Skrill and Neteller are restricted by Bet365 for new accounts
Bet365 has made a significant change that is having a massive effect on poker players: beginning this week, using Skrill and Neteller, two of the most common e-wallets for gambling purposes, it will not be possible to finance new accounts.
Many users shared via Twitter and gambling forums that newly generated accounts for Skrill and Neteller disappeared from the cashier. The reports were reported after hitting customer service: Bet365 (iPoker Network) disabled both e-wallets only to new accounts; it seems like old users can still process withdrawals from these payment processors, but at the moment it’s unconfirmed.
Why did Bet365 limit the new accounts to Skrill and Neteller?
That’s why everyone is wondering why such a known company suddenly decided to turn off two of gamblers’ most popular e-wallets, especially poker players? There are some hypotheses online, although the company has not released a press release:
Abuse of bonuses and betting arbitrage
The reason behind the decision on Bet365 most likely. Of course, we would not share a manual on how to manipulate a gambling platform, but buying and selling accounts was a regular activity to take advantage of welcome incentives and get interested in arbitrage betting.
E-wallets like Skrill and Neteller are used to pass the money around, and sadly, this activity was found and cut off from the root by the web.
Processing fee for payment
Payment processors are well known to charge large fees to the operators (poker rooms, casinos). But this is not the reason why PaySafe was switched off since the sites have a “security” mechanism for this in the form of demanding minimum rake or bets.