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Old 08-11-2011, 01:52 PM   #76
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Re: P2P transfers: CHAT thread : No trading ITT

Quote:
Originally Posted by Nofx Fan View Post
Do not load your card too frequently. Do not load it more than twice a week, IMO. Amount does not seem to be an issue, but frequency is. If you load it too often via moneypaks, you will have your account closed and will be banned from Green Dot services and unable to be a card member ever again
Hmm... i seem to remember someone warning everyone about this a while back

FWIW, if you want to get around this there are a variety of prepaid cards that are a part of the greendot network (ie you can reload them with GDMPs) but arent actually run by greendot. So you can actually have 4 or 5 cards from different issuers.
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Old 08-11-2011, 02:02 PM   #77
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Re: P2P transfers: CHAT thread : No trading ITT

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Originally Posted by Nofx Fan View Post
What Howie L said. It goes to a Green Dot card. Also, you need to go through a step or two of verification on paypal to up that limit. My paypal is unlimited. I thin3k it's when you tie a bank account to it, and give your social security number.

Important for all Green Dot users

Do not load your card too frequently. Do not load it more than twice a week, IMO. Amount does not seem to be an issue, but frequency is. If you load it too often via moneypaks, you will have your account closed and will be banned from Green Dot services and unable to be a card member ever again

This also goes for Netspend transfers, except amounts matter on netspend much more than frequency and netspend will only take your ability to transfer away, or limit it, rather than close your account like GD.

To further highlight GD's policy, I know a guy who loaded less than 1k in a month but had his account closed because he did many loads of $20 or whatever. GD even had a promo where they would wave their monthly fee if you loaded 1k in a month or more, so again, it's not amounts so much as it is sheer frequency.
This scares me. I've loaded more than 1000 in each of the last 2 months to my GD card as well. Sometimes 3-4 reloads per day. I make a lot of purchases with the card as well.

Did the person who had their account closed make a lot of purchases or just always withdraw cash? I could see them being suspicious of someone only withdrawing cash. Also, did they send him a check for the remaining balance or just keep the money?
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Old 08-11-2011, 02:06 PM   #78
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Originally Posted by AEPpoker View Post
Hmm... i seem to remember someone warning everyone about this a while back
I was well aware of it then too, but there was only a couple/few high volume traders at that time and we all knew about it. Things have changed obviously so I thought it would be nice to let the n00bs know. In fact, I feel compelled to now because there's n00bs using the method and would qualify as high volume traders. If we don't warn them, something may happen and then we'll have to ban it because it could happen to others (I think you guys get that point by now :P) So, my warning is to simply 3keep the option available for myself, even though I've been responsibly using the method for years now. I have to worry about others getting it stripped away.

There was no reason to cause panic back then imo. Also, this goes back to the over protectionist rules because of a few thing. Why even report what could be a problem, when if you are responsible and smart about things it wont...so it can get taken away as an option because it could happen if in the wrong hands? No thanks.

Also, you're right about the above, and that's why you'd be one of the people who doesn't need to be warned or worried about, because you think for yourself. Seriously, with all that's gone on and the landscape we find ourselves in, I'm a little pissed we can't use PayPal to send money to each other (like all sending of money in trades it has nothing to do with "illegal gambling" as PP and a poker site never touch)

PP is the best option to move funds in the US and IMO we can't use it because of the people who can't handle trading safely. Good times.

Quote:
Originally Posted by MyMaseratiDoes185 View Post
This scares me. I've loaded more than 1000 in each of the last 2 months to my GD card as well. Sometimes 3-4 reloads per day. I make a lot of purchases with the card as well.

Did the person who had their account closed make a lot of purchases or just always withdraw cash? I could see them being suspicious of someone only withdrawing cash. Also, did they send him a check for the remaining balance or just keep the money?
Well now you know, and you may have just toed the line but not crossed it.

Purchases are not a problem, 1,000 dollars is not a problem, loading your card occasionally is not a problem. Loading your card an average of 3-4 times or more a week, for for a few weeks, from multiple moneypaks will be.

Spread them out. Load some onto paypal. Get other cards like AEPpoker mentioned above (there's a blue one at wallmart for example), trade for bank funds, trade for netspend, etc. Do not rely on one card to do all your trades, if you trade more than 2 or 3 times a week.

FWIW the reason GD uses is that they say they are not a money transfer service and the card is not designed for it. PayPal is a money transferring service, and thats why it sucks we cant use it.

FWIW this is the same with Western Union, even though they are a money transfer service. This is why sites set limits on amount and frequency, to protect those who don't think about that stuff and overuse/misuse it, to protect you from yourself (you'd be surprised how many people would deposit with WU everyday, even multiple times a day if they could)

WU can and will ban you if they find out you deposit or receive money from poker. They wont know 99% of the time unless you raise an automated flag. Flag's are raised by crossing defined limits.

Be smart guys.

The thing is, I don't mean to sound like a douche and honestly, the people who are, or will read this thread, are not the ones who are the problem. It's the ones who wont. The p2p thread makes you click a disclaimer every time you try to enter it and it then brings you to the front page of rules that are A MUST READ. Even with all that, and infractions and bans handed out for breaking rules...people still wont educate themselves and continue to break the rules that were defined for them specifically.

Trading itself is not a dangerous endeavor. I guess some would be shocked to know there are traders on this forum who have traded over a thousand times and never been scammed. The problem is, there are other people who have never traded and get scammed the first two times they try

Last edited by Mike Haven; 08-11-2011 at 04:57 PM. Reason: 3 posts merged
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Old 08-11-2011, 03:29 PM   #79
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Re: P2P transfers: CHAT thread : No trading ITT

Quote:
Originally Posted by MyMaseratiDoes185 View Post
This scares me. I've loaded more than 1000 in each of the last 2 months to my GD card as well. Sometimes 3-4 reloads per day. I make a lot of purchases with the card as well.

Did the person who had their account closed make a lot of purchases or just always withdraw cash? I could see them being suspicious of someone only withdrawing cash. Also, did they send him a check for the remaining balance or just keep the money?
I am not 100% sure, but my suspicion is that it comes from multiple loads in one day from geographically distant locations... they can tell where these cards are sold.

Quote:
Originally Posted by Nofx Fan View Post
What Howie L said. It goes to a Green Dot card. Also, you need to go through a step or two of verification on paypal to up that limit. My paypal is unlimited. I thin3k it's when you tie a bank account to it, and give your social security number.
Eventually GD will quit loading your paypal account too... youll try to load it and it will say youre over the limit (regardless of if you are)... so unlimited is a relative term -- they seem to be a bit more permissive with paypal right now, but i know of people who GD has banned from using moneypacks on PP as well.
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Old 08-11-2011, 03:51 PM   #80
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Re: P2P transfers: CHAT thread : No trading ITT

Yea, thanks for clarifying. I wasn't clear about that, I meant my overall paypal account has unlimited load/transfer/cashout capability. I didn't mean to group it into loading MP's onto PP. You are indeed correct that there are limits to that as well.

BTW, to avoid doing multiple loads and to load more than the $500 max that is imposed on almost all moneypaks, wallmart is the one place they allow to load a MP to be loaded up to 1,100 (I think ?, it's def 1k and might be 1.1k)

Last edited by Nofx Fan; 08-11-2011 at 04:01 PM.
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Old 08-11-2011, 04:15 PM   #81
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Re: P2P transfers: CHAT thread : No trading ITT

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Originally Posted by OmahaDonk View Post
A deal was reached and I went out and bought a moneypak - and have not received word for 4 days. How long is standard to wait before I should try to trade it with someone else?
You had to look for another deal 2 days ago If the guy doesnt respond, why would you keep waiting?
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Old 08-11-2011, 05:22 PM   #82
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Re: P2P transfers: CHAT thread : No trading ITT

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Originally Posted by Nofx Fan View Post

To be 100% honest, I'm surprised Mike Haven decided to disallow PayPal ...
Apart from the fact that Paypal does not allow gambling-related transactions, there is a 45 days period after any transaction where one party can start a dispute.

A determined thief could trade with dozens of people before starting a string of disputes with the aim of scamming them all at once.

A WU scam would have to be effected almost immediately, and, although I may be wrong, I would guess that anyone using WU to scam people would probably end up behind bars, particularly if traders keep all PM, e-mail and chat log records, as recommended, for evidence of an intended and agreed trade.

The p2p thread and rules have just about been perfected over the years, and anyone who reads the OP and follows diligently the advice for safe trading is unlikely to be scammed for any significant amount. Unfortunately, almost every day the mods have to give infractions to new traders who have not even read the three simple rules for use of the thread at the beginning of the OP. As this is happening, daily, it seems highly likely that scams of similar careless people will continue, whatever we do.
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Old 08-12-2011, 11:34 PM   #83
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so I finally did my first trade, and I'm not sure what the posting protocol is.

Post 1: One party posts trade desired.

Does the next post need to be where the second party quotes the first party's post and say we've agreed to a trade?

Once the trade is completed, do both parties need to confirm that the trade was completed?

so if I understand correctly, there will be a minimum of 4 posts for every trade? Thanks.

Also, how long before you are allowed to post the same trade request? I would imagine the thread would get unruly if someone kept posting the same trade over and over again.

Last edited by Mike Haven; 08-13-2011 at 04:40 AM. Reason: 2 posts merged
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Old 08-13-2011, 12:02 AM   #84
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Re: P2P transfers: CHAT thread : No trading ITT

Quote:
Originally Posted by DoubleFly View Post
so I finally did my first trade, and I'm not sure what the posting protocol is.

Post 1: One party posts trade desired.

Does the next post need to be where the second party quotes the first party's post and say we've agreed to a trade?

Once the trade is completed, do both parties need to confirm that the trade was completed?

so if I understand correctly, there will be a minimum of 4 posts for every trade? Thanks.
I guess minimum one, max. 4.

Obv. first would be where someone is looking for a trade.

Second where someone quotes trade in progress etc. This is not mandatory but could'nt hurt, in case you're dealing with someone you're not sure of and they scammed someone somewhere else and by posting/bumping the SN etc, a mod/user can alert you if there was a recent scam that occured.

Third and fourth posts of trade completion and confirmation are just a mater of courtesy and for references.

If you've posted you're looking for a trade, or trade in progress, might as well update saying how the transaction went or if it was completed, any relevant info. if applicable etc.

Also, if you're going to be doing more trades, can't hurt to have references of confirmation of smooth trades in the thread.

Quote:
Originally Posted by DoubleFly View Post
Also, how long before you are allowed to post the same trade request? I would imagine the thread would get unruly if someone kept posting the same trade over and over again.
Pretty much. I'd guess like 18-24 hours but if you change the amount or the vig, I guess you can bump with modifications a bit earlier. Just go by what's appropriate, which is obv. subjective but should do the job, for the most part.
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Old 08-13-2011, 12:07 AM   #85
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Re: P2P transfers: CHAT thread : No trading ITT

Quote:
Originally Posted by Nofx Fan View Post
What Howie L said. It goes to a Green Dot card. Also, you need to go through a step or two of verification on paypal to up that limit. My paypal is unlimited. I thin3k it's when you tie a bank account to it, and give your social security number
Sorry if this has been mentioned:

If you load paypal from a moneypak and then immediately withdraw, you will get a warning e-mail from paypal that this is disallowed (and that continued use will result in limitations or freezing of your paypal account).

You must send those funds to another paypal member.
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Old 08-13-2011, 12:19 AM   #86
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Re: P2P transfers: CHAT thread : No trading ITT

Good lookin' out, OmahaDonk. Did not know that and glad you mentioned it. Not surprising though and a lot of this stuff is common sense.

Basically, the prepaid cards/reload pak3s/etc are a small option to getting a little cash or vice versa. You can't rely on them for any significance or volume.
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Old 08-14-2011, 08:06 PM   #87
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

Not sure if I should post this here or not but since its about trading, I guess it goes here. Sorry to Mods if not.

Trying to trade off of Cake, and they ask for an explanation of why you need to transfer funds. Has anyone else ran into this problem and if so, what response worked for you?
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Old 08-14-2011, 10:56 PM   #88
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Re: P2P transfers: CHAT thread : No trading ITT

my prepaid debit card was deactivated for loading moneypaks too often?

what they told me when i called is that all they could say is i had "unusual load patterns"

but for me it wasnt from selling poker funds it was funds i loaded myself at my local gas station, i play at some online casinos in between my poker runs....so they could see that all my gdmps were bought right down the street from me so thats odd.

i was a little peed off at someone from god knows where telling me that my card would be closed for "unusual load patterns"

Last edited by Mike Haven; 08-15-2011 at 07:17 AM.
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Old 08-15-2011, 01:16 AM   #89
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

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Originally Posted by JBusby View Post
Not sure if I should post this here or not but since its about trading, I guess it goes here. Sorry to Mods if not.

Trying to trade off of Cake, and they ask for an explanation of why you need to transfer funds. Has anyone else ran into this problem and if so, what response worked for you?
My friend is looking to play higher stakes and I am helping him out.

What Id really like to tell them is your crappy site takes 8 weeks plus to pay out 3k max and I have to sell my money at 60cents on the $1, now process the freaking transfer!
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Old 08-15-2011, 04:42 PM   #90
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carbon transfers taking a longer then usual?

been waiting 5 hours. anyone else waiting this long
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Old 08-15-2011, 05:10 PM   #91
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Re: carbon transfers taking a longer then usual?

i had one the other night that had been like 5 hours. It was late night early morning so i thought it might be that. I canceled it and tryed again and it went through. Maybe give that a try, though if theres a queue thatll prob make it take longer.
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Old 08-15-2011, 06:06 PM   #92
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Re: P2P transfers: CHAT thread : No trading ITT

Has anyone done any transfers on terminalpoker?

Are we required to provide documents before we make any transfers?
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Old 08-15-2011, 06:18 PM   #93
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Re: carbon transfers taking a longer then usual?

I did full cashout from neteller like a week ago and got my money in 5 hours. Neteller.
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Old 08-15-2011, 10:06 PM   #94
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

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Originally Posted by bdiddy131313 View Post
looking for 1300 rpm ironlungsallin will send $1000 WU
30% vig? SERIOUSLY?
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Old 08-15-2011, 10:08 PM   #95
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

thats not 30% and why are u trolling my post
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Old 08-15-2011, 11:00 PM   #96
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

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30% vig? SERIOUSLY?
you spent 1k, you make 300, that's 30% anyway you slice it. i'll wait 3 weeks and take my check for 1300. LOL
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Old 08-16-2011, 12:50 AM   #97
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

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Originally Posted by MegaDisgruntled View Post
you spent 1k, you make 300, that's 30% anyway you slice it. i'll wait 3 weeks and take my check for 1300. LOL
$1000 for $1300 would be about 23%.

910 would be 30%.

See post for formula:

https://forumserver.twoplustwo.com/sh...4&postcount=34

Last edited by PSUStudent; 08-16-2011 at 12:51 AM. Reason: move to transfer chat thread
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Old 08-16-2011, 08:24 AM   #98
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Re: P2P transfers: CHAT thread : No trading ITT

Regardless of how you calculate it, that's absurdly high.

Edit: in any case, he lowered it.
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Old 08-16-2011, 11:23 AM   #99
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

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Originally Posted by PSUStudent View Post
$1000 for $1300 would be about 23%.

910 would be 30%.

See post for formula:

https://forumserver.twoplustwo.com/sh...4&postcount=34
You are incorrect

the correct forumla for calculating vig is

(rpm-cash)*100/cash=vig

Also its sort of common sense, and the way you will see vig calculated 99% of the time in both the online world and offline

when u ask "what is the vig" youre asking "what is the fee i am paying to get the cash"... the answer is "I am paying 300 extra in rpm to get 1K cash"

the number your formula calculates is "at what discount is my tranding partner buying rpm" that may be a valid and meaningful number, (especially in the case of heavily devalued currencies like ft or ub) but its not a calculation of vig.

FOr example, if player X is selling UB at 20c on the dollar, he is paying 400% vig (my formula), but selling at an 80% discount.

Its also significant to note that in your formula 100+ vig would not be possible (which again isnt the way people understand it)

Last edited by AEPpoker; 08-16-2011 at 11:40 AM.
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Old 08-16-2011, 08:58 PM   #100
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Re: Person to person transfers. [The first post is a "MUST READ" for the Posting Rules]

Quote:
Originally Posted by AEPpoker View Post
You are incorrect

the correct forumla for calculating vig is

(rpm-cash)*100/cash=vig

Also its sort of common sense, and the way you will see vig calculated 99% of the time in both the online world and offline

when u ask "what is the vig" youre asking "what is the fee i am paying to get the cash"... the answer is "I am paying 300 extra in rpm to get 1K cash"

the number your formula calculates is "at what discount is my tranding partner buying rpm" that may be a valid and meaningful number, (especially in the case of heavily devalued currencies like ft or ub) but its not a calculation of vig.

FOr example, if player X is selling UB at 20c on the dollar, he is paying 400% vig (my formula), but selling at an 80% discount.

Its also significant to note that in your formula 100+ vig would not be possible (which again isnt the way people understand it)
This is good to know.

One of the reasons I posted my formula was to get it checked to see if vig is calculated another way.

Hopefully a mod can edit my post above or link to this post so people can make sure they get the correct formula.
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