March 2013 - New payment processing options??? - Two Plus Two

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March 2013 - New payment processing options???

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02-25-2013 , 06:46 PM

JonathanFisk

grinder

Join Date: Mar 2012 Posts: 538

http://www.gambling911.com/poker/som...gy-022413.html

Someone posted this on P5s and think it deserves it's own thread here. Basically talks about the player segregation, but the last line is what I want further details on.

"Gambling911.com was also informed that new payment processing options will be available starting next month (March 2013) for Lock Poker VIP players, including bank wires and checks with much higher limits"

Is this true?
What are the options?
Minimum level of VIP for certain options?
Estimated processing/delivery times?

And any other information that maybe Shane can inform us on now...

02-25-2013 , 06:49 PM

Chazley

old hand

Join Date: Jan 2009 Posts: 1,827

Been saying for a long time that if cashout times for Lock improved, their site would explode. Let's see if they pull through.

02-25-2013 , 06:51 PM

300zxrider

veteran

Join Date: Jul 2008 Posts: 3,085

I think this was an idea that they mentioned a long time ago for the Black VIP Elite players. If I remember correctly, it was $7,500 max for the check and I can't remember what the bank wire limits were.

02-25-2013 , 06:52 PM

JonathanFisk

grinder

Join Date: Mar 2012 Posts: 538

I'm sure Shane will come in and say that they were HOPING to get the new options for March but looks like it will be another month until the devs can get it setup. Then wash and repeat month by month

02-25-2013 , 07:27 PM

c.tewell56

centurion

Join Date: Sep 2012 Posts: 117

Quote:

Originally Posted by JonathanFisk

I'm sure Shane will come in and say that they were HOPING to get the new options for March but looks like it will be another month until the devs can get it setup. Then wash and repeat month by month

Lol

02-25-2013 , 07:42 PM

aintnobodyrilla

grinder

Join Date: Oct 2010 Posts: 402

this would be awesome, and i hate to say it, but ill believe it when i see it

02-25-2013 , 09:12 PM

kowboys4

Carpal \'Tunnel

Join Date: Jul 2009 Posts: 9,764

I can't rake that much but that would be such good news if true.

02-25-2013 , 09:16 PM

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

I havent been cleared to give the finer details yet, but looks like its all set to go live March 1st.

It will be pretty exclusive and reserved for the players we especially want to take care of.

02-25-2013 , 09:19 PM

kowboys4

Carpal \'Tunnel

Join Date: Jul 2009 Posts: 9,764

Quote:

Originally Posted by imjustshane

I havent been cleared to give the finer details yet, but looks like its all set to go live March 1st.

It will be pretty exclusive and reserved for the players we especially want to take care of.

I'm sure people will complain about the "Special" players but if it improve how fast people can get money off overall it will be nice. I'd really hate to see this implemented only to see regular checks, WU and ROW cashouts get even slower.

02-25-2013 , 09:22 PM

#10

300zxrider

veteran

Join Date: Jul 2008 Posts: 3,085

Quote:

Originally Posted by kowboys4

Yeah, I don't mind it either. It should help regular cash out speeds too since there won't be as many pending cash outs. It also gives me a big incentive to try to get Black VIP Elite.

02-25-2013 , 09:24 PM

#11

BWillie

veteran

Join Date: May 2005 Posts: 2,645

Quote:

Originally Posted by imjustshane

I havent been cleared to give the finer details yet, but looks like its all set to go live March 1st.

It will be pretty exclusive and reserved for the players we especially want to take care of.

How are you supposed to rake more than $7500 when 1/2+ rarely run anymore due to segregation?

#TimeTo24table20NL

02-25-2013 , 09:28 PM

#12

Jmas8310

journeyman

Join Date: Sep 2011 Posts: 381

the site would make a lot more money and alot more people would be motivated to grind and create rake for the site if EVERYONE got paid out in a timely fashion , not just a select few highrollers

02-25-2013 , 09:30 PM

#13

300zxrider

veteran

Join Date: Jul 2008 Posts: 3,085

Quote:

Originally Posted by BWillie

How are you supposed to rake more than $7500 when 1/2+ rarely run anymore due to segregation?

#TimeTo24table20NL

There's about 20 100nl and 9 200nl games running right now. Mixing 100nl and 200nl it should take around 100k hands to get Black VIP Elite. That isn't too hard to reach.

02-25-2013 , 09:55 PM

#14

xdeuceswild81xx

old hand

Join Date: Aug 2010 Posts: 1,252

subbin in

hopefully some good news by the end of the week, would love to see some more games 50+

02-25-2013 , 10:21 PM

#15

Citizenwid

journeyman

Join Date: Jun 2011 Posts: 261

Quote:

Originally Posted by BWillie

How are you supposed to rake more than $7500 when 1/2+ rarely run anymore due to segregation?

#TimeTo24table20NL

Just play flip tournaments with Mccormickxx I'm sure he needs a partner for next month.

02-25-2013 , 10:29 PM

#16

Citizenwid

journeyman

Join Date: Jun 2011 Posts: 261

Quote:

Originally Posted by BWillie

How are you supposed to rake more than $7500 when 1/2+ rarely run anymore due to segregation?

#TimeTo24table20NL

Also you only have to rake $7000 not $7500 to become elite.

02-25-2013 , 11:16 PM

#17

Ditch Digger

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 9,989

Please, one ****ing time.

02-25-2013 , 11:40 PM

#18

JonathanFisk

grinder

Join Date: Mar 2012 Posts: 538

No way I can reach Black Elite, but this news is good news all around imho. If these people are getting paid quickly with more/cashout and the times for everyone else at least improves a little, then this should be overall a positive step for all of us. It should at least drive down the vig rate to a more reasonable number which would help greatly.

Please make this for ALL Black Level+ VIPs, ONE TIME...

02-25-2013 , 11:46 PM

#19

aintnobodyrilla

grinder

Join Date: Oct 2010 Posts: 402

i doubt they would only make it for black elite especially since they segregated the 1/2+ games. not saying its impossible to reach black elite as it is now, just significantly tougher. yea hopefully its black VIPs +

02-26-2013 , 03:15 AM

#20

waq

veteran

Join Date: Mar 2007 Posts: 2,700

Quote:

Originally Posted by Jmas8310

the site would make a lot more money and alot more people would be motivated to grind and create rake for the site if EVERYONE got paid out in a timely fashion , not just a select few highrollers

Where does it say the highrollers are going to be paid in a timely fashion? It just mentions higher check limits. There is no reason to believe bank wires will be faster than any other method.

But at least everybody that plays 1-2 is now a high stakes player

02-26-2013 , 05:08 AM

#21

Jah Onion

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 10,955

- segregate 1/2+
- have virtually no games running 1/2+
- make special payment options available for high VIP players
- virtually impossible to be high VIP
- special payment options are available to 5 players on the site
- post on 2p2 2 weeks later that cashouts are improving and the VIP players benefiting from special payment options are getting their money rly fast.

is basically how i anticipate things to go.

any bets on whether or not rakeback players won't be eligible for this?

02-26-2013 , 05:20 AM

#22

umakenocentsbro

grinder

Join Date: Sep 2012 Posts: 680

this seems good for black elite players which is easy enough to attain. please release details prior to march 1 tho thanks

02-26-2013 , 06:32 AM

#23

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Quote:

Originally Posted by Jmas8310

the site would make a lot more money and alot more people would be motivated to grind and create rake for the site if EVERYONE got paid out in a timely fashion , not just a select few highrollers

Everyone will be getting paid much faster, this is just a new part of our processing arsenal and will help overall by balancing out the cashout load better.