Sportsbook.com Payout

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Sportsbook.com (SBR rating D+) gives update on lost batch of payouts
Sportsbook.com management states that the large batch of bank wires from March 21st was scheduled to be sent on April 4th, but was lost by processors and has just recently been recovered. Sportsbook.com is claiming the withdrawals were resent on April 24th. SBR estimates that, if the process was successful, players will see the funds in their bank accounts no earlier than May 8th, two weeks after the latest execution date. Management has also informed SBR that two processing companies are assigned payout requests based on withdrawal amounts. One is handling transactions for $2500 or less and the other is designated to sums above $2500. Some recent $2500-or-less payments have been confirmed by players in under a week. Payments above $2500 are currently facing a processing time of three weeks according to management and recent history suggests further delay is possible. Large balance holders requesting new withdrawals may benefit from doing so in multiple installments below $2500.

Player: Ok, so I've been singing the praises of sportsbook.com lately, but....I cashed out for $3600 last Friday and was wondering why my withdrawal had not yet been processed.

Today I get an email from sportsbook that says:

"Thanks for your recent withdrawal request.
We wanted to let you know that your withdrawal for $3,641.00 requested on 2/23/2007 has been processed. However, there’s a slight delay in getting the check out to you. Sorry about that.
You should receive your check within the next 10-12 business days, but don’t hesitate to contact us via email or use our live chat service to get an update on your payment's progress."

I talked to one of the live chat ppl and they said:
"Unfortunately there is a delay in processing withdrawals due to the fact we have changed to a new processor. This change was made to improve our customers security."

Lately sportsbook has been great about processing withdrawals quickly. But with all that's been going on in the industry, I'm worried that I'm about to get screwed. Does the payment processor thing sound like a legit excuse to people? I guess I can understand it. Maybe I am being paranoid?

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