What I Was Just Told By Pinnacle About Withdrawals

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  • TLD
    SBR Wise Guy
    • 12-10-05
    • 671

    #1
    What I Was Just Told By Pinnacle About Withdrawals
    I just called Pinnacle and asked several questions about withdrawing my money. I’ll report what they told me. (Bear in mind that with sportsbooks, there is no guarantee whatsoever that what one is told by customer service will bear any resemblance to reality.)

    1. Up until now, Pinnacle policy has been to give you a choice: You can either be eligible for book-to-book transfers and pay full fees for your Neteller use, OR you can be disqualified from all book-to-book transfers and get a break on Neteller fees (deposits free; one free withdrawal per month). I long since chose the latter and so have not been eligible for book-to-book transfers.

    Today I asked whether exceptions would be allowed to these policies due to the unusual circumstances.

    The answer I received is that both the fees and the book-to-book transfer disqualification are being waived for Americans forced to withdraw by today’s change in policy. That is to say, you won’t be charged for a Neteller regardless of whether under normal circumstances you’d be eligible for a freebie today, and you can withdraw by book-to-book transfer even if you are on their list as being ineligible for this method.

    2. I then asked about the time frame:

    If I put in a request for a Neteller withdrawal or a book-to-book transfer right now, about how long do you think it would be before it would be processed?

    Well, of course we have a very, very high number of payouts to process right now. We’re going through and processing them as quickly as we can, but it’s going to take awhile to get through all of them.

    So would you say that realistically it would probably take several days for a withdrawal requested now?

    Yes. I think that’s about what you’re looking at.

    OK, so we are talking days rather than hours.

    I would think if you put the request in now it would be a few days. Maybe a little longer. But we’ll certainly process them as quickly as we can.

    And would there be any difference in how long it would take to process a Neteller versus a book-to-book transfer?

    Shouldn’t be. Maybe the sportsbook transfer would take slightly longer. But I wouldn’t think there’d be much of a difference.
  • TLD
    SBR Wise Guy
    • 12-10-05
    • 671

    #2
    And the problem with trying for that WSEX bonus on transfers (I just called them) is there is a 5:00 PM EST Friday deadline, and if what Pinnacle just told me is accurate, any transfer requests put in now will take a lot longer than that to be processed. I explained this to WSEX and asked if the 5:00 PM deadline is flexible in light of this and they said, “No, that’s the deadline. We’d have to receive the funds from Pinnacle by five o’clock tomorrow. You can check back tomorrow to see if the deadline has been extended, but I have no reason to think it will be.”

    So basically you only have a small shot at this bonus. First, Pinnacle has to be willing to do the outgoing transfer (they told me they are; other people on other forums are reporting Pinnacle told them they have stopped all book-to-book transfers), and that somehow the transfer will be completed by tomorrow (Pinnacle told me several days; WSEX told me they’ve already received some transfers today, so at least some customers are getting theirs done the same day).

    Otherwise your money will just be in limbo between the books for awhile, and then once (or if) it ends up in WSEX you’ll get no bonus.
    Comment
    • JoshW
      SBR MVP
      • 08-10-05
      • 3431

      #3
      Some really good info TLD. Thanks.
      Comment
      • TLD
        SBR Wise Guy
        • 12-10-05
        • 671

        #4
        Again, this is simply what they told me, not what is necessarily true.

        Pretty much every point has been contradicted by at least one post here or elsewhere. For example, despite their telling me they’re waiving the usual withdrawal fees, I’ve already seen multiple posts on other boards mentioning they were charged the $15 Neteller fee.
        Comment
        • durito
          SBR Posting Legend
          • 07-03-06
          • 13173

          #5
          I really hope my withdrawl is processed by early sat morning. I need that $ to bet this weekend.
          Comment
          • SBR_John
            SBR Posting Legend
            • 07-12-05
            • 16471

            #6
            Good info TLD, thanks.
            Comment
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