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And where is SBR and the mods on this thread? Are they just tired of dealing with every little complaint that players have, so much to the point that some of the big things like this go unnoticed?
Not taking a shot at anyone, I like this site, just curious...
I apologize to paulw79. I logged into my WSEX account and see this information is posted now in the cashier section.
Thanks WileOut. Hopefully I earned some credibility now.Originally Posted by WileOut
Last edited by paulw79; 03-30-09 at 04:23 PM.
Actually, this info is only posted in the deposit by personal check section. Nowhere is it posted in the withdrawal section. In fact, I requested a courier check this A.M., and there was no reason for me to click on deposit by personal check to do a withdrawal and be made aware of this new policy. I am not happy about this at all.
Been with wsex for over 10 years, and but for the occasional late lines, never had any real issues. They've paid me very substantial amounts like clockwork during the neteller days. Did a transfer to the Greek a few months ago...took less than an hour. Now I've read they don't transfer to Greek or Betjam anymore...
I just want my money
Overnight a personal check with the "Pay to the order of" section left blank. Please make sure to sign the check.
• $100 minimum transfer
• 15% bonus and a 7x rollover.
• 15 business day hold on any withdrawals from the day the check was received.
• Maximum $3000 per 30 day period unless prior approval by management
• Please DO NOT write anything in the "memo" space on the check
• Your check may be used to pay other customers
We will pay $30 mail fee on deposits of $500 to $999 and pay $60 mail fee on deposits of $1,000 or greater.
Accounts can be credited the deposit amount once a verified tracking number can be seen in the system and heading our way. Bonus and fees are added upon receipt of check. Send an email to accounts@wsex.com with the tracking number.
this option is not listed on my deposit section in my account. is this just a US option (i live in canada)?
Don't know...did you click on "Deposit via personal check"? That is the only place on the site where this new policy is iterated.
Wrong...in fact it is the ONLY payout option if you live in the States.
Definitely not going too far. This system is ripe for abuse. It could even lead to criminal prosecution and identity theft, not to mention the regular theft. How the hell is WSEX going to know if a person wrote a bad check or put a stop payment on it. How is the recipient going to prove it to WSEX? Or the person could cash the check, and then complain to WSEX that he never received it. How is WSEX going to prove that he's lying.
This is a goddam AWFUL idea, and it should be ridiculed by every single poster here.
Seems like it would also be rip for shot takers with cash in hand who could send in a deposit that gave them several days to have the cash to clear the check if they win and have an empty account (leading to a bounce the check) if they lose... How the hell could WSEX go after the player since the check is another customers name (not mention being offshore book) and the receiving customer is going to go to WSEX to demand replacement money...
what exactly do you want sbr and the mods to do?
as far as i know the op's problem has been resolved.
and apparently the personal check payout is wsex policy.
my first thought if this is true, is it would be an easy way for someone to receive a payout, get someone else's personal check, take their personal and banking info and go print more checks. classic id theft.
Um, lower their grade to an F immediately. Who cares if it's their policy? It is a policy ripe for abuse. If they have a policy to turn your banking info to total strangers, that makes it OK?
I can't believe the cover SBR is giving to WSEX on this. Any other book would even consider this, it would lead to an immediate placement on the "Run List." This is 10X worse than the BET US/tout scam they have no problem putting on their front page.
Wow this thread really sucks.
I requested a $2,000 check from WSEX on February 19.
They are unable to give me a time frame for when the check will be mailed. Quite frustrating but now a bit nerve racking after seeing this thread.
Likewise...I requested my withdrawal on February 10, 2009.
well i can understand lowering their grade, but that can be said about a few books up there.
an F is a little overboard.
people should know to take sbr or any other commercial website rankings with a grain of salt. if they have financial ties to a sportsbook, then of course they are going to be biased.
i dont know all the facts, but from what i understand, the payout problems with wsex have more to do with the uigea than anything else.
I have been browsing all the forums now for many years and I can say for sure that the SBR ratings are by far the most unbiased. They are the gold standard for the industry. SBR is very important to the offshore sportsbook world because their ratings are so accurate.
A couple of the other forums seem to not care who's banner they put up but you dont see a really really bad book up at the top of SBR.
No, an F is exactly on target. This is the worst policy I have ever seen by a paying sportsbook. They are giving people an open invitation to steal other customers money, as well as WSEX's money. It is so easy, and there's nothing anyone would be able to do to stop it.
As I mentioned before, how is WSEX going to prevent someone from writing a bad check or stopping payment? What recourse does a recipient have if they receive a check and it bounces? How are they going to prove to WSEX that the check bounced, unless WSEX somehow has access to the sender's bank account.
How is WSEX going to prevent someone from cashing a check, then claiming they never received it?
Until these basic questions are answered, this policy is completely inexcusable, and easy pickings for scammers. How anyone here can defend this policy as even remotely acceptable is beyond me.
Also, the UIGEA has nothing to do with their payout problems. Many other books are doing just fine under the same circumstances, including their sister book Matchbook.
Their main problem is not caring about improving.
uigea is the problem, however i would agree that they seem to not care as much as they should.
and using the uigea as an excuse maybe. much like bodog in the past, (which may have changed now, i dunno).
they could be prioritizing their american punters to eliminate those that make a lot of transactions, or maybe eliminate players that move smaller amounts.
they seem to have abandoned WSEX to keep matchbook running smooth.
this check thing is completely absurd, though kind of funny
It would be funny, except that it is so dangerous.
The problem is probably the US government. In fact I would say that I'm pretty sure ALL of WSEX's problems are caused directly by the US government picking on them right now.
Don't blame WSEX. Blame the DOJ.
it would be nice though to know if SBR feels that this is an acceptable payout method for an A- book...
Whats the downside to running the acct number through a foreign intermediary to try to rob the person?
That is the biggest worry IMO. And the overt stupidity.
Are transfers to other books still going same day? I think I'll be moving my money left in there to Matchbook.
Exactly. I have been waiting for an SBR official to enter this thread.
Add to the various dangers of scam/theft outlined in an earlier post the very real possibility that a person who spends a lot of time and effort trying to follow lines and pick winners just isn't careful enough about keeping enough $ in his checking acct to cover a check written weeks, or months, earlier.
Unfricken real they are going to go under because of this policy
Our personal check deposit method is just one of several payment types we offer. The program was developed as a post-UIGEA, quasi peer-to-peer solution.
We can not accept personal checks directly, they take too long to clear international banks. This program allows us to accept them. They are turned around within 24 hours and used for withdrawals. They generally clear customer’s banks in less than five days, without any scrutiny.
There are many advantages to both the company and the players with this program. We recognize it is not for everyone. The program has been working very well. It is not open to all customers.
If a receiving customer has a problem with the check, we replace it with a traditional one and deal with the sender. This has not been a problem to date.
Of course in today’s world one has to be vigorous in monitoring their personal financial statements for fraud. If you use personal checks or ************ online, or at a brick and mortar retailer, there is always a risk. We don’t think the eligible customers of this program are any more prone to scam others than any other business your check or credit card might pass through. In fact the risk is probably less.
WSEX
My gut response was, as noted in my earlier post, "Yikes!"
However, with two conditions it might not be such a bad solution.
First, the person receiving the personal check of another player would have to be in long time good standing with WSEX. Poster WSEX seems to suggest that that is the case.
Second, the person writing the personal check should absolutely be made to understand that his check is going to another customer of the sportsbook. That means more than just some fine print on the banking page, it should be made loud and clear to anyone sending a check.
If those conditions are met, I actually kind of like it. Anyone funding this way should just have a separate checking account and only fund it with the amount needed to cover the check.
I agree it sounds shady, but, done carefully, a peer-to-peer solution is actually a creative and potentially effective way to get around the banking woes, isn't it?
Last edited by MrX; 04-01-09 at 12:33 PM.
WSEX, thanks for coming to this thread.
How will they handle the amount? If I withdraw X, do I wait for a deposit of exactly X by check from a player ? Does a person who withdraws get to know what to expect and when to expect it?
Another question, why the $50 fee for book to book? Wouldn't a no fee setup make it more likely that people would be willing to put money into Wsex knowing that it they won there and lost somewhere else they could move money around without actually trying to withdraw/deposit? It seems now that everyone is just hoping to get their money out of wsex.
The checks are used for withdrawals when their is a qualified customer seeking that amount. We try to encourage the personal checks to come in nice round numbers and there is almost always a pnding withdrawal for a like amount.
Interbooks have always been a courtesy service. There is a fee because it costs a lot of money to bring money in and even move it around.
Up until very recently, I always rated WSEX my favorite out. Love the live offerings and I always had very good customer service, except for one time, which poster wsex, straightened out for me.
BUT.......this is TOTAL BULLSH*T!!!
I'm tired of excuses, why can all of the other C and above rated sportsbooks handle payouts with relative ease, while one of the supposed best and biggest cannot? It doesn't make sense!!!
How f*cking hard is it. Call your competitors, overpay and hire
some of their employees. Betjm/greek, youwager, betphoenix,and 50 other books can get you your money in less than 48 hours...And its not someone elses personal check. This has to be the stupidest
idea any sportsbook ever had to arrange payouts, not to mention the most dangerous to the security of your depositors.
I won't be back and SBR should blacklist immediately!
What would you do if somebody received a check and cashed it, but then said to you that the check bounced? Would you then send them another check?
How are you going to prove 1 way or another whether the claim is true. Have you even considered the possibility that somebody might lie? You're nuts if you think there is less risk probability with this scheme, when you have no access to either person's bank accounts and very little means of verifying information.
I have a pending check withdrawal. How can I ensure that I DO NOT receive somebody else's personal check.
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