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Questions about Matchbook!

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#1

Default Questions about Matchbook!

hi everyone, i am pretty sure theres many threads about this already, but i was wondering is there a hold period if i deposit with Matchbook using a credit card? Do they limit me or cut me off if i continually profit? and i am sure people covered the commission but i still dont understand how it works, any input would be appreciated, thanks everyone!
Last edited by jtang0701; 04-06-10 at 06:26 PM.
#2

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Quote Originally Posted by jtang0701 View Post
hi everyone, i am pretty sure theres many threads about this already, but i was wondering is there a hold period if i deposit with Matchbook using a credit card? Do they limit me or cut me off if i continually profit? and i am sure people covered the commission but i still dont understand how it works, any input would be appreciated, thanks everyone!
I don't see why there would be any "hold period" once your credit card transaction is approved.

Matchbook will withhold a small percentage from your deposit which they will refund to you by way of commission credits on your bets (providing you don't lose all your money before you've got them all credited back)

No, there is no reason why they would ever limit you or cut you off for winning. It isn't their money you would be winning. They are only the exchange broker. You are betting against other punters. The more you bet (win or lose) the more commission they make so it's hardly in their interest to limit or boot players out.
#12

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Quote Originally Posted by jtang0701 View Post
Lol I know I am a noob aggie.

When I withdraw using a check, doesn't the bank get suspicious of maybe where out came from? Sort I never withdrew using a check before
The banks are not suspicious of a person depositing a check. Just depsosit the check and forget about it.