Withdraw Cancelled because of Transfer Despite Thousands in Rake - Page 2 - Two Plus Two

How can you possibly say you have been getting on top of cashouts?

Cashout have been taking longer.

I have a friend munch_kin who has just received a cashout after >120 days!

Quote:

Originally Posted by Munch_kin

Max Skrill received today.
Requested 24th December.

~120 days.

Then there are all the guys below who received a cashout this week.

79 days is getting better is it?????

Quote:

Originally Posted by Jah Onion

Max skrill requested Jan 30th
Received today
79 days.

Quote:

Originally Posted by bbfreak

i got 1300 to neteller. after 52 days.

Quote:

Originally Posted by Stake Monster

Received 4k on Skrill today, cashout requested on Jan 24th

Quote:

Originally Posted by supergut

$1200 skrill requested, received today..........63days

Quote:

Originally Posted by Yoshin

Skrill recived today after 82 days.

Quote:

Originally Posted by norfair18

Sent email. Waiting on 10k max skrill since Feb 25, approaching 2 months.

Quote:

Originally Posted by schlep

Any way to know when the next batch will be? Req. Feb 21st skrill.

04-21-2013 , 01:56 PM

#27

thejuggernaut

See my Staking thread

Join Date: Aug 2009 Posts: 4,713

Quote:

Originally Posted by imjustshane

Do you want to post the total value of transfers you received? I have the number here in front of me and when I compare that to your rake amount I can see why your cashout was included in those that were cancelled.

I haven't been told that the decisions aren't final, I have just been asked to get all players to contact security directly with any enquires about this.

Outgoing transfers>>>incoming.

Yours likely goes back further but:

Last edited by thejuggernaut; 04-21-2013 at 02:00 PM. Reason: its obv more than I do on stars/ipoker etc but im managing my exposure a bit

04-21-2013 , 01:56 PM

#28

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Quote:

Originally Posted by MMD

How can you possibly say you have been getting on top of cashouts?

Cashout have been taking longer.

I have a friend munch_kin who has just received a cashout after >120 days!

Then there are all the guys below who received a cashout this week.

79 days is getting better is it?????

The recent cashouts have been going out much faster, and the people who you listed were all the older cashouts that were being cleared away.

Ive heard of Neteller cashouts in under a week recently, moving forward any remaining old cashouts will be cleared and we can focus entirely on speeding up the cashouts as they come in and not dealing with clearing a backlog at the same time.

04-21-2013 , 01:58 PM

#29

LivingOffZSun

adept

Join Date: May 2012 Posts: 793

Quote:

Originally Posted by imjustshane

Actually by getting rid of these guys and getting back on top of cashouts as we have been we can return the value of Lock funds in the trading market to a sensible value.

Wrong, by doing this you now create less demand for Lock funds on the P2P market. Now even less people will be interested Lock money based on that fact that they are essentially buying bonus money that needs to be earned to be withdrawn upon.

You are attempting to bilge a ship that is destined to sink. By differing this guys cash out and others like him you speed up the perceived speed of cash-outs, but your books still hold the same amount of debt. This is all the time I have to waste arguing with your corrupted soul today.

04-21-2013 , 02:02 PM

#30

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

@MMD I think the only way to see if cashout times improve is by gauging the time period verse new cashouts within the last month or so. Yikes, surely they're better than 120 days!

04-21-2013 , 02:15 PM

#31

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

Quote:

Originally Posted by LivingOffZSun

In b4 Lock funds are trading at 25 cents to the dollar.

wow, those guys have to be stopped... don't you think they're taking advantage of the sellers a bit?

the people selling at 25 cents on the dollar would be crazy or stupid. That's just insane.

04-21-2013 , 02:24 PM

#32

ishipkq

old hand

Join Date: May 2012 Posts: 1,479

so sad how poker rooms abuse players like this, and there is nothing we can do (who regulates poker rooms after all)

04-21-2013 , 02:30 PM

#33

TomoDaK

Pooh-Bah

Join Date: Feb 2008 Posts: 5,837

Quote:

Originally Posted by imjustshane

Do you want to post the total value of transfers you received?

Why should his total transfers matter here? He's clearly played enough to meet the play through req for this 10k cashout. Are you saying if he receives 50k he can't cashout any of it out till he meets the play through req on ALL of it?

04-21-2013 , 02:33 PM

#34

MMD

Carpal \'Tunnel

Join Date: Aug 2011 Posts: 6,553

Not to mention he has won $20k during this time.

So players are now not allowed to cashout winnings.

04-21-2013 , 02:34 PM

#35

thejuggernaut

See my Staking thread

Join Date: Aug 2009 Posts: 4,713

I think you might/are likely looking at the wrong account Shane.

Pasted xfer history above also so likely not hard to see, but email starts with "St" if that helps.

Quote:

Originally Posted by TomoDaK

Also this.

04-21-2013 , 02:36 PM

#36

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

Quote:

Originally Posted by ishipkq

so sad how poker rooms abuse players like this, and there is nothing we can do (who regulates poker rooms after all)

I think the "abuse" happens because there are people who make a business out of player transfers when they're supposed to be using it to play and don't play at all.

04-21-2013 , 02:39 PM

#37

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Quote:

Originally Posted by TomoDaK

Quote:

Originally Posted by MMD

Not to mention he has won $20k during this time.

So players are now not allowed to cashout winnings.

Because his total transfers amount implies involvement in the situation we uncovered.

Its not like he received 50K raked 2K and tried to cashout 10K.

The amount he received was mid six figures.

Quote:

Originally Posted by thejuggernaut

I think you might/are likely looking at the wrong account Shane.

Pasted xfer history above also so likely not hard to see, but email starts with "St" if that helps.

Also this.

Im looking the details of the account you sent me previously asking for help with your cashout.

04-21-2013 , 02:44 PM

#38

gadolparah

Pooh-Bah

Join Date: Dec 2009 Posts: 4,356

well its good to know that you at least see emails, even if you dont respond or do anything about them

04-21-2013 , 02:58 PM

#39

champstone

banned

Join Date: Jan 2011 Posts: 1,372

this has to be one of the biggest bs non sense making story ever shane. I mean even on crack nothing you have said explains this. lmao make him play thru 6 figures before he cash out is that what your saying. I mean just say look we have cash flow problems and now have to cut off this way of getting money off for players. I mean you know , I know he knows you cant have row cashing out and your just cutting off p2p so players cant get there money off cause your almost broke. say it say it I know you want to. I mean obv you changed tos if you could before but not now.

04-21-2013 , 03:02 PM

#40

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Quote:

Originally Posted by champstone

We have no problem with players transferring funds, but a few players have been abusing the system causing this crackdown.

The transfer of funds system is in place to assist players wanting to get funds into their accounts, a by product of this is players have the ability to sell funds off to cashout as well.

These players for the most part had zero interest in playing in any manner, they were treating Lock Poker as a trading exchange and to increase their profits they worked together to drive down the value of Lock funds.

04-21-2013 , 03:07 PM

#41

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

@shane

so, a player who is receiving player transfers should know that there is a play through rate before they can cash it out?

and would it make sense that they should regulate the amount of money they receive, because they know they couldn't meet the minimum play through rate?

04-21-2013 , 03:10 PM

#42

JohnFR

veteran

Join Date: Feb 2005 Posts: 3,365

How did they drive down the price, more buyers = higher price, less buyers = lower price.

04-21-2013 , 03:13 PM

#43

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Quote:

Originally Posted by DonSwanLeon

Yes. The bottom line is they should be buying funds to play, if they want to trade in futures then they should join a futures exchange.

04-21-2013 , 03:25 PM

#44

champstone

banned

Join Date: Jan 2011 Posts: 1,372

Quote:

Originally Posted by imjustshane

I can believe some parts of that. I can believe maybe some skins helped cash out row fast to exploit this . but if you had players funds and paid out on time this would be a non issue. plus I wonder if lock would now select some wink ppl for kick back to buy up now at even less price. I have trust problem here.

04-21-2013 , 03:28 PM

#45

thejuggernaut

See my Staking thread

Join Date: Aug 2009 Posts: 4,713

Quote:

Originally Posted by imjustshane

Because his total transfers amount implies involvement in the situation we uncovered.

Its not like he received 50K raked 2K and tried to cashout 10K.

The amount he received was mid six figures.

This is 100% bs Shane.

Net incoming in 2013 is far less than 50k, total incoming is not 6-figures even, and I am trying to cash out less than total profit on the year.

Edit: Once again, I posted my transfer history above.

Last edited by thejuggernaut; 04-21-2013 at 03:34 PM.

04-21-2013 , 03:28 PM

#46

cpar1

grinder

Join Date: Oct 2007 Posts: 541

Anyone have an idea of when they implemented this policy?

04-21-2013 , 03:29 PM

#47

cpar1

grinder

Join Date: Oct 2007 Posts: 541

Also, OP, when did you attempt your withdrawal and how long did it take to get that email?

04-21-2013 , 03:36 PM

#48

thejuggernaut

See my Staking thread

Join Date: Aug 2009 Posts: 4,713

Quote:

Originally Posted by cpar1

Also, OP, when did you attempt your withdrawal and how long did it take to get that email?

Looking now it was requested just under a month ago, received the email today.

04-21-2013 , 03:38 PM

#49

champstone

banned

Join Date: Jan 2011 Posts: 1,372

Quote:

Originally Posted by thejuggernaut

Houston will have a problem.

04-21-2013 , 03:40 PM

#50

TicKinTiMeBomB

banned

Join Date: Oct 2011 Posts: 719

Shane hows the network doing financially lately? better or worst than 6 months ago?

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