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RPM Poker & Your Funds RPM Poker & Your Funds

07-13-2011 , 08:48 PM
It's now corrected. Hmmmm......
07-19-2011 , 08:03 AM
and now its completely gone. I sent a letter to the LGA about it. Maybe they had them remove it?
07-19-2011 , 05:02 PM
Quote:
Originally Posted by ponyone
and now its completely gone. I sent a letter to the LGA about it. Maybe they had them remove it?
It's on the website; there was a typo in the image which has since been corrected. You guys don't miss a thing!
07-19-2011 , 05:17 PM
Ok I'll bite, Seth we care because we want LGA license. Is it true .. just confirm the license and we will drop it. Any extra assurance of funds is always a good thing at this time. (Love the support, love the site).
07-19-2011 , 05:20 PM
So how long is cash outs taking nowadays?
07-19-2011 , 06:37 PM
Quote:
Originally Posted by dmyers1166
Ok I'll bite, Seth we care because we want LGA license. Is it true .. just confirm the license and we will drop it. Any extra assurance of funds is always a good thing at this time. (Love the support, love the site).
I was poking a bit of fun

Yes, the license is valid, somebody missed a "T" somewhere!
07-19-2011 , 07:17 PM
Thanks Seth, a little more security .. now open up to US pool so we can get some new depositors.
07-25-2011 , 12:27 PM
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
09-17-2011 , 07:50 AM
Quote:
Originally Posted by dpain
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
I would like to know this as well. As the FTP situation shows, this is a very important point for players to feel secure playing on any site.
09-18-2011 , 10:57 AM
Quote:
Originally Posted by dpain
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
Also, is the segregated account designated in some manner as a trust account holding player/client funds?
09-18-2011 , 02:37 PM
Quote:
Originally Posted by overrdose.
It's all good and dandy that funds are help in separate accounts,but if you guys never payout whats the difference?

In before this post is deleted like all other posts that dont praise RPM

Everyone bashed this guy but I have to agree with him on the posts being deleted. I agree that pessimistic nonsense and rumors should be regulated and maybe deleted by the mods, but they have taken the mod privledge too far in order to save the RPM name and encourage new deposits. 2+2 should be a non-bias platform where anyone can contribute news/opinions in order to inform the poker world. I attempted to post my personal experience with RPM and it was immediately deleted. I think the sponsored forum is more an ad for the site rather than a true source of information.
09-18-2011 , 03:13 PM
Quote:
Originally Posted by CharlesCash
Everyone bashed this guy but I have to agree with him on the posts being deleted. I agree that pessimistic nonsense and rumors should be regulated and maybe deleted by the mods, but they have taken the mod privledge too far in order to save the RPM name and encourage new deposits. 2+2 should be a non-bias platform where anyone can contribute news/opinions in order to inform the poker world. I attempted to post my personal experience with RPM and it was immediately deleted. I think the sponsored forum is more an ad for the site rather than a true source of information.
Um, yeah... they are paying 2+2 after all, so it is a sponsored forum, whether or not they act like it is one.

As far as the withdrawal issue, that's the only reason I haven't deposited. Get withdrawals regularly under 2 weeks for checks, then I'll think about depositing.
09-20-2011 , 07:39 AM
Quote:
Originally Posted by dpain
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
Quote:
Originally Posted by PokerXanadu
Also, is the segregated account designated in some manner as a trust account holding player/client funds?
bump.
09-20-2011 , 07:55 PM
Quote:
Originally Posted by PokerXanadu
bump.

Do you think this get answered? Deleted - Maybe! , Answered - No!
09-20-2011 , 07:58 PM
Quote:
Originally Posted by CharlesCash
Everyone bashed this guy but I have to agree with him on the posts being deleted. I agree that pessimistic nonsense and rumors should be regulated and maybe deleted by the mods, but they have taken the mod privledge too far in order to save the RPM name and encourage new deposits. 2+2 should be a non-bias platform where anyone can contribute news/opinions in order to inform the poker world. I attempted to post my personal experience with RPM and it was immediately deleted. I think the sponsored forum is more an ad for the site rather than a true source of information.
My sentiments exactly, Seth deletes just about everything he can where RPM isnt shed in the best light. I mean hell he wont even allow you to mention the subject poker article in his forum yet in the lock forum there was an open discussion about it.
09-22-2011 , 02:27 AM
Quote:
Originally Posted by dpain
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
This question was only asked in July, Lol, I know the answer is coming soon!
09-25-2011 , 03:50 AM
Quote:
Originally Posted by dpain
Does RPM actually keep the funds segregated? I know Seth said that the player funds are safe and are not used for operating expenses but that still does not answer the question of are player funds in a segregated account.
Quote:
Originally Posted by Sonny Weblin
I would like to know this as well. As the FTP situation shows, this is a very important point for players to feel secure playing on any site.
Quote:
Originally Posted by PokerXanadu
Also, is the segregated account designated in some manner as a trust account holding player/client funds?
I'm interested in this as well.
09-25-2011 , 06:35 AM
^+1
09-25-2011 , 11:52 PM
lol
09-26-2011 , 11:35 AM
Quote:
Originally Posted by RPMSeth
Player funds and operational expenses are segregated. This has always been the case, has been stated many times before, and remains unchanged.
This is also required as per the terms of Merge Gaming's licensing agreement with the Malta LGA.
09-27-2011 , 06:22 AM
Quote:
Originally Posted by RPMSeth
This is also required as per the terms of Merge Gaming's licensing agreement with the Malta LGA.
Here are the questions you still haven't answered:

1. Are the "segregated" player funds actually held in a segregated financial account, i.e. a financial institution account that holds only the player funds? (Your answer could just mean that the funds are separate in your accounting methods, but not actually physically separated into separate financial institution accounts.)

2. Is this account designated in some way as a trust account holding player/client funds? (Such as by the title of the account or the type of account.)

Yes, the LGA license requires this of Merge. We are asking if RPMPoker is in compliance with this, or if Merge is in complete compliance with this if the RPMPoker player funds are pooled with all Merge network player funds.
10-04-2011 , 01:59 PM
I want to play on this site but I need these Q's answered.
10-05-2011 , 12:41 AM
Quote:
Originally Posted by PokerXanadu
Yes, the LGA license requires this of Merge. We are asking if RPMPoker is in compliance with this, or if Merge is in complete compliance with this if the RPMPoker player funds are pooled with all Merge network player funds.
The license extended to the Merge Network by the LGA covers RPM Poker and all RPM Poker player funds, and the terms of this license require player funds to remain segregated from operational expenses.
10-05-2011 , 07:06 AM
Quote:
Originally Posted by RPMSeth
The license extended to the Merge Network by the LGA covers RPM Poker and all RPM Poker player funds, and the terms of this license require player funds to remain segregated from operational expenses.
Thanks for this response, but once again you have failed to answer anything. Saying that it is a license requirement of the LGA is not the same as saying that RPMPoker is in compliance with this license requirement. Your response also didn't answer these specific questions:

1. Are the "segregated" player funds actually held in a segregated financial account, i.e. a financial institution account that holds only the player funds? (Your answer could just mean that the funds are separate in your accounting methods, but not actually physically separated into separate financial institution accounts.)

2. Is this account designated in some way as a trust account holding player/client funds? (Such as by the title of the account or the type of account.)

It's pretty simple, Seth. You can say "yes" or "no" to each of these two questions. They are straightforward, unambiguous questions.
10-05-2011 , 09:56 AM
Quote:
Originally Posted by PokerXanadu
Thanks for this response, but once again you have failed to answer anything. Saying that it is a license requirement of the LGA is not the same as saying that RPMPoker is in compliance with this license requirement. Your response also didn't answer these specific questions:
Merge Gaming is in full compliance with the license requirements of the Malta LGA. Merge Gaming handles deposits, withdrawals, and holds all player funds on behalf of RPM Poker, as has always been the case. I'm unable to answer specific questions about Merge Gaming's banking methods; what I can tell you with certainty is that player funds and operational expenses are never mixed, and player funds have always been safe and secure. This remains unchanged.

Last edited by RPMSeth; 10-05-2011 at 10:04 AM.

      
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