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Pokerstars ECHECKS Pokerstars ECHECKS

04-24-2008 , 02:44 PM
Quote:
Originally Posted by GrinningBuddha
If you people would stop experimenting with delays, you'd get your money much faster.
Thanks for the help!
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04-24-2008 , 02:45 PM
LOL
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04-24-2008 , 03:46 PM
Requested Echeck on 4/18, still no money today....if I don't get this money by the weekend I might snap, I've been living off Banquet TV dinners for 5 days.....
Pokerstars ECHECKS Quote
04-24-2008 , 07:38 PM
from stars...

Hello,

We regret to inform you that due to technical difficulties on our eCheck
processor's end, some of the cashouts we sent for processing from April
14th to April 22nd have been delayed. Unfortunately, your cashout(s) may
be included.

If you have not received your cashout yet, the estimated time for you to
receive these funds would be another 5-10 business days from today.

Because these transactions have already sent for processing, it is
impossible for us to cancel them at this time .

We appreciate that you have been waiting a long time to get these funds
but we would like to reassure you that your funds are safe and will reach
your bank account soon.

Thank you again for your continued patience and understanding.
Quote:
Originally Posted by PKS Ace
Thanks for the help!
Pokerstars ECHECKS Quote
04-24-2008 , 07:41 PM
Banquet TV dinners for at least 5 more days.....
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04-24-2008 , 07:46 PM
****. Not what I needed to hear. This is a big black eye for PS in my eyes.
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04-24-2008 , 07:49 PM
I'm waiting too but this seems to be "not in their hands". At least they took the initiative to send out emails to those who may be affected. Much more than I can say for almost every other site out there.
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04-24-2008 , 07:53 PM
I got a 100% bonus offer to make a first deposit with echecks today so I doubt they were really behind on them.
Pokerstars ECHECKS Quote
04-24-2008 , 07:59 PM
My wild speculation is that their proccessor gives them X amount of ach xfers per month. FTP had a similar problem at the end of the month last month (per the thread full tiult bank xfers) and they use at least one of the same proccessorts -- rightfundfinance.

Quote:
Originally Posted by zinx
I got a 100% bonus offer to make a first deposit with echecks today so I doubt they were really behind on them.
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04-24-2008 , 08:09 PM
this is so gay
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04-24-2008 , 08:17 PM
Quote:
this is so gay
QFT, nothing like potentially waiting almost a month for the only cashout i've ever really needed
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04-24-2008 , 08:49 PM
Aren't Stars and Full Tilt big/profitable enough to just have their own in house processing companies so there won't ever be any problems like this? Back when Party was around, I'm pretty sure they owned their own e-check processor (IGM pay). It just seems kind of dumb to leave something this critical and important in the hands of some clearly-inept third party.

The new limits on withdrawals are pretty ridiculous.

Also, the sites should have a system where you can register as many checking accounts as you want, and have a drop down menu where you choose which account to send any given cashout to.
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04-24-2008 , 09:51 PM
This is purely speculation, so I figure it belongs on an internet forum.

I'd imagine all the hoops and loops everyone jumps through w/r/t payment processors are due in large part to the UIGE/PSA of 2006. The withdrawal limits are probably in response to big spikes in deposits/withdrawals that their processor cannot keep up with, in part due to

Quote:
I made 8 microwithdrawals in a three-day span. My bad...
and the like.

Last edited by el_dusto; 04-24-2008 at 09:52 PM. Reason: subject/verb agreement lol
Pokerstars ECHECKS Quote
04-25-2008 , 12:11 AM
Quote:
Originally Posted by Adebisi
Aren't Stars and Full Tilt big/profitable enough to just have their own in house processing companies so there won't ever be any problems like this? Back when Party was around, I'm pretty sure they owned their own e-check processor (IGM pay). It just seems kind of dumb to leave something this critical and important in the hands of some clearly-inept third party.
The inept ppl are most likely the sites themselves, because they didnt have enough funds on deposit to cover the volume of transactions.

IGMpay was just what PP called their ACH deposits and withdrawals. They actually went through a third party proccessor, the same way they would go through a third party proccessor to charge your credit card. The charge might say "igmpay" but it is actually some merchant bank thats making the charge on behalf of them. Most of these merchant banks have pretty stringent standards about who theyll let use their services. And you need a checking account/reserve in porportion to your monthly transactions to do business with them. So if youre going to proccess 2 million dollars in transactions you need like maybe 200,000 in reserve. These merchant banks dont want to risk their status with the fed, so they wont do business with an online poker room. If you lie to them, and say youre selling existenze virtual reality phallus enlargement pills or whatever, and they find out youre really running a poker site, theyll just take your reserve and close your merchant account.


Stars and FTP are actually using a fourth party proccessor (or several of them)... so you make an echeck deposit to your account, FTP or whoever sends it to rightfundfinance or some other fourth party proccessor. That fourth party proccessor sends it to its merchant bank (the third party) who makes an ach transaction to your account.


Quote:
Originally Posted by Adebisi
Also, the sites should have a system where you can register as many checking accounts as you want, and have a drop down menu where you choose which account to send any given cashout to.
never has happened and never will. It would be way too easy to launder money.... just think about the potential for abuse.
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04-25-2008 , 12:20 AM
Quote:
Originally Posted by el_dusto
QFT, nothing like potentially waiting almost a month for the only cashout i've ever really needed
heh... i got my epassporte card the wednesday before Epass went down.

I got my echecks cashout approved literally hours or minutes (as far as i can ttell) before the "bad" patch of echecks withdrawals.

I have the worse timing in the world.
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04-25-2008 , 02:10 AM
Quote:
Originally Posted by MattSuspect
Are you talking echeck withdrawals? Or a wire transfer? I got my wire transfer in less than a week today.
Forgive the ignorance but does stars offer wire xfers? If so, whats the minimum cashout? The only options i have are echecks and paper check
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04-25-2008 , 03:26 AM
Quote:
never has happened and never will. It would be way too easy to launder money.... just think about the potential for abuse.
I would think that whatever countries these sites are based out of have very lax laws in this area.
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04-25-2008 , 07:01 AM
Yep, this thread has pretty much swung my "call" into a fold as far as echecks are concerned. Waiting longer for an ACH into your acct. than for a paper check = WTF.

Was considering taking advantage of the old epass user's bonus offered today, but nah. SSN disclosure + site can't even get it right after 2 weeks, lolnope.

(Anybody remember how good Bodog was about echecks WAAAAY back in the day (preUigea)? Always instant, always seamless both ways iirc.)


I've also noticed a pretty pronounced decline in Stars CS, fwiw. Used to be, any email exchange with Support left you feeling all warm and gooey inside. Now they're usu. pretty brusque, in my experience.
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04-25-2008 , 07:02 AM
Quote:
Originally Posted by senjitsu
Forgive the ignorance but does stars offer wire xfers? If so, whats the minimum cashout? The only options i have are echecks and paper check

20k, you have to email Support about it. Email and ask.
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04-25-2008 , 07:56 AM
I should have such problems that i have 20K and dont know what to do with it. My cashouts are still more in the 2K range. But thx for the info.

As a side note though if these are "real" wire transfers (ie, they go from bank to bank through fedwire, not a check clearinghouse) both the bank and the feds are going to look very closely at you if you get a bunch for more than 5K, especially if its coming from another country.

Quote:
Originally Posted by justaPlayer
20k, you have to email Support about it. Email and ask.
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04-25-2008 , 08:20 AM
Quote:
Originally Posted by senjitsu
I should have such problems that i have 20K and dont know what to do with it. My cashouts are still more in the 2K range. But thx for the info.

As a side note though if these are "real" wire transfers (ie, they go from bank to bank through fedwire, not a check clearinghouse) both the bank and the feds are going to look very closely at you if you get a bunch for more than 5K, especially if its coming from another country.

Yes the figure I gave was admittedly hearsay but I've seen it all over the forums that wire transfer minimum is 20k. Someone will probably come along and confirm it. I haven't used it.

To your second point, I'm sure this is true. I was reading a survey on Wiki the other day by Privacy Int'l Group, and the U.S. is now classified as an "extensive surveillance society," one step above China who are an "endemic surveillance society."
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04-25-2008 , 09:54 AM
So I get an e-mail the e-mail from Stars the day saying I have to wait 5-10 more business days bla bla bla for my $1500 in cashouts, but they managed this morning to deduct the $300 deposit I made two days days ago.


On the record, THIS is the reason Im leaving Stars. Unofficially it's b/c I run like hbehjn nj crap/play is tougher on Stars. F my nova status. To hell with the FPP program. Suck it . . . ummm Scotty? I'm staying on FTP from herein even if my rakeback deal is **** there.


That Go-buy-is, as in go buy us a 4th party processor!
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04-25-2008 , 09:59 AM
Quote:
Originally Posted by justaPlayer
Yes the figure I gave was admittedly hearsay but I've seen it all over the forums that wire transfer minimum is 20k. Someone will probably come along and confirm it. I haven't used it.

To your second point, I'm sure this is true. I was reading a survey on Wiki the other day by Privacy Int'l Group, and the U.S. is now classified as an "extensive surveillance society," one step above China who are an "endemic surveillance society."
my limits are 20k at ftp and I think 10k at stars but not sure - wire minimums might actually vary by country/player.
Pokerstars ECHECKS Quote
04-25-2008 , 10:28 AM
Quote:
Originally Posted by Gobias Ind.
So I get an e-mail the e-mail from Stars the day saying I have to wait 5-10 more business days bla bla bla for my $1500 in cashouts, but they managed this morning to deduct the $300 deposit I made two days days ago.


On the record, THIS is the reason Im leaving Stars. Unofficially it's b/c I run like hbehjn nj crap/play is tougher on Stars. F my nova status. To hell with the FPP program. Suck it . . . ummm Scotty? I'm staying on FTP from herein even if my rakeback deal is **** there.


That Go-buy-is, as in go buy us a 4th party processor!
This post made me LOL on so many different levels its not even funny. Boy are you gonna be surprised when you get that same email from FTP because they use the same processor for bank transfer withdrawals. A few threads down on this same page there is some discussion about it.

On another note I'm pretty sure but not positive that the processor that debits accounts and the processor that credits accounts are actually different companies. I might be wrong on this part though.

Either way LOL

Last edited by gtpitch; 04-25-2008 at 10:28 AM. Reason: ty
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04-25-2008 , 12:49 PM
Quote:
Originally Posted by senjitsu
I should have such problems that i have 20K and dont know what to do with it. My cashouts are still more in the 2K range. But thx for the info.

As a side note though if these are "real" wire transfers (ie, they go from bank to bank through fedwire, not a check clearinghouse) both the bank and the feds are going to look very closely at you if you get a bunch for more than 5K, especially if its coming from another country.
You can use wire transfer for any cashout over $5K, not sure wtf that other dude is talking about.
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