SBR review: CreditWagering

Online scam sportsbook CreditWagering alleges sale

CreditWagering (SBR rating F) players have reported being no-paid $23,230.  CW sportsbook surfaced in 2008, initially beginning as a pyramid scheme -- paying the first few rounds of players to lure in more -- before being added to the Sportsbook review blacklist on May 11th, 2009. | Online scam sportsbook CreditWagering statement  | Read more

Sportsbook Scam Alert - CreditWagering fraud

CreditWagering sportsbook (sportsbook rating F) burns another player. In November, the player opened his account and began to wager. CreditWagering extends players $1,000 upfront and requires that they complete a 3X rollover prior to making any withdrawal. If a player is down $400 or more after his first week of playing, CreditWagering requires that the player settle for that amount in order to resume playing. Players who pay are promised 15% back on their settlement amount. The attractive proposition has lured in many players, some of whom that have no intention to pay should they lose their first $400, and some innocent players that had settled up when they owed. | CreditWagering Report
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Rating Change: CreditWagering

CreditWagering downgraded from D- to F

Scam Alert: CreditWagering Sportsbook downgraded to F

CreditWagering Sportsbook (SBR rating F) players have reported fourteen outstanding slow-pay complaints. The most recent of which is a player that contacted SBR stating he asked for a $905 payout on April 1st. In total, CreditWagering players have reported being slow-paid $22,330. CreditWagering has had their mark lowered to F on the SBR Sportsbook Blacklist. | CreditWagering History  | Read more

CreditWagering slow-pay complaint #13

A CreditWagering (SBR rating D-) player has written in with a payment complaint. He requested a $1,200 withdrawal in July and has yet to receive his funds.

CreditWagering player: [quote]I requested over a $1,200 payout in July and have now received a debit card, but not a cent has been loaded on it. It's now been over 3 months, with them saying that it will process "next week" every time they respond. Please Help..... From a guy who always paid them on time[/quote]
CreditWagering users have reported 13 slow-pay complaints for a total of $21,425. To date, none have confirmed being paid.

CreditWagering claims that payouts are coming

CreditWagering (SBR rating D-) has told two players that their payouts would arrive in one week. Player 1 requested a $2000 withdrawal in July. Player 2 asked for $500 on September 27th. Each player was told that they would receive a debit card in the mail that would allow them to withdraw their funds. Players with recent experiences at CreditWagering are asked to write to SBR.

CreditWagering History
CreditWagering was initiated with a D rating in August of 2008 after months of consistent feedback from users and no confirmed slow-pay complaints. SBR cautioned players at the time that the CreditWagering business model of extending credit without verifying income was a risky proposition, and that it was unlikely to be a successful operation long-term. In this SBRforum post, a player admits being given credit and failing to pay back his ~$1000 debt.

CreditWagering was downgraded to D- on May 11th after reports of slow-pay surfaced. The last confirmed CW payout dates back to May 22nd. On July 21st of 2010, a CW manager stated to an SBR dispute mediator that all payouts would be caught up in August.

CreditWagering update

CreditWagering (SBR rating D-) update. A CreditWagering player has written to SBR stating that he has still yet to receive payment from a June 15th payment request of $1114.46. A second player who SBR reported asked for a withdrawal of $2000 on July 24th has not confirmed receiving payment. | CreditWagering report

CreditWagering slow-pay complaint

A CreditWagering (SBR rating D-) slow-pay complaint has been reported. On July 24th a player asked for a $2,000 withdrawal and was sent a debit card through the mail. His card has not since been loaded. The player states that CreditWagering informed him of processor troubles and failed to pay him in the next week as promised. Players in need of assistance with CreditWagering are urged to write to SBR.

CreditWagering — "All payment issues" to be settled in August

CreditWagering (SBR rating D-) has issued the following statement to SBR, in response to a slow-pay complaint dating back to April 26th when a player attempted to withdraw his $2100 balance.

CreditWagering: [quote]All payment issues with all customers will be taken care of in August.....[/quote]
SBR will update this report.

CreditWagering slow-pays update

Two additional CreditWagering (SBR rating D-) slow-pay complaints were filed with SBR. Player 1 requested $1951 mid-March, and player 2 requested his withdrawal mid-April. Both players state that they were offered to be paid via Moneygram, but have yet to receive any such payments from CreditWagering. SBR will update this report.

CreditWagering Player: [quote]I am owed $915 and can not get a reply email from creditwagering. The request is 2 months old and initially I was told I'd get a card to withdraw from. That never came so I was told they could do a moneygram and have not since heard from them when I try to contact for a response. I've been on and off with them for 2 years and have gotten paid in the past as well as paid them. [/quote]

CreditWagering addresses slow-pay complaints

CreditWagering (SBR rating D-) tells SBR that all players who filed sportsbook slow-pay complaints would be paid within 3 weeks. No further information regarding the slow-pays was made available. Five players have submitted CreditWagering payout complaints totaling $10,559.85 in funds owed.

CreditWagering: [quote]All customers will be paid within the next 3 weeks.[/quote]

CreditWagering website off-line

CreditWagering (SBR rating D-) is off-line. CreditWagering is currently slow-paying 5 payers a total of $10,559.85, the first payout was requested on January 19th. Players have reported being on payment plans to SBR.

CreditWagering slow-pays update

Two new CreditWagering (SBR rating D-) slow-pays have been reported. Two players requested $400 and $401 respectively on March 18th and March 29th. SBR's last correspondence with CreditWagering was on June 8th. The longest outstanding slow-pay complaint is for $6059.85, dating back to January 19th. SBR will update this report.

CreditWagering slow-pays: $4,500 owed to 4 players

A CreditWagering (SBR rating D-) slow-pay complaint has been received. On March 29th a player requested $400 and has yet to receive his funds. This marks the 4th outstanding CreditWagering slow-pay complaint. Players are owed a total of $4500 with the earliest payment request made on January 9th.

CreditWagering player: [quote]Payout of $400 requested on Monday March 29, 2010. Repeat requests since have resulted in consistent responses of server or bank issues and always maybe next week you will recceive payment. I was also told moneygram was an option which is what I prefer anyways but that also never happened. I sent them an email yesterday asking if this week would be the week and still no response. My biggest fear in constantly bothering them is that they do have a copy of my id. Payment still has not been received.[/quote]

CreditWagering slow-pays update

Two CreditWagering (SBR rating D-)  players have reported payment. The players were the subject of SBR's May 15th slow-pay report. Player 1 was paid $400 from an April 7th withdrawal request. Player 2 also received a $400 payment. CreditWagering currently owes three other players a combined $4100. SBR will update this report.

CreditWagering slow-pays update

A CreditWagering (SBR rating D-) slow-pay has been received.  On April 7th a player requested a $400 withdrawal. This is the 5th slow-pay complaint submitted by CreditWagering players. CreditWagering owes those players $4900, with the earliest payment request made on January 9th. CreditWagering has claimed to SBR that two of the players would be paid next week.

CreditWagering player reports a $400 slow-pay

A CreditWagering (SBR rating D-) player has reported a slow-pay for $400. This is the fourth player that has written in to SBR for sportsbook dispute assistance. Four players are owed $4500; with the oldest payment requested on January 9th of 2010. SBR will update this report.

CreditWagering player: [quote] I have been on live-chat every week and constantly told the same thing...processors are down BUT I did speak to a representative before that told me Western Union was an option so why not send it to me WU? I sent an email to their cashier with that info but no response. I fear the constant questioning will cause them to close my account or not pay. Any help would be appreciated. My pending amount to withdrawal is 400.00 and terribly enough, I could make another request for another 400. My balance is +$800.[/quote]

Rating Change: CreditWagering

CreditWagering downgraded from D to D-

CreditWagering payment delays effect players

CreditWagering (SBR rating D-) players have written to SBR for dispute assistance. Three players are being slow-paid a combined $4100 with the earliest payment requested on January 9th 2010. SBR is discussing the complaints with CreditWagering.

CreditWagering player: [quote]I have a balance of $6,059.85 at Creditwagering. I requested a check payout for $3k on January 19th, 2010. I have not received any payment since then. They have blamed it on processor problems, and promised me
 a free MG payout for around $800. But that has not materialized. I have always paid them on time. I have received several payments from them in the past on debit cards or MG. This near three months delay has been the longest. Thank you very much for your help.[/quote]

CreditWagering slow-pay reported

A CreditWagering (SBR rating D) player has reported a slow-pay. The player requested a $3,000 payout on January 19th, and has yet to receive his funds. The player states that CreditWagering has attributed the delay to processor problems. SBR will update this report.

Player comments: [quote]I have a balance of $6,059.85 at Creditwagering. I requested a check payout for $3k on January 19th, 2010. I have not received any payment since then. They have blamed it on processor problems, and promised me a free MG payout for around $800. But that has not materialized. I have always paid them on time. I have received several payments from them in the past on debit cards or MG. This near three months delay has been the longest.[/quote]

Rating Change: CreditWagering

CreditWagering <a class=ab href="http://www.sportsbookreview.com/ForumSearch/default.aspx?s=creditwagering">CreditWagering</a>&nbsp;- SBR initiates rating at D

SBRforum members discuss CreditWagering