betonline.com

louis · 11-01-07, 06:08 PM

Substantial payouts handled in about a week

I am receiving substantial payouts. The last one high 4 figures was handled well. I went onto chat and requested it at 2 AM. At 9 AM the next day it was "processed". However, the processing continued for about a week as 3 different people had to sign my check. Then it was sent Fed Ex from Panama and arrived at my doorstep the next day.

BROOKLYN BOY · 11-02-07, 12:26 AM

how come you dont use bank wires?

louis · 11-02-07, 01:08 AM

Withdraws by check are much better than wire, IMO

There is no guarantee you are going to be paid any faster by wire. These checks are sent overnight from Panama City. All the delay is not Fed Ex, but Betonline getting all the necessary approvals to send it out. My guess is the same three people who sign the checks, have to sign off on wires as well. With a check, there is a tracking number and someone has to sign for it on the receiving in. I would much rather track a lost Fed Ex package, than a lost wire that ends up in someone else's account. The check is made out to me, but wires can go to other people. The check is drawn on a U.S. bank, rather than a suspisious wire from an unknown oversea's bank. It is my opinion that multiple wires to and from oversea's banks look suspicious being deposited and withdrawn from a peronal checking account, whereas checks drawn on well known U.S. banks do not. My bank lets me spend the money from most U.S. checks before they clear.

BROOKLYN BOY · 11-02-07, 03:13 AM

louis in your opinion which bank(s) are the best for these transactions?

Rollins08 · 11-02-07, 05:40 AM

I've received moneygram and westernunion payouts and they are usually ready the same day, if not the next day. Bank wires come within 4-5 days. I have never had an issue getting paid.

louis · 11-02-07, 06:55 AM

don't understand the question

hey brooklyn boy, I don't understand the question what banks are better for the transactions. Incoming wires from overseas look suspicious at any bank. Incoming checks drawn on U.S. banks, would probably blend in best at a big bank that isn't going to remember who you are after the next person gets in line. Depositing U.S. denominated checks for less than $10K is unlikely to really set off alarms at any bank; it is certainly better than foreign wires.

BROOKLYN BOY · 11-02-07, 11:41 AM

Originally posted by louis

hey brooklyn boy, I don't understand the question what banks are better for the transactions. Incoming wires from overseas look suspicious at any bank. Incoming checks drawn on U.S. banks, would probably blend in best at a big bank that isn't going to remember who you are after the next person gets in line. Depositing U.S. denominated checks for less than $10K is unlikely to really set off alarms at any bank; it is certainly better than foreign wires.

I just meant which banks are less likely to give one any trouble about cashing checks lets says even if they suspected the money was coming from gambling...and which banks would cause problems if they did. someone told me citibank is good bank to have in this regard.