Hold on withdraws b/c of Credit Card deposits

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  • Money
    SBR Wise Guy
    • 08-28-07
    • 663

    #1
    Hold on withdraws b/c of Credit Card deposits
    At BetPhoenix there is a 10 day hold on credit card deposits. Does anyone feel like this hold is to not only make sure they get the money but also to keep you from getting up big and withdrawing? It just seems to me they are trying to force you to wait ten days knowing this will cause some to lose all the money before the hold. I know its happened to me before. Shouldnt they lift this hold if you have made a lot of credit card deposits to them in the past and no problem has been encountered? Or shouldnt you be allowed to send in a ** for the amount of your deposit to cover your credit card deposit and then be allowed to withdraw your winnings before ten day hold is up?
  • spartangreen
    SBR MVP
    • 11-25-09
    • 3807

    #2
    thats pretty normal, CC deposit had the highest fraud rate for deposits., they are just being safe on their end
    Comment
    • StraitShooter
      SBR Posting Legend
      • 07-22-09
      • 10464

      #3
      yeah pretty normal..they even froze my account until I send em a copy of cc and ID even though I never won yet
      Comment
      • ProfaneReality
        SBR Hall of Famer
        • 04-14-09
        • 7607

        #4
        They are one of the few that require a 10 day hold. Most books will be satisfied if you send in a copy of the card. BP does seem to discourage withdraws, the place holds on everything, including accounts that take bonuses... as if the rollover wasnt enough they usually add in a no cashout rule for a certain amount of days.
        Comment
        • ngates815
          SBR Posting Legend
          • 12-01-09
          • 13845

          #5
          I thought most places just require you to wait 30 days to withdraw after your FIRST deposit. I know at 5dimes/bodog, I could deposit, 300 tonight, and then cash it out today, and it'd be here by Friday.
          Comment
          • tltaylor89
            SBR Posting Legend
            • 06-19-09
            • 19610

            #6
            They are the only book I play at that does that.5dimes does not do that they only ask fo a copy of the card .Your best bet is to only use ** and **
            Comment
            • Money
              SBR Wise Guy
              • 08-28-07
              • 663

              #7
              Yeah I agree. But if they truly are only putting a 10 day hold because they want to make sure they get the money then theoretically shouldnt they be fine with the player sending a ** to them for the amount of the initial deposit and then allowing them to withdraw some of the funds?
              Comment
              • ProfaneReality
                SBR Hall of Famer
                • 04-14-09
                • 7607

                #8
                you should be allowed to withdraw the winnings, i really think they are a cash strapped book
                Comment
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