More bad news - WSEX

[Sam Odom]

I cannot believe this:

I was just told that ** or Moneygram were my ONLY options to send a post up to them

They are idiotic to NOT accept FedEx

.

[Sam Odom]

Email:

Hello XXXX,

As a US customer your only two options for deposits are western union and money gram. If you are interested in either method of deposit, please contact us at 888-671-3253 for details.

We are currently in the process of updating new deposit and withdrawal methods to benefit our US clients. Please keep checking our website periodically for updates.

Regards,

Alivia

World Sports Exchange
Accounts Department
Tele: 888-671-3253
268-480-3880

[Korchnoi]

So which one's it gona be?

[onlooker]

Things are just going to get tougher and more of a hassle for everyone in the US. I hope easier and safe options surface in the future, but it just is not looking good right now.

Sad times for us in the USA. I thought this was a free country.

[Sam Odom]

I wouldnt care if they held the CCheck 14days before w/d but NOOOOOOOOO!

.

[jjgold]

Wow

[LT Profits]

Sam,

Same thing with Cris/DSI for now, ** or Moneygram only. I just did a ** to DSi and funds were credited to my account 15 minutes after I called with Control #. I am happy to at least have ANY funding method that works for now, so ** it is until the books come up with new methods.

[bigboydan]

This does suck!

Wsex needs to be more creative and continue to use this method.

[compaqDikk]

might as well turn wsex into a Porn Site and Send Jay back to the Pacific Stock exchange. he was a damn good broker

[tblues2005]

LT,

I thought that is what would happen, I am kind of shocked that they couldn't just mail through regular mail also. Maybe that will be in the future.

[pags11]

that sucks that they won't take cashier's checks...

[koko]

might as well turn wsex into a Porn Site and Send Jay back to the Pacific Stock exchange. he was a damn good broker

Didn't the Pacific Stock Exchange close several years ago?

[JoshW]

People talk about cashiers checks being this great option, but aside from the month before football. How many guys are going to think enough ahead of time to use this option to send money to books. The money will take seven days to clear at times, and books can't credit the money right away or they risk players taking shots at them by betting everything, losing, and then just withdrawing money from bank account before it clears. In addition, unless the books get pretty creative, government is going to know when hundreds of guys send checks all to same address that is a book. Just aren't any good options left.

[Bill Dozer]

We have to give the books a chance to adjust. It won't happen over night but I would be willing to bet there will be much more than ** by Super Bowl.

Everyone is scratching their head as to why the books didn't stock pile options. If nothing else it sends the message to players that they are able to accept business.

[Sam Odom]

WSEX will pickup the ** fee for deposits >=$300

I will give'em that. Good move!

[MAB]

Why is ** any different than any other ACH transfer?

[Ganchrow]

Why is ** any different than any other ACH transfer?

Primarily because ** is not an ACH transfer.

[MAB]

What is the difference between a wire transfer and an ACH transfer? Both are electronic tranfers, correct? Pardon my ignorance, just trying to understand.

[Ganchrow]

What is the difference between a wire transfer and an ACH transfer? Both are electronic tranfers, correct? Pardon my ignorance, just trying to understand.

ACH itself refers to a banking network through which ACH debit or credit transfers are actuated. Even though an ACH transfer can be initiated anywhere (for instance at a point-of-sale, or over the Internet), the flow of money always moves from one financial institution account to another. A major advantage of ACH is that it provides a global standard for effecting money transfers.

Western Union, on the other hand, is a publicly traded company, that effects money transfers within its own network (it's been building its network for over 150 years -- it started off as a telegraph company). The flow of money with a Western Union transfer is always from one Western Union location to another, and all transfers are initiated from a specific Western Union location (it can also be done over the phone or Internet -- although only for smaller transfers I believe).

This means that if one party wanted to send funds to another the sender would first need to communicate with the the recipient in order to determine to what Western Union office the funds would need to be sent. The sender would then have to locate a Western Union office and initiate the funds transfer (paying either with cash, a check, or a credit card) from that office to the specific location. Finally, the recipient would then need to physically pick up the funds from the recipient ** office.

[joe blow]

We have to give the books a chance to adjust. It won't happen over night but I would be willing to bet there will be much more than ** by Super Bowl.

Everyone is scratching their head as to why the books didn't stock pile options. If nothing else it sends the message to players that they are able to accept business.

Intil then ,what's so bad about senting funds **?,after all they are picking up the fees..
The title of this thread made me think THEY were knocking out US players also...

[Sam Odom]

The bad news is:

The safe limit to send is much lower with ** vs FedEx/CCheck

[MAB]

ACH itself refers to a banking network through which ACH debit or credit transfers are actuated. Even though an ACH transfer can be initiated anywhere (for instance at a point-of-sale, or over the Internet), the flow of money always moves from one financial institution account to another. A major advantage of ACH is that it provides a global standard for effecting money transfers.

Western Union, on the other hand, is a publicly traded company, that effects money transfers within its own network (it's been building its network for over 150 years -- it started off as a telegraph company). The flow of money with a Western Union transfer is always from one Western Union location to another, and all transfers are initiated from a specific Western Union location (it can also be done over the phone or Internet -- although only for smaller transfers I believe).

This means that if one party wanted to send funds to another the sender would first need to communicate with the the recipient in order to determine to what Western Union office the funds would need to be sent. The sender would then have to locate a Western Union office and initiate the funds transfer (paying either with cash, a check, or a credit card) from that office to the specific location. Finally, the recipient would then need to physically pick up the funds from the recipient ** office.

Thanks for the explanation!