The og. reason casinos created the 'reversable withdrawl' was bc of the ever increasing cost of deposit processing...
If a place takes visa or MC they are automatically paying the company 7+ percent, and thats the minimum. Now, maybe their bank will eat a lil of that cost if they are high volume, but then we must also consider fraud, e-wallet collapse, soverign and draconian government seizures, and I bet I could think of a few more things...
So lets make up a number, how about 12 percent of every deposit is 'lost' to the corporate card companys and the intermediaries who faciliate those transactions... I know this number to be on the lower end of the spectrum, but lets say its a normal amount...
A withdrawal reversal is free. There is no processing fees, no risk of fraud, no chance of
and their chargeback-happy banks... (for more on him see this article on
)
Thats 12percent that the player might see somewhere in the RTP... Prolly not, but u know what I mean... When u consider that the worst RTP% we are supposed to believe RTG casinos can function at, it was 88.?% RTP right, well you can see how much the bottom line would be affected by fee-free deposits then?
Correct me if I am wrong, but at least for the sliver of deposits that a casino gets from withdrawal reversal, thats a pretty sizable amount...
So while I see the need for honest and speedy w/d policy, I also think the policy and its inherent value can only truly be measured when its attached to an operator with integrity. I mean, I know that I am one of the play-back kings at a couple places, and so they are serious about giving me options to protect myself from myself... But u think Inetbet would ever answer an email in under 4 hours while I had a w/d pending, given that I have played back on seperate sessions wins of 6k and 10k, both starting with $50 dollar deposits? Hell no, and I dont blame them... I cant ever play there again, but I dont think they deserve to lose accredidation for something like that... Had I proved early in the relationship that I wasn't going to pay off their mortage, I bet subsequent w/d attempt would have been executed with haste...
I know a very celebrated place that takes as much time as the 'impulsive' player needs to play back large wins, to get w/ds done... And I know other places that will lock a w/d, preventing it from being reversed... And I could see a scenario where both places are accredited... Is my point... I think...
I am rambling... Later...
....yet despite this, they always offer a BETTER bonus on your next "fresh deposit" than were you to reverse, so it is common sense for the player to wait until they get paid, and then make a fresh deposit for an even BIGGER bonus than the one offered for reversal.
A few casinos even consider claiming a bonus on a reversal as though it were a deposit as FRAUD. Far from passing on the processing savings to the player who agrees to reverse, they offer a WORSE deal for a reversal than for the next fresh deposit.
This shows this is nothing more than a tactic to prey on weak willed players, rather than a genuine attempt to retain them.
Wer this a GENUINE attempt to retain players, they WOULD allow reversals to be classed as deposits for claiming bonuses, and they would be GRATEFUL to players that did so, rather than wait until they got paid, and then immediately redeposit. Instead, players who try to save casinos' processing costs in this way are often accused of wrongdoing.
One case involved a player who had made a number of small withdrawals during a session, wanting to keep the winnings out of reach of immediate temptation. When the player had had enough, they decided to reverse all the little withdrawals they had accumulated, and make them into ONE larger withdrawal in order to make things simpler, and save the casino the costs of dealing with separate small amounts. For their trouble, their withdrawal was confiscated for "abuse", and they were told that their action of reversing them to make one single amount, and withdrawing that, was where they went wrong, and that had they let it stand as a number of separate withdrawals, they would have been paid without fuss.
Clearly the casinos do NOT consider cutting processing costs all that important, and they consider any player who takes processing costs into account, and structuring their requests to minimise them, as "knowing more than they should", and thus end up getting labelled with "abusive playing style".
Ladbrokes are a case in point. It was possible to hold money in the sportsbook, and transfer this to the casino as deposits for casino related promotions, but Ladbrokes banned this, even though knowing it saved them processing costs. They said players had to withdraw and redeposit, or they would not qualify. Given that Ladbrokes paid fast, this was no different from the players' perspective, since it just meant not storing their money in the sportsbook, but continually churning it in & out of the casino. It cost Ladbrokes more to process, made no difference to a players' ablilty to play the promotions, yet it was what Ladbrokes wanted. Later, Ladbrokes said players had to use credit and debit cards ONLY for the casino promotions, again not really an inconvenience for players, but even MORE expensive to process.
Even now, casinos consider moving money between casinos in the group, or reversing withdrawals, as something NOT qualifying for the various player loyalty promotions, and insist that players MUST withdraw and redeposit every time if they want their money to count for the promotions.
The ONLY time that reversing might make sense is if you were offered a BETTER promotion for reversing than you could get by waiting to get paid, and redepositing for the usual promotion the following week.
Oddly enough, Lucky Nugget just tried this with me. I had a nice session and withdrew £2200. I later got a phonecall to advise me that the casino thought I was missing out on some of the promotions I was entitled to, and said that I could have 10% extra up until Sunday night. Now, they knew damn well I had just withdrawn, and that this would not be processed until Monday. They were clearly fishing for me to ask whether I could reverse my £2200 in order to claim this 10% that I was apparenty "missing out on". It didn't happen, and the agent never actually said the "R word" (crafty eh
), but was waiting for me to bring it up. Now, the usual offer for a fresh deposit is 25%, so an offer of 10% now hardly competes with 25% next weekend.
I then went on to bitch about the lagging tournaments, and was told they would "get someone from Microgaming to contact me about my concerns" as I was such a "valued player". SHE brought it up by telling me that as well as the games, they offered some special tournaments if I was interested, giving me the opportunity to say why I was NOT particularly interested in them, even though I had seen them, and tried a couple. She then said that other players had reported similar issues, which is at least more honest than the usual reply of "no-one else has reported this issue, it must be your ISP...........".
If I actually hear from Microgaming before hell
(boy) freezes over - I'll be sure to let everybody know
) once the funds reach my bank account.
