AMEN!

lol. I see like 1 game/week of limits higher than 2/4. I just managed to play a 3/6 game, but it never got to 9 players during 2 hours of play.

Play on black chip. Lock poker is a joke. The cash out system anyways. It's a joke. Only can cash 3k every 3 moths and it takes 6 months to get 1 cash out. Black chip has decent traffic and sometimes people playing 10/20NL.

Help! Lock poker stole my weed! lol

You get it?

As jamthe3 said, it really does look like you're only looking at 9-handed tables. I generally play 6-max, and am taking EVERY table in the equation.

This thread is getting derailed. Lets stick to the main plot:

[x] We demand real answers
[x] Lock isn't giving them

this actually became a much better thread when it got derailed and much more informative.

I will assume I misclicked and that my post was not deleted.

Shane you have not answered the question.

Why does US legislation affect a transaction that never falls under US jurisdiction? If you have the money in a segregated account, why can't you just send that on to Moneybookers within a reasonable time frame?

I think it's because their processing is entirely US based in the first place.. they simply don't have a EU processor i think. So basically, our EU money goes to the US first in any case, and thus goes through the same trouble basically.. at least that's how i understand it, i'm sure Shane can formulate this better or give a better explanation.. **** knows really, just hope they can sort this asap (but i don't in the least count on it anymore at this point).

not to mention the OP got banned leaving it kinda up in the air to where it grows, lol

Afaik that's because he was scamming people in the funds trading thread, not because of saying anything bad about Lock

(not 100% sure on this one though please do correct me if i'm wrong, but just throwing this out there so people don't get that idea )

No, that's correct; that's what happened to him for sure.

If true, this is just incredibly stupid.

Lets say you have 400k to pay out to US players and 200k to ROW's.

Why would you send the whole 600k to the US processor, where the DOJ might seize it or the processor might jack it all?

It makes no sense. They're based in Ireland, they could just send the money straight to Skrill with zero risk (if they had the money).

Plus, with ROW's getting paid promptly, US players would remain confident and deposits would keep coming in.

To be honest, i really don't know :/ it baffles me aswell, i wish i could give an answer but i've bugged shane about this multiple times on both these forums and Skype.. most answers look pretty generic to me and then he says "i wish i could give more info, the public should get educated on the topic, but i can't" basically.

Maybe it's simply because having 1 processor is way cheaper than paying another one, i don't know. I guess if you can "sell" (as in, let them handle) all your transactions to 1 processor you can get a better price per transaction than having to pay multiple processors.. It's a guess, one that may make sense, but in all honesty, i literally know **** all about this industry, i simply don't know a thing just what i've seen shane say and what i heard in the interview with a payment processor.. and adding all puzzle pieces together for me this may make some sort of sense.

I dont know everything about the industry either.

But skrill IS a payment processor (a legal and legit one as well). It's not like they have to find a processor to get access to skrill.

They have to be broke.

When Merge was the clear #1 site, they had issues paying ROW players by Skrill in a timely manner as well.

It obviously has something to do with the majority of the deposits coming in via the US, and the majority of the withdrawals are coming in from ROW at an extremely high volume.

Now, why does it matter about US deposits when all of our rolls should be segregated in the first place? I have no idea. But the Merge issues should be some clue that it probably doesn't have to do with them being broke.

I keep thinking that if LOCK isn't in any financial trouble, they will be very soon.

When money on your site is worth 70 cents to the dollar in market and many are taking the money and running away as fast as possible how can LOCK sustain?

Also, they are receiving the worst ratings and reviews in (possibly the history) online poker.

I've heard that its been long thought by many in the industry that the Larson and co had a plan to take the money and run. And that their margins are razor thin (IF ANY AT ALL), I was told that they run a business model that is unsustainable. I'd like to think this isn't true, but the signing of yet another pro, continued silence from LOCK, its almost mind boggling as to why anyone would want to play on LOCK. The fake/generic customer support etc. The outrageous delays for our friends ROW. Its just all so LOL WTF

Its all a load of BS at LOCK. The ponzi has started to crumble and the worst is yet to come. I'd like this not to be true, but seriously....I can't ignore 7 red flags waving in my face. Everleaf had this problem slower cashouts that were blamed on holidays or whatever it was...then bam one day they just shut down to US players and kept the money. Full Tilt...well we all know why they had delays (although that situation was obviously different)

My point is, has a site ever had delays like this and then recovered? Has it ever happened???

If Lock wasn't in trouble before, I guarantee they are now.

Yes rooms have had delays and recovered.

All major rooms have suffered from processing delays at some point.

You posted that on dec 10

I requested max skrill on dec 10 2012, received jan 31 2013

52 DAYS

that's the longest it's taken me to receive a cashout yet. How is this an improvement, nevermind a huge one?

When did Stars/Tilt/PartyPoker ect ever have 2 month delays paying ROW?

Shane, its just very interesting how you keep being selective about which questions you respond to. Please answer these with clear answers that we can understand:

(1) If you hold hold all player balances in a segregated account (even if its a $ account uin the US) then why does it take 2 months to effect payouts to ROW players? [Not just vague references to UIEGA, actual specifics. What law/regulation/practical issue prevents you from sending money from that account to a non-US payment processor?]

(2) Which regulator, if any, audits that Lock holds an amount equal to all player balances in a segregated account?

(3) Given that the delays to ROW players are indicative of Lock not having the money then what will you do/say to reassure players that Lock is not busto? [So far you haven't said anything remotely convincing.]

Waiting 35 days so far for a Skrill cashout.

Three emails to Support so far.

First reply said I would get it very soon.

Second reply said I would get it shortly.

Third reply, today said I would get it with the next check batch.

What the heck should checks have to do with my Skrill withdrawal.

Doesn't really matter what BS they tell me anyway I guess. The bottom line is I still don't have my money and based on other posts here, I have at least 2-3 weeks more to wait.

Pathetic

Earlier in the thread Shane said "for non-US the processor is Moneybookers."

Shane, I won't stop bumping this thread until you answer my question.

How does US legislation affect a transaction that never enters the jurisdiction of said legislation? You seem to be hinting at some extra layer of processing, but not describing what that is. Describe what that is and why it takes so long.

If you have segregated funds in a non-US account, Moneybooker's will accept it from you immediately. There is no reason I can see for delays of even 3 days, let alone over a month.

McCormick already answered that for you, you just wanna read more into it. If you have been following news of Lock for a few years on this as well as other forums you can find reasons for their paranoia...if that's actually what it is that's causing problems. I don't remember for sure, but it seems to me that when "Black Friday" erupted, it wasn't only US landbased bank accts seized; but, I could be wrong.

Being in the Carribean as opposed to offshore mainland Europe is two entirely different banking scenarios altogether. Now, why they don't make the attempt to set up their banking to not only ease their ROW payout nightmares but also maximize easy profit through many obvious means is another question.

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