eWalletXpress Shut Down

[Playin4k]

eWalletXpress Exits US Poker
Another online ewallet payment processing company bites the dust in the US online poker market. There has rising speculation regarding the reasons why eWalletXpress has been removing itself as a payment option at leading US facing online poker sites. At first the group said that it was facing “technical issues” and was trying to solve them.
However, it soon became clear that things were more serious than simple technical problems. Last week, the industry got wind that US authorities had issues warrants to seize eWalletXpress funds, and this was confirmed through a statement issued by the group which read: “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.”
The last time US online poker players remember this type of scenario was when the Feds seized $55 million in funds from giant epayment processor, Neteller which, at the time, was the main method of funds transferring for North American players. It took a couple of years before the issue was resolved and Neteller customers finally saw their money, and this was only after the payment group settled with the DOJ and paid a hefty fine.
eWalletXpress told account holders that they can contact payouts@ewalletxpress.com to request to have their funds paid out. However, it stressed that the money will be transferred back into checking accounts once the “technical issues” have been ironed out. As such, the group has not given any commitment to a timeline for when players can expect to see their funds.
A number of top US poker sites offered eWalletXpress as a payment method, including Bodog, Cake Poker, Doyles Room and Carbon Poker.

[Peteyweestro]

Yep this is making it harder and harder but as we are a country of very willful and hard headed survivors ...... where there is a will there is a way !!

[Dan Abnormal]

Yes I was lucky enough to withdraw money from cake to wallet - 2 days before all this went down (appox the 15th of Nov). SO now I have no money on cake and money just floating in a seized ewallet somewhere. Plus I think ewallet knew the deal before hand as the upgrade problems were on the site a bit before the truth came out and Im a little miffed that they gave no indication that people were going to lose their money by using the wallet. Im done with wallets and have no clue how Im gonna get money on other sites now

[Peteyweestro]

I really do feel for ya bro, in fact i have heard of some who for some reason had thousands sitting there in the wallet ! I would never leave any funds there let alone thousands WOW !!!

[Dan Abnormal]

Yea you aint lying, I just wanted to get the money from wallet to bank but it got from site to wallet and then all hell broke loose but it aint that much money but its enough to be aggravating.

I heard some of these stories of people having 1000's in their wallets which does seem crazy also read some post of people just depositing a few hundred to put on a site and it got caught up in all this like I did. They say timing is everything LOL.

[mls1024]

This really sucks, it was the easiest way to move monies for me.