It didn’t take long for the 3rd party payment processor Firepay.com to close it’s doors when the sky fell down. By sky falling I mean the UIGEA and Barney Frank putting the serious hurt and liability on payment processors like Firepay and Neteller. There obviously have been a lot of fly-by-night payment processors out there faking it and collecting commissions; but I always thought of Firepay as an awesome option for US players. Personally I used them for years when I was playing (losing) online at Full Tilt and Stars.
‘Effective Monday, December 10, 2007, FirePay will no longer allow funding, spending or payment transactions,” read a statement from FirePay.
“FirePay account holders will still be able to access their account to review their online statement, register and validate their bank account and withdraw any existing balance free of charge for a 150-day period ending on Thursday, May 8, 2008. After this date, the FirePay website will no longer allow account access and all further inquiries will have to be directed to FirePay via email at email@example.com. Any requests for withdrawal of a remaining balance after Thursday, May 8, 2008, will incur a $25 payment handling fee.”