Does Betonline charge a fee for Bitcoin Deposits?

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  • RonPaul2008
    SBR Hall of Famer
    • 06-08-07
    • 6741

    #1
    Does Betonline charge a fee for Bitcoin Deposits?
    I know Betonline chanrges a 2% fee for btc withdrawals, but i'm unsure about deposits. Does BOL charge a fee to deposit via BTC or just free?
  • dirtdog52658
    SBR Sharp
    • 05-19-11
    • 450

    #2
    Originally posted by RonPaul2008
    I know Betonline chanrges a 2% fee for btc withdrawals, but i'm unsure about deposits. Does BOL charge a fee to deposit via BTC or just free?
    Yes, the time I tried I was told a 6% fee would be applied to the deposit charged by their processor.
    Comment
    • RonPaul2008
      SBR Hall of Famer
      • 06-08-07
      • 6741

      #3
      Hmmmm, we have 2 conflicting answers. Which is it?
      Comment
      • marquette
        SBR High Roller
        • 09-27-12
        • 118

        #4
        Yes, I was charged a 6% fee. If you are like me they will tell you that you will get a bonus of 50% and once you deposit they will tell you that you don't meet the bonus requirements. Happened to me twice. Really bad book, they were great a few years back, but are terrible now.
        Comment
        • dirtdog52658
          SBR Sharp
          • 05-19-11
          • 450

          #5
          Well unless it changed over the last 3 months they charge a fee, reason I haven't deposited with them this season.
          Comment
          • RonPaul2008
            SBR Hall of Famer
            • 06-08-07
            • 6741

            #6
            Wow, if this is true then why does BOL bother offering btc at all? They are the only book I know of that charges fees for btc deposits or withdrawals. They obviously want to discourage its use.
            Comment
            • SBR Forum
              Administrator
              • 12-02-06
              • 4559

              #7
              There is a 6.5% fee for BTC deposits, and 2% for withdrawals. We'll pass along your guys feedback to management concerning fee structure.
              Comment
              • dirtdog52658
                SBR Sharp
                • 05-19-11
                • 450

                #8
                They shouldn't be using a processor for this method at all. This is first time in a long time there is a free method for deposits and payouts and its anonymous they can process these themselves.
                Comment
                • BigDaddy
                  SBR Hall of Famer
                  • 02-01-06
                  • 8378

                  #9
                  they charge?

                  that is nuts.
                  Comment
                  • Buffalo Nickle
                    SBR MVP
                    • 11-12-14
                    • 3228

                    #10
                    Originally posted by RonPaul2008
                    Wow, if this is true then why does BOL bother offering btc at all? They are the only book I know of that charges fees for btc deposits or withdrawals. They obviously want to discourage its use.
                    Because no one suspects they will be charged 6.5% for BitCoin so it is easy money. It's just like with the credit card. They catch people by surprise but they know people are going to pay for the convenience. People may raise a stink but they will eventually deposit anyway to get the bonus or the openers.
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