Matchbook leaving the US

[Dark Horse]

Well this just got a whole lot worse....

Dear xxxxxxxxxxxx,

Following up on our previous e-mail regarding the withdrawal options available to you, we require customers with a balance less then $10,000 to withdraw the funds to their CC.

Please note that payments cannot be made to AMX or debit cards.

Please supply your CC details in the following format:

ccn,exp_month,exp_year,currency,amount

ccn - CC number.
Exp_month - expiry month of the card
Exp_year - expiry year of the card
Currency - The base currency of the card.
amount - the amount you want to be paid to the card.

Funds will be reflected on your statement with the words '***********'

Customers with a balance of $10,000 or over will be required to withdraw the funds by wire.


WTF!!!! I don't want to send money to my fuckin' CC and I certainly don't want a huge positive balance on my card. This is fricken unreal. Just give me the fuckin' wire. Goddamn if I had seen this thread right when it came out yesterday i'd have gotten out by sportsbook transfer before the ownership change was effective.
Fuckin' bs. And I certainly don't want to give my cc# and all of the info that gos with it in an email! ****, i've never given this info to any book. What happens if you don't own a CC anyhow?? Dang, actually wish I had more money there now. Why in the heck can't they just send a check (or wire) to those with <10k?

The new ownership already showing its true face. Americans made MB into what it was, and now they don't even have the courtesy to send a check. Steer clear from these guys (if that still applies). This is the second red flag. The first was the flat out lie, to SBR just a few days ago, that business would continue as usual.

[linedrivr]

The very first impression I got when I first read the withdraw procedures is that the IRS--if my memory serves me correctly--has a rule that requires citizens to report wires of greater than $10k. Please, someone come in correct me if I am wrong, but I think this withdraw procedure for $10k+ could cause some grief for some of the larger accounts.

you are correct. the bank will file a report as required. Now whether anything is done with that report is the unknown. I pay a shit load of taxes every year so maybe it wouldn't affect me personally but who the hell knows. I don't need them snooping through my banking transactions and having me having to explain everything.

[RollPlayer]

Damnit, I was just about to open an account there with baseball coming up

[bubba]

The very first impression I got when I first read the withdraw procedures is that the IRS--if my memory serves me correctly--has a rule that requires citizens to report wires of greater than $10k. Please, someone come in correct me if I am wrong, but I think this withdraw procedure for $10k+ could cause some grief for some of the larger accounts.

you need to pay your taxes regardless. in fact, a $15,000 dollar withdrawal would look far less suspicious than multiple $3,000 withdrawls (i have been told)

[jjgold]

Tennis up for tonight but no odds

I see they are already getting euro markets in place

[theMARTY]

Stinks that baseball season is coming up.

[the sink]

I am from europe and did 2 moneybookers withdrawals yesterday and I got the money today, as fast as usual
2X$2500

[jayc88]

anyone who said matchbook would be dead without their us customers was wrong ,
i'm not going to withdraw one cent

[slash]

May not be of much interest but I just received a 5k (2x2500) Moneybookers withdrawal.

[robertg]

Bad news for U.S. based clients

it took a long time for that insightful post.

[Hwood]

I dont know if anyone else has posted this yet or not but when i told them i have no CC they said that they will send my money to my DC

[lawnmower]

$2500 reqested to my Moneybooker acc 8 hours ago. Just received it.

Only another 10 withdrawals to go...

[heyman]

That B- looks a little more accurate now??

This WSEX & Matchbook & new buyer love triangle is the strangest thing I've seen in this industry.

Why? Who predicted that Matchbook would leave the US market and pay everyone when matchbook was downgraded over a year ago?

[heyman]

Full balance has to be withdrawn in one single transaction. It means a huge size wire for a lot of ppl, certainly will raise the red flag in our bank's end. It looks like matchbook is doing everything they can to make the withdrawal hard. They are not afraid of being identified as gambling related transactions and then be blocked? To creat such a big amount of bank wires with huge size in such a short period of time? I really have to question their motivation now. They are trying to creat an opportunity for them to make excuse later on? Our goverment blocks the wire?

Can SBR do anything about it? Talk to matchy's new management team, help our players get our funds in a more reasonable way? Thanks.

A one-time wire is the most reasonable way. No sympathy for people who don't pay their taxes and are worried about this.

Can someone explain the money going to your CC account? Isn't that like a negative balance on it? Can you then transfer the money from the CC to the checking account linked to it? I never heard of something like this

Yes it will be a negative balance that you can transfer to your bank account. You can just say you took a balance transfer offer on another card.

Because of your continued schilling of MB, many of us got caught with our pants down and a large amount of funds tied up there now. Speaking for myself, I would have transferred my funds out of there weeks ago with all the rumors flying around but listening to your bs, I kept it there thinking we were good to go for baseball season.

I'm a big boy and can deal with the circumstances but I could have done without the headache I will be going through over the next 30 days or so trying to recoup 5 figures from MB and then dealing with my bank explaining why I have a 5 figure international wire hitting my account without them red flagging my account for review to the feds. If I sound real irritated, it's because I AM!

I can assure you, I am not alone in the feelings I have for your bs schilling!

No one put a gun to your head, don't blame anyone but your self. Who are all these people with such large balances yet never have done a wire?

[HedgeHog]

Screw the USA for being such a bully. And fukk Neteller, Pinny and MB for being such pussies.

[Scorpion]

Matchbook has handled this like a shit book, they should have paid the US players first before the new management took over

[wrongturn]

This thing happens every four years, I guess.

[durito]

Matchbook has handled this like a shit book, they should have paid the US players first before the new management took over

Did it occur to you that the old owners didn't have the money to pay everyone?

[Scorpion]

Did it occur to you that the old owners didn't have the money to pay everyone?

Bingo, and what makes people think the new owners have the money to pay everyone?

[lamanax]

Slash,
That's good news. Glad you mentioned.

[todd73nj]

Did it occur to you that the old owners didn't have the money to pay everyone?

So in other words - Matchbook has always been a shit book and nothing more than a scam?

[HedgeHog]

So in other words - Matchbook has always been a shit book and nothing more than a scam?

I don't think anyone would go that far. MB made some bad business choices, credit to deadbeats for one, which may have crippled it financially. I would say it is/was the most poorly run legit Book I can remember.

[cloudagh]

Except for USA players, this new management might turn out to be a good thing. Got an ewallet payout today from them just like normal.

[jjgold]

If the guy is from UK like I think he is maybe they will have a nice small nich but nothing more

You cannot compete against betfair, no one can and non one ever will

Billion Dollar company

[geebert74]

It's a god damn exchange... There is always money!!! They don't have a bad weekend... The only thing is that if people are not making betes they do not get their commishion... There is always money...

[TomG]

Truly a BAD DAY for the US punter!

Amidst all the confusion, one thing is certain: look for a very INTRIGUING upcoming -FH- USA RANKINGS by FISHEHAD. The SHAKEUP in the industry will be felt!

Thankfully US-based punters still have at least one very LUCRATIVE low-juice option: FISHHEADWAGER, where the SBR pros play!!

[lukahh]

i also got my withdrawal...
will be interesting to observe liquidity next days

[RealSlimShady]

i also got my withdrawal... will be interesting to observe liquidity next days

Have to give it more time. New owners will seed the markets to make it look liquid in the short term. Maybe 2-3 months from now, you'd get a clearer picture.

[Dark Horse]

So in other words - Matchbook has always been a shit book and nothing more than a scam?

They'd hardly be the first Ponzi scheme. As long as people don't all withdraw at the same time a book has some room for 'creativity'. I'd be very curious to see how many books could withstand a run on the bank. As MB showed, popularity is a big asset in the offshore world. They were far worse than Tradesports, yet far more popular as well.

They had a reason to sell, didn't they? It would be great to know the full story one day (to what extent did WSEX and JC sink MB, and who bought MB?), but that type of reporting is, unfortunately, anything but a priority for the present SBR. There's nobody willing to dig deep enough to uncover and tell the real story. So we're left with a patchwork, an incomplete mosaic of possibilities (just the type of thing gamblers enjoy sinking their teeth into).

[rake922]

If it's a ponzi scheme is there a line of people who got screwed? they always paid me quickly

[HedgeHog]

Except for USA players, this new management might turn out to be a good thing. Got an ewallet payout today from them just like normal.

Kind of like saying: "Except for the shooting Mrs Lincoln, did you enjoy the play?"

[Dark Horse]

That's funny HH. Original or copy?

[TomG]

That's funny HH. Original or copy?

This attitude is so typical of the failures of the American educational system! Instead of doing work on your own, you ask a question and expect an answer. Do your own work!! A simple Google search would answer your query.

[Dark Horse]

This attitude is so typical of the failures of the American educational system! Instead of doing work on your own, you ask a question and expect an answer. Do your own work!! A simple Google search would answer your query.

No question that this lack of humor is 100% original. Good for you.

[HedgeHog]

That's funny HH. Original or copy?

Remember reading a similar quote years ago. Thought it applied here.