Skybook's withdrawal fees--reasonable or B.S?

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  • genyes
    SBR Hustler
    • 01-14-06
    • 75

    #1
    Skybook's withdrawal fees--reasonable or B.S?
    I have about $2800 in my account at Skybook. I liked the half point NFL and Friday half point in the NBA. I won at least a few bets over the course of the NFL and NBA season. So, I was happy until I tried to make a withdrawal.

    The most I can withdraw is $1000 at a time at a cost of $61 per Money Gram. So, if I want to withdraw all of the $2800 it will cost me $183! So there goes my profit plus some!

    Of course, I can leave my money in until it grows to $5000. Then I can have it bankwired into my checking account for only $100.

    Am I being unreasonable or are these fees bullshit?

    Any other books I should be aware of with excessive withdrawal fees?

    Thanks
  • bigboydan
    SBR Aristocracy
    • 08-10-05
    • 55420

    #2
    First off, Congrats on your winnings sir.

    Actually $61 per dime for a ** withdraw is all that bad IMHOO sir, however I can total sympathize with your grievance. BetMania has the same type of policy in place, although they sometimes are slow paying.

    A couple of other books that you want to avoid if you don't like excessive fees are BookMaker and Jazz. While both of these books are top tier and all, the fees seem a bit pricey for recreational type players.
    Comment
    • Francis Sollozzo
      SBR MVP
      • 11-15-07
      • 2381

      #3
      Originally posted by genyes
      I have about $2800 in my account at Skybook. I liked the half point NFL and Friday half point in the NBA. I won at least a few bets over the course of the NFL and NBA season. So, I was happy until I tried to make a withdrawal.

      The most I can withdraw is $1000 at a time at a cost of $61 per Money Gram. So, if I want to withdraw all of the $2800 it will cost me $183! So there goes my profit plus some!

      Of course, I can leave my money in until it grows to $5000. Then I can have it bankwired into my checking account for only $100.

      Am I being unreasonable or are these fees bullshit?

      Any other books I should be aware of with excessive withdrawal fees?

      Thanks
      put $183 on the Lakers , that will cover your expense
      Comment
      • purecarnagge
        SBR MVP
        • 10-05-07
        • 4843

        #4
        Skybook pays fast. Thats not unreasonable. I understand the thing about the bankwire though. I like skybook. They pay fast and have good promo's. Plus, they speak ENGLISH WHEN I CALL THEM!
        Comment
        • HedgeHog
          SBR Posting Legend
          • 09-11-07
          • 10128

          #5
          Withdrawal methods to US clients are limited. We pay extra fees now because of our government cracking down on Neteller and the like.
          Comment
          • bettilimbroke999
            SBR Posting Legend
            • 02-04-08
            • 13254

            #6
            NOT UNFUKINREASONABLE ARE YOU FUKIN KIDDING ME 6.1% WITHDRAWAL FEE, FUKIN HELL HE'S ALREADY PAYING EM 10% EVERYTIME HE WINS A BET WHAT MORE PERCENT DO THEY WANT??? MOTHER****ERS GOTTA FUKIN PICK 55% ON COINFLIPS NOW TO FUKIN BREAK EVEN. FUKIN SKYBOOK SUCKS COCK ANYWAY GET RID OF THAT SHITBAG BOOK THAT'S DOWN HALF THE TIME ANYWAY. YOU'VE DONE YOUR BIT YOU PLAYED AND BY SOME MIRACLE IN NBA/MLB SEASON YOU WON, CONGRATS YOU DESERVE EVERY PENNY AND PROLLY A HANDJOB FROM THE DELIVERY GIRL WHO GIVES YOUR CHECK WHICH SHOULD BE OVERNIGHTED FOR THE FULL AMOUNT FOR NO MORE THAN $20
            Comment
            • HedgeHog
              SBR Posting Legend
              • 09-11-07
              • 10128

              #7
              Originally posted by bettilimbroke999
              NOT UNFUKINREASONABLE ARE YOU FUKIN KIDDING ME 6.1% WITHDRAWAL FEE, FUKIN HELL HE'S ALREADY PAYING EM 10% EVERYTIME HE WINS A BET WHAT MORE PERCENT DO THEY WANT??? MOTHER****ERS GOTTA FUKIN PICK 55% ON COINFLIPS NOW TO FUKIN BREAK EVEN. FUKIN SKYBOOK SUCKS COCK ANYWAY GET RID OF THAT SHITBAG BOOK THAT'S DOWN HALF THE TIME ANYWAY. YOU'VE DONE YOUR BIT YOU PLAYED AND BY SOME MIRACLE IN NBA/MLB SEASON YOU WON, CONGRATS YOU DESERVE EVERY PENNY AND PROLLY A HANDJOB FROM THE DELIVERY GIRL WHO GIVES YOUR CHECK WHICH SHOULD BE OVERNIGHTED FOR THE FULL AMOUNT FOR NO MORE THAN $20
              Have you ever done **? $61 is about the going rate to send or receive your money ($1000) same day. They're just passing their cost to the clent.
              Comment
              • ritehook
                SBR MVP
                • 08-12-06
                • 2244

                #8
                Originally posted by HedgeHog
                Withdrawal methods to US clients are limited. We pay extra fees now because of our government cracking down on Neteller and the like.
                Right!!

                These processing problems and consequent high fees are the work of GW Bush and his bible banging and neocon fruitcakes.

                These sh-ts can't "win" in Iraq, are botching it in Afghanistan, seem about to start a war on Iran of which the "blowback" into the USA willl be horrific, created a lame economy with a severe inflation bordering on incipient hyperflation, has dropped the ball on border control which will give citizens millions of undocumenteds competing for the declining number of jobs . . . .

                BUT - they did have a big victory!!! They got UIGEA passed! Their war on US, the sports bettors, was a success. Mission Accomplished, Mr President!!
                Comment
                • ritehook
                  SBR MVP
                  • 08-12-06
                  • 2244

                  #9
                  In Skybooks defense, I will say that they do have an excellent bonus option for new bettors. It should more than offset the cost of the WD fees.

                  Not that I approve of these absurdly high fees. Ah for the good old days of Neteller, fast and free in and out . . .
                  Comment
                  • DukeJohn
                    SBR MVP
                    • 12-29-07
                    • 1779

                    #10
                    Originally posted by HedgeHog
                    Have you ever done **? $61 is about the going rate to send or receive your money ($1000) same day. They're just passing their cost to the clent.
                    ** costs about $10.00 so that does seem excessive to me...
                    Comment
                    • bigboydan
                      SBR Aristocracy
                      • 08-10-05
                      • 55420

                      #11
                      Originally posted by DukeJohn
                      ** costs about $10.00
                      That is true and all, however you have to look at the cost of doing business factor as well. I mean it's not easy for books to process mass payouts to U.S. players, and thats something that most people need to take into consideration.
                      Comment
                      • ritehook
                        SBR MVP
                        • 08-12-06
                        • 2244

                        #12
                        If offshore betting is one of your primary concerns, register to vote in November.

                        McCain is in the pocket of the moralistic crazies and the neos, Obama is not. And he is going to need new sources of tax money. Know how much is bert in the country on the Super Bowl alone?

                        And even more on the 63 NCAA during March Madness?

                        Let's see, just tax 1/2 of 1% of the sports bettting handle, plus the net winnings of the bet bettors . . . . .
                        Comment
                        • frostno98
                          SBR Hall of Famer
                          • 09-11-07
                          • 9769

                          #13
                          Thats why it's probably better to play with books that has the debit card option, instant money and a hell lot cheaper.
                          Comment
                          • DukeJohn
                            SBR MVP
                            • 12-29-07
                            • 1779

                            #14
                            Hmm... What's the Book to Book transfer cost? If ya really don't like their fees, maybe transfer to the Greek, roll it over once and then request a withdrawal. Just a thought, especially if you are trying to move the entire balance.
                            Comment
                            • bigboydan
                              SBR Aristocracy
                              • 08-10-05
                              • 55420

                              #15
                              Originally posted by DukeJohn
                              Hmm... What's the Book to Book transfer cost? If ya really don't like their fees, maybe transfer to the Greek, roll it over once and then request a withdrawal. Just a thought, especially if you are trying to move the entire balance.
                              The B2B transfer to TheGreek would be the best route to go of course, and it was my first though as well sir. However, I just "assumed" this gentlemen didn't want to go through the one time rollover process at all.
                              Comment
                              • bettilimbroke999
                                SBR Posting Legend
                                • 02-04-08
                                • 13254

                                #16
                                Originally posted by HedgeHog
                                Have you ever done **? $61 is about the going rate to send or receive your money ($1000) same day. They're just passing their cost to the clent.
                                It's Moneygram in the post and I can do up to 500 for under 10 dollars. This is fukin BS every fukin expense they incur is passed along to the client. Greedy mother****in shitbook!
                                Comment
                                • HedgeHog
                                  SBR Posting Legend
                                  • 09-11-07
                                  • 10128

                                  #17
                                  Originally posted by bigboydan
                                  The B2B transfer to TheGreek would be the best route to go of course, and it was my first though as well sir. However, I just "assumed" this gentlemen didn't want to go through the one time rollover process at all.
                                  Will Skybook also do B2B to Greek sister Book, BetJam?
                                  Comment
                                  • katstale
                                    SBR MVP
                                    • 02-07-07
                                    • 3924

                                    #18
                                    I was also gonna suggest the greek option. My main annoyance with Skybook (outside of the terrible software) is that they refuse to add Moneybookers. Customers having a hard time in the current environment and them not wanting to make any concessions. IN FACT, if they added MB to their arsenal of banking options--they would actually be making more money. Of course, i know they wouldn't want to do that.
                                    Comment
                                    • bigboydan
                                      SBR Aristocracy
                                      • 08-10-05
                                      • 55420

                                      #19
                                      Originally posted by HedgeHog
                                      Will Skybook also do B2B to Greek sister Book, BetJam?
                                      According to the compiled list of B2B transfers SBR poster Frank started back March, that is not an option. However, maybe if you call them they might work with you though.
                                      SKYBOOK transfers to:

                                      TheGreek
                                      Cris
                                      Here is the thread I am referring to above sir:

                                      Comment
                                      • purecarnagge
                                        SBR MVP
                                        • 10-05-07
                                        • 4843

                                        #20
                                        ask them. But then you still have rollover with the new book. 61 dollars it he cost, so its not outrageous. If you don't like the "cost" then find a book with other Withdrawal options. Its tough to find the "total" package in a book anymore.
                                        Comment
                                        • HedgeHog
                                          SBR Posting Legend
                                          • 09-11-07
                                          • 10128

                                          #21
                                          If Skybook's withdrawal costs are so bad, then what does this say about Cris?
                                          Comment
                                          • katstale
                                            SBR MVP
                                            • 02-07-07
                                            • 3924

                                            #22
                                            I can't even imagine a player who bets less than 500 a game playin at Cris. They certainly have decided what type of player they want.
                                            Comment
                                            • 20Four7
                                              SBR Hall of Famer
                                              • 04-08-07
                                              • 6703

                                              #23
                                              You could always try and arb the money out. If skybook wins you get to 5K quicker and if skybook loses you get the money to another book which hopefully is cheaper.
                                              Comment
                                              • Francis Sollozzo
                                                SBR MVP
                                                • 11-15-07
                                                • 2381

                                                #24
                                                Originally posted by Francis Sollozzo
                                                put $183 on the Lakers , that will cover your expense


                                                Solved your problem!
                                                Comment
                                                • beetman
                                                  SBR High Roller
                                                  • 05-31-06
                                                  • 220

                                                  #25
                                                  The bankwire option is I think up to a $10k withdrawal for a $100 fee. That's the only reasonably priced option, which makes Skybook a difficult choice for smaller bettors. I'm not comfortable leaving such a large balance in Skybook so I've stopped using them for the time being.
                                                  Comment
                                                  • HedgeHog
                                                    SBR Posting Legend
                                                    • 09-11-07
                                                    • 10128

                                                    #26
                                                    Originally posted by beetman
                                                    The bankwire option is I think up to a $10k withdrawal for a $100 fee. That's the only reasonably priced option, which makes Skybook a difficult choice for smaller bettors. I'm not comfortable leaving such a large balance in Skybook so I've stopped using them for the time being.
                                                    In the past year, I've done four payouts by wire in the 4-5k range each time. I believe they only do wires on Tues, so if you request one on a Weds, you'll wait 6 days max. I don't like paying the $100 fee (plus $15 incoming wire fee from my bank), but I have no worries about their ability to pay. Their free 1/2 point has turned losers into ties and ties into winners for me, so I figure this pays for my withdrawals.
                                                    Comment
                                                    • purecarnagge
                                                      SBR MVP
                                                      • 10-05-07
                                                      • 4843

                                                      #27
                                                      I like skybook a lot. Fast payouts no bullshit and english
                                                      Comment
                                                      • beetman
                                                        SBR High Roller
                                                        • 05-31-06
                                                        • 220

                                                        #28
                                                        Yeah, I got hit with an incoming fee from my bank as well in the ballpark of $15. Their usefulness for me went down a lot when they switched the basketball half point from every day until Fridays only, as I mostly bet college basketball which usually has very few games on Friday.
                                                        Comment
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