BILL, As I mentioned previousy I CAN UNDERSTAND the slow payouts of backlogged accounts but I CANNOT UNDERSTAND that the POST TAKEOVER payout I requested 7/30 has not yet been processed and as of YESTERDAY they have NO TIMETABLE as to when I might receive it! They offered me a 40% bonus to cancel it and redeposit it into my account which indicates to me it has not even been sent to the processor yet! ( which I declined ). They are also not paying their own BOL players and making the same offers! That is why I see it as a $$$ issue and not a " bottleneck " issue! I am now owed backlogged payouts AND current payouts!!
Comment
mideb01
SBR Rookie
07-10-12
20
#147
I ALSO requested 25% of the backlogged payout due 8/15 and have not received ANY info as to when to expect it!
Thanks for the explanation, it makes me feel much better. Hopefully this is the case and we all get paid.
Comment
Bill Dozer
www.twitter.com/BillDozer
07-12-05
10894
#149
Originally posted by mideb01
BILL, As I mentioned previousy I CAN UNDERSTAND the slow payouts of backlogged accounts but I CANNOT UNDERSTAND that the POST TAKEOVER payout I requested 7/30 has not yet been processed and as of YESTERDAY they have NO TIMETABLE as to when I might receive it! They offered me a 40% bonus to cancel it and redeposit it into my account which indicates to me it has not even been sent to the processor yet! ( which I declined ). They are also not paying their own BOL players and making the same offers! That is why I see it as a $$$ issue and not a " bottleneck " issue! I am now owed backlogged payouts AND current payouts!!
Read the post I linked to for an expanded explanation but in short...Sportsbetting.com has 1.5 million more in payouts pending that BOL has to move than it expeced. Your payout adds to that and you aren't necessarily in front of that line. BOL players are their original players and logic would say they are in front. However, if one of those players who is eligible for a bonus will pass on their payout, it does help others like you move up. Don't take these explanations Im posting as making excuses for them. Im just passing it along. Ideally BetOnline protects their book name by knowing what they are getting into when they do an acquisition. They took on the new players and should be able to perform to their prior standard right away. But as I said in the other post, their handling of acquiring Sportsbetting was a blessing in disguise for players. A broke book got a paying book to put their name on it and the debt from the start. Sportsbetting had nearly 2 million owed to players not counting balances that weren't requested yet.
Comment
Yoshko
SBR Rookie
06-19-12
26
#150
Originally posted by Bill Dozer
Read the post I linked to for an expanded explanation but in short...Sportsbetting.com has 1.5 million more in payouts pending that BOL has to move than it expeced. Your payout adds to that and you aren't necessarily in front of that line. BOL players are their original players and logic would say they are in front. However, if one of those players who is eligible for a bonus will pass on their payout, it does help others like you move up. Don't take these explanations Im posting as making excuses for them. Im just passing it along. Ideally BetOnline protects their book name by knowing what they are getting into when they do an acquisition. They took on the new players and should be able to perform to their prior standard right away. But as I said in the other post, their handling of acquiring Sportsbetting was a blessing in disguise for players. A broke book got a paying book to put their name on it and the debt from the start. Sportsbetting had nearly 2 million owed to players not counting balances that weren't requested yet.
I think they are facing financial problems. They have the options to go anywhere in the world and incorporate a business that will allow them to move money around. Somewhere in Europe or Asia would be nice for them to setup their own payment processing center that would speed up payment, but they are greedy because they would like to have all the profit for themselves.
How can you run a business that will only accept incoming funds only, but there is no channel for outgoing fund? Is that a business? Sooner or later you the business will close. I think they are running the business as a Ponzie at the moment because they are waiting for new deposit from players in order to pay some players. If the have enough money they could have paid everyone full amount they are owing players -and not only 25% .
Comment
PLA
SBR High Roller
02-20-12
212
#151
Finally got the fukin tracking number, will arrive 9/4
Comment
Hap
SBR High Roller
10-20-07
209
#152
Got an email today that my 6-week old courier payout request has been processed. No tracking number or estimated delivery date. This is progress, but I am not counting chickens before they hatch.
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mideb01
SBR Rookie
07-10-12
20
#153
Was that a POST TAKEOVER request? I made one 7/30 and still waiting? Keep us posted! Maybe football $$$ gets us paid!!
Comment
Hap
SBR High Roller
10-20-07
209
#154
Originally posted by mideb01
Was that a POST TAKEOVER request? I made one 7/30 and still waiting? Keep us posted! Maybe football $$$ gets us paid!!
Yes, post takeover requested 7/21
Comment
PLA
SBR High Roller
02-20-12
212
#155
I received the money orders on Friday. They gave me the wrong tracking number
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Hap
SBR High Roller
10-20-07
209
#156
Fedex left a note on my door, needing a signature. Maybe? Should know tomorrow when they try again.
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Harmy G
SBR High Roller
02-10-10
210
#157
Just got an email from Lars about my post-takeover request from 7/20 (low four-figures max req). Was requested thru one method but now they are using another. Said I should get it within the "next 12 to 36 hours."
Comment
Hap
SBR High Roller
10-20-07
209
#158
I got a check. I will deposit tomorrow and hope it clears.
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Harmy G
SBR High Roller
02-10-10
210
#159
After 37 hours, I get an email stating that my payout request will be delayed. Wow, big surprise. "...all information will be send as soon as is ready."
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jrs362
SBR Sharp
09-11-11
288
#160
I spoke with Lester in the payouts department yesterday as I was confirming all my docs were acceptable and he started that check payouts were delayed but didn't offer any time frame when I asked. He "personally" suggested taking payouts via W~U or M~G which he claimed are not experiencing any delays.
Comment
Yoshko
SBR Rookie
06-19-12
26
#161
Be aware that Betonline and sportsbetting.ag will mess you up. They will slow your betting business down by slowing paying you and also force you to withdraw you money through P2P which is very expensive. I will never use this book again and I have instruct them to close my account.
I hedge my bet at Betfair and luckily for me I lost all the money they were owning me. It took me couple of days to loose all my money with them.
I hope every one stop using this book.
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PLA
SBR High Roller
02-20-12
212
#162
Just got email from them with 100% bonus on next deposit
Comment
horseface2721
SBR Sharp
12-21-11
438
#163
Update: got a *********** today by regular mail...requested payout 6/1/12
Comment
Hap
SBR High Roller
10-20-07
209
#164
It has been one week since I deposited the payout into my bank account. No "returned item" letter has been sent by the bank, so I guess it cleared.
Good luck to all in getting your money.
Comment
mideb01
SBR Rookie
07-10-12
20
#165
Its about time! Received post takeover payout of 1K and 25% backlogged payout ** and **! Was told to request balance of backlogged$ next week!
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Harmy G
SBR High Roller
02-10-10
210
#166
Just received a DHL letter from Mexico about a bonus offer that expired on September 10.
Comment
rocky16
SBR MVP
07-22-12
1905
#167
Anyone able to get the remaining 75% out? I've called them and left messages, and I've emailed them and I haven't gotten a response.
Comment
PLA
SBR High Roller
02-20-12
212
#168
Requested yesterday, they cancelled it and asked me to send them ID and utility bill. I told them I already sent those. Then they told me they changed management and need me to send again. So I sent it then requested a new payout. Then they cancelled it again saying I can't request any payouts until tomorrow. I requested another payout this morning, it still waiting for approval. It's pain in the azz trying to get payout from them. This is the money I been waiting since June 3
Comment
rocky16
SBR MVP
07-22-12
1905
#169
Originally posted by PLA
Requested yesterday, they cancelled it and asked me to send them ID and utility bill. I told them I already sent those. Then they told me they changed management and need me to send again. So I sent it then requested a new payout. Then they cancelled it again saying I can't request any payouts until tomorrow. I requested another payout this morning, it still waiting for approval. It's pain in the azz trying to get payout from them. This is the money I been waiting since June 3
I kind of had a feeling they would play that game. Looks like I'll have to deal with the same as you. What a joke.
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PLA
SBR High Roller
02-20-12
212
#170
It's approved Now and they Deducted from my account. Hopefully I'll get it soon
Comment
PLA
SBR High Roller
02-20-12
212
#171
Anyone got their payouts? I'm still waiting
Comment
BestPicks
SBR Hustler
04-04-07
65
#172
Originally posted by PLA
Anyone got their payouts? I'm still waiting
I am requesting one today. what payout method you use? still within their promised timeframe?
Comment
PLA
SBR High Roller
02-20-12
212
#173
I requested 7 business day check. Today is 9th business day, Still no tracking number
Comment
BestPicks
SBR Hustler
04-04-07
65
#174
Originally posted by PLA
I requested 7 business day check. Today is 9th business day, Still no tracking number
That's not good, I assume you paid extra fee for the faster check. I requested wire this morning, and the amount has been deducted and status as "approved" by now. will keep all updated.