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The UIGEA finally forced out the only real online banking provider for U.S. poker players. That was ePassporte. Now Cake Poker is touting a new provider called eWalletXpress. A quick perusal of their terms & conditions along with the fee structure revealed that they are not a feasible replacement.
Within the Withdrawls section of the T&C I found the following:
We may limit withdrawals and require additional information from you depending upon your location (Canada, U.S. or international), credit rating, and other factors deemed necessary or appropriate in our sole discretion.
Excuse me but if it’s my money, you damn well better give it to me when I want it. Not if you deem me worthy of having it.
They’ll let you deposit $150 for free during the registration period and then they will gouge you after that for $10 a pop. To get your money out it’s a nice chunk to the tune of 10%.
I don’t seem to have much time to write anymore so I’m going to start doing more video updates. Here is the first one, if you can’t see it in RSS (I’ll try to fix it) then please visit the site.
I’ll probably do these every now and then. This is the type of stuff you get when you watch my live feed while I’m playing. This represents the highlights from my play on Sunday night. I had a pretty funny reaction to a bad beat in there.
