Why does BetOnline charge for BTC deposits?

**TheMoneyShot** · 05-06-16, 05:07 PM

Pure NUTS if it's true.

**michael777** · 05-06-16, 08:36 PM

Oh,it's 100% true!!!!!!!!!!!! They are a pathetic joke

**FreeFall** · 05-06-16, 09:21 PM

you answered your question. Greed.

**Courtesywipe** · 05-06-16, 10:11 PM

Originally posted by TopNotch

In the past I deposited here with credit card so I knew about the 6.5% fee. However since I'm now using Bitcoin, I was preparing to make a deposit but figured I would double check that there was no fee. Yet I'm being told that they still charge 6.5% for BTC deposits!

This seems insane. I can think of no justification for them doing this. Is there any explanation for this other than greed?

One of the reasons you are a SUCKER if you play there. SBR hypes them up, but there is NO excuse for this!

**Optional** · 05-07-16, 03:38 AM

Don't really get why they go this way either. But they do offer a perpetual re-load bonus to cover it.

**Courtesywipe** · 05-07-16, 03:54 AM

Originally posted by Optional

Don't really get why they go this way either. But they do offer a perpetual re-load bonus to cover it.

30 day hold with bonus Opti!

**dirtdog52658** · 05-07-16, 07:36 AM

Yup rip off, you send 1000 and you start 65 bucks in hole, than if you do win its 2% on the way out.

**JAKEPEAVY21** · 05-07-16, 07:45 AM

send money to them p2p

they pick up fees on deposits over $300

**sheepgotwool** · 05-07-16, 09:34 AM

Quickest place to send checks out also. Less than 48 hours fedex guy will be knocking at your door. With the bonus on the deposit it more than makes up for the fee !!!!

**Buffalo Nickle** · 05-07-16, 11:01 AM

Because they can. And most likely, you'll pay it.

**JAKEPEAVY21** · 05-07-16, 11:26 AM

Originally posted by Buffalo Nickle

Because they can. And most likely, you'll pay it.

not me, ill take my lazy ass 2 miles to the local Walmart and deposit via ** to save that 6.5%

**Buffalo Nickle** · 05-07-16, 11:52 AM

Originally posted by JAKEPEAVY21

not me, ill take my lazy ass 2 miles to the local Walmart and deposit via ** to save that 6.5%

Me too. Just give me a free option. But most people will pay the fee and rationalize that it they covered it with the bonus as you have seen here. BetOnline knows people will pay it, so they charge it.

**JAKEPEAVY21** · 05-07-16, 12:04 PM

Originally posted by Buffalo Nickle

Me too. Just give me a free option. But most people will pay the fee and rationalize that it they covered it with the bonus as you have seen here. BetOnline knows people will pay it, so they charge it.

for me it would depend on the distance to the nearest free option..if it was 20+ miles away, id likely pay the fee.

**Buffalo Nickle** · 05-07-16, 12:09 PM

Originally posted by JAKEPEAVY21

for me it would depend on the distance to the nearest free option..if it was 20+ miles away, id likely pay the fee.

Most people want to deposit by CC because of convenience or lack of funds. They charge on bitcoin to catch people by surprise. They obviously aren't all that interested in people depositing via bitcoin because they make good money charging on CCs. Other companies don't rake in those kind of fees so they try to make bitcoin more attractive. BOL knows you want their openers and there is only one way to get them.

**Snoman** · 05-07-16, 12:11 PM

Whats the free method? Straight $$ transfer?

**Optional** · 05-07-16, 12:49 PM

Originally posted by Snoman

Whats the free method? Straight $$ transfer?

P2P

Originally posted by JAKEPEAVY21

send money to them p2p

they pick up fees on deposits over $300

**jjgold** · 05-07-16, 08:23 PM

Originally posted by sheepgotwool

Quickest place to send checks out also. Less than 48 hours fedex guy will be knocking at your door. With the bonus on the deposit it more than makes up for the fee !!!!

yes..hopefully though they reduce bitcoin fee somewhat