W/D question

[babs7262]

I won at Inet and did a $340 w/d expecting to get $300 , $30 for QT and $10 from my back BUT my deposit was only $287??. The $30 was right, and the bank for $10 was right, where did my other $13 go?

[jas2587]

I won at Inet and did a $340 w/d expecting to get $300 , $30 for QT and $10 from my back BUT my deposit was only $287??. The $30 was right, and the bank for $10 was right, where did my other $13 go?

yes $30 for quick $10 your bank could it be that Inet
only did $327
it is a odd figure for sure
as my bank an qt does the same charge $30 an $10

dang if I know

Good Luck
Cindy

[Jasminebed]

Babs, I think you should be asking Inet customer support that question.

Keep us posted.

[babs7262]

I heard it was the processor taking a little cut for themselves but cannot prove this. I know its not INET or my bank so it has to be. jerks

[RobWin]

I heard it was the processor taking a little cut for themselves but cannot prove this. I know its not INET or my bank so it has to be. jerks

What did INetBet say ??

[Mousey]

Not unusual... in my experience ... QT $30, Bank $10 - $20, unknown middle man $10 - $20.

Costs a lot to push a button authorizing a money transfer from one part of the world to another.

[EasyRhino]

Clarify where the money went "missing".

Between inetbet and quicktender?
or
Between quicktender and your bank?

And on the bank side, can you determine if the transaction was processed as a "wire transfer" or as an "ACH (or EFT) deposit"?

[babs7262]

It was lost between QT and me. It got to QT as $340 , QT made $310 available so its gotta be the QT processors because my bank only took $10


oops forgot, i did pm inet, didnt hear anything back yet

[Jasminebed]

Well babs, you need to be asking QT then. It seems to me that most of these ewallets present problems and charge quite a high fee for payments to your account.

Once you factor in all the charges involved in electronic money transfers, the higher rate of return for online slots vs bricks and mortars seem to evaporate. Add in the faster rate of spinning, no getting up to move to another machine, dig into your wallet, tip the free drink gal (did I mention there are free drinks...only pop & coffee in Ontario the Good), and I think the B&M's give a comparable rate of return without as much hassle.

But like many here, my health provides limitations, so I keep spending. Even with my prepaid mastercard, accounts I play in Canadian funds sometimes convert it first to US funds, and then to Cdn dollars, so I get hit with a foreign transaction fee.

You will probably find that they have a right to charge you this much, but maybe not. And how many people will let $5, $10, $13 slip rather than spend hours sorting it out?

Don't stop asking until you have an answer that satisfies you Babs.

[EasyRhino]

Okay babs, it sounds like inet is not in the picture. And there is a very good chance that these fees were all perfectly normal, but here's what you need to clarify:

From Quicktender:
- confirm the amount of withdrawal sent to you, after their fees (Probably $310)
- Confirm the method used to send the funds. It's probably either wire transfer or ACH/direct deposit.

From your bank:
- Confirm the fee charged by your bank for receiving the transfer. You can probably see this on your statement
- Confirm the method used to receive the funds. Again, it's either wire transfer or ACH/direct deposit.
- Ask if there are any other fees that may apply to your withdrawal.

The likely cause is that your transaction was processed as a wire transfer. If so, here's the breakdown:

1) You start with $340 in quicktender.
2) Quicktender takes $30 for themselves
3) Quicktender sends $310 through the international banking system.
4) An intermediary bank takes a $13 "lifiting fee" for doing the international wire
5) $297 hits your bank account
6) Your bank takes $10 for receiving the wire transfer.

However, ACH transactions would be unlikely to have this fee, which is why the method of transfer is important. In fact, my last Quicktender withdrawal (last month), I only paid the $30 to QT and no other fees, because it was processed as ACH.