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Should we worry about UseMyWallet / UMW? Should we worry about UseMyWallet / UMW?

05-13-2011 , 01:49 PM
Quote:
Originally Posted by lempke3000
Not to hijack the thread but I disagree with this. I think what has changed is what people now consider necessities.
Ahhh, I was planning a massive derail, but I will keep it to this: Americans are certainly part of a filthy consumerist culture, but this is only a small piece of the bigger picture, or rather, a result of the Keynesian model, which requires perpetual growth in consumer spending. Consumer spending, the nature of employment, and the government's artificially established market equilibrium are all inextricably linked. The "economic slump" was a direct result of a reduction in our hyper-consumerism following the liquidity meltdown.

The last few years were undoubtedly the first time in ~60 years that consumers realized that their jobs and salaries weren’t safe. Point being that consumers are not necessarily the ones to blame considering the bankrupt rhetoric of stable employment and rising wages that the federal government has jammed down our throat the past of couple generations. These are systemic issues that are way bigger than people spending more than they make. It's a catch-22: spend too much and sustain the economy (at your own expense), or spend too little and watch it crumble (along with your job security). Our system, from a consumer standpoint, is essentially a composite of this individual choice across all consumers.

Okay, that was more than I planned, I have to stop derailing. PM me if you want.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 01:51 PM
Quote:
Originally Posted by LT22
just went from UMW--->Poker site fine
ty for that update.

Edit: worked for me as well.

Last edited by WrongPrice; 05-13-2011 at 02:10 PM. Reason: +1
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 01:57 PM
Quote:
Originally Posted by ak7062
It's a catch-22: spend too much and sustain the economy (at your own expense), or spend too little and watch it crumble (along with your job security).
You hit the nail on the head here.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 01:59 PM
Made this post in the Carbon support thread, maybe this is a better place to get my answers

Made my intial deposit via WU without a problem. I got a UMW invitation, with a reload bonus code two days after. Does anyone know if that invitation will expire? I don't want to lose my intial deposit bonus and I understand you can't run both bonuses at the same time. Also does anyone know what fees are associated with UMW, deposit/withdraw and moving $$ from UMW to my bank acct?
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:00 PM
I guess its good to hear someone got a UMW to bank account wire today but something has happened to our 5/6 withdraws for sure.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:06 PM
Quote:
Originally Posted by nyrugby
I got a UMW invitation, with a reload bonus code two days after. Does anyone know if that invitation will expire? I don't want to lose my intial deposit bonus and I understand you can't run both bonuses at the same time.
Not sure, but why don't you just sign up with UMW and not deposit? When I got my invitation a couple years ago, I never used it deposit (until a couple weeks ago), but used it for cashouts.

Quote:
Originally Posted by nyrugby
Also does anyone know what fees are associated with UMW, deposit/withdraw and moving $$ from UMW to my bank acct?
IIRC, deposit fees are 5% for credit card and 4.9% for ACH. International bank deposit is free, but not sure how it works. (It looks like a wire deposit, which your bank may charge for, not sure)

$30 flat fee to withdraw to your bank via wire.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:07 PM
"QuickTender Live Support: Since the banks are closed during weekends, our Banking Department will be in only on Monday. Maybe it is also worth mentioning that the 4th and 5th of May were national holidays in Netherlands (this is where our bank is located), so it is possible that it has affected the time frames of the payment processing. But I can assure you that we are not experiencing any issues like that, and do not intend to run away with the funds. "

yep, 5 biz days later after confirmed and still no monies. Also, looks like we will not get any useful info out of them until some time next week, if we are lucky...
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:09 PM
guys, at least until we start getting our $$$ from umw, PLEASE STOP derailing this thread!
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:16 PM
Quote:
Originally Posted by ak7062
Not sure, but why don't you just sign up with UMW and not deposit? When I got my invitation a couple years ago, I never used it deposit (until a couple weeks ago), but used it for cashouts.



IIRC, deposit fees are 5% for credit card and 4.9% for ACH. International bank deposit is free, but not sure how it works. (It looks like a wire deposit, which your bank may charge for, not sure)

$30 flat fee to withdraw to your bank via wire.
Thanks for the help
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:30 PM
Just a thought you guys that mentioned where their bank is located may want to remove that from the thread for obvious reasons.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 02:53 PM
Got an invitation from Carbon in an email today to set up a Quick Tender (UseMyWallent) account. Anyone use this? Info on this?

Edit: Nvm looked through more pages of the thread.

Last edited by Turb0Licious; 05-13-2011 at 02:54 PM. Reason: nvm.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 09:31 PM
My Carbon wd got processed into UMW on 5-12. UMW refuses to verify me despite sending in crystal clear id copies(they were good enough for Carbon to verify). So I sent the money into Bodog where I feel 100% confident about payouts. The deposit worked so UMW isn't out of business but the operator I spoke with(I called to make sure I didn't havta use UMW as wd) said they were having numerous problems with UMW deposits and he didn't expect mine to work. But it did. I'm not going to use UMW. I think UMW is very vulnerable to getting shut down. The transaction processing behind online gaming is what gets targeted and thats all they do is process payments for US customers. I'm gonna play on Bodog and Carbon. I hate BD's software but I know I'll get paid. Great customer support is just a phone call away from Bodog too.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 09:34 PM
Why f does this thread exist...you guys want umw to go down?
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 09:55 PM
^^^^^^ THIS
and furthermore, no deposit options should be discussed openly..IMO....only thru seasoned 2p2 members via PM.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 10:22 PM
I don't get it. I just got a low five figure sum off Cake and once it hit UMW it went through like normal. If they can keep processing payments ~3 weeks after Black Friday they should be fine, and this thread was made months ago.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 10:25 PM
Quote:
I called to make sure I didn't havta use UMW as wd
i have to say that i worry that you could be in for a surprise when you w/d. i talked to live cs, and despit my having 3 other w/d methods, when i asked what would happen if i deposited via umw they said "from then on i would have to use umw as my only w/d method".

i would be interested to see how your situation pans out.
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 10:42 PM
Quote:
Originally Posted by KoreanHacker
I don't get it. I just got a low five figure sum off Cake and once it hit UMW it went through like normal. If they can keep processing payments ~3 weeks after Black Friday they should be fine, and this thread was made months ago.
can you specify dates requested ,processed and cleared?
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 11:27 PM
Just got my invite to UMW and it says there is a $30 fee to withdraw from my UMW, is this correct? Sounds like a huge fee unless I am withdrawing very large amounts.

Last edited by IamPro; 05-13-2011 at 11:28 PM. Reason: like $30 on $500, even $1k is still big %
Should we worry about UseMyWallet / UMW? Quote
05-13-2011 , 11:58 PM
Quote:
Originally Posted by IamPro
Just got my invite to UMW and it says there is a $30 fee to withdraw from my UMW, is this correct? Sounds like a huge fee unless I am withdrawing very large amounts.
Yeah seems huge compared to what we are used to on Pokerstars. Free echecks and free paper checks. Honestly though how bad is paying 30 bucks in the grand scheme of things to withdraw your money in these times?
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 12:52 AM
both of the sites i use have at least one totally free option to cash out. use UMW to xfer money or to deposit, then you will avoid that w/d fee.
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 01:02 AM
Quote:
Originally Posted by doublem3up
can you specify dates requested ,processed and cleared?
04/29/2011 - Requested
05/01/2011? - Processed. I'm not sure about the exact date but it took a day or two.
05/05/2011 - Cleared
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 03:26 PM
Confirmed 5/9. Nothing yet. Have any of us 5/6-5/9 people gotten anything yet?
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 03:48 PM
Quote:
Originally Posted by umfml
Why f does this thread exist...you guys want umw to go down?
Quote:
Originally Posted by FireFighter
^^^^^^ THIS
and furthermore, no deposit options should be discussed openly..IMO....only thru seasoned 2p2 members via PM.
UMW as been around for years, the DOJ is aware of them. Talking about then in general terms is harmless.
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 03:55 PM
Just signed up with an invite from Carbon, will see how it pans out by next week.
5/10 - Withdrawal approved, money transferred to UMW.
5/11 - Bank withdrawal requested from UMW.
*Verification steps and confirmation*
5/13 - Withdrawal confirmed, notified to receive within 3-5 business days.

Yes, located in U.S.
Should we worry about UseMyWallet / UMW? Quote
05-14-2011 , 07:02 PM
Quote:
Originally Posted by M.A.H.P.'s
i have to say that i worry that you could be in for a surprise when you w/d. i talked to live cs, and despit my having 3 other w/d methods, when i asked what would happen if i deposited via umw they said "from then on i would have to use umw as my only w/d method".

i would be interested to see how your situation pans out.
I think I'm good. I have check by courier and bank wire as payout options right now. The operator said I will have those options because I used credit card deposits in the past. I think if your only deposits have been UMW then you havta wd that way. They also said I could wd immediately with no roll over. But I'll play some and bet some bases for a week then wd. If I deposited for the sake of them processing my payment of money I won from somewhere else I'm sure my check, wire options would be disabled.
Should we worry about UseMyWallet / UMW? Quote

      
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