Another bad sign from matchbook

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  • mathdotcom
    SBR Posting Legend
    • 03-24-08
    • 11689

    #1
    Another bad sign from matchbook
    If you're accused of 'excessive transactions', they will take all deposit or w/d fees out of your credits unless the transaction occurred 7 days after the last one.

    Their reasoning is that those who deposit and w/d frequently end up with a lot of commission credits

    Because everyone wants to convert cash to credits, right?
  • Holtgetsback
    SBR MVP
    • 01-04-10
    • 4655

    #2
    Comment
    • Fishhead
      SBR Aristocracy
      • 08-11-05
      • 40179

      #3
      What fees?
      Comment
      • mathdotcom
        SBR Posting Legend
        • 03-24-08
        • 11689

        #4
        3.5% on moneybookers for example.

        So suppose your credit and regular balances are $0. If you deposit $1000, you'll have a cash balance of $965 and credits of $35. If you then withdraw that $965, your credit balance will fall to about $1.

        I understand they have to cover their costs, but smells a bit of desperation. If they want to promote liquidity they shouldn't charge anything on deposits and up the fees to 7% for withdrawals .
        Comment
        • TheLock
          SBR Posting Legend
          • 04-06-08
          • 14427

          #5
          Mathy you fell for the SBR John Celtics -300 ML?


          C'mon pal I thought you were sharper than that.
          Comment
          • TheLock
            SBR Posting Legend
            • 04-06-08
            • 14427

            #6
            TheLockee likeeee the Magic last night

            Internet / -1 Ticket #: 217654
            May 24 08:30 PM

            NBA
            STRAIGHT BET
            [513] ORLANDO +290
            Comment
            • Fishhead
              SBR Aristocracy
              • 08-11-05
              • 40179

              #7
              Originally posted by TheLock
              Mathy you fell for the SBR John Celtics -300 ML?


              C'mon pal I thought you were sharper than that.

              20-40 cent scalp
              Comment
              • Doug
                SBR Hall of Famer
                • 08-10-05
                • 6324

                #8
                Originally posted by Fishhead
                What fees?
                They CAN charge for transfers if they want, and you have credits. I read it in their fine print somewhere.

                I think they just want to punish people that get excessive about transactions, should be no issue for you FH, I doubt you have credits, since you always win.
                Comment
                • Fishhead
                  SBR Aristocracy
                  • 08-11-05
                  • 40179

                  #9
                  Originally posted by Doug
                  They CAN charge for transfers if they want, and you have credits. I read it in their fine print somewhere.

                  I think they just want to punish people that get excessive about transactions, should be no issue for you FH, I doubt you have credits, since you always win.

                  Can't recall the last time I had credits.
                  Comment
                  • Sam Odom
                    SBR Aristocracy
                    • 10-30-05
                    • 58063

                    #10
                    43.6% of my BR is there. I slept well last night
                    Comment
                    • Doug
                      SBR Hall of Famer
                      • 08-10-05
                      • 6324

                      #11
                      Originally posted by Fishhead
                      Can't recall the last time I had credits.
                      That's where I thought you would be at.

                      I think they are after a guy that deposits, bets a little, and transfers repeatedly, and has credits.

                      Tony at 5D got pissed at me for too many transfers, right after Neteller died....limited me to one a month, then $15 per after one free, fair enough.
                      Comment
                      • mathdotcom
                        SBR Posting Legend
                        • 03-24-08
                        • 11689

                        #12
                        Originally posted by TheLock
                        Mathy you fell for the SBR John Celtics -300 ML?


                        C'mon pal I thought you were sharper than that.
                        Man there are some real fukkin morons on this board. Sometimes I wonder why I bother.
                        Comment
                        • AaronTheGambler
                          SBR Hustler
                          • 01-25-10
                          • 81

                          #13
                          Originally posted by mathdotcom
                          If you're accused of 'excessive transactions', they will take all deposit or w/d fees out of your credits unless the transaction occurred 7 days after the last one.

                          Their reasoning is that those who deposit and w/d frequently end up with a lot of commission credits

                          Because everyone wants to convert cash to credits, right?
                          I don't have a problem with this. I mean if your going to use matchbook as a passthough entity and not play there, they shouldn't cover your fees. I mean if your depositing and withdrawaling to another book after 1x rollover, why didn't you deposit into that book in the first place.
                          Comment
                          • dtp
                            SBR MVP
                            • 09-17-09
                            • 2106

                            #14
                            don't know why this matters
                            Comment
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