Quote:
Originally Posted by BJJIII
Does everyone try and charge a vig when doing transfers from person to person.
Generally no. Unless a 'hard to get' site's chips are involved, or unless a 'hard to get rid of' site's chips are involved.
Let's call FTP standard, for the purposes of this example.
Poker Stars can be difficult to obtain, certainly more difficult to obtain on weekends that PS is offering one of those big tournies. It is common to see, on weekends especially, a smallish premium being paid for pokerstars, IF AND ONLY IF, a dead solid trader is offering you PS money in exchange for your FTP money (FTP money is standard....PS money is harder to get on short notice). If you're getting PS chips from some random dude, go ahead, but don't be dumb enough to pay a vig.
here's your problem with PS: their security department will take prisoners first, and ask questions later, some time over the next two weeks. The prisoner, of course, was your account, your ability to play poker. Gone City.
Here's what happened. There is this scammer A, who has created dummy account B. Using dummy account B, he scams user D, E, and F, out of some money, probably all within four hours (people can be SO dumb. They have been advised, again and again, to get all the account names listed right there in the public forum: over on FTP's forum, they do that. Over here on 2p2, they don't do that. With the obvious, every other day, result). Now, flush with stolen cash, Scammer moves his money from account B (gonna be frozen in a minute, eh?) over to Account A.
You, my friend, want PS money. You get some reply from User A. You accept PS chips from Account A. You give him your ftp money. He's gone. Seventeen minutes later (but they're still quite faster than FTP security) your account is frozen. Security has traced the stolen money: it went from Victim D, to account B, to account A, and then to you, all in half an hour. You bastard, you. You 'co conspirator' you. You're screwed. And locked up. And two weeks will go by. An average of eleven emails, to and from. Your emails are a lot longer than their emails....you know, 'full details'......if you're lucky, you had every forkin' detail posted here in the forum, before you did the trade. If you're not lucky, or you're an idiot, you accepted some AIM message, and not one thing of what you're telling these people appears publicly. (Which won't matter. It really won't. Don't pay a lot of attention here, if you're not quite with me at this point. The fact is, if nothing appears publicly, you're not getting that account back, so forget about it. Yes, I know you had eleven grand. Yes, I know it's two hundred. That's not what I said. I said "forget about it", because that money, your account, is not coming back to you).
So instead of all this aggravation, you hunt around in the forum, read the last week's posts (what a concept), and you see that there are two, or three, or four, people who are regularly involved in trades, and you do a forum 'search' on those names. You want to read every forkin' post, don't you? Now do it: yes, it's half an hour. Read 'em or weep.
You find out that this guy, or these guys, aren't much interested in your trade, but they're willing to give you PS money (it's a little harder to come by) for ten points: ten percent. That means for ten points, you have avoided all of what's been described above, if you've picked the right guy, and he turns out to be totally honest, and all it cost you was twenty bux on your two hundred (or two thirty) entry fee for that tournament. By the way: you work out, in your head, that he's gonna do four trades this afternoon.....so he's not yet buying any new cars with your fee and three other fees.....it adds up to less than a hundred, with all four trades. Yes, some can be larger.
But what has he done? He's accepted the risk that YOU are the scammer, YOU are User A, over on FTP. You scammed users D, E, and F, out of account B, you shovelled it over to Account A on FTP, and you shoved that money to HIM, on FTP, and you now have PS money, and are gone.
FTP is going to lock up his account, 4.1 days later, on average. They are a little slower, on average, than PS, who are outstanding). But they are not stupid. (No, people, do NOT PM ME....) .
So you have to take the risk. But don't overlook that your trading partner has to take a risk also. And for this, he gets ten points. Ten points of your 200 or so gets him twenty bucks. He's getting rich? Well, not exactly.
Now let's change the numbers, just a tad: he's not charging ten points. He's charging five points. Now, your cost isn't twenty bux, it's ten bux.
Let's change the numbers again: you don't wanna trade two hundred, you wanna trade eighteen thousand. You're a shooter. And your well-known trading partner doesn't charge five points, he charges two points. Two percent.
Here's the question: do you want to pay a smallish fee? Or do you want to assume that risk, that you're asking your trading partner to assume about you?
Let's asssume you are a money-saver. Yessir, you're not paying a dime.
You post: Need PS money, will give you FTP money.
There's a response to your thread: "Hey, I can do this. PM me, or even better, AIM at 'MADEBAILANDIMOUT at aim.com'........(actually, the name will be far more attractive: it will be something like 'EVERYBODYLOVESME at aim.com' or 'BEENAROUNDHEREFORYEARS at aim.com') and you look at this post, in response to your request.......
poster: joined a week ago. maybe even worse, 'poster: joined YESTERDAY'....
It's a lot like the IRS Short Form 1040-FU......
1. How much did you make last year?
2. Mail it in.
So you just go ahead and pick who you want to do your trading with.
You are taking a risk, every single time. Don't over look the obvious: your trading partner is taking a risk, every single time.
And if you think you're 'protected' because the other guy is sending first, you might want to think about that. It just ain't remotely true.
So there, we've dealt with PS money.
Now cake money: nobody wants it. There are a few people each week who want it, and you can give them yours. They were quite correct to come get it here, were't they?
Same with Carbon Poker.
GL with it.