Way to handle the really tough questions.........

Shane,

When the check moves from verified to processed does the status change in the cashier or do you receive an email or both?

Just curious what to expect as back in Febraury my WU was canceled and I had to take the route of requesting a check. Thx

Tomorrow marks the 150 day of my cash out request from January 19. How do you recommend I celebrate such occasion Shane?

So I use to play on Lock like 2 years ago and thought there were no cashout problems. Well in the past 2 months I started playing again, deposited a little bit of money and finally hit big on the Sunday tourney and some cash games. I have like 18k now. What would you guys recommend me doing??? Just waiting to cash out 3k per quarter like a stock dividend lol... or doing something else with it?

You will be lucky to get a payment every quarter. At Lock's pace it would take 3 years to receive all that money by WU (even longer by check). I would seriously considering selling some of it in the market place to at least get some of your money off Lock. I think it is fair to say that Lock is not on solid financial footing and it wouldn't be a surprise to anyone (except Shane) if Lock decides to stop dealing the cards.

Actually, it's 151 days as of 6-18-13...but who's counting?

There's still an outstanding WU payment of 162 days. That's incredulous.

P2P transfers. Your 18k is worth $7,200...but, you'll get it all now as opposed to breaking it into payments over the next 6 months to a year. Guess it just depends on your need of the funds.

This is such a sad situation, but I know it happens every Sunday. Lock offers games that pay 5 figures without a way to pay the winners. Unfortunately your looking at 3k/6 months. So in 3 years you might receive it all. You could sell your balance at around .40/1 but you would be giving up nearly $11k. All options are bad.

The most reasonable thing to do is keep money for ~2 (3 at max) cashouts, sell off all other money and if when u received your cashouts u have nothing left to cash out, u can still buy up funds again at about the same rate. Insurance (you're sure u get at least something) by having the least amount of $ onto your Lock account at any given moment and have real cash available instead.

The only "bad" thing that could happen is if the Lock prices go back up massively then u lose out some.. but the positives outweigh the negatives by far imo.

But what's to keep the more recent "2-4 months" timeframe on payouts? What new bout will befall our heroes that might hold up the next round of cashouts? The track record over the past 8 months speaks for itself. As I say, if you can wait and not mind it, then sure - cash out through the regular channels. But how many folks can wait for upwards of 5-6 months if things slow down again?

You've got a pending WU cashout at 162 days and counting. And that's just one that I know about. I'm sure there are others, to say nothing of checks. How can you see that, and the standard wait-time over the past eight months (I mean really...how far back should we go to get a "real look" at what the timeframes are?), and recommend a cashout through check/WU at this time? I tell folks about P2P because, though you take a hit in vig, you get money now and circumvent this atrocious system in place.

If you put in $1,000 (hopefully via P2P, since that only cost you $400) and are up to $10k, of course it sucks to see that and know a P2P trade will only yield you $4k. But that's $3k profit, in your hands in 24-48 hours or less given your transfer limits.

The only "insurance" right now is cash in hand. Lock hasn't exactly done a great job making people feel secure about the money the put/have on their skin. I mean, aside from just tapping out and moving to a new room, realize that your funds are worth .4 in trading and reload/transfer out accordingly. Why even subject yourself to the lottery of Lock's cashout system? What have they done to reassure players that things will be better now, or in the future?

Thank you for making a long winded post, thinking you disagree with me, while in actuality you explain how you agree with me?

Completely agreed, aside from possibly leaving cash for 1 more cashout in your account so you can play and cash out again immediately once the previous one arrived.

For all other $ it's smartest to sell off, after all, you can buy back later at around the same rate anyway, so no loss doing that (aside from the 15% rake req. but with RB that's more like 6% or so actually paid.)

LOL, I almost spit out my iced tea.

Shane's famous for this, tons of threads with selectively answered questions.

How do you get your check before me when I requested mine on 12-26??? UNBELIEVABLE!

Requested a cashout on 1/25 and my status is still at verified

Again, your check has not cleared just because the bank has made the full amount available.

That said, I haven't seen reports of recent Lock checks bouncing so you are probably okay, but you need to understand it takes 7-10 business days at a minimum for a check to fully clear.

Do you know how quickly it takes from 'we are giving your payout a high priority' to actually getting a check?

Has anyone gotten a check in under 4 months this year?

I feel sorry for you. Hope you can get your money before the company run out of business. You should email support everyday to put maximum pressure on them. I think it is unethical for site to scam people's money like this. The online poker world is full of scammers.

From what I've seen on here, checks are far and away the slowest method of payment they currently have. I think the average wait is like 120 days or something ridiculous like that.

Plenty of people have been told "you are a priority cash out" or "your check is in the next batch" from customer support and had this been a complete and total lie.

Your best bet (such as it is) seems to be to post in the 4 or 5 month cash out thread and ask to be placed on the list of people that Shane says he is tracking. In that case, at least, when he says that your check is DEFINITELY in this next batch it appears to be far more likely to be true than when some rando over as support says it.

Which is obviously ridiculous, customer support should be able to provide accurate answers for customers, but this is Lock we're talking about here. If they were actually honest with customers their tiny little heads would explode.

WOW if they are just processing January checks, I am never going to get my WU from 4/28. That sucks to anyone who had to wait 6 months for their cashout.

Reported on 2+2 checks received from Lock since May 1st:

Rec'd 5/24: Req'd Dec 15th 160 days
Rec'd 5/24: Req'd Dec 10th 165 days
Rec'd 6/10: Req'd Dec 4th 188 days
Rec'd 6/10: Req'd Dec 12th 180 days
Rec'd 6/14: Req'd Jan 11th 154 days
Rec'd 6/17: Req'd Jan 28th 139 days

Can't speak to Jan-April personally at this very second, but to answer your question: not anyone recently who's reported it here.

cashout request
1/30/2013
verified 4/9
still not received, 1 week from 5 months.

play under the name graider

could you please look into it Shane.
Thanks

losing hope, living on a prayer.

Just a reminder for anyone who is interested - I have started adding pending Lock cashout wait-times (2 months and up only) to the Daily Market report in the Internet Forum to help better track and show precisely what's going on. I've got 33 individual persons (SN's omitted) who've submitted for the report thus far and I'm not grabbing posts from this or the check thread because some might not post when they receive (which would contaminate the accuracy of the data) - so, I'm asking for PM's per the instructions in the Market thread here: http://forumserver.twoplustwo.com/sh...&postcount=108

Hopefully if I get more of an accurate account and continue to track it, it will bring more awareness to the issue and force more prompt resolutions. Hopefully, anyway.

Requested: 3-12-13

Processed: 4-20-13 saying 7-10 business days via FedEx

Received: still waiting??

still waiting from early dec. keep getting bs emails. not really counting on this $1200 coming at this point.

if it does im gonna go play some event in latin america as a "freeroll" punta cana perhaps?

So I'll be looking forward to my April check sometime in September. Cool. Here's hoping they don't find another random excuse to not pay me thousands of dollars in the meantime(they like to do this apparently).