There are a handful of reasons for this.
First - It's not just as simple as us writing a check and sticking it in the mail. I don't really think it ever was, but certainly not in this environment. We have processors write the checks for us after we send them a list of the ones to go out. Any time you add more layers of beaurocracy there are delays. When I worked at Sprint and sent in my reimbursement reports, they often didn't show up for 2 weeks to a month depending on the pay cycle, even though they could have easily reached into petty cash and paid out some of the amounts I was requesting. There was also often a 2-4 week delay from the time I actually worked until the time i was paid for it.
Sure, in all those cases they could have easily written me a check right then, but there are processes it had to go through. To be perfectly fair though this part of the process (sending the list to our processor and having them cut the checks) only takes 2-5 days most of the time.
Second - Every cash out has to go through an audit process on the account prior to approval. So when you request a check, it goes into a queue, and our security team checks the account for any unusual activity prior to cash out. this is important for everyone's protection, as this is one of many ways we catch users who are involved with scams, hacking accounts, and other things of that nature as well as general fraud and cheating.
For most accounts this is a very fast process, for some it is more time consuming. Prior to June (or whenever exactly it was we started doing casino side cashouts for poker players) this volume was extremely low, and requests on the poker side were handled by Merge security. We've literally had a 1000% increase in casino volume in July and our security team has other responsibilities including the audits necessary for checks. Originally this was a ~48 hr process which is now a 7-10 day process just based on volume. For that number to change either the amount of incoming requests has to change or the amount of people working on the security team has to change. We're working on the latter, and now that the network/poker side is doing a little better the former should start to take care of itself a little. We take security VERY seriously as we should, so we can't really just pull people off the street and have them immediately involved, but we're working on getting them up to speed so we can bring the process back down.
so if you look at the things listed:
7-10 REAL days for requests (this is a somewhat vague number that could probably read 2-14 days depending on volume). This is typically the time you see your request in 'requested' status.
2-5 BUSINESS days (could be a few more real days, the processor is basically a bank and works banking hours) for the processor to process the check
3-5 BUSINESS days (although I think FedEx works on saturdays, I'm not 100% sure) for delivery.
This is where my ~3 week time frame comes from. When requests were taking ~48 hrs to get approved on our side that's when the whole process was taking 7-10 days. The extra time is on our end and we're working on bringing that down, but hopefully this adds a little insight into the whole process.
This is also why eWallet cashouts are so much faster. 5-10 days are cut out of the process as we don't have to engage a separate processor to cut the checks.
-Rizen
Quote:
Originally Posted by LotsOfOuts69
Maybe Rizen can provide some insight on the cashout timeline for me because I dont really understand what could cause 3 week delays on checks.
I mean, i understand the verification process etc. and how that might take a few days to a week to finalize.
But lets say i am a verified player, presumably you have all our deposits is some account that is seperate from other money. If I want to cash out $500 or something, why cant there be a check sent to me tomorrow? I know there might be alot of cashout requests, but hell for $25 a pop I will sit in my bedroom and hand write out these checks/envelopes and bring them to the post office for you. It cant just be that there is a "backlog", how long does it take a computer to print out a check with my address on it and stick it in an envelope?
Is there some limit that the processor has? Like only x amount of checks allowed per day?
I dont mean to come off poorly here, I really am just curious on what the exact holdup is, and what is occurring during these 2-3 week "processing" times.