Bodog accepting echecks

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  • sergfro
    SBR Wise Guy
    • 09-20-05
    • 604

    #1
    Bodog accepting echecks
    just worked for me....wonder how long this will last
  • bigboydan
    SBR Aristocracy
    • 08-10-05
    • 55420

    #2
    Thanks for reporting this sergfro
    Comment
    • kdmfox
      SBR MVP
      • 08-11-05
      • 1743

      #3
      Worked for me also.
      Comment
      • Bill Dozer
        www.twitter.com/BillDozer
        • 07-12-05
        • 10894

        #4
        You should see more books get the "eCheck" back but only for deposits. The new systems will work differently but serve the same purpose.
        Comment
        • Seattle Slew
          SBR Hall of Famer
          • 01-02-06
          • 7373

          #5
          Why only deposits?

          Originally posted by Bill Dozer
          You should see more books get the "eCheck" back but only for deposits. The new systems will work differently but serve the same purpose.
          Comment
          • Bill Dozer
            www.twitter.com/BillDozer
            • 07-12-05
            • 10894

            #6
            Because of what needs to be done on the receiver's end.
            Comment
            • ShamsWoof10
              SBR MVP
              • 11-15-06
              • 4827

              #7
              That makes sense... As someone said before it's not illegal by federal law for someone to bet but it is for the banking institutions to process transactions... They probably figured for deposits they can get by it but for them to send you money it would be harder for them and you to get by it...
              Comment
              • cwsulzba
                SBR Sharp
                • 03-21-07
                • 431

                #8
                It is very slow though, seven to fourteen business days.
                Comment
                • Bill Dozer
                  www.twitter.com/BillDozer
                  • 07-12-05
                  • 10894

                  #9
                  That is the hold time and accounts are credited instantly, correct?
                  Comment
                  • cwsulzba
                    SBR Sharp
                    • 03-21-07
                    • 431

                    #10
                    It is credited right away. 10-14 hold time and 4-7 out of your account. It is an echeck, with a number. It is not like the instant system they had before.
                    Comment
                    • R3Sports
                      SBR MVP
                      • 03-21-07
                      • 3167

                      #11
                      so how does this work?
                      Comment
                      • cwsulzba
                        SBR Sharp
                        • 03-21-07
                        • 431

                        #12
                        You just do it like they used to have it. Use your checking account.
                        Comment
                        • R3Sports
                          SBR MVP
                          • 03-21-07
                          • 3167

                          #13
                          do they require forms this way as well?
                          Comment
                          • ShamsWoof10
                            SBR MVP
                            • 11-15-06
                            • 4827

                            #14
                            I would think they will... They used to ask for them before...
                            Comment
                            • R3Sports
                              SBR MVP
                              • 03-21-07
                              • 3167

                              #15
                              Yeah, they do.. do you know of any sites that dont?
                              Comment
                              • cwsulzba
                                SBR Sharp
                                • 03-21-07
                                • 431

                                #16
                                No, it does not require forms because if your deposit bounces, then your winnings are canceled. It is a no risk situation for Bodog. I am sure if you had some sort of signifigant win they would force you to verify, but they have fairly low caps on their bets, so I am assuming that it would not happen very often.
                                Comment
                                • R3Sports
                                  SBR MVP
                                  • 03-21-07
                                  • 3167

                                  #17
                                  BODOG does require forms.
                                  Comment
                                  • cwsulzba
                                    SBR Sharp
                                    • 03-21-07
                                    • 431

                                    #18
                                    For credit cards. I never once had to use a form for a depsoit or withdrawal this fall before all this stuff happened. I just deposited without forms. That is why you can only deposit 500 US dollars. If you would like to place a large bet I am sure that you would need forms.
                                    Comment
                                    • R3Sports
                                      SBR MVP
                                      • 03-21-07
                                      • 3167

                                      #19
                                      For withdrawling you need to send a form.
                                      Comment
                                      • cwsulzba
                                        SBR Sharp
                                        • 03-21-07
                                        • 431

                                        #20
                                        Ya, you may be right. Unless you use a different method, like courier or Western Union.
                                        Comment
                                        • R3Sports
                                          SBR MVP
                                          • 03-21-07
                                          • 3167

                                          #21
                                          Yup, for bank or CC you need a form.
                                          Comment
                                          • cwsulzba
                                            SBR Sharp
                                            • 03-21-07
                                            • 431

                                            #22
                                            Where did you read that?
                                            Comment
                                            • R3Sports
                                              SBR MVP
                                              • 03-21-07
                                              • 3167

                                              #23
                                              on the site.
                                              Comment
                                              • cwsulzba
                                                SBR Sharp
                                                • 03-21-07
                                                • 431

                                                #24
                                                If the request is received before 5:00 p.m. EST, processing will begin the same day. If the request is received after that time, processing will begin the next day. Payouts are processed each day on a first come, first served basis and can take as little as 24 hours to process. Additionally:

                                                Your payout request can't be processed until we receive the funds from all pending deposits (which can be four to seven business days after you make a deposit).
                                                You can submit only one payment request at a time. If you want to request another payout, cancel the one that is pending.
                                                Ensure that your address and all other account information is correct before making a payout request.
                                                You may be required to submit additional information for account verification.
                                                Bodog Poker, Casino, Sportsbook and Racebook reserves the right to levy a handling fee for payouts less than $20.
                                                You may be charged a fee if you deposit money into your Bodog account and then withdraw it without placing any bets first. This fee will be limited to the actual costs of processing the transactions.
                                                Comment
                                                • cwsulzba
                                                  SBR Sharp
                                                  • 03-21-07
                                                  • 431

                                                  #25
                                                  I never was before.
                                                  Comment
                                                  • R3Sports
                                                    SBR MVP
                                                    • 03-21-07
                                                    • 3167

                                                    #26
                                                    It says you must SUBMIT A BANK VERIFICATION FORM.
                                                    Comment
                                                    • cwsulzba
                                                      SBR Sharp
                                                      • 03-21-07
                                                      • 431

                                                      #27
                                                      No it does not
                                                      Comment
                                                      • R3Sports
                                                        SBR MVP
                                                        • 03-21-07
                                                        • 3167

                                                        #28
                                                        Trust me , look again
                                                        Comment
                                                        • cwsulzba
                                                          SBR Sharp
                                                          • 03-21-07
                                                          • 431

                                                          #29
                                                          It says that if you wish to complete a payout with an account that has not succesfully deposited, then you have to submit a form:

                                                          Additionally, you will be requested to submit information to verify your banking information prior to receiving your payout

                                                          Or if:

                                                          You wish to change your currently registered bank account (documentation will be required for both your current and new bank accounts).
                                                          You wish to receive a payout by Instant Check, but have not yet made a successful Instant Check deposit.
                                                          The Security Department has requested you to submit it.
                                                          Comment
                                                          • R3Sports
                                                            SBR MVP
                                                            • 03-21-07
                                                            • 3167

                                                            #30
                                                            hold.
                                                            Comment
                                                            • R3Sports
                                                              SBR MVP
                                                              • 03-21-07
                                                              • 3167

                                                              #31
                                                              Once you have registered your personal bank account with Bodog, you can transfer funds directly from your bank account to your Bodog account. The funds are available immediately for wagering.

                                                              You must submit a Bank Account Verification Form if:

                                                              You want to change your currently registered bank account (documentation will be required for both your current and your new bank accounts).
                                                              You want to receive a payout by Instant Check but have not yet made a successful Instant Check deposit.
                                                              The Security Department has requested that you submit it.
                                                              Comment
                                                              • freebie
                                                                SBR MVP
                                                                • 08-10-05
                                                                • 1174

                                                                #32
                                                                either way you can't get Echeck withdraws according to Bill.

                                                                you only need form to make a deposit.
                                                                Comment
                                                                • Bill Dozer
                                                                  www.twitter.com/BillDozer
                                                                  • 07-12-05
                                                                  • 10894

                                                                  #33
                                                                  Right, it's a more involved system that takes longer to clear. Payouts will be in a physical form such as Check and **. It's back to paper money.
                                                                  Comment
                                                                  • pags11
                                                                    SBR Posting Legend
                                                                    • 08-18-05
                                                                    • 12264

                                                                    #34
                                                                    it would be cool (even if it's deposit only) to have echecks around consistantly by next football season...
                                                                    Comment
                                                                    • MAB
                                                                      SBR Sharp
                                                                      • 09-04-05
                                                                      • 253

                                                                      #35
                                                                      It will be interesting to see who's next to offer this method of deposit.

                                                                      Does Bodog offer overnight MLB lines for the regular season?
                                                                      Comment
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