Betfair $3.1 million slow-pay and other pro player issues (Video)

[pico]

that is a lot of money

[vitalyo]

Any updates on this case ?

GL.

[PVO]

I fail to understand how hareeba is not on everyone's ignore list. Click settings at top of page, on left side will be "edit ignore list", select and type in his name and it will auto fill. Hit save and then ok...done.

thank you thank you thank you
i am free from this now

[SportsMushroom]

hareeba you are a god damn Kant, an nfl offensive lineman size male should slap you like the little bitch that you are

this guy had a normal account at betfair, they coerced him into switching to a PSP so that he can 'save time and money', and now that the psp stole his money they are acting like its not their fault, they are scum and you are trash for trying to defend them


I believe the people that say you are probably affiliated with bf and that is why you defend them when they are at fault, either that or you are a bigger tool than you actually come off as

[yokspot]

If it's OK with the mods:

http://online_casino_news.hundredper...e-million.html

[Toit]

hareeba you are a god damn Kant, an nfl offensive lineman size male should slap you like the little bitch that you are

this guy had a normal account at betfair, they coerced him into switching to a PSP so that he can 'save time and money', and now that the psp stole his money they are acting like its not their fault, they are scum and you are trash for trying to defend them


I believe the people that say you are probably affiliated with bf and that is why you defend them when they are at fault, either that or you are a bigger tool than you actually come off as

I don't think he's affiliated with Betfair in any other way than being a player at their site.
The man is just asking the same questions I have when I read a vague story and I'd like to know more about the background of it all.

Feel free to send an 'offensive nfl lineman size male' my way.
Whatever it is, he'll probably have a good time in Amsterdam this weekend as it's Gay Pride

[excel]

Here is a photo of the russian processor in question, looks like a honorable guy...

[Hareeba!]

hareeba you are a god damn Kant, an nfl offensive lineman size male should slap you like the little bitch that you are

this guy had a normal account at betfair, they coerced him into switching to a PSP so that he can 'save time and money', and now that the psp stole his money they are acting like its not their fault, they are scum and you are trash for trying to defend them


I believe the people that say you are probably affiliated with bf and that is why you defend them when they are at fault, either that or you are a bigger tool than you actually come off as

When you emerge from under that toadstool perhaps you'd best read what I've been posting.
It's been more about attempting to get to the full story than defending Betfair.
Neither you or anyone else who's posted here knows the full story (even Anty doesn't appear to know the details of his contract).
Until all is revealed you can't condemn anyone.
And there have been other untruths about Betfair perpetrated in this forum which I've simply attempted to correct.

[YorkHunt]

Here is a photo of the russian processor in question, looks like a honorable guy...

[Toit]

yes.
Hilarious.

So tell me, what's wrong with his face?

[SportsMushroom]

I don't think he's affiliated with Betfair in any other way than being a player at their site. The man is just asking the same questions I have when I read a vague story and I'd like to know more about the background of it all. Feel free to send an 'offensive nfl lineman size male' my way. Whatever it is, he'll probably have a good time in Amsterdam this weekend as it's Gay Pride

When you emerge from under that toadstool perhaps you'd best read what I've been posting. It's been more about attempting to get to the full story than defending Betfair. Neither you or anyone else who's posted here knows the full story (even Anty doesn't appear to know the details of his contract). Until all is revealed you can't condemn anyone. And there have been other untruths about Betfair perpetrated in this forum which I've simply attempted to correct.

actually i understood everything that this guy said and he has been very clear about what has happened so either i'm smarter than the average poster, either you two are morons, or you are motivated by personal gain to defend a company which has shown that their business model boils down to coming up with new ways to screw their customers out of their money

so until a representative of betfair comes in this thread and offers a different version, I will give this guy the benefit of the doubt

if he had done something wrong they would have confiscated the money, but he followed the rules, and when he requested a payout they were gutted that they couldnt just keep it legally, so they decided to screw him over through the processor that THEY pushed on him

[Toit]

actually i understood everything that this guy said and he has been very clear about what has happened so either i'm smarter than the average poster, either you two are morons, or you are motivated by personal gain to defend a company which has shown that their business model boils down to coming up with new ways to screw their customers out of their money

I don't think we're morons or motivated by personal gain.
And yes, I can read between the lines.
It would be nice if someone from SBR would give a bit of an opinion on this case though

[SportsMushroom]

I don't think we're morons or motivated by personal gain. And yes, I can read between the lines. It would be nice if someone from SBR would give a bit of an opinion on this case though

there is no need to read between the line

this guy was clear, you chose to ignore him and keep going on with your rambling, he had a normal account at betfair, then BETFAIR contacted him and indicated that it would be beneficial for this guy to deal with betfair through an agent. so his now account was a sub account that was under the main account that belonged to the agent, and he deposited and withdrew through this agent. he deposited and withdrew through this agent with no problem while the amounts were small, but now that the amount is sizeable they just keep his money. yes it is betfairs fault because they coerced him through promises of a better service into using an unreliable agent despite the fact that this guy already had a normal account and didnt really need to do so

[Toit]

So: SBR?

[SportsMushroom]

T
o
o
l

[Hareeba!]

there is no need to read between the line

this guy was clear, you chose to ignore him and keep going on with your rambling, he had a normal account at betfair, then BETFAIR contacted him and indicated that it would be beneficial for this guy to deal with betfair through an agent. so his now account was a sub account that was under the main account that belonged to the agent, and he deposited and withdrew through this agent. he deposited and withdrew through this agent with no problem while the amounts were small, but now that the amount is sizeable they just keep his money. yes it is betfairs fault because they coerced him through promises of a better service into using an unreliable agent despite the fact that this guy already had a normal account and didnt really need to do so

you've made several assumptions there and badly twisted some facts

you DO NOT KNOW enough about this to make such judgements

[Toit]

T
o
o
l

SBR?

I know Betfair doesn't answer to SBR-questions, but it still shows up on google.

Opinion please...

[SportsMushroom]

you've made several assumptions there and badly twisted some facts

you DO NOT KNOW enough about this to make such judgements

NO i do not make any assumptions, that is exactly what the guy said


you are like a fakking kid, i swear to god you are a shill

[Santo]

Assumption 1: PSP = Agent. Agent has a particular meaning on this US-facing board. The role of the PSP still isn't clear.
Assumption 2: His existing account was moved under the master account. From what I've read I doubt this. It's more likely he was given a new account under the MA. This would be supported by him saying he's now gone back to using Moneybookers. I doubt he's closed the account on which he is due millions.

[SportsMushroom]

Assumption 1: PSP = Agent. Agent has a particular meaning on this US-facing board. The role of the PSP still isn't clear. Assumption 2: His existing account was moved under the master account. From what I've read I doubt this. It's more likely he was given a new account under the MA. This would be supported by him saying he's now gone back to using Moneybookers. I doubt he's closed the account on which he is due millions.

assumption 2 is insignificant, it does not make a difference if his account was moved or if he was given a new one

as for number 1, there is no assumption, it has been already been explained what the role of the psp is, the psp is the middle man between betfair and the customers, the customers deposits and withdraws through the psp and uses the psp account to place wagers. the psp receives commission from betfair

the guy withdrew and the psp is holding his money, probably earning some hefty interest on it while the op will have to wait years to see HIS money, if he ever sees it

[anty]

there is no need to read between the line

this guy was clear, you chose to ignore him and keep going on with your rambling, he had a normal account at betfair, then BETFAIR contacted him and indicated that it would be beneficial for this guy to deal with betfair through an agent. so his now account was a sub account that was under the main account that belonged to the agent, and he deposited and withdrew through this agent. he deposited and withdrew through this agent with no problem while the amounts were small, but now that the amount is sizeable they just keep his money. yes it is betfairs fault because they coerced him through promises of a better service into using an unreliable agent despite the fact that this guy already had a normal account and didnt really need to do so

Thats about right, only "coercing" may be too strong a word. Betfair version of events is that PSP were named to me "as one of the options".
Btw, PSP transferred 10497 Euros to my account this week, first payment from them in a long time if you exclude those 3K. But still I am not very optimistic about the future. And betfair... the last letter I received from them on this matter was from May 4. Thats the full letter

Dear *****,

In response of your query, Betfair would like to use this opportunity to provide information referring to your withdrawal inquiry.

Betfair has been dealing with this request for the past month, and we can assure you that we have completed the necessary operations to meet the your demands. The continued delay in receiving payment has been caused by problems encountered by the third party payment services provider (PSP) that the customer uses to fund your account.

Unfortunately, there was a month’s delay in getting the funds across to the PSP as a result of the transaction size and the used currency. However, the amount has now been transferred to the PSP which is currently in the process of paying to you. We understand that the PSP is doing everything possible to process the payment to yourself but the amount due means it is taking longer than anticipated as a result of local banking processes. Whilst Betfair has completed its obligations by paying the winnings to the PSP it continues to liaise with you and the PSP to try and ensure payment is made to you as soon as possible and you is kept up to date on progress. Unfortunately international payments of this size can prove complicated to process as has proved to be the case in this instance. Although frustrating we believe the money will be paid as quickly as possible and we are asking you to remain patient while the matter is resolved.

We also recommend that you would liaise with PSP to have provided with payment schedule and possible timeframes of the completion of the transfer of the remaining balance.

We hope this information will be useful.

[anty]

assumption 2 is insignificant, it does not make a difference if his account was moved or if he was given a new one

as for number 1, there is no assumption, it has been already been explained what the role of the psp is, the psp is the middle man between betfair and the customers, the customers deposits and withdraws through the psp and uses the psp account to place wagers. the psp receives commission from betfair

the guy withdrew and the psp is holding his money, probably earning some hefty interest on it while the op will have to wait years to see HIS money, if he ever sees it

I didn't use psp account to place wagers. I placed wagers myself on my own account.
The only difference between normal account and sub-account is when you are withdrawing or depositing. Instead of withdrawing through moneybookers, wire transfer or another method I simply clicked "transfer to master account". And then master account holder had to pay me...

[Hareeba!]

I didn't use psp account to place wagers. I placed wagers myself on my own account.
The only difference between normal account and sub-account is when you are withdrawing or depositing. Instead of withdrawing through moneybookers, wire transfer or another method I simply clicked "transfer to master account". And then master account holder had to pay me...

Well that's something I'd never have gone along with unless I'd had due diligence done on the master account holder.

[Scooter]

You were wagering thru a Betfair account, and with their knowledge and thru their suggestion were using a PSP for deposits and withdrawals.

Hard to understand how Betfair can have no responsibility.

[bettilimbroke999]

**** NOW you tell me, I just cashed out 4 million last week (hit a 20 team MLB parlay), its gonna take FOREVER to hit my bank account

Oh well next time I cash out 4 mil I'll know better at least, but man its hard when you cash out millions every week from the books to deal with all these hassles, I cant believe they limit withdrawals to only a million a year

[thespeculator]

if it is legal in the country receiving the money, as it has been stated, then would it not just be a matter of the psp sending a wire,

why would betfair say moving this amount is complicated,,

hope you get paid in full and next time go with a direct payout

[Hareeba!]

You were wagering thru a Betfair account, and with their knowledge and thru their suggestion were using a PSP for deposits and withdrawals.

Hard to understand how Betfair can have no responsibility.

As I understand the story what actually happened was that A had some difficulty with getting funds to and from Betfair promptly (and that's another thing we haven't been fully informed about) so he asked them what he could do about it.

They provided him with some options, one of which was this PSP mob which he chose to go with. Whether that amounts to a "recommendation" is another thing.

I consult my stockbroker about which companies I should invest in. He provides me with several options from which to chose. I can't expect him to reimburse me when one of them goes belly-up.

Amongst the number of things none of us know (even that mushroom character) is what nature of due diligence and questioning of Betfair about the bona fides of those guys was ever conducted by A.

[anty]

As I understand the story what actually happened was that A had some difficulty with getting funds to and from Betfair promptly (and that's another thing we haven't been fully informed about) so he asked them what he could do about it.

You are wrong again. I didn't ask anything, just one day I had an email from mr Asathridis suggesting there is another option better than wire transfers that I used at the time. Thats all.

[anty]

I consult my stockbroker about which companies I should invest in. He provides me with several options from which to chose. I can't expect him to reimburse me when one of them goes belly-up.

Wrong example. They are just payment providers, its up to betfair to check their credibility if they sign a contract with them. Why should I do it myself?

[Dark Horse]

As I understand the story what actually happened was that A had some difficulty with getting funds to and from Betfair promptly (and that's another thing we haven't been fully informed about) so he asked them what he could do about it.

They provided him with some options, one of which was this PSP mob which he chose to go with. Whether that amounts to a "recommendation" is another thing.

I consult my stockbroker about which companies I should invest in. He provides me with several options from which to chose. I can't expect him to reimburse me when one of them goes belly-up.

Amongst the number of things none of us know (even that mushroom character) is what nature of due diligence and questioning of Betfair about the bona fides of those guys was ever conducted by A.

Did you really just compare investing in a stock with a payout from a sportsbook?! The guy is done investing/betting. He won. He wants his money.

[Hareeba!]

You are wrong again. I didn't ask anything, just one day I had an email from mr Asathridis suggesting there is another option better than wire transfers that I used at the time. Thats all.

So you never made any sort of complaint before then ?
(I find it very difficult to believe that such an email would have come from Betfair "out of the blue")
What other options did you look at before that ?
Please remind me who Mr Asathridis is.
What other options did he suggest you could use ?
What nature of due diligence did you undertake before deciding on PSP?
Did he not not include Moneybookers or Neteller amongst possible solutions?
Did you not know of them or were they not available to you?

[anty]

No other options were suggested. The rest of the questions I answered already.

[Hareeba!]

Did you really just compare investing in a stock with a payout from a sportsbook?! The guy is done investing/betting. He won. He wants his money.

No I didn't.
Please re-read what I said.
It was about suggested options for me to make up my own mind (and take responsibility for) before proceeding.

[Hareeba!]

No other options were suggested. The rest of the questions I answered already.

very helpful!

I've read ever word you've posted and reckon I've got a pretty good grasp of your story but please don't expect me to go and do it all over again.

I certainly don't recall you ever explaining to what extent you researched these PSP people.

[Dark Horse]

No I didn't.
Please re-read what I said.
It was about suggested options for me to make up my own mind (and take responsibility for) before proceeding.

Yes, you did. I assure you that I wouldn't have come up with such a juicy comparison myself.

You very clearly suggested that there was risk involved in the money getting from A to B; similar to a stock trade. And you suggested that the player may be responsible for that risk.

Your line of reasoning is a complete waste of time, but if you enjoy it, even if someone else is waiting for his 3 million, I suppose that nobody can keep you from taking the stage.