GP all but done?

OldSchool75 · 09-28-10, 04:59 PM

Hello,

In order to provide more convenient options for purchasing and
selling gold in the GP system, GP is shifting its current
buying and selling of gold within the system to independent gold
dealers.

These independent gold dealers will have more localized options
for purchasing and selling gold and will provide a better customized
experience for our users. Some of these localized options will include
accepting money orders, cashiers checks, personal checks, purchasing
with cash at local banks, and accepting a variety of other localized
options.

You will still be able to purchase gold directly from GP by
bank wire for purchases over $3,000 and by credit card. instant deposit users
who have previously used instant deposit will still be able to do so within
GP. You will find a list of current independent gold dealers
under the deposit link.

Please contact us by secure mail or live chat if you have any
questions.

As always, we are working to make your use of the GP system as
convenient and affordable as possible.

Sincerely,

Customer Support

DoubleEM · 09-28-10, 05:00 PM

I didn't get it. What did it say?

lukahh · 09-28-10, 06:26 PM

i'm not sure i understand either. it seem to either mean a) "fukk off" or b) "you'll be able to buy gold at your convenience store together with your yoghurt and cookies"

bookie · 09-28-10, 06:39 PM

It looks like the only way to make a withdrawal now is through a bank wire, and to make a deposit they send you to a cheesy looking gold coin dealing site. Agree this doesn't look good at all.

DoubleEM · 09-28-10, 06:41 PM

It's not option B. The indepedant gold dealers are just other websites.

donkdown · 09-28-10, 08:42 PM

Yep they gone

LordVodka · 09-28-10, 08:49 PM

Can you still deposit with a CC?

DoubleEM · 09-28-10, 11:34 PM

CC is still in my deposit options.

Max009 · 09-29-10, 11:17 AM

Originally posted by SpiderMonkey

Anyone else get a weird e-mail from them today? Check your spam.

I like the new options myself. From what I understand of these new independent dealers they have several options that should be great for people using GP. Like anything though I am sure it will take a little time for people to adjust. My guess is those who try out the new system will like it.

The other thing is that they have a broader market than just this industry so from what I can tell they are moving towards what is a more traditional type of funding system for their type of payment system.

bookie · 09-29-10, 11:32 AM

It's two percent or ten dollars (whichever is greater) from coin dealer to GP, in or out. It might work for a while, but if someone sniffed out what was happening with ** this seems ten times as vulnerable. I'll be looking for report from anybody who funds or takes a payment this way.

Max the discount lines haven't been working the last two Saturdays during college football Saturday. Your customer service is good about changing the bonus line to a discount one so you can get a small bet in, but it's a major hassle. Have your tech people figured out how to implement the Hareeba fix yet?

SpiderMonkey · 09-29-10, 11:37 AM

FYI - max withdraw from MB to GP is now $200 every 14 days. useless.

RichardGeorge · 09-29-10, 11:39 AM

not sure what to think.. but instant deposit and CC still work for me... really sucks that no more ** or ** anymore... Reallly lacking withdrawal options

Max009 · 09-29-10, 11:45 AM

Originally posted by bookie

It's two percent or ten dollars (whichever is greater) from coin dealer to GP, in or out. It might work for a while, but if someone sniffed out what was happening with ** this seems ten times as vulnerable. I'll be looking for report from anybody who funds or takes a payment this way.

Max the discount lines haven't been working the last two Saturdays during college football Saturday. Your customer service is good about changing the bonus line to a discount one so you can get a small bet in, but it's a major hassle. Have your tech people figured out how to implement the Hareeba fix yet?

Are you just trying to place wagers on quarters or halves or is it every wager you are having an issue with?

bookie · 09-29-10, 12:16 PM

Originally posted by Max009

Are you just trying to place wagers on quarters or halves or is it every wager you are having an issue with?

I play more quarters and halves than game lines, but it was with all the bets I've tried to make near kick-off. Night before bets seemed to go through ok.

bookie · 09-29-10, 12:19 PM

Originally posted by SpiderMonkey

FYI - max withdraw from MB to GP is now $200 every 14 days. useless.

That's news to me. Recently did a GP to MB move, and it sxcks to think I can't move it back. Thank you very much for posting this--I was on the verge of making a deposit that I'm now going to hold off on.

Doug · 09-29-10, 01:32 PM

Originally posted by SpiderMonkey

FYI - max withdraw from MB to GP is now $200 every 14 days. useless.

That is rather disturbing ! $200 is ridiculous.

I don't know if that indicates more of a problem with GP or MB ?

BigDaddy · 09-29-10, 01:36 PM

$200 max

lol

thespeculator · 09-29-10, 01:40 PM

i was a long time supporter of gp , but this is to confusing for me, i hope they can get it back to normal soon

scott235 · 09-29-10, 03:43 PM

max009

how does this work for wd's for people who do not wish to do a bank transfer?

scurd8 · 09-29-10, 04:56 PM

max deposit to MB is also $100 per day $200 per 7 days with GP.. sucks

LordVodka · 09-29-10, 07:43 PM

I just put some money on GP and now it doesn't want to transfer. It's telling me there's not enough funds. What the ****.

And MB has no live help. What a joke.

bookie · 09-29-10, 09:55 PM

GP seems to have decent customer service. What do they say? Please keep us posted.

playz · 09-29-10, 11:56 PM

All of these low limits are suppose to be temporary as they are in the middle of changing deposit/withdrawals methods.

LVHerbie · 09-30-10, 01:19 AM

Got an email today about options to deposit through local gold dealers? The only listed (so far) in the US seems to have a number of options including depositing cash into their directly into bank account at "several major banks"... Not sure how much I trust this whole setup given that they are now basically dealing with agents located in the US and it looks to all be pretty much out in the open...

Dark Horse · 09-30-10, 06:26 AM

Don't put your faith in GP for sports betting. I can assure you that the US government already has GP on its list of money laundering operations. Remember all that money that was frozen for months in Neteller accounts a few years back? Or E-gold that was taken to court? (maybe it takes a republican government of corrupt hardliners to crack down on this sort of stuff, but why take the risk?)

thespeculator · 09-30-10, 07:51 AM

if you buy a gold coin how does the money end up in your gp account , i would give it a chance if they gave more details

wrongturn · 09-30-10, 08:35 AM

yeah, don't understand how that works. if i use my money in gp account, they can sell my gold stuff in face value back to the dealer?

bookie · 09-30-10, 02:14 PM

Originally posted by wrongturn

yeah, don't understand how that works. if i use my money in gp account, they can sell my gold stuff in face value back to the dealer?

It looks to be just a shift in paperwork. Instead of sending a ** to Costa Rica you send a check to this US-based dealer, and he deposits the amount in your GP account (from his) minus two percent. It's supposed to work the same way taking money out. You tell GP, GP tells him, he sends you a check.

The idea is simple enough, but as Dark Horse suggests, the chance of doing business that way for very long is pretty cloudy.

Max009 · 09-30-10, 04:09 PM

Originally posted by bookie

It looks to be just a shift in paperwork. Instead of sending a ** to Costa Rica you send a check to this US-based dealer, and he deposits the amount in your GP account (from his) minus two percent. It's supposed to work the same way taking money out. You tell GP, GP tells him, he sends you a check.

The idea is simple enough, but as Dark Horse suggests, the chance of doing business that way for very long is pretty cloudy.

I would make two observations, one, I think GP's business model is broader than this industry, two there are not restrictions on buying and selling gold in the US. From what I understand anyone could set up a gp account and begin buying and selling gold.

LVHerbie · 09-30-10, 10:50 PM

Originally posted by Max009

I would make two observations, one, I think GP's business model is broader than this industry, two there are not restrictions on buying and selling gold in the US. From what I understand anyone could set up a gp account and begin buying and selling gold.

Read up on egold or several similar companies that have run into problems with the US government... They expect reporting of these transactions and personally doubt GP is meeting this expectations... One thing for them to be offshores and doing this... Another if they using agents publicly in the US... It may work awhile but I wouldn't be leaving anything lying around in your GP... I think matchbook reducing their limits is a good sign of their confidence in having exposure to this company...

bookie · 09-30-10, 11:34 PM

I think matchbook reducing their limits is a good sign of their confidence in having exposure to this company...

Bingo.

ABEHONEST · 10-01-10, 12:07 AM

Originally posted by bookie

GP seems to have decent customer service. What do they say? Please keep us posted.

FORGET IT! They had the "worst" customer service I have ever heard of.[And I've been around awhile]
You must not have seen my thread on them a little over a week ago?
I totally trashed them! I sent a ** through my funds there two Fridays a ago[after having some of the worst experiences possible with these so-called business people] they said it would go out early Saturday afternoon! Well , Monday at 8 pm, I was STILL looking for that transaction to process!
I like to have thrown a fit. I needed the money to process badly. Plus, I sent this transaction out Friday just after 2pm [they said" we don't process anything after 2pm"]
As much trouble I had already had with them, they should have made an exception. So, finally, Monday after 8: 30 or so, the money finally processed!

Let me tell you, I am no longer doing business with these dog turds! I don't see how anyone does do business with them?

bookie · 10-01-10, 12:50 AM

Originally posted by ABEHONEST

FORGET IT! They had the "worst" customer service I have ever heard of.[And I've been around awhile]
You must not have seen my thread on them a little over a week ago?
I totally trashed them!

I guess I missed that thread. Sorry you had a bad experience. I've dealt with them several times and they seemed competent--not real knowledgeable, but competent about basic questions.

I did use live chat to ask them about how this thing with the coin dealer works, and they were not at all forthcoming. They said to write to coin dealer, which I did--and he sent back decent instructions. This is not to say that what they're doing doesn't look like an arrest waiting to happen, but it is to say the situation will probably be fluid and it wouldn't hurt if anybody who still has money in there keeps asking them questions so we can all keep each other up to date.

Peep · 10-01-10, 01:50 PM

I did request a 3K check from them ten days back, arrived within a week. Cost me $30.

So that part seems OK in any case.