RUMORS CONFIRMED
As most online casino and poker players know, eWalletXpress was a deposit option that was previously featured at virtually every online casino and that's because it was known to be incredibly reliable, and it was also an option that allowed US players to get around the UIGEA gambling laws because where the money is going could not be tracked by the conventional methods.
Recently, as most of you also know, eWalletXpress removed US players from having the ability to use the service, and then they pulled the ability to make a deposit. Initially, they claimed technical difficulties but many were suspicious that there may have been something else going on. Well, those that were suspicious had good reasons to be as this deposit method popular with online casinos has now come out and finally admitted that there is something going on.
eWalletXpress sent out a message saying: "We regret to inform you that we are no longer able to continue service at this time due to a federal warrant issued to seize our funds". Not only can people not use the service that they've relied upon, but those with money still in their accounts may not have access to it. The future does not look good either, as the company has shut down many of their domains that were not set to expire for a few more years.
While those with money in their accounts have been worrying, when this happened with Neteller back a few years ago, most players did get their money back in due time, although it was not immediate. Some players may be tempted to try and withdraw now, but it is likely too late to do so.
So, at this point the rumors have been confirmed, but there is no indication why this is taking place just yet. eWalletXpress does have a long history, and they've always been reputable. They are part of Navaho Networks, a group that offers payment options to online casinos since 1999. Unfortunately, this group's other projects also seem to be shut down, and that's unfortunate. There is no timeline for players to expect this to be back up and running, so they need to consider other options.
There are a number of deposit methods that will still take US players that people can turn to in order to make their deposits. This is a solution in the meantime, but players can also learn from the situation. Since most of these deposit options do allow funds to be transferred almost instantly in and out of the account to a bank account, ensuring money is not left there long-term can be beneficial. This way, players are never stuck without access to their funds.
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Wednesday, November 17, 2010
ewalletXpress has long been one of the most trusted 'eWallet Providers for US Gamblers' to use to send and receive funds from online casino operators. As early as a few weeks ago, rumors starting circulating around the net that USA Customers were no longer being accepted to sign-up for an account and that eWalletXpress did not support customers from the USA any longer. Even though their Terms & Conditions Page still states in Item#8 "8 Use. To be eligible for an Account, you must be a resident of Canada, United States or United Kingdom."A week or so after that (last week) when players from the US accessed their eWalletXpress accounts they were surprised to find that no banking options for deposits were available. eWalletXpress had in the meantime posted a notice on their site that basically stated; they were having "technical difficulties" and would be back online soon.
As we go to press here, there are even more rampant rumors going viral across the net that eWalletXpress have now had their funds and assets frozen due to a 'Federal Warrant' being issued against them. According to several reliable 'inside sources' eWalletXpress sent out an email to it's merchants yesterday that said, "We regret to inform you that we are no longer able to continue service at this time due to a federal warrant issued to seize our funds". That does not sound good for all the customers of ewalletxpress that still had funds in their accounts there. It actually reminds us of the Neteller fiasco that happened a few years back when the DOJ seized Netellers accounts and funds and held them hostage for so long a time. Read on.....
The Neteller players were able to finally get most of their funds returned to them but it was most certainly a long and drawn out process. The similarities here between these two processors are all too familiar. As of this publishing and according to many posters at the various online gaming forums, there is no need for customers of ewalletXpress to rush off to their site at the moment and try to withdraw their funds as they are already frozen now. We would advise all of our readers to check this for yourself though. Hopefully all of this mess will get sorted soon and players will be able to get their money out.
eWalletXpress has always been a subsidiary company of Navaho Networks. Navaho Networks principally offered its payment processing services in the online gaming market, delivering services to consumers in Canada and the United States, or it had been, even Canadian customers have been cut off for about a year now. Navaho Networks was founded in 1999 and was formerly known as SNG.com, Inc. and later changed its name to Navaho Networks, Inc. in 2000. The company is headquartered at 170 University Ave, Suite 602, Toronto, Ontario M5H3B3 Canada.
They were also originally headquartered in the US on what was and is still believed to be Tribal Lands. They had originally started out as a processor for internet porn sites but later began accepting and processing online gambling transactions thru 900Pay Phone Billing and eWalletXpress. 900Pay is/was the company offering this unique depositing method while Navaho Networks was the parent software and technology company operating in the background. navahonetworks.com link is broken now as well as the forwarding link to mpayexpress.com and Navpay.com even though the registered domains were not set to expire until May 24th, 2012, Dec. 3rd, 2011 and Jan. 16th, 2014 respectively. It appears that all the domain servers are now shut down. Mpay Express, was another subsidiary company that was a way to top up your pre-paid mobile phone or buy pre-paid phone cards.
*KEY EXECUTIVES FOR Navaho Networks Inc. include:
Vincent C. McLeod; Co-Founder, Chief Operating Officer, Executive Vice President and Director, Age 71
Emanuel Bettencourt; Age 38 *NOTE: Previously served as Chief Financial Officer at Navaho Networks Inc.
*Navaho Networks Inc. BOARD OF DIRECTORS include:
Vincent C. McLeod Age 71, Primary Company: Navaho Networks Inc.
Robert A. Donaldson Q.C. Age 72, Primary Company: Azure Dynamics Corp.
R. Geoffrey Geoffrey Browne Age ?, Primary Company: Liberty Silver Corp.
Nayeem S. Alli Age 50, *NOTE: Previously served on the Board of Directors at Navaho Networks Inc.
William Lavin Age 59, Primary Company: Navaho Networks Inc.
Current estimates show that this company has an annual revenue of approx. $5,868,800 and employs a staff of approximately 45.
SIC Code: 6099, Functions Related to Deposit Banking, NEC
NAICS Code: 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities
Online Casinos and Poker Sites are now informing their players that eWalletXpress has been currently disabled until further notice and for that reason they suggest that their players request their current payouts through one of the several other available payout methods.
Online customer support at eWalletXpress are now giving out this message to customers:
"The entire eWalletXpress service is down at this time due to a system upgrade. This affects all aspects of the website, including depositing and transferring funds. We do not know when it will be operational. We have not been updated and we currently have no additional information. We realize this is an inconvenience, however, no one has updated Customer Service and unfortunately we cannot assist at this time. We appreciate your patience, and advise to check for an update tomorrow."
So for the moment we will keep listening and watching for any new news updates to add about the ewalletXpress rumors.
The Gambling Guru
