SBR Book charges a fee?????

[The HOFF]

I was just charged a point for a transaction fee. I moved 7 points from my bank into the SBR book, then I looked later and I was charged a point for that????? What's the deal?

[Z_Wipf]

1 point for every 100 points transferred.

[Chi_archie]

I thought the "rake" 1% fee was only for poster to poster transfers..... WTF?

[nosniboR11]

dumbest thing SBR ever did, stupid liberal idea from sbr , all becuase of mex, but its still free they will say, funny

[DrStale]

It's not supposed to charge you for transferring into the book though, only for poster to poster transfers.

[StraitShooter]

Its for the Christmas fund..huge surprise in store

[nosniboR11]

christmas fund, stupid stupid

[THE PROFIT]

I still dont understand how the fee works. He said for a 7 point transfer? and if it was to put mex out of business & draw more to the house book why would they charge for moving your own points to the book???

[TodaysAction]

I was just charged a point for a transaction fee. I moved 7 points from my bank into the SBR book, then I looked later and I was charged a point for that????? What's the deal?

I could be wrong here but, on the 26th you got 25 points and 75 more today (various times - 2:45pm, 4:23pm and 6:13pm) from posters. When added together, they total 100 points, at which SBR takes a 1% fee (rake). Come September, the fee will be 1.5% and I think there's another one scheduled for January 1 to make it be 2%.

[tltaylor89]

Heard their would be a car put into the store

[SBR Lou]

I could be wrong here but, on the 26th you got 25 points and 75 more today (various times - 2:45pm, 4:23pm and 6:13pm) from posters. When added together, they total 100 points, at which SBR takes a 1% fee (rake).

Correct, there is no fee charged for depositing/wd'ing from the point book.

[DrStale]

Yeah sounds like he just didnt realize the point was taken away until he transferred into the book.

[Chi_archie]

so you can move back and forth from your own personal book/wallet without a fee?

[TodaysAction]

so you can move back and forth from your own personal book/wallet without a fee?

Correct.

[SBR Lou]

so you can move back and forth from your own personal book/wallet without a fee?

Yes. The tax is only charged for sending and receiving points to other posters.

[nosniboR11]

thank you lou for answering the question

and thanks sbr for even implying a tax at all, what a smart move, lol

[Chi_archie]

thanks

[pavyracer]

We need a tax tea party. This is insane. Taxation without representation.

[The HOFF]

I could be wrong here but, on the 26th you got 25 points and 75 more today (various times - 2:45pm, 4:23pm and 6:13pm) from posters. When added together, they total 100 points, at which SBR takes a 1% fee (rake). Come September, the fee will be 1.5% and I think there's another one scheduled for January 1 to make it be 2%.

Correct, there is no fee charged for depositing/wd'ing from the point book.

Ok. I didn't understand why I was taxed a point. It was for receiving 100 points from other posters? I'm running a handicapping points contest for UFC 111. That's why people are transferring points to me. So I am taxed points for putting on a contest. That seems ridiculous.

[DrStale]

Ok. I didn't understand why I was taxed a point. It was for receiving 100 points from other posters? I'm running a handicapping points contest for UFC 111. That's why people are transferring points to me. So I am taxed points for putting on a contest. That seems ridiculous.

There is a 1 pt fee for every 100 points transferred. It was started to put Mexi's book out of business, which it did successfully.