Popular online gambling processor eWalletXpress has allegedly been shut down by US authorities for illegal activity. eWalletXpress which is part of the Navaho network started out as a processor for internet porn sites but quickly grew once they began accepting gambling transactions.
According to BingoWire, eWalletXpress sent out an email to it’s merchants this morning 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…..”
This can leave a huge hole in an online gambling industry that is still feeling the affects of losing other US processors like Neteller and Paypal. No Online Poker Sites or online casinos are currently offering eWalletXpress as an option.
As of this writing there is no answer for the question on everyone’s mind, “What will happen to my money”. We hope that like Neteller funds will be delivered to their owners, but we can’t say for sure. We’ll stay on top of this story as it develops and will do our best to provide you with the answers you need.
Sources: BingoWire CasinoSpamReport