InstantPoker.org recently issued a poker press release regarding the new deposit method on Full Tilt Poker known as “Quick Deposit”. In the press release InstantPoker.org explains how Full Tilt Poker has changed the name of Instant eChecks to Quick Deposit, and goes onto say that the two methods are absolutely identical.

This issue is of extreme importance to US poker players who must now deal with a fully enforced UIGEA poker climate. However, the UIGEA legislation has done little to alter the online poker landscape, and as most gambling law experts and the Poker Players Alliance have noted; the law is basically unenforceable.

UIGEA legislation makes it illegal for banks to process payments to and from online gambling sites –contrary to popular belief the law does not make it illegal for individuals to play online poker, it only applies to banks—and this is where third-party payment processors come in.

Payment processors are basically separate institutions where funds from your bank account make a stop before going to their final destination. By doing this you are not using your bank account or credit card to fund your online poker account. Instead what you are doing is making a payment from your bank account to the payment processor –which is completely legal—and it’s the payment processor that is making the deposit to the online poker site –which is also completely legal since the payment processors operate in parts of the world where online poker is legalized and regulated.

For more information on Full Tilt Poker’s ‘Quick Deposit’ option I highly recommend reading the InstantPoker.org press release regarding Full Tilt Poker deposit options. You will also find information on other deposit options for a number of online poker sites at the Instant Poker website.

Related posts:

1. Laurent Tapie verifies Full Tilt deal with DOJ One of the main principles involved in the ongoing negotiations for Groupe Bernard Tapie in their take-over bid of the struggling online poker site Full...
2. Dwan insists eChecks fiasco cause for Full Tilt downfall One of the many charges added on Tuesday by the US Attorney’s office –sought after amendment in their civil case against Full Tilt Poker, Absolute...
3. Full Tilt breaks silence on payment issues As was promised by Full Tilt Poker attorney Jeff Ifrah during his weekend correspondence on 2+2, the first detailed statement was issued by the beleaguered...

Tags: Full tilt Poker, Full Tilt Poker’s Quick Deposit, Instant eChecks, InstantPoker.org, Poker deposit options

This entry was posted on Thursday, July 15th, 2010 at 11:05 am and is filed under Poker Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.