Quicktender/Usemywallet Services Shut Down

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2011. May 26. |
QuickTender/UseMyWallet, a rather popular virtual e-wallet provider amongst poker players has discontinued their services. This might very well be a further action of the Department of Justice, striking down on money laundery and enforcing the UIGEA.
quicktender

Quicktender.com, the website of the company greets all visitors with the following message:

"With regret, the Quicktender service has been discontinued. All account holders will be notified by email"


Such emails were posted on forums by the registered clients of Quicktender:

"Since our last email communication where we advised any funds in your QuickTender account could still be used to purchase at QuickTender accepting sites we had been working hard to reinstate our withdrawal facility and ensuring your funds where safe and secure.

However, further developments specifically relating to our main bank processing company have resulted in our accounts being frozen subject to a seizure order giving us no ability to make payments in any currency.

In light of these developments we have had no option but to discontinue the Quicktender service with immediate effect and for the foreseeable future.

At this time we are unable to confirm when or if we could make payments of remaining balances.

We will keep you advised of future relevant developments."


usemywallet

Last week, the company issued a press release, in which they said:

"..it emerges that the money has been accumulated in our bank's correspondent banking partners accounts in the US, and has been frozen. We suspect it is possible that these funds may be subject to a seizure order by the US authorities."

Therefore, it seems that this is a follow-up action of the United States Department of Justice, and might be a sign for other e-wallet clients to be a bit more cautious with their money and deposits.

The poker community speculates that all this is the U.S. Government pronouncing their intention of eliminating all competition for a proposed national poker site, backed by brick & mortar casinos, created for U.S. citizens. Of course, these are all speculations and can seem rather far-fetched, but unfortunately there might be some ground to them.

As a consequence, UseMyWallet/QuickTender were dropped by many poker rooms, and will not accept any more withdrawals using those services. However, there are still some rooms like Bodog, Cake Poker and Intertops Poker that list UseMyWallet as a possible deposit option. Users of the service might still try to transfer their balances to such sites, because it is highly unlikely they will ever get their money at UseMyWallet/QuickTender back.


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