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Betcris 3,5% payout fee (even on bitcoin)
Hi
Got Betcris account when Greek transfered account to them. Never received any bonus from Betcris, placed quite a lot of bets. When crisis started I did not decide to withdraw (to help them through this easier) and placed many bets on eSports. Now I need some money but found out they implemented 3,5% payout fee even on bitcoin. I was told that's management decision for my account, nothing to do with covid19 and that's it, can not be changed. What do you think about this "fair play"?
Terrible
Take the money, eat the fee, reload at book that gives a bonus and you’ll make money
Thank you for your opinion. I will do it.
Looks like I'm in the same boat. Have had an account for 15+ years. Is this a new CRIS policy? Seems ludicrous to charge that kind of fee. And $1000 withdrawal limits? It's especially unfair given that they didn't charge any fees at the time I made my deposit. Seems to me like they should give some kind of warning that they're going to implement fees as of a certain date so you can make a decision about your funds ahead of time. It's essentially holding your money hostage. Very unfair and totally surprised to see this from CRIS. Can SBR get an explanation from CRIS about this?
Offshore is dying
Sadto see
Other great books to play at.
You know what to do
not a good look for Cris
lol wtf u talking about?????Originally Posted by Sam Odom
Offshore is dying
Sad
BetCRIS charging 3.5% FEE on Bitcoin withdrawals - Max 1k Withdrawal
Since when?
I noticed this when I went into the Cashier. I've not had a Bitcoin withdrawal in many months so I don't know when this change was made. They basically have the highest Bitcoin withdrawal fee in the industry now.
And 1k limit? They take five figure bets but only pay 1k at a time?
This seems very unlike CRIS.
Would be curious to know when these changes were implemented, and why.
When did this start??? Is BM doing this too???
I didn't realize this either, probably would have if we hadn't shut down.
Sooooooo, WTF????!@#$%^&*(???
I think BM is still ok though, I don't see it when I log in and the main page without log in (FAQ) says this...
I don't believe this has changed...
https://www.bookmaker.eu/bitcoin-sportsbook#
How much can I withdraw with Bitcoin?Unlike other methods which only let you withdraw once a week, with Bitcoin you can request up to 5 payouts every week. And you can receive up to $10,000 on every withdrawal.
Are there any fees on Bitcoin withdrawals?
BookMaker does not charge any fees for getting payed in Bitcoin, but depending on the exchange wallet you use, there may be minor fees for converting funds from Bitcoin to Fiat (US Dollars) currency. These fees vary from 1% to 3%. When using Bitcoin ATMs this could be 5% or higher. At the moment we do not cover those fees as they are coming from the exchanges and not from us.
Looks like it is just for you Ronald. Same as the OP was told.
I don't appear to have any fee or 1k limit for it.
Same here, I don't see fees or limits any different on my end than they have been for me for a while now.
This is a troubling sign of things to come. If this is going on at Bet CRIS what will happen with the smaller books????
my limit is $1380 CAD no fee
Same here 890e limit and 3.5% fee.
LOL Some have a 3.5% fee and some don't? Sheez.
A fee should never be higher than what it costs the book to perform the transaction.
3,5% fee on a bitcoin transaction? How can this be right?
Be thanksful they didn't choose a 100% withdrawal fee for your money. (sarcasm)
Nobody's seen this yet in the US CRIS books, right? (Bookmaker, JustBet, GalaxySports)
If I had to bet what is the difference between players who have 3.5% fee and players who dont have that fee, I would bet that potential winners have 3.5% fee and the rest of them them are usual losers. Don't get triggered, truth is one and only.
They are either targeting winners, or people that deposit/withdraw too often. Either way the ethical thing to do is to give clients a chance to withdraw funds without fee 1 time and then know about the fee they will impose in future. Otherwise its obviously not fair game.
I agree.
If management is making decisions on accounts, especially because accountholders are just moving money constantly, then give them a warning.
Ideally, outline a policy that shows when you will start charging. The problem there is that they might tolerate some extra money movement from clients who have been "good" to them with a lifetime of activity.
They should set a standard, though, at least a min or max, as I don't think the terms of service of FAQ pages are indicating fees could be charged or limits on withdrawals imposed.
The possibility of such future limits or action should be written in the terms FAQ pages and not just be industry implied.
I am sure it is just a winners/losers thing. It is their way to get rid of their winners. And if they will keep want to be winners they will need to play elsewhere, because 3.5% withdraw fee will make them be a loser.
It is certaily not "many deposits or many withdrawals" thing, because bookies would happily pay all those fees for a nice fat, thick loser.
What frequency would you consider money around too constantly? Withdrawing 3 times per week? Twice?
I suppose that would depend on the other half of the money move.
How often during that same week did the customer deposit? Even if it was by BTC?
It's not just excessive transactions or limiting players (I do not think charging the BTC fee is in any way an attempt to limit successful bettors, there are better methods for that, but the limit on withdrawal amounts could be an attempt to encourage further gambling) at play here, books have to consider anti money laundering as well.
The fee is used to discourage a behavior, I assure you, and that behavior is likely some form of excessive transaction.
Cost isn't the only issue for the book, like we are saying, the book will cover that for a good "client," but they don't have to.
It's more about controlling behaviors, or encouraging or discourgaing them.
$1000 limits and fees each time could be used to prevent a BTC run from those high transaction people.
I do not move money excessively in and out of CRIS. In fact I think I've only requested one payout from them in 2020.
This seems to be a way to punish sharp bettors, and it's rogue behavior.
If CRIS doesn't want my action, they can ban me. They can limit me. They can do a lot of things that are fair. But to insert a fee simply as a way to recoup some of what they lost is not what you'd expect from a top tier book.
Bubba makes a fair point. If they are going to charge a fee, they should give the bettor notice. When I deposited, I did so with the understanding that they didn't charge a fee for Bitcoin payouts. I made that deposit in good faith, and they should honor the terms as they were when that deposit was made.
I hope SBR will reach out to CRIS and look into this, since I can't speak to management due to their lack of a phone number.
"It seems"
"Not what you'd expect"
Then maybe it's not what you think it is. You are not considering other factors at all. Or you just want to play "sharp" for a day...lol...like they want to get even with you.
Like the current crisis and run on books it can and has caused. We are not only not out of that crisis, but it could comeback with a vengeance. It could.
If they give SBR more info, or more of an explanation than they gave the client, then that's the real shady part.
Good Luck.
I don't care what I'm called. Sharp. Square. Whatever. But CRIS banned me from their loyalty program long ago and now this. Feel free to draw whatever conclusion you like.
If this 3.5 % BTC payout fee combined with 1k limits was in response to COVID, then I would expect it would be across the board. However, it seems that only certain accounts have been ambushed with this unjust fee.
That's just it. It wouldn't be across the board because different accounts have different levels of risk when it comes to a run.
It could even be the amount in the account that makes a difference.
It is far more likely in place to control a behavior that is "let's turn off the bettor" as there are other ways to do this, you said it yourself.
Risk management right now entails so much. But if you don't want to think about that, then just think of Occam's razor.
I would think you can appreciate the back end of the business more than that, though.
I still think if SBR gets info they withheld from you, then that should be the focus, even if SBR gets your ruling over turned.
Not telling you why, but telling them why, when they represent you, should be a complaint itself.
I have this, was told that it is due to my action - i.e. sharp.
Had the account for 10+ years though so they knew full well about the bets I was placing. Only came when they said that, because I am from the UK I needed to withdraw the balance even though they had known about my residency for years. Anyway no great loss
It's not a surprise, really.
They had exclusive e-wallet fee for "non recreationals" long time ago.
Then they removed tennis bellow ATP and WTA level for "non recreationals".
Now this...
It could be to discourage arbitrage players who want to deposit/withdraw large amounts fast, from doing that.
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