Pinnacle is upset on me

[dontknowhowtobet]

Here's an email I got from them:

Dear Sir,


Our Risk Department notices that you are withdrawing your entire balance and making a new CC deposit. For example, on 29 April you requested a wire and on 30 April made a CC deposit.

We have no problem with our clients requesting withdraws from their accounts. The majority of our clients plan to continue playing and make the occasional partial withdrawal. Or some withdraw their entire balance at the end of their favorite season. We are also happy to pay the 4% fees associated with CC deposits for our clients.

However, we do not expect that clients will withdraw their funds using a wire only to re-deposit with a CC. The fees paid by Pinnacle Sports to accept these re-deposited funds were £203.

We are bringing this to your attention since if you choose to manage your account balance in this manner, your account will be set to be charged the full 4% fee incurred by Pinnacle Sports to accept your CC deposits and you will also be charged for all withdrawals.

We appreciate your cooperation regarding future withdrawals and deposits to your account.

Kind regards,

Customer Service Department
Pinnacle Sports

I didn't know they are paying too many fees, I'm used to UK books which allow you to deposit and withdraw freely, so okay, don't kill me for that, I'm just wondering what should I tell them back by email.

[jjgold]

Apologize and say you did not realize this

Sign up with Neteller and or Moneybookers to withdraw and deposit

[mynameismud]

just be happy youre not in the states.

[shaunovery]

Why withdraw then re deposit the nxt day

[dontknowhowtobet]

Why withdraw then re deposit the nxt day

I'm used to it.

[dontknowhowtobet]

Apologize and say you did not realize this

Sign up with Neteller and or Moneybookers to withdraw and deposit

Thanks for the tip!

[soul786]

The thing I found best about this is they sent you a message giving you a heads up in advance. Other books just slap you with the fee. The reason so many people recommend this book is right there, their professionalism is wonderful.

And yeah, for me I just use m'on'eybookers for depositing and withdrawals. Quick and easy.

What they're saying for CC fees they have to pay is completely true. I work in retail and store CC are promoted so much because of this very reason. CC companies take a fee and charge the business a percentage of the volume they generate as a processing fee. Can be anywhere from 3 - 6%. Pinny would end up taking those fees on your behalf but add that to the wire fees they'll also cover and they'll want to let you know you're milking their money for avoidable reasons.

[acl123]

Why withdraw then re deposit the nxt day

Its like he is using his cc to get cash.

[Ra77er]

Tell em to give you a freeplay for having to read all that and also explain that where you come from having to comprehend anything over 3 sentences is cause for a beatdown.

[dontknowhowtobet]

The thing I found best about this is .... their professionalism is wonderful.

I totally agree.

[dj_destroyer]

How much are you withdrawing/depositing to ding Pinny with 200 euros!?

[PharaohUB]

How much are you withdrawing/depositing to ding Pinny with 200 euros!?

£203/0.04 = £5,075

[dj_destroyer]

£203/0.04 = £5,075

So he withdraws 10k every day and deposits it back in the next day?

Sounds like he is are scamming or something, what gives?

[BigDaddy]

Sounds like he is are scamming or something, what gives?

it sure seems that way

[King_Suckerman]

can you earn cashback on ************ by depositing to a sportsbook? maybe thats the idea

[dj_destroyer]

can you earn cashback on ************ by depositing to a sportsbook? maybe thats the idea

Ya. That would be unreal to just keep doing that. What a scam!

You could cake whatever kind of points or cashback you have worked out with your CC so hard. Damn.

OP, you say you do it all the time in Europe? You talking WillHill and Bet365?

[dealer wins]

OP you dont need to email them back anything. From now on they WILL charge you for each deposit and they wont budge on that!!

You have basically been caught taking the pi$$, be grateful they didnt close your account down.

[Hareeba!]

I'm used to it.

Don't you also pay interest and fees for using your cc to deposit with bookies?

Most cc providers here now treat payments to bookies a "cash advances" incurring a fee and interest.

[jjgold]

Hareeba well if you have Aussie CC and use at Aussie books no fees



International meaning Aussie Card at UK Book fees

[Hareeba!]

Hareeba well if you have Aussie CC and use at Aussie books no fees



International meaning Aussie Card at UK Book fees

Not true.
Most Aussie cc providers now treat payments to bookies as "cash advances" which incur both a transaction fee and an obscene interest rate.
I've not attempted to use my cc at a UK book. Firstly I can't use any UK books any more and secondly, if I could I'd use Moneybookers. Unfortunately not all Aussie books will accept Moneybookers and this move against bookies by the CC providers is an unjustifiable pain in the arse.

[soul786]

Don't you also pay interest and fees for using your cc to deposit with bookies?

Most cc providers here now treat payments to bookies a "cash advances" incurring a fee and interest.

Yep, I've been charged a small fee I think it was around 1-2% and I make small deposits so hasn't been exorbitant

[bluesquad]

Thats a nice email actually, other books would just banned you or not going to take your business, depositing via CC is already hard to do and if you do it and take all the winnings right away and then redepositing again there might be a lot of chances that there is something fishy going on, I can see this player is going to make a ********** ASAP as soon as he starts losing or after a week, then he will have the payouts and the deposits are **********, definitely something is not right.

What I do is that if I need the money I would some of my money out and leave the rest of it there to keep having action, there are games every day so why bothering taking the entire balance out :S

[RealSlimShady]

Guy must be getting airline miles or a % back from CC.

[Ruifgalmeida]

open a neteller account

[Ruifgalmeida]

Guy must be getting airline miles or a % back from CC.

that is a good scam cheers

[d2bets]

Gotta agree with Pinnacle here, this seems abusive. You could at least mask it a little better. Withdraw half your account, then a couple weeks later deposit, etc etc. But this is pretty blatant.

[dj_destroyer]

I didn't know they are paying too many fees, I'm used to UK books which allow you to deposit and withdraw freely, so okay, don't kill me for that

Which books allow you to deposit and withdraw freely... please advise.

[HeeeHAWWWW]

Seems to be fair enough - they're getting spanked by your deposit fees and want you to change your money movement patterns.

Most UK books don't do this, because their prices are so awful that 4% means nothing. Pinnacle operate on such low margins that can mean a loss.

[Ruifgalmeida]

Which books allow you to deposit and withdraw freely... please advise.

Every eurobook lets you deposit withdraw freely- Ladbrokes, willhill, bet365, paddypower etc, you can deposit 100euros and withdraw without even play.

[dj_destroyer]

Every eurobook lets you deposit withdraw freely- Ladbrokes, willhill, bet365, paddypower etc, you can deposit 100euros and withdraw without even play.

Thank you... starting scam tomorrow.

How long will my CC company let me get away with this? Will they try to take back the extra points I will have earned?

Any risk?

[Hareeba!]

Thank you... starting scam tomorrow.

How long will my CC company let me get away with this? Will they try to take back the extra points I will have earned?

Any risk?

Don't know about your cc provider but in relation to payments to bookmakers over the past couple of years all those in Australia have been moving towards designating them as "cash advances" with the consequences:
- a transaction fee
- interest charged at an obscene rate
- no rewards points

[brettels]

Don't know about your cc provider but in relation to payments to bookmakers over the past couple of years all those in Australia have been moving towards designating them as "cash advances" with the consequences:
- a transaction fee
- interest charged at an obscene rate
- no rewards points

Been no charges at all for me, last cc deposit was last week.

[Hareeba!]

Been no charges at all for me, last cc deposit was last week.

which bank?

I know they haven't all yet implemented it for all books but as I said that's they way they've been moving

[brettels]

Suncorp

[tommygun]

Hareeba, I have also been getting hit with my deposits being labelled as "cash advances" on my statement. 21% interest through NAB, ridiculous!!!