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    All Forums | Gaming Industry - US

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

    «First Previous 12
    Lapoo05
    Betphoenix
    GamblrzAnonyms
    hyvong
    4seasons
    ...
    Participants:
    Search
    Views: 4836
    Posts: 38
    «First Previous 12
     
    Lapoo05
    Lapoo05
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    Joined: Oct, 2007
    Posts: 146
    Posted: Dec. 10, 2009 - 5:14 PM ET #26

    I hav'nt recieved my $50 either, can you help me get it?
    Reply
    I hav'nt recieved my $50 either, can you help me get it?
     
    Betphoenix
    Betphoenix
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    Joined: Nov, 2008
    Posts: 842
    Posted: Dec. 10, 2009 - 8:26 PM ET #27

    yup...need account number though.
    Reply
    yup...need account number though.
     
    GamblrzAnonyms
    GamblrzAnonyms
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    Posts: 299
    Posted: Dec. 11, 2009 - 3:28 PM ET #28

    so richard can u tel me y ur juice is so high isnt it supposed to b -110 for the spread on all games?
    Reply
    so richard can u tel me y ur juice is so high isnt it supposed to b -110 for the spread on all games?
     
    Betphoenix
    Betphoenix
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    Posted: Dec. 11, 2009 - 4:47 PM ET #29

    No problem...our juice isn't high unless on key numbers or during times when the numbers are being pushed by market movers.  We do not move on air, we deal one line, and do not inflate favorites etc.  If you take the -105 route with us, the value is even greater for you at less juice.
    Reply
    No problem...our juice isn't high unless on key numbers or during times when the numbers are being pushed by market movers.  We do not move on air, we deal one line, and do not inflate favorites etc.  If you take the -105 route with us, the value is even greater for you at less juice.
     
    hyvong
    hyvong
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    Posts: 1077
    Posted: Feb. 6, 2010 - 9:46 AM ET #30

    To Richard or anyone,

    If I deposit by cc, do I have any problem with the credit card holder? I did have problem with my bank before when I deposited by debit card and security department called me and asked about it. what is the max I can deposit? It is more than 2 foot of snow now and I can not go any where. Thanks
    Reply
    To Richard or anyone,

    If I deposit by cc, do I have any problem with the credit card holder? I did have problem with my bank before when I deposited by debit card and security department called me and asked about it. what is the max I can deposit? It is more than 2 foot of snow now and I can not go any where. Thanks
     
    4seasons
    4seasons
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    Posted: Feb. 6, 2010 - 4:28 PM ET #31

    Quote Originally Posted by sunset:

     

    not betjamaica with bet jamaica you only have to roll it once after that you can withdraw it but they dont hold it for 10 business banking days.

    betjamaica:  request a payout via Western Union in the morning, pick up your cash that evening. 
    Reply
    Quote Originally Posted by sunset:

     

    not betjamaica with bet jamaica you only have to roll it once after that you can withdraw it but they dont hold it for 10 business banking days.

    betjamaica:  request a payout via Western Union in the morning, pick up your cash that evening. 
     
    Jarrett75
    Jarrett75
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    Joined: Nov, 2004
    Posts: 27902
    Posted: Feb. 6, 2010 - 4:52 PM ET #32

    places only usually hold it for 10 days when you use a credit card. It's standard practice with alot.
    Reply
    places only usually hold it for 10 days when you use a credit card. It's standard practice with alot.
     
    nuttyrich
    nuttyrich
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    Posts: 1709
    Posted: Feb. 6, 2010 - 6:28 PM ET #33

    Yup pretty standard, I used to use e-check with thegreek same think you cannot cash out until the e-check clears even if it clears your bank THEY have to get word it cleared.

    Best way is western union/money gram, you get paid without any holding times.




    Reply
    Yup pretty standard, I used to use e-check with thegreek same think you cannot cash out until the e-check clears even if it clears your bank THEY have to get word it cleared.

    Best way is western union/money gram, you get paid without any holding times.




     
    4seasons
    4seasons
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    Posts: 6672
    Posted: Feb. 7, 2010 - 3:29 PM ET #34

    Quote Originally Posted by nuttyrich:

    Yup pretty standard, I used to use e-check with thegreek same think you cannot cash out until the e-check clears even if it clears your bank THEY have to get word it cleared.

    Best way is western union/money gram, you get paid without any holding times.




    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.

    Reply
    Quote Originally Posted by nuttyrich:

    Yup pretty standard, I used to use e-check with thegreek same think you cannot cash out until the e-check clears even if it clears your bank THEY have to get word it cleared.

    Best way is western union/money gram, you get paid without any holding times.




    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.

     
    sunset
    sunset
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    Posts: 3230
    Posted: Feb. 7, 2010 - 4:03 PM ET #35

    Quote Originally Posted by Jarrett75:

    places only usually hold it for 10 days when you use a credit card. It's standard practice with alot.

     

    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!! 

    Reply

    Quote Originally Posted by Jarrett75:

    places only usually hold it for 10 days when you use a credit card. It's standard practice with alot.

     

    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!! 

     
    RAIDR4life
    RAIDR4life
    Prospect
    Participation Meter
    Joined: Sep, 2009
    Posts: 215
    Posted: Feb. 9, 2010 - 1:27 AM ET #36

    Quote Originally Posted by sunset:

     

    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!! 

    You should go back and read your own post you never mentioned PRE-PAID card you said any deposit to bet phoenix would be held for 10 days now your saying that you know credit card deposits have a 10 day hold but, you were talking about pre-paid card deposits. I THINK YOU SHOULD HAVE MENTIONED THAT FROM THE BEGINNING understand me NOW!! actin like we the dumb ones HATER.
    Reply
    Quote Originally Posted by sunset:

     

    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!! 

    You should go back and read your own post you never mentioned PRE-PAID card you said any deposit to bet phoenix would be held for 10 days now your saying that you know credit card deposits have a 10 day hold but, you were talking about pre-paid card deposits. I THINK YOU SHOULD HAVE MENTIONED THAT FROM THE BEGINNING understand me NOW!! actin like we the dumb ones HATER.
     
    stocks_i_own
    stocks_i_own
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    Joined: Sep, 2008
    Posts: 52
    Posted: Feb. 14, 2010 - 3:03 PM ET #37

    The worst part about Bet Phoenix is they call you more than that 18 year old bee-itch you told you loved last night
    Reply
    The worst part about Bet Phoenix is they call you more than that 18 year old bee-itch you told you loved last night
     
     
    MRSARATOGA
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    Joined: Mar, 2004
    Posts: 14413
    Posted: Feb. 14, 2010 - 8:38 PM ET #38

    Quote Originally Posted by stocks_i_own:

    The worst part about Bet Phoenix is they call you more than that 18 year old bee-itch you told you loved last night

     

    Reply

    Quote Originally Posted by stocks_i_own:

    The worst part about Bet Phoenix is they call you more than that 18 year old bee-itch you told you loved last night

     

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