The negative side of Betphoenix after you make a deposit with them?

Hold times are nothing but a stalling tactic by the merchant.

Upon processing an E-check or ACH transaction, it is instantaneously authorized like a purchase on a credit card.  Once you swipe the card or enter in the info, you know if the account is opened, is not frozen or with any hold or limitiation, and is valid with correct DDA & ABA numbers, and has sufficient available funds.

Now it does take1 (maybe 2) business days for the money to be transferred between accounts (customer/merchant).  Imposing a 10-day hold is nothing but the merchant stalling.  And, allowing goods or services to be rendered before doing a security check, is nothing but being willfully blind to potential fraud.

Fraudulent chargebacks can occur months later.  Just because 10 days has passed, doesn't mean that if someone's card was stolen and fraudulently used, that they 6 months later can't submit a claim in which if upheld wouldn't cause the merchant's bank to debit the fraudulent amount and send it back to its rightful owner.

You can call the 10-day hold "industry standard" or "standard practice" or whatever else all you want.  The fact is, a sportsbook/racebook/casino imposing a 10-day hold before paying out winnings from a deposit via an authorized electronic financial transaction, is done solely for their own greedy selfishness.

NO you people dont listen very well. Im talking about pre-paid cards when you load your own money on your card and im not talking about a normal visa or mastercard which you get a monthly statement.

With a normal visa card or mastercard YES you have to wait for 10 business banking days to withdraw at bet phoenix including a pre-paid card.  And with betjamaica if its a pre-paid card you only have roll over your deposit ONE time only and then you can make your first withdrawal and with bet phoenix even though its a pre-paid card you still have to wait 10 banking days to make a withdrawal that why there is a negative side of BET PHOENIX do you all understand me NOW!!