Betnow Payout limit?

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  • BAUS
    SBR MVP
    • 08-10-05
    • 2191

    #1
    Betnow Payout limit?
    Anyone else have $5000 maximum BTC payout per month?

    Seems rather low for a book that accepts large bets.

    BAUS
  • pimike
    BARRELED IN @ SBR!
    • 03-23-08
    • 37139

    #2
    I believe that is not correct.


    / Max $40,000.
    What is the minimum/maximum withdrawal amount Betnow accepts?
    $5 USD or BTC equivalent / $15,000 USD or BTC equivalent per month.
    $5 - $5,000 = no fee.
    We can accommodate you with larger Bitcoin payouts by simply contacting one of our Customer Service Representatives.
    Comment
    • BAUS
      SBR MVP
      • 08-10-05
      • 2191

      #3
      I will have to contact support. When I try to withdraw I get a message that says I’ve already surpassed my monthly limit ($5000).

      BAUS
      Comment
      • pimike
        BARRELED IN @ SBR!
        • 03-23-08
        • 37139

        #4
        Originally posted by BAUS
        I will have to contact support. When I try to withdraw I get a message that says I’ve already surpassed my monthly limit ($5000).

        BAUS
        Yea

        I took out more in a month. But that was before this COVID stuff.

        That was info on the site I posted.

        Let’s us know BAUS. Good seeing you.
        Comment
        • pimike
          BARRELED IN @ SBR!
          • 03-23-08
          • 37139

          #5
          Originally posted by pimike
          Yea

          I took out more in a month. But that was before this COVID stuff.

          That was info on the site I posted.


          Let’s us know BAUS. Good seeing you.

          Link:

          Scroll down to see it

          Comment
          • BAUS
            SBR MVP
            • 08-10-05
            • 2191

            #6



            From the cashier.

            BAUS
            Comment
            • pimike
              BARRELED IN @ SBR!
              • 03-23-08
              • 37139

              #7
              Originally posted by BAUS



              From the cashier.


              BAUS
              Call them.
              Comment
              • pologq
                SBR Posting Legend
                • 10-07-12
                • 19899

                #8
                yes call. they can possibly accommodate larger $$$ as it says in bullet 2.

                i get the same $5K when i go to payout.
                Comment
                • GradyFuson
                  SBR High Roller
                  • 06-03-17
                  • 218

                  #9
                  I think it was $5k/wk, but they just changed mine to $5k/mth also. They must have some big balances hehehe
                  Comment
                  • BAUS
                    SBR MVP
                    • 08-10-05
                    • 2191

                    #10
                    They will not budge on their 5k Bitcoin per month, despite what it says on the site.

                    BAUS
                    Comment
                    • pimike
                      BARRELED IN @ SBR!
                      • 03-23-08
                      • 37139

                      #11
                      Originally posted by BAUS
                      They will not budge on their 5k Bitcoin per month, despite what it says on the site.

                      BAUS
                      Can you request wire or checks?
                      Comment
                      • KS1986
                        SBR Wise Guy
                        • 05-20-17
                        • 558

                        #12
                        I have 5k monthly too, recent change.
                        Comment
                        • BAUS
                          SBR MVP
                          • 08-10-05
                          • 2191

                          #13
                          Originally posted by pimike
                          Can you request wire or checks?
                          Yes, but of course fees apply.

                          BAUS
                          Comment
                          • PD77
                            SBR MVP
                            • 12-11-09
                            • 2381

                            #14
                            Why does it say Cash App is not an option at the bottom of the screenshot?
                            Comment
                            • DontTailMe
                              SBR MVP
                              • 03-24-19
                              • 2897

                              #15
                              Originally posted by PD77
                              Why does it say Cash App is not an option at the bottom of the screenshot?
                              You wouldn't want to send to/from Cash App, would you? They're probably trying to protect customers from getting their Cash App accounts banned. They could probably add Coinbase and a whole host of other financial institutions.
                              Comment
                              • pimike
                                BARRELED IN @ SBR!
                                • 03-23-08
                                • 37139

                                #16
                                Originally posted by BAUS
                                Yes, but of course fees apply.

                                BAUS
                                Well if you can’t wait a month you have options to pay to get more out.

                                That’s good.
                                Comment
                                • PD77
                                  SBR MVP
                                  • 12-11-09
                                  • 2381

                                  #17
                                  Originally posted by DontTailMe
                                  You wouldn't want to send to/from Cash App, would you? They're probably trying to protect customers from getting their Cash App accounts banned. They could probably add Coinbase and a whole host of other financial institutions.
                                  That was part of the reasoning for my question, why only cash app if that is the reason they listed it there. I don’t play at this book, just thought it was odd.
                                  Comment
                                  • DontTailMe
                                    SBR MVP
                                    • 03-24-19
                                    • 2897

                                    #18
                                    Originally posted by PD77
                                    That was part of the reasoning for my question, why only cash app if that is the reason they listed it there. I don’t play at this book, just thought it was odd.
                                    Perhaps thev've run into complaints from customers who used Cash App but not others (yet).
                                    Comment
                                    • BAUS
                                      SBR MVP
                                      • 08-10-05
                                      • 2191

                                      #19
                                      Originally posted by pimike
                                      Well if you can’t wait a month you have options to pay to get more out.

                                      That’s good.
                                      Well, not really. BTC is faster and no fees. Why would I want to pay $80 to get a check the bank will hold for 30 days?

                                      BAUS
                                      Comment
                                      • pimike
                                        BARRELED IN @ SBR!
                                        • 03-23-08
                                        • 37139

                                        #20
                                        Originally posted by BAUS
                                        Well, not really. BTC is faster and no fees. Why would I want to pay $80 to get a check the bank will hold for 30 days?

                                        BAUS

                                        My bank doesn’t hold checks for 30 days. They actually will send you money orders. They are the only 10 cent line to -200 for USA people. I agree bitcoin limits are currently to low but I still like them and their free contest.

                                        Glad your winning like usual.
                                        Comment
                                        • BAUS
                                          SBR MVP
                                          • 08-10-05
                                          • 2191

                                          #21
                                          Originally posted by pimike
                                          My bank doesn’t hold checks for 30 days. They actually will send you money orders. They are the only 10 cent line to -200 for USA people. I agree bitcoin limits are currently to low but I still like them and their free contest.

                                          Glad your winning like usual.
                                          Yea I hear you. They have a lot of positives, but the BTC payout limit is holding them back.

                                          BAUS
                                          Comment
                                          • Optional
                                            Administrator
                                            • 06-10-10
                                            • 60832

                                            #22
                                            Maybe they choose to have a 5k withdraw limit as they are not interested in large bettors?

                                            When you're the type wanting to make 100k bets, some books are just not going to cater for you.
                                            .
                                            Comment
                                            • Miz
                                              SBR Wise Guy
                                              • 08-30-09
                                              • 695

                                              #23
                                              Same thing happened to me. I took a a check after the 5 in btc. Showed up and deposited with no issues. 1 day hold at bank. Not 30. They use same check issuer that bol does
                                              Comment
                                              • Optional
                                                Administrator
                                                • 06-10-10
                                                • 60832

                                                #24
                                                Originally posted by Miz
                                                Same thing happened to me. I took a a check after the 5 in btc. Showed up and deposited with no issues. 1 day hold at bank. Not 30. They use same check issuer that bol does
                                                So they don't have a 5k month max payout limit?

                                                How much can you actually withdraw per month if you wish to use all methods?
                                                .
                                                Comment
                                                • BAUS
                                                  SBR MVP
                                                  • 08-10-05
                                                  • 2191

                                                  #25
                                                  Originally posted by Optional
                                                  Maybe they choose to have a 5k withdraw limit as they are not interested in large bettors?

                                                  When you're the type wanting to make 100k bets, some books are just not going to cater for you.
                                                  Their BTC payout limit doesn’t line up with their betting limits. They take $5000 bets on baseball.

                                                  BAUS
                                                  Comment
                                                  • Optional
                                                    Administrator
                                                    • 06-10-10
                                                    • 60832

                                                    #26
                                                    Originally posted by BAUS

                                                    Their BTC payout limit doesn’t line up with their betting limits. They take $5000 bets on baseball.

                                                    BAUS
                                                    Your choices don't line up with their offerings is more like the problem.

                                                    Withdraw limits are probably fine for people who don't insist on only using one specific payout method.

                                                    If you want to compare to bet limits, at least compare them to the max you can withdraw if you make use of other offered methods.


                                                    You say you won't take a check due to an $80 fee, but in another thread say you choose to take a $900 loss to take bitcoin from Pinny, who also have loads of other choices that would save you all of that cost.

                                                    It's just fine if you want to keep all your money transfers secret, but thats your choice to limit your own options.
                                                    .
                                                    Comment
                                                    • BAUS
                                                      SBR MVP
                                                      • 08-10-05
                                                      • 2191

                                                      #27
                                                      Originally posted by Optional
                                                      Your choices don't line up with their offerings is more like the problem.

                                                      Withdraw limits are probably fine for people who don't insist on only using one specific payout method.

                                                      If you want to compare to bet limits, at least compare them to the max you can withdraw if you make use of other offered methods.


                                                      You say you won't take a check due to an $80 fee, but in another thread say you choose to take a $900 loss to take bitcoin from Pinny, who also have loads of other choices that would save you all of that cost.

                                                      It's just fine if you want to keep all your money transfers secret, but thats your choice to limit your own options.
                                                      It’s not a secret. Allow me to explain.

                                                      BTC is lightning quick, and there are little to no fees for either party (assuming the sender doesn’t skim a little for their Christmas party fund).

                                                      A paper cheque is going to be 3-6 business days roughly and cost me $80. Then I have to physically take it to a bank. The bank will convert the USD>CAD and I will lose 2-3% on XE.

                                                      Wire, same as above, but without the trip to the bank.

                                                      This shop offers $5000 limits on MLB and likely more on NFL (can’t remember precisely). I like BetNow overall, however, their BTC payout limits do not match their betting limits.

                                                      Keep in mind:

                                                      BOL 100k per month
                                                      Sportsbetting 100k per month
                                                      BM 500k per month
                                                      Pinnacle 1.4 million per month

                                                      I’m not suggesting they should be at the level of those shops, but 20k BTC per month should be a reasonable expectation in the current offshore sphere.

                                                      BAUS
                                                      Last edited by BAUS; 08-30-20, 04:14 PM.
                                                      Comment
                                                      • BAUS
                                                        SBR MVP
                                                        • 08-10-05
                                                        • 2191

                                                        #28
                                                        Originally posted by Optional

                                                        You say you won't take a check due to an $80 fee, but in another thread say you choose to take a $900 loss to take bitcoin from Pinny, who also have loads of other choices that would save you all of that cost.
                                                        Since Pinnacle does not clearly state what their BTC payout fees are (hidden or not) it was a surprise to be skimmed so hard. Also I was withdrawing my remaining amount since I have no more use for post up Pinnacle. Have plenty of credit available there.

                                                        BAUS
                                                        Comment
                                                        • brendon
                                                          SBR Sharp
                                                          • 12-10-09
                                                          • 443

                                                          #29
                                                          betnow payout was 5k bitcoin per week up until recently. I even had multiple 5k payouts in a week last football season. I think this is temporary.
                                                          Comment
                                                          • BAUS
                                                            SBR MVP
                                                            • 08-10-05
                                                            • 2191

                                                            #30
                                                            Originally posted by brendon
                                                            betnow payout was 5k bitcoin per week up until recently. I even had multiple 5k payouts in a week last football season. I think this is temporary.
                                                            Yes, I’m hoping this will be rectified once NFL starts up.

                                                            BAUS
                                                            Comment
                                                            • Optional
                                                              Administrator
                                                              • 06-10-10
                                                              • 60832

                                                              #31
                                                              Originally posted by BAUS

                                                              It’s not a secret. Allow me to explain.

                                                              BTC is lightning quick, and there are little to no fees for either party (assuming the sender doesn’t skim a little for their Christmas party fund).

                                                              A paper cheque is going to be 3-6 business days roughly and cost me $80. Then I have to physically take it to a bank. The bank will convert the USD>CAD and I will lose 2-3% on XE.

                                                              Wire, same as above, but without the trip to the bank.

                                                              This shop offers $5000 limits on MLB and likely more on NFL (can’t remember precisely). I like BetNow overall, however, their BTC payout limits do not match their betting limits.

                                                              Keep in mind:

                                                              BOL 100k per month
                                                              Sportsbetting 100k per month
                                                              BM 500k per month
                                                              Pinnacle 1.4 million per month

                                                              I’m not suggesting they should be at the level of those shops, but 20k BTC per month should be a reasonable expectation in the current offshore sphere.

                                                              BAUS
                                                              The point is that you take no responsibility for those choices that you made.

                                                              And carry on like they are bad for not working the way you think they should.

                                                              You're being unreasonable.


                                                              If you dont want to make use of offered methods, cool. But dont act like its the books fault or like they have a 5k withdraw limit.
                                                              .
                                                              Comment
                                                              • GradyFuson
                                                                SBR High Roller
                                                                • 06-03-17
                                                                • 218

                                                                #32
                                                                Originally posted by Optional
                                                                The point is that you take no responsibility for those choices that you made.

                                                                And carry on like they are bad for not working the way you think they should.

                                                                You're being unreasonable.


                                                                If you dont want to make use of offered methods, cool. But dont act like its the books fault or like they have a 5k withdraw limit.
                                                                The major frustration here is that a sportsbook that at deposit time listed a $15k/mth in payouts has now moved the goal posts and only allowing $5k/mth.

                                                                The point of making a post about it is to alert other gamblers and discourage other sports books from changing policies on a whim.

                                                                Frustration increases when forum moderators support the book in changing their rules.
                                                                Comment
                                                                • BAUS
                                                                  SBR MVP
                                                                  • 08-10-05
                                                                  • 2191

                                                                  #33
                                                                  Message in the cashier:

                                                                  We can accommodate you with larger bitcoin payouts based on availability. Simply contact one of our customer service representatives and they gladly assist you.


                                                                  I did contact them, was told no.

                                                                  Let’s also remember that they accept up to $40,000 in BTC deposits.

                                                                  BAUS
                                                                  Comment
                                                                  • Alfie White
                                                                    SBR Wise Guy
                                                                    • 09-02-17
                                                                    • 680

                                                                    #34
                                                                    Oh look, BAUS boi and other degenerate are giving a wank again, piss off bois, get a grip.

                                                                    "I dOnT uSe WiRE ToO mUch FeeS"

                                                                    piss off mr pro
                                                                    Comment
                                                                    • BAUS
                                                                      SBR MVP
                                                                      • 08-10-05
                                                                      • 2191

                                                                      #35
                                                                      Alf, do you like throwing money in the garbage?

                                                                      BAUS
                                                                      Comment
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