🤑 Making Chargebacks for Payments to Online Casinos

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It's simple- the bank isn't aware that the money is being laundered to an offshore online casino via a fake business entity. The casino can't legally sue you or financially threaten you. In my opinion, it is very difficult for a consumer to lose a chargeback dispute with an online casino, and the bank is likely to refund the money in nearly every case. Sponsored Links. Our forum includes lawyers, employment, insurance, tax and real estate professionals, law enforcement officers, and many other people with specialized knowledge, in addition to participation by interested laypersons. Why do banks and CC companies allow consumers to make payments to online casinos? I have also researched s of other webpages for 3rd party payment processors money launderers to online casinos , credit card agreements, anti-chargeback services, casino affiliate programs, etc. Legal Help, Information and Resources. If you want somebody to promise you that if you choose to gamble illegally you are guaranteed to get your money back if you lose, that's not going to happen. Incorrect currency or transaction code d. Replies: 2 Last Post: , AM. But if a customer comes along, months later, claiming that a charge that they knew was for illegal gambling was an unauthorized charge by the third party, they may find that if the credit card company can't recover the money. Use of this forum is subject to the ExpertLaw terms of use. The casinos own, operate, or collaborate with shell companies that are disguised as foreign electronics retailers or jewelry stores, and from the bank's end, the consumer is simply purchasing some physical goods from China. Incorrect transaction amount or transaction amount differs e. Join our forum and ask a legal question for free, or to participate in discussions. And again, this lets the bank know that it has unlawfully funded online gambling transactions with is expressly prohibited under the UIGEA. Thread Tools Email this Page…. If the credit card company identifies that type of activity, it will as a matter of routine suspend payment to the third party and try to recover any money already placed in its merchant account. I am not certain if the bank is legally required to process the chargeback, but I would bet that in most cases, they will process it immediately without question unless it is an extremely large sum of money. All rights reserved.{/INSERTKEYS}{/PARAGRAPH} I have read virtually every thread on expertlaw. Oftentimes, they are for an amount that is slightly different from the amount authorized by the consumer. They usually specifically disclaim permission to use their services for such nor will they apply the dispute resolution to them. Quoting Mr. Replies: 22 Last Post: , PM. No cardholder authorization the cardholder didn't recognize the transaction or billing descriptor f. Join Date Jul Posts 2. If you want stories, as you can see, there are many stories that you may read by browsing the forum. The authorization form gives the casino permission to charge his CC In this case, the consumer will simply admit they were gambling online, but maintain that they do not recognize the merchants or the amounts on their bank statement. For example, a friend of mine who gambles online was required to fill out an authorization form before withdrawing his winnings. There are many reasons for a dispute, and I've outlined a few of the relevant ones below: a. Here is my rationale: The UIGEA makes it illegal for the following entities to facilitate payments in connection with online gambling transactions: i the operator i. If the transaction was accurately coded as gambling, the bank obviously would deny the charge. Transaction not recognized c. Replies: 1 Last Post: , AM. Replies: 4 Last Post: , AM. {PARAGRAPH}{INSERTKEYS}Remember Me? In my view, these are the highest probability outcomes of an online gambling chargeback in no particular order : 1 Bank tries to contact the merchant, but the merchant does not contest the transactions. Replies: 25 Last Post: , AM. You will find thousands of answers to legal questions. In most cases, these charges show up on a consumer's statement as some unrecognized Chinese retailer. It however goes both ways, the banks won't side with the casinos on such either. All times are GMT The time now is AM. Re: Making Chargebacks for Payments to Online Casinos If you have a specific question about a specific case, by all means ask it. But if a customer comes along, months later, claiming that a charge that they knew was for illegal gambling was an unauthorized charge by the third party, they may find that if the credit card company can't recover the money it will deny the claim based upon their failing to make a timely dispute written notice within 60 days of the time the unauthorized charge appeared on their credit card statement. Bank charges transactions back and refunds the consumer. Not as described or defective merchandise b. They bill through third party companies that will appear to be legitimate to the credit card company. Outcome: bank charges back the transactions and refunds the consumer. Results 1 to 5 of 5. Online casinos don't bill credit cards directly. In these cases, the consumer can simply call up the bank and file a dispute. Join Date Sep Posts 19, Re: Making Chargebacks for Payments to Online Casinos Most credit card companies and electronic payment companies won't touch anything that looks to be a gambling debt.