a fuss about it now? The money in question was deposited in May. It's f'n August. If they had an issue with it, why didn't they take the money from me before?
 
So, the site that I always bet on just took (stole!) the remaining of my balance and when I e-mailed them for an explanation why, they informed me that either me or my bank disputed the original transaction I made with them back in May, and as a result, "all remaining balance was collected as a partial pay of the amount not paid for services duly rendered."

What does this even mean?

I managed the Risk Management department for an online transaction processor for gaming companies for years.

Check with your bank. If this transaction was declined or cancelled for any reason, find out why and then make sure you inform the casino and make it square.

If it wasn't, ask the casino for proof of the failed transaction. Get a copy of your bank statement showing the transaction.
 
How does that make any sense? Online gambling is done by everyone, not just non-Americans. It's nonsense to assume that it's an illegal procedure to receive money from a site located outside of the States.

Besides...

A. Why would the bank have anything to do with it when it was being transferred to the account by a credit card?

And

B. Why would they only raise a fuss about it now? The money in question was deposited in May. It's f'n August. If they had an issue with it, why didn't they take the money from me before?

It's illegal for a bank to transfer funds from a US citizen to any company whose transactions are coded gaming, and all legitimate gaming companies code their transactions properly.

Unlawful Internet Gambling Enforcement Act of 2006
 
I guess it could depend on the state you live in, but I know that casino style betting is still illegal online in most states. The site uses a .eu domain probably to side skirt all laws. They probably have a server here but have the business "set up" overseas.

It doesn't really matter where the site is located.

What matters is how their transactions are coded and the nationality of the card holder.
 
How does that make any sense? Online gambling is done by everyone, not just non-Americans. It's nonsense to assume that it's an illegal procedure to receive money from a site located outside of the States.

Besides...

A. Why would the bank have anything to do with it when it was being transferred to the account by a credit card?

And

B. Why would they only raise a fuss about it now? The money in question was deposited in May. It's f'n August. If they had an issue with it, why didn't they take the money from me before?
I'm just saying you should know the law (and the risks, consequences). You don't have to convince me that it's a bad law lol.
 
You expect me to believe that no American participates in online betting? That's absurd.

There are many ways to get around the law.

What I'm saying is that it's illegal for a bank to transfer your funds online to a company whose transactions are coded for gaming.
 
I'm just saying you should know the law (and the risks, consequences). You don't have to convince me that it's a bad law lol.

That Act cost me the best job I will ever have had.

It passed on a Friday morning, by Monday afternoon me and seventy people reporting to me were let go.
 
So, the site that I always bet on just took (stole!) the remaining of my balance and when I e-mailed them for an explanation why, they informed me that either me or my bank disputed the original transaction I made with them back in May, and as a result, "all remaining balance was collected as a partial pay of the amount not paid for services duly rendered."

What does this even mean?

Betnow.eu. Here's the exact e-mail they sent me:

"The issue was that we were notified that you or your bank disputed a transaction for $140.00 processed back in May. As a result of this action, all remaining balance was collected as a partial pay of the amount not paid for services duly rendered. For more information, please get in touch with our Fraud Management Dept."
What does it mean? It means that you had less than $140 in your bank account.

<{Ray1}>
 
If I did, I would have never been able to put it on the account in the first place.
They garnished your bank account's remaining balance as "partial pay" towards that earlier $140 disputed fee. This means the remainder of your present bank account didn't cover that balance.
 
Any tips?

Not really. I've been out of the business since 2006 when they passed that damned act.

There are hundreds of online bettors on Sherdog, though, I'm sure any of them can give you tips.
 
They garnished your bank account's remaining balance as "partial pay" towards that earlier $140 disputed fee. This means the remainder of your present bank account didn't cover that balance.

lol I'm saying there's no reason I should have ever been able to place the $140 on there to begin with if it wasn't present on my credit card. And that was all the way back in May. The money was on there, I'm absolutely sure of it. And why this is only an issue three whole months later is beyond me.
 
lol I'm saying there's no reason I should have ever been able to place the $140 on there to begin with if it wasn't present on my credit card. And that was all the way back in May. The money was on there, I'm absolutely sure of it. And why this is only an issue three whole months later is beyond me.

Your credit card company may only have found the illegal transactions recently. The gaming company may have been added to a list.

Your best bet is to contact your credit card company and find out what's going on.
 
That's what I fear. But I had only $6.65 left, they surely would have stolen from someone with a much higher balance if they were just out to rob someone blind.
That's the genius of it. Steal a small amount from alot of people. So small no one would really give a shit. Give some bullshit reason.

Actually probably wouldn't be good cause it might hurt repeat business. Or, once business starts diminishing start a new betting site.
 
That Act cost me the best job I will ever have had.

It passed on a Friday morning, by Monday afternoon me and seventy people reporting to me were let go.
That sucks so much. It hit me kinda hard in 2006, but the worst came later when it was enforced more fully.
 
What does it mean? It means that you had less than $140 in your bank account.

<{Ray1}>

That's not true.

The transaction passed Auth. It was then clawed back.

He had less than a $140.00 balance in his gaming account; his bank account balance wasn't a factor.
 
That's the genius of it. Steal a small amount from alot of people. So small no one would really give a shit. Give some bullshit reason.

Actually probably wouldn't be good cause it might hurt repeat business. Or, once business starts diminishing start a new betting site.

That's suicide for an online gaming company. It's an incredibly competitive business and if you get a reputation for this kind of thing, you're done.

Also, it's hard to describe just how much money these companies are making.

Starting a new betting site costs MILLIONS.
 
It sounds like the believe you lost a bet for $140, your bank disupted the charge and didn't pay (covering your ass since its an overseas gambling website), so the site drained your $6 to cover the $140 they believe you lost on a bet. Seems simple?
 
It sounds like the believe you lost a bet for $140, your bank disupted the charge and didn't pay (covering your ass since its an overseas gambling website), so the site drained your $6 to cover the $140 they believe you lost on a bet. Seems simple?

Doesn't make sense that they would think that, though. I've bet the money on several different bets and also deposited new money in overtime. Everything's covered.
 
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