# Online Gamblers, FYI...

**URL:** <https://forums.speedlife.net/t/online-gamblers-fyi/17473>\
**Category:** NYSpeed Off Topic\
**Created:** [September 14, 2006, 12:16pm UTC](https://forums.speedlife.net/t/online-gamblers-fyi/17473 "2006-09-14T12:16:00Z")\
**Posts on this page:** 1\
**Showing post:** 53

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**Author:** ![rage87](https://avatars.discourse-cdn.com/v4/letter/r/9e8a1a/32.png) [@rage87](https://forums.speedlife.net/u/rage87)\
**Post date:** [October 3, 2006, 3:08pm UTC](https://forums.speedlife.net/t/online-gamblers-fyi/17473/53 "2006-10-03T15:08:00Z")

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> [@JoesTypeS](#):
>
> Since this doesn’t make gambling online illegal…there is a loophole
> 
> US customers purchase E-chips from company A. The Chips can be used to buy any number of things, like credits @ a casino. The Chip company values their product and is willing to buy it back at anytime for nearly full price (3% re-stocking fee applies).
> 
> US customer pays off shore company A $103 for 100 e-chips (3% handling fee). Customer uses e-chips to buy casino credits. Play win. Cash out to e-chips, sell back to company A, take cash.
> 
> The banks and credit card companies are only dealing with company A, which does not take bets, it simply sells a commodity, that doesn’t even really exist. But hey, people will buy anything online…
> 
> So who wants to start E-chips Inc with me and make a few hundred million dollars?

Explain to me how this is any different than using Neteller? Oh wait it isn’t. Neteller is no longer doing gambling transactions according to their new ToA.

Neteller is a median between a person’s wallets/bank accounts/credit cards and the gaming site, just as “E-Chips” would be a median. Eventually “E-Chips” will be pressured into denying all gambling transactions and confiscating the money, just as Neteller plans on doing.

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