Matchbook leaving the US

Fishhead · 03-04-11, 09:35 AM

Originally posted by John Dough

Wow, could that possibly be more wrong? You don't think Henry or Spiro "gamble"?

Excellent examples

JJ is sharp except when it comes to anything MB related, one Harold Walker has him brainwashed beyond belief.

Domer · 03-04-11, 05:46 PM

For those waiting on payouts such as myself, someone on 2p2 just posted an email from MB telling him that the payment would be coming on Monday to his CC.

So...it looks like they've begun. They might be doing the CC ones first? Don't know.

Fishhead · 03-04-11, 11:11 PM

Originally posted by Domer

For those waiting on payouts such as myself, someone on 2p2 just posted an email from MB telling him that the payment would be coming on Monday to his CC.

So...it looks like they've begun. They might be doing the CC ones first? Don't know.

Well, it was being processed Monday and said it would take 3-5 business days from that point for the users C.C. to process it............so perhaps a few people will be completely paid come this coming Thursday and Friday that used the C.C. option.

FrancisVegas · 03-10-11, 05:19 AM

I got the same e-mail and will continue checking my cc account, but thus far nada. Anyone else seen a dime yet?

HedgeHog · 03-10-11, 06:41 AM

Nothing here yet either, but this is just Day 3 by my count.

jjgold · 03-10-11, 06:42 AM

Most have not been paid

Hopefully they have the money to pay

Hold your horses we will have an exchange that SBR will endorse so you know it will be run top notch

SpiderMonkey · 03-10-11, 06:55 AM

Originally posted by jjgold

Most have not been paid

Hopefully they have the money to pay

Hold your horses we will have an exchange that SBR will endorse so you know it will be run top notch

I have chatted with BetMaker a little this week. I believe they have the right idea on a number of things ... and seem to CARE a lot more than MB did. Easy deposit ... more sports options coming. The interface is obviously a little different, but I am definitely giving them a shot [and they have the horse betting]

KGambler · 03-10-11, 11:21 AM

Originally posted by jjgold

Hold your horses we will have an exchange that SBR will endorse so you know it will be run top notch

What happened to "exhange wagering can not succeed in the North American market?"

LYING SHILL ALERT

Socrates · 03-10-11, 11:23 AM

Sad about Matchbook, as it was my first book I ever used. Loved the layout and everything. Oh well, maybe if I move out of the country some day.

FrancisVegas · 03-10-11, 12:39 PM

Mid day Thusday no activity on my payment. We'll see if these guys really produce the funds. I have significant doubts.

MartinBlank · 03-10-11, 02:35 PM

Shocking.

Wasn't Matchbook listed as the #1 Book in the Fishhead rankings at one time?

Honest to god. Nice call Fish!

Hareeba! · 03-10-11, 03:47 PM

Originally posted by MartinBlank

Shocking.

Wasn't Matchbook listed as the #1 Book in the Fishhead rankings at one time?

Honest to god. Nice call Fish!

still as good as they were then .. albeit some can no longer play there

Hareeba! · 03-10-11, 03:48 PM

Originally posted by FrancisVegas

Mid day Thusday no activity on my payment. We'll see if these guys really produce the funds. I have significant doubts.

I have no doubts ... already received two prompt payouts since the change

fido007 · 03-10-11, 05:56 PM

Originally posted by jjgold

Hint:................First go get a non usa bank account

UK or Canada.then get back to me

OK I did that.What now.Are you not accepting PM.S?

RealSlimShady · 03-10-11, 07:35 PM

Originally posted by jjgold

Most have not been paid Hopefully they have the money to pay

I have no doubt that the new owners will pay. However, I have a feeling that the way they're going about it will bring about unwanted attention from Uncle Sam(IRS)....bunch of international wires from some foreign entity or CC credits for a whole bunch of customers. Guess we'll find out in due time.

Hareeba! · 03-10-11, 09:03 PM

Originally posted by RealSlimShady

I have no doubt that the new owners will pay. However, I have a feeling that the way they're going about it will bring about unwanted attention from Uncle Sam(IRS)....bunch of international wires from some foreign entity or CC credits for a whole bunch of customers. Guess we'll find out in due time.

does that violate any US laws?
what other means would attract less attention?

RealSlimShady · 03-10-11, 09:09 PM

Originally posted by Hareeba!

does that violate any US laws?
what other means would attract less attention?

I'm no legal expert, so I wont comment. This just reminds me of the Pinnacle and Neteller situation....... I know some people had to pay taxes because of Neteller, just to be safe. If they were able to withdraw slowly, they probably wouldve been able to avoid that...but when you get a lumpsum, its not as easy.

FrancisVegas · 03-10-11, 09:23 PM

Still no activity, and the comment regarding the ************ is spot on. Of course it will attract a ton of attention. Why they opted to take a course that puts greater pressure on the financial institutions that are subject to the UIGEA is beyond me. Much smarter way to handle would have been to send checks - like they always have for me in the past - and allow us to deposit or cash with our banks as we always have. The CC companies will incur large fines if they accept these credits back to their cards. Probably why we've not heard of any deposits to CCs for any US based "former customers" yet. Next we'll hear, "Uh, oh sorry, we've been unable to refund your thousands of dollars, so now we'll have to process paper checks. They will be available within 6 - 8 weeks. We apologize for the delay." In the meantime we've missed the entire NCAA tournament season and March Madness. Thank you Matchbook, and BTW, who the hell is it that bought them anyway. All I ever seem to hear is "the new owner". Do they have a name??? I'd like to know so I can avoid them at all cost.

HedgeHog · 03-11-11, 07:32 AM

Checks and B2B would have been the best ways to exit the US market.

bettilimbroke999 · 03-11-11, 08:56 AM

Originally posted by HedgeHog

Checks and B2B would have been the best ways to exit the US market.

Agree completely but the "new owners" (whoever they are) want to avoid b2b for some reason so for the vast majority of clients just charge 9 bucks per 3000 check like they always did until they are paid off, for those very few that have a huge balance that dont want to receive a bunch of 3k checks give them a wire option for whatever a wire costs

This garbage about CC payouts, I swear when I first heard that I thought the new owners must be crackheads, what US CC company is gonna process payouts for a sportsbook? Wouldnt they be fined a fortune?

elgreco · 03-11-11, 09:49 AM

I just got the email from them too. Can we confirm that anyone has been paid yet?

Fishhead · 03-11-11, 09:51 AM

Originally posted by bettilimbroke999

Agree completely but the "new owners" (whoever they are) want to avoid b2b for some reason so for the vast majority of clients just charge 9 bucks per 3000 check like they always did until they are paid off, for those very few that have a huge balance that dont want to receive a bunch of 3k checks give them a wire option for whatever a wire costs

This garbage about CC payouts, I swear when I first heard that I thought the new owners must be crackheads, what US CC company is gonna process payouts for a sportsbook? Wouldnt they be fined a fortune?

The payouts are not coming from a sportsbook(Matchbook)............it's coming from a third party.

Dimwhit · 03-11-11, 11:40 AM

Got the email earlier in the week saying deposit to CC would be completed by today. Just now received an updated email saying the processor is having trouble doing the number of transactions requested and so it could take up to 10 days to hit my CC (some time mid to late next week).

MartinBlank · 03-11-11, 02:15 PM

Players who can't get paid.

Damn.

Matchbook a must book for US punters.

RealSlimShady · 03-11-11, 02:21 PM

Players will get paid. Only risk is the processor getting pinched before the funds get disbursed. And of course, the inconvenience of having to possibly account for a large international wire into your bank account.

Hareeba! · 03-11-11, 03:33 PM

Originally posted by HedgeHog

Checks and B2B would have been the best ways to exit the US market.

what's so hard to understand about legal interpretation that sending money to another book on behalf of a US based player is facilitating gambling with an offshore provider and thus violates the law?

d2bets · 03-11-11, 03:36 PM

Originally posted by Hareeba!

what's so hard to understand about legal interpretation that sending money to another book on behalf of a US based player is facilitating gambling with an offshore provider and thus violates the law?

Then how come Pinnacle did it? And of course Matchbook transferred B2B always. Nothing has changed in terms of the law in years. To suddenly judge that B2B supposedly violates some law is pretty spurious. Still seems like an excuse. Maybe the other B's didn't want to deal with them? Who knows.

Hareeba! · 03-11-11, 04:10 PM

Originally posted by d2bets

Then how come Pinnacle did it? And of course Matchbook transferred B2B always. Nothing has changed in terms of the law in years. To suddenly judge that B2B supposedly violates some law is pretty spurious. Still seems like an excuse. Maybe the other B's didn't want to deal with them? Who knows.

I wouldn't know about Pinnacle but suspect that might have been before this latest stupid law was introduced?

Matchbook is now under new management so what they previously did is irrelevant. The new owners clearly have had legal advice that sending funds to an offshore book on behalf of a US resident is a violation of US law. I don't see why anyone should be surprised at that advice as it appears consistent with the CC and banking industry's opinion which is why US residents find it so difficult to fund these operators.

HedgeHog · 03-11-11, 04:17 PM

Originally posted by Hareeba!

what's so hard to understand about legal interpretation that sending money to another book on behalf of a US based player is facilitating gambling with an offshore provider and thus violates the law?

Could care less what their interpretation of US law is; I was referring to the quickest way to get funds to their clients. Why couldn't the transfer of ownership be delayed by say a week, allowing US clients to transfer out?

HedgeHog · 03-11-11, 04:19 PM

Originally posted by d2bets

Then how come Pinnacle did it? And of course Matchbook transferred B2B always. Nothing has changed in terms of the law in years. To suddenly judge that B2B supposedly violates some law is pretty spurious. Still seems like an excuse. Maybe the other B's didn't want to deal with them? Who knows.

I think Pinny sent checks if I recall correctly. Wish MB would have allowed the same instead of this assinine CC refund.

Hareeba! · 03-11-11, 04:34 PM

Originally posted by HedgeHog

Could care less what their interpretation of US law is; I was referring to the quickest way to get funds to their clients. Why couldn't the transfer of ownership be delayed by say a week, allowing US clients to transfer out?

that's a different question and one I wouldn't know about but imagine that refunding US customers would have been only one of a myriad of issues at the time

my responses have been to you original query as to why they don't do b2b

increasedodds · 03-11-11, 11:15 PM

Pinnacle had already broken US law for years so breaking it a few more days did not matter.

Presumably the new owners of Matchbook have not broken US law and want to keep it that way.

That said there is ABSOLUTELY NO reason why they could not send checks - and you should not have to request your balance. They should just send it to you.

I hope every U.S. user who used a CC files a charge back unless these guys choose to send out checks.

Doug · 03-12-11, 12:08 AM

I totally agree with this. A one time check woulddn't be the end of the world for them, but MB didn't have much ability to send checks or even take deposits.

Stacocakes · 03-12-11, 01:02 AM

Has the in-play betting on matchbook picked up at all this week? I haven't been using the site

heyman · 03-12-11, 07:24 AM

Originally posted by HedgeHog

I was referring to the quickest way to get funds to their clients.

Wires and CC transactions are quick of course. Everyone will be paid.

Originally posted by increasedodds

I hope every U.S. user who used a CC files a charge back unless these guys choose to send out checks.

You haven't any idea how things work.

Originally posted by RealSlimShady

I know some people had to pay taxes because of Neteller, just to be safe. If they were able to withdraw slowly, they probably wouldve been able to avoid that...but when you get a lumpsum, its not as easy.

It looks like a lot of people are talking about getting your funds a different way than they deposited and a way they haven't done before which is an inconvenience. That's all it is. I think this quote about taxes is what it comes down to for some. Tax evasion elicits no sympathy.