Not sure if it would be so bad if they set a floor on their funds at 0.50, just to maintain a little confidence in the system. Kind of like a company doing a stock repurchase when the price gets too low.

Looks like they chose 4. There should be no doubt in anyone's mind about the way Lock operate. I have no dog in this fight so I'm not biased (I'm not even American), it's just plainly obvious. It's not a case of if they're doing anything wrong but how much they're doing wrong and whether or not they'll actually do a runner with player balances. I'd say they will, and that a better question might be how long will it be before they do.

A lot of great posts ITT(none by shane, ofc), especially within the past 30 or so posts.

I dunno, it seems to me affiliates in America have something to fear, to directly quote the article:

Thanks for reply, I think we're talking about the same thing. Yes, there have been delays with affiliates, but it also has been consistently faster.

The following is an opinion, the main reason an affiliate can be paid quicker is because an online casino/poker pays the affiliate from a different account than player funds. At the end of the month, they tally the rake and pay a percentage of the money from an operating expense account.

What does affiliates mean in poker? like someone who sponsor the site, such as lock pro?

here's an excerpt from Wikepedia:

"Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts. "

The poker pros probably have affiliate deals on top of PR contracts. So in some ways they are affiliates. One could say Golf Pro Tiger Woods is a huge Nike Affiliate, but not really in the purest sense because he doesn't get compensated for direct sales performance.

2+2 is an affiliate of Lock Poker and they may also have other agreements in place.

"Operating expense account" is just a construct Shane (or his paymaster) uses to try to explain away why Lock is able to pay its staff and business partners on time but not its players. The reality is that all money Lock has comes from players. Whether or not it goes through an intermediate account has no impact on the ability to process transactions quickly. (If it was that easy then they could simply set up an "Operating expense account B" for paying out players. If Lock pays affiliates quicker than regular players then the reason is that they choose to do so.

Shane, please answer the unanswered questions itt:

(1) Why did you imply that OP was manipulator/scammer when you later admitted you had no evidence of that?
(2) Please link one example of the forum-based manipulation you refer to.
(3) Why do you think one more person saying Lock is busto makes any difference when there are tonnes doing so already?
(4) Why are affiliates given faster cashout times than the rest of your customers?
(5) Do you agree with economics 101, supply-demand relationships?
(6) If Lock has the money then why do you care if players make transfers?
(7) Why do you accept withdrawals but then cancel them a month later (instead of rejecting them immediately if your made up "case by case" requirements aren't satified)?

The player's funds are not an expense. Maybe we should call an accountant in here, what I do know is: Shane didn't make up "operating expense account". It's Accounting 101.

I like Lock, but I dont like their cashouts.

I hate Bovada, but I like their cashouts.

Life is never easy....

Same here. 10 days last time from when I cashed out to when I had check in hand. Cant beat that.

When i first read that i kind of agreed, but if the company has limited cash flow, id be pretty angry if they were using 2p2 to cash people out at 50% instead of processing withdrawals. But i dunno, it might still be better long term if they have any chance of surviving

Lock you do realized that if you just improved your cashout times, you're prolly gonna be the 3rd largest poke site on the net, only behind stars and tilt.

The only reason people even play on winning poker and bovada is because of their cashouts, those sites suck...

Lock is a great site and its sad that they are degrading themselves because they fail to provide good cashout times..

I had a withdrawl cancelled in the amount of 10k four days ago...

I am not one of the people "abusing their transfer priveladges" as they claim...

I have contacted support 3 times now, each time they just copy and paste their TOS...

I am just trying to get an explaination, I understand the freaking TOS, but that is not what I am asking...

This is a complete joke, not sure where to go from here as the security won't even send me a legitamate email explaining my situation... just some generic BS

So tilted as I have done nothing wrong but am getting ****ed..

The biggest joke of this whole situation is that security is NOT trying to hear our cases, or even listen.

No matter how many emails I send, explaining my situattion, trying to clear up my account, which is DEFINATELY NOT one of the accounts abusing privledges, I only get the TOS email..

Has ANYONE recieved a legit email, not just a copy n pasted TOS email?!?!

If they are gonna hold my/our funds hostage, shouldn't we at least recieve a n actual email, and not just some copy n pasted BS that doesnt' at all detail the steps we need to take in order to have the funds available to w/d??

I haven't even had an incoming transfer in over 4 months and I play in some capacity almost every day!!!

I don't know if some affiliates are given preference, but at least for us, we haven't seen a withdrawal to skrill take less than 60 days since last year.

c'mon shane. its been almost two days since you last posted in this thread. at least come in here for posterity and tell everyone you'll chase it up for them.

Give more details on how this 'affiliate' scam was being perpetuated and why you are just now putting a stop to it. It sounds to me like it isn't just the 'affiliates' being affected but also the players and 'horses' who sent and received transfers from these 'affiliates', that is why the net seems to be so big. Plus it takes some time to do a thorough investigation on each transfer that was made in the past to see if it was done in a way that links these players to these faux 'affiliates' who were abusing the system.

I've had similar problems with women in the past, as have many I'm sure. Decisions decisions.

Quick update::

Another day has gone by and I have still heard nothing from lock security beyond the TOS copy/paste.

Not sure how this isn't a top priority.


Lot of good posts above.

I'm on 2+2 daily and will make very certain this thread doesn't go anywhere.

I have sent numerous emails as well and all I get in response is the TOS.. so frusterating.. Each morning I get a response around 10am with the same song and dance..

Pure conjecture but worth noting that:

At this point it seems that Lock has simply done a mass cancellation of all of the moneybookers cashout requests over X amount of dollars. Probably something like every $8,000+ moneybookers cashout has been cancelled without any regard amount wagered etc., amount won, transfers or not. This is only a guess, but a friend of mine who has never received a single transfer just had his 10K MB cashout denied. He got the exact same form letter which is hilarious because he probably has something like $5K-$15K in tournament FEES alone per month and is one of the bigger winners and heavier volume guys on there. Again, he has never received a single transfer to his account and they cancelled the withdrawal request after 7 weeks and cited it was due to breaking article 13 etc, etc.

I'm guessing they just want legit winners or grinders who have plenty of volume for cover play to email them and they will review and process those.

Delays will just compound and compound though while they sort through this mess they created.

But this is money on their site, not stocks. They are obligated to pay 100% for the money if you cashout, so them delaying/making withdrawals take forever and then abusing that to only pay 50c would be super unethical and it's not close. If they can get 50c payments asap to people they can do the 100c payments they're required to do just as fast.

What the **** is the deal with everyone's large cashouts getting canned?

This is getting ridiculous. Everyone that requests a 10k cashout is scamming the system now?

shane, you are wrong about this. you and your Lock people have it backwards. maybe you understand how to run a pokersite (questionable), but you surely don't understand financial markets

fact is, since this thread has started, the going rate for Lock funds has DROPPED below 0.50.

you are doing it wrong. you should be praying for affiliates or others to provide liquidity for your operation