Just tried again to get WU as an option.. Received the same answer I've gotten for past year in getting different withdrawal options... NO, check is your only option at this time

I have it (WU) and requested a max withdrawal on Wednesday and have not received it yet. I have never tried using it before, used check in the past but will keep everyone posted as to the status.

You are correct that I cannot prove or substantiate anything about Merge's financial condition, be very skeptical of anyone who claims to.

Merge has been around for a long time, so the plan has not been to just accept deposits without any intention of paying. A site like Merge is successful in a certain sense as long as more money comes in than out. Under this situation all withdrawals can be paid, and there is money left over to run the business and allow the owners to buy nice things.

To maintain this positive cash-in state for any period longer than a very short time they will have to act like all other sites. This means fraud control, bonus restrictions, limited overlays, correct book lines, fees on moving money, etc.

Paying out at any time does not guarantee they are solvent, in the sense that they can pay all deposits (liabilities to them) and still have enough capital to run the business. This is what I meant when I said they likely rely on new deposits. Merge can know with confidence that a large amount of the money on the site (liabilities to them) will never be withdrawn. This money will be converted to rake or vig, used for play, some will simply be forgotten about and never claimed.

They need enough cash on hand to pay people who require money for the business to continue (employees, servers and hosting, vendors, etc). Not paying withdrawals will cause deposits to eventually stop, and they will lose their cash-in state. So the only reason to stop paying is deciding to steal all the money (unlikely as explained earlier). Or getting short on cash and not being able to pay out -- while at the same time keeping an acceptable amount of cash on hand to keep things running. What $ figure this is for them I do not know.

The may start paying everyone on time again, and still be unable to cover all deposits. If it is true they are short on cash, this is what they hope happens. Money comes in, they pay out a slice of it as withdrawals and are back to a positive cash-in state. When the music stops at some point then people will not get paid. Merge depends on the US market, the DOJ considers their activity illegal, so if they are under-capitalized they never had an end game besides not paying out.

What is max withdrawal if you don't mind me asking?

1k

+1
requested cash withdraw on April 8 still processing

Weird

again, do you have experience with grey market poker operations or are you just making things up? it seems like your just making things up because re: the bolded:

-they do have bonus restrictions, very onerous bonus restrictions. and barely any bonuses.

-before this slowdown, so for the about 2 years since i've player on Merge minus the last month there were very. very limited overlays

-their lines are terrible for bettors. they're high juice for recreational players.

-they do have fees on moving money

if you have experience working at a site like this please say so, b/ it seems like you're stating things as fact when you're actually just speculating and guessing.

one of the worst case scenarios i've imagined is morally questionable operators being in a spot where they pay 500k for a company that has 5mm in the bank, but the cash is "deposits". i know i'm just making that up though with no evidence. i think you're doing the same thing but presenting your speculation, without any evidence, as fact.

2/12 Request Max check
4/10 cancel Check

4/10 Request max WU
will update this week when receive, expect by Tuesday.

Good luck. I hope it works out well. Didnt they give you excuses on why you couldn't last time you tried? What happened with that?

My point was that they will have these things. I thought that was clear.

I had never tried Money transfer. I just didn't want to cancel my check that i had waited so long for.

I'm glad someone remembers all of that. But hey, maybe I was only pointing out a competing Ponzi Scheme... *ominous tones*


--
Kahn

Kahn how confident are you that the reasons you've been given for the slowdown in cashout times are legitimate? i understand you're not going to relay Merge's representations here, but is it correct that that you've talked to managers at Merge and have been told more than the generic "processor slowdown very sorry" that players get?

not to belabor the point but based on nothing, right? you're just speculating. you have no inside information, no experience with these types of operators. if you did i would think you'd have said so by now.

Is the cash transfers option WU? If so, looks like I've got the option. I'll use it if others have success.

I believe it is, I can't imagine not using it if I had the option.

+1

Yes I know about 1/3 or so of each year they manage to pay people in 3 or 4 weeks but more than 1/2 the year this is how it goes and how it has gone since Black Friday.

As for the other sites I clearly said WIDESPREAD slow payout processing for WPN and Bovada. I know numerous people who play on both and have since BF and I've yet to hear of either of those sites having anything close to the slow cash outs Merge has always had.

I also know, or don't believe, based on past history from you that you'd come on here lying about any sites solvency. I think if you found out Merge was in trouble you wouldn't be standing behind them.


I doubt 100% do, that's a bit of a stretch. There are people posting in this thread lately that are obviously new to these Merge cash out issues and obviously are clueless about where else to play.

Even some of those who do know aren't sure about WPN's trustworthiness or cash out times etc. but seriously what's your point? Nah nevermind I don't care. All I want is what everyone in this thread wants, for Merge to get off their slow asses and pay us.
__________________________________________________ ______________

As for the nervous nelly's, anyone who's been playing on Merge for any length of time should know to expect this to happen and not go all "omg another Lock my money is gone" crap. Merge is Merge and they suck at timely cash outs, always have, always will. If you wanna play there you just have to live with it. They're just slow not broke.

i've seen this written quite a few times in this thread and this just hasn't been my experience. i've only been taking money off merge for a little over 2 years but i have always had my checks sent in the timeframe they have promised(and i have a decent sample size). i'm curious if anyone can tell me exactly when nobody got paid for several months. 3-4 years ago? or never? i'm not going to call anyone a "shill" but it seems ridiculous to me that people who are disgusted with the current situation and are thinking the worst are somehow being called hysterical and/or ignorant.

there is no money transfer option for US players, at least as i know. i gave them all my banking information (following their written guidelines) several months ago and was then told the transfer option was not available. for some players they might allow transfers, i dunno. they certainly have the power to treat individual players in arbitrary ways....some players being limited in the number of tables they can play for example

Hes one of the top ranked mtt players on merge, and was #1 for a while, Highly doubt he has any involvement with the site. Also they stopped like this around the summer of 2012. But then they were still paying out ROW players with no issues, so this is different for sure.

So basically there has never been an issue for skrill as far as you guys remember?

There was an issue with Skrill. Back when p2p were active before bcp left the network skrills were taking up to a month network wide.

Nice so i got a week before i get worried...

Earlier this year it took 7.5 weeks (might as well call it several months).. This one is already at 6 weeks +.. In either case closer to several months than them hitting their promised timeframe.. Consider yourself lucky