Accredited Casino new rule suggestion?

[RobWin]

Originally Posted by spiderlegz

English harbour group for Neteller, Moneybookers and Click2Pay.
http://www.englishharbour.com/payouts.php

Yea, I knew about the designated ewallet limit but still their overall weekly limit is $5,000.00
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[NASHVEGAS]

Originally Posted by baabaa006

I have noticed a number of threads showing disappointment at maximum cashout limits at Casino's.

This is not a cap on the amount that can be won from a ND bonus but a maximum daily/weekly limit on the amount that can be withdrawn if you manage to win something.

Now these same Casino's will happily take unlimited deposits but once you withdraw they say you can make a maximum withdrawal of $nnnn.

There is no valid logic behind these terms except to try and encourage you to play back your winnings.

For this I believe any accredited casino should have to honour the full amount of any withdrawal request.

Could not agree with you more and have dwelled on this via posts and elsewhere but to no avail at present.

CM and I will always have to agree to disagree. I am not buying all the defenses,sorry

Ironically, I changed my siggy before your thread/post.

Also have got gaming (et al) attornies' opinions in the past to see if my thoughts were in left field. Not this unless I am just being told what I wanted to hear.

If regulation occurs in the US, I and a member of the Senate banking committees' staff do not believe any type of installment payment term(s) would allow for an online casino to be licensed in the US. I have a pretty good feel for this and have reason to believe it is not even a debateable issue among the Senate banking committee but who knows.

[NASHVEGAS]

One of the problems is this issue does not affect many players often so most players are indifferent. Funny how that indifference rapidly disappears when a player becomes subject to this rogue,deliberate term imo.

[spiderlegz]

Originally Posted by RobWin

Yea, I knew about the designated ewallet limit but still their overall weekly limit is $5,000.00
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True indeed. That was the only reference to 500/week that I could find of the accredited casinos.

Ridiculously low tough. Then the only option for a player like me would be bank wire and I dont even know if they have an bank account within the SEPA. If they have then it wouldnt be that bad as I could get it without fees and in max 2 days.

[JHV]

Correct re: group. I can't comment extensively at this present time which is why I didn't actually name them straight out - there are ongoing discussions between myself and them that hopefully won't require closure in the public domain but we'll see.

The complications are not as simple as "just use a different Payout Option" but again, I'd like to give them the benefit of the doubt first before getting into specifics.

[RobWin]

Originally Posted by JHV

Correct re: group. I can't comment extensively at this present time which is why I didn't actually name them straight out - there are ongoing discussions between myself and them that hopefully won't require closure in the public domain but we'll see.

The complications are not as simple as "just use a different Payout Option" but again, I'd like to give them the benefit of the doubt first before getting into specifics.

Still their overall weekly withdrawal limit is $5,000.00, not the $500 that you previously stated...correct?

Just so no one gets confused here.
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[JHV]

Originally Posted by RobWin

Still their overall weekly withdrawal limit is $5,000.00, not the $500 that you previously stated...correct?

That has proven very incorrect, in my experience. I would like, if I may, to refer you to my above post please - and request we continue discussion of specifics down the track once I've been able to converse more with them on that and other issues. Purely for their benefit as I'm trying to give parties and people more time to explain their positions and actions before (perhaps unfairly) sorting out confusion publicly.

To be honest, I thought there were 2 or more groups with these low limits on the Accredited List otherwise I wouldn't have used them to make a point in my first post in this thread. I believe the point is valid, of course - and discussion shouldn't necessarily turn to that group.

To bring us back on topic - yes, there are complications with moving money around. But I cannot imagine what kind of situation creates a legitimate requirement for a large-scale casino operation to limit withdrawals to *those* sorts of sizes. I was more trying to focus on relative wagering issues - 5k / week would be mostly ok for me unless I go robusto or something, but for another player it might be as frustrating or inconvenient as 500/w would be for me. And so on....sure, lines have to be drawn. I think those lines should reflect things like:
* amount deposited via that method (say I deposit 100k via MB, lose it all, then win 10k - do you think limiting me to 500/w MB is appropriate?)
* wagering sizes (as mentioned previously - the clause about progressive jackpot wins is great, but if you can wager 20k / minute on Slots [I don't, just saying they'd let me] then limiting to 500/w on all option apart from Bank Wire is appropriate?)
* probably some other things I'm forgetting cause I'm tired, but I hope I'm making valid points. Well, I know my points are valid. I hope I'm arguing them effectively....

[RobWin]

Originally Posted by JHV

That has proven very incorrect, in my experience. I would like, if I may, to refer you to my above post please - and request we continue discussion of specifics down the track once I've been able to converse more with them on that and other issues. Purely for their benefit as I'm trying to give parties and people more time to explain their positions and actions before (perhaps unfairly) sorting out confusion publicly.

To be honest, I thought there were 2 or more groups with these low limits on the Accredited List otherwise I wouldn't have used them to make a point in my first post in this thread. I believe the point is valid, of course - and discussion shouldn't necessarily turn to that group.

To bring us back on topic - yes, there are complications with moving money around. But I cannot imagine what kind of situation creates a legitimate requirement for a large-scale casino operation to limit withdrawals to *those* sorts of sizes. I was more trying to focus on relative wagering issues - 5k / week would be mostly ok for me unless I go robusto or something, but for another player it might be as frustrating or inconvenient as 500/w would be for me. And so on....sure, lines have to be drawn. I think those lines should reflect things like:
* amount deposited via that method (say I deposit 100k via MB, lose it all, then win 10k - do you think limiting me to 500/w MB is appropriate?)
* wagering sizes (as mentioned previously - the clause about progressive jackpot wins is great, but if you can wager 20k / minute on Slots [I don't, just saying they'd let me] then limiting to 500/w on all option apart from Bank Wire is appropriate?)
* probably some other things I'm forgetting cause I'm tired, but I hope I'm making valid points. Well, I know my points are valid. I hope I'm arguing them effectively....

You are in fact making good valid points as far as the web ewallets are concerned BUT the original problem that I and also Bryan had with your post was the broad statement you made that said:

Originally Posted by JHV View Post
There are Accredited List casinos currently listed who would happily accept $100,000 from me instantly, let me wager $20,000/minute...BUT they have a $500/week payout cap.

Which as you and I and others can all clearly see is not exactly factual.

EHGroupWeeklyPayoutMax.JPG

[JHV]

Originally Posted by RobWin

You are in fact making good valid points as far as the web ewallets are concerned BUT the original problem that I and also Bryan had with your post was the broad statement you made that said:



Which as you and I and others can all clearly see is not exactly factual.

Attachment 19634

What you and I and others can all see in the screenshot above I've basically just told you is not factual at all, in my experience. And I kindly request you for a third time to let me give them the benefit of the doubt and hear them out, before we break into discussion on it.

I merely used 500/w as an example of the lowest caps I'd seen, I wasn't trying to direct criticism onto this group. But if you insist on attacking this group, let's not talk about my experience just yet, but we can discuss broader issues such as what possible scenario can have developed to create a 500/w cap rule for the largest payment processors in the world.

[RobWin]

Originally Posted by JHV

What you and I and others can all see in the screenshot above I've basically just told you is not factual at all, in my experience.

That may well be true But you are referring to their ewallet processing and you alluded to that fact in your original post as you well know, hence the reason I said you were making a non-factual Broad statement...lets not confuse those two seperate issues here, please!

I merely used 500/w as an example of the lowest caps I'd seen, I wasn't trying to direct criticism onto this group. But if you insist on attacking this group,

Attacking this group? Are you serious? I promote this group! That's a bit of a cheesy statement don't you think since I am merely pointing out the fact of their weekly withdrawal max NOT being $500 as you stated in your original broad statement. Why are you trying to mix up these two into semantics?

Let's not talk about my experience just yet, but we can discuss broader issues such as what possible scenario can have developed to create a 500/w cap rule for the largest payment processors in the world.

I'm actually not interested in talking about your individual experiences at all, But rather the Broad statement regarding their weekly withdrawal max that you originally made. If you had stated that their weekly withdrawal max to ewallets was $500 then most likely you and I would not even be trading posts at the moment..
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