No more funds to be sent to US players
As of recent, there have been reports that US affiliates and players are not receiving payments in a timely manner, and in confirmation of these reports, the reputable European e-payment company Quick Tender-UseMyWallet announced that it has stopped sending funds to US players.
The company made a public statement, in which it stated that it has reliable and efficiently served the industry for several years, but that it cannot always predict the "vagaries of the US administration."
"Over the past 2 weeks we have in good faith transmitted withdrawals initiated by Quicktender account holders to beneficiary bank accounts in the US," the statement reads.
"The money left our account in Europe. It was only in response to increasing complaints from our customers that we recognised there was a problem, and asked our bank to investigate.
"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.
"We would stress that we do not have bank accounts in the US of our own, and that the funds have left our account in Europe."
"For this reason we have decided to suspend future withdrawals until we understand what has happened to the money that has been frozen. If we continue to transmit bank wires into the US we could find that these funds also do not reach their ultimate beneficiaries. This would simply make the problem worse," it was concluded in the statement, which asks users to be patient until a clarification is obtained.
For the time being, since the cessation of the US actions could represent a significant blow to the company’s viability, it started assessing its current exposure and how best to reintroduce withdrawals in a safe and reliable manner.