Had to close bank account

[chuchu59]

Good lord, how in the world could $180.00 possibly turn into $2,000.00....that just does not seem realistic unless you are dealing with Guido the Loan Shark or someone like that...

Rob,

In Hong Kong, some loans can rise astronomically to twenty or thirty fold the original amount over a year or so due to interest charges (near 50%p.a), miscellaneous admin fees but most of costs of employing a debt collection agency. It probably applies to USA as well.

From the facts I gather Babs is in the wrong but more in her naivety than anything else. Despite being a long-time member here she isnt too knowlegable on how the industry views chargebacks and she deserves a spanking for it. Neither did she know that the costs would spiral like they have. I agree that Babs should pay Inet the amount of the chargebacks plus reasonable admin costs but definitely not absurd amounts. It's not right that any party, be it banks, agencies can charge whatever they like. The breakdown of the $2K in question should also be made readily available and Babs and Inet should come to a compromise.

 

[footdr]

REGARDING DEPOSIT AMOUNTS NOT MATCHING POSTED ITEMS ON BANK STATEMENT

Certain Processors send in charges for different amount than actual casino deposit(pennies difference).

BUT...... when this has happened to me, the amount they submit to my bank is always LESS than my deposit. NEVER more.

If she was charged more; and it was not due to her bank charging a foreign transaction fee; then she has a right to recover the overcharge.

If the processor were to refuse to return any amount over what she authorized then she would have a right to dispute the charge with her bank.

The entire amount has to be disputed as "amount billed not authorized" "amount different than authorized charge" which if you are overcharged is a true statement.

Most Banks ask but cannot require you to try to work it out with the merchant first, before filing the dispute.

Legally, the Casinos processor can dispute the chargeback. But since the transaction was submitted illegally they probably won't opt to dispute it as they have to send in documentation proving the transaction was initiated by the cardholder and what the charge was for.

So, basically, if the Casinos contract with the processor requires them to pay the processor for chargedback items they are out the funds. Some ewallets are the ones that lose because their contract with casino states they will collect chargebacks. I assume the Casinos pay a relative large fee for this type of contract.

Players are on the honor system because legally Casinos and processors can't force collection.

 

[babs7262]

I may even be banned from here because it looks like I did this on purpose when In fact I only requested a few unauthorized charges back in Oct 2008. I have since been seeing alot more that I did not ask for. I cannot say this enough. IF you are a USA resident, please dont take any chances with your Visadebit because it will bite you in the butt

See above : in my Original post for those who thought I misled them by not saying I didnt initiate the original chargeback in October. I really wish people would read the WHOLE post and not just parts because most of the threads are you guys saying I didnt mention that I initiated the first ones when infact I did. Again, I am pm'ing people who ask me for the bank name. I have been consistant since post one. When someone is telling the truth on what has been done there is no need to change anything

 

[silcnlayc]

I dont have a habit of doing chargebacks for fun. It was done twice in 2 1/2 years

This is NOT her first foray in doing chargbacks. This time it backfired is the only thing one can conclude.

i would imagine she is afraid and confused on what she should do right now

I don't believe she is afraid or confused since she has done it before.

The odd thing is about 1 1/2 years ago I had a problem with double dipping which was taken care of and they didnt go ahead and start removing all of them so why would I think they would do that this time?

One does not do chargebacks period. One is supposed to call and clear it up with the casino/processor in question before anything is chargedback. For the few dollars/pennies difference (never got the amount of differences), one also has to ask, is it worth the heartache to come to dispute, but knowing one has done it a few times already and gotten their way with it, why not give it another shot..is my opinion only..


.

 

[heatherad]

babs, I know you have stated that you do owe Inetbet an amount around $180 or so but forgive me if I quoted that wrong.
Why not just take the $50-100 that you budget to gamble with and pay Inetbet until the amount you feel you owe is paid off. IN MY OWN opinion, the fees charged to you are outrageous but I do know some businesses can charge upwards of $95 for fees.
I definately wouldn't go the route of playing at Inetbet until the debt is paid off and if you won they take %75 percent. I'd be too leary that after all is said and done, somehow I'd be screwed out of getting a cent if I hit bigtime.
Everyone is going to have their own opinion, which they are entitled to, but in the end, you will know what the right thing to do is, whichever way you decide to go.
Surely Inetbet can do their part in lessening the fees in an act of good faith.
I can only imagine what one must be going through faced with a situation like yours.

 

[1819]

Geez what a mess - shame it had to happen to Inetbet as they are one of the few shining lights these days and always have been.

If we want to get down to brass tacks, Babs has no LEGAL obligation to repay ANY of the fees or even the deposit amounts. As another poster pointed out, its like losing your home - you just walk away and the financiers bear the associated costs....but guess what??...we will all have to pay as the casinos have to recover those funds somehow, whether it be via higher wagering on bonuses or max cashouts or even reduced payout %....PLUS the increasing charges from our banks to recover what they lose in the whole process. I believe that most of the 'processing fees' generated are paid to VISA/MC etc as it is all done through their system, with the banks adding their own fees to cover their own 'time'.

I look at it this way. If Im walking down the street and I see someone lying there groaning or obviously injured in some way, I have no LEGAL obligation to assist them. Would I help them? Absolutely, and so would most of you. Its the right thing to do. Its a MORAL obligation.

Now Babs has to decide what 'doing the right thing' means to her personally.


FYI _ I found some info about chargebacks on the web for anyone (like me) who wasnt entirely clear about the process and how it affects businesses.

let's not get crazy. a man dying in the street and a gambling debt are millions of miles apart on the morality scale. i doubt you can even use the word moral in the same sentence as gambling or casino. whether a mistake was made or it was done on purpose there is no innocent victim here. let's not shed too many tears for a casino please. it is in the casinos interest to work out a fair solution to keep a customer. if they cannot work out a fair solution then they lose a regular depositing customer. i'm positive they do not want that to happen. i'm not speaking for babs, or about her, just a general statement... if it is a choice between feeding my family or paying a casino back service fees it is not even close. bye, bye casino!! it is not a moral issue. it is dollars and cents.

 

[silcnlayc]

Surely Inetbet can do their part in lessening the fees in an act of good faith.

I am amzed that the casino is put on the spot when they did not do the deed...

if it is a choice between feeding my family or paying a casino back service fees it is not even close

But it's not..when it was stated she has money put aside for trips to casinos monthly and to play online weekly.

I think many are going off in too many directions. You bounce a check, you pay the fees. No question. Once in a while the bank reduces the fees if asked nicely. But, you pay in the end. It is not up to the bank to ask YOU if they can help in any way.

The deposits were stopped on purpose, money did not flow where it should have, fees accumulated and it wasn't anyone but the player that started this whole thing. Now they need to ask nicely for an adjustment in charges and to pay the initial amount IMMEDIATELY since she got that back in the first place. Why hasn't this been paid already since she got the money back and has benefit of it in her account? And the other fees could be left until it could be worked out to everyones satisfaction?


.

 

[Lisa10xxx]

I am amzed that the casino is put on the spot when they did not do the deed...But it's not..when it was stated she has money put aside for trips to casinos monthly and to play online weekly.

I think many are going off in too many directions. You bounce a check, you pay the fees. No question. Once in a while the bank reduces the fees if asked nicely. But, you pay in the end. It is not up to the bank to ask YOU if they can help in any way.

The deposits were stopped on purpose, money did not flow where it should have, fees accumulated and it wasn't anyone but the player that started this whole thing. Now they need to ask nicely for an adjustment in charges and to pay the initial amount IMMEDIATELY since she got that back in the first place. Why hasn't this been paid already since she got the money back and has benefit of it in her account? And the other fees could be left until it could be worked out to everyones satisfaction?

I agree, babs started this whole thing with chargebacks without trying to contact the casino FIRST to work something out, which was a BIG mistake. And I believe she OWES inetbet back. But to her defense, as weak as it is, I do however think the FEES are way to EXTREME and should come down some. The REAL problem with all this is it can cause the casinos that have not left us US players to rethink their position "IF" they have no recourse to get their monies owed unless they BEND in some way for the players so they can recoup some or all of their money. Is it fair to ask a casino that you already played with the money to give you some help and take off some fees when you KNEW what you were doing and was compensated by the chargebacks? I am in no way one to back a casino since I never win at ANY of them and Inetbet is like the hardest to win at, of which I only deposit, never YET have had a w/d. But, it is NOT inetbets fault this happened and although the fees are high they are however taking a risk themselves by NOT leaving us US players. I keep asking this question to myself, we all take certain risks in playing, why would ANYONE wave a red flag with chargebacks KNOWING what the destination was in the first place? That to me does not make sense, for the few cents off that caused all this mess, I would take the loss! Sorry babs just my thoughts, I do feel for you but this can cause a major problem for all of us who enjoys time spent in the casinos!

 

[heatherad]

I am amzed that the casino is put on the spot when they did not do the deed...But it's not..when it was stated she has money put aside for trips to casinos monthly and to play online weekly.

I not once put the casino on the spot. Merely stated an act of good faith which most times breaks the ice in alot of situations. Had I been putting any blame on them I would of stated it is highway robbery charging those outlandish fees or something along those lines. Who knows, maybe it isn't even Inetbet who initiated those fees.
I believe many people said it already that it is how we fix our mistakes that count in the end. And hopefully the old saying goes that one will learn from their mistakes as well.
Its the internet, things are always not taken how they are typed.
Did this all start because she charged back over being double dipped or over a few dollars being off the amount she put in?

 

[heatherad]

Just wanted to add that I know how to apologize when it turns out I was wrong about something.
I had no clue who incurred the high fees until a little while ago. I apologize to Inetbet for assuming it was on their end when it was them who was charged such astromical fees for the chargebacks.
So, on that note, this thread has me exhausted but much more knowledgeable about what chargebacks are and what can happen when they occur.

 

[GaryWatson]

banking fees are evil. I worked for a bank and saw the destruction. I lived and worked in a deprived area. I had neighbours coming in with fees over their weekly wages. I have no time for banks. I got sacked for breaking into their suspense account & fiddling around with charges. Technically i never got sacked, I was asked to resign & did so. I later took them to court and won my case against them over issues such as fees. They did a no show.

The way I see it, babs has a personal obligation to fight all bank charges. Her family does come first. She is a fool/addict to continue with her gambling budget, but as affiliates, we cover the costs of her misjudgement, not the casino. I think she has to quit gambling for her and her familys sake.

Casinos never refund chargebacks to the affiliate, so they are in a win/win situation. The damage is already done. I believe in honoring gambling debts, period. Babs I hope for your sake you end up with the green label. Take control of your own situation before its too late.

 

[brianzz]

I can honestly say I'm appalled at the thought, let alone the suggestion, of a casino letting a player, who has defrauded them recently, continue to deposit and play and hope that said fraudster will win so they can get some of the money back they were defrauded out of. For the love of god, I couldn't fathom that.

Doesn't anyone remember Harrah's casino a few years ago loaning a player money (marker) even after this same player had bankrupted on a marker from them just 4 years earlier?

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I can honestly say that my bank called me up and said "We've identified some charges on your debit card as gambling and we've hot carded your debit card and sent the charges back."

A few months ago they just killed my card and issued a new one because some charges came through with the transaction code as gambling. Evidently some new deposits from the same billing description sent up the red flags and they sent them back. If the casino contacts me I'll gladly pay the charged back amount, but I won't pay the fees since I didn't authorize or initiate the charge back. Morals, standards, terms and conditions, reputations or not, I've never charged back anything and probably never will.

Just a fair warning, just because my bank does it doesn't mean they're all going to do it. But if I were still gambling with a debit card, or online at all, I certainly wouldn't be so flippidy dippidty with using it at every online casino, especially those using software that's readily licensed to known rogue outfits.

 

[Lisa10xxx]

I was just pm'd from inetbet CORRECTING me on fees actually this is what they have to pay and they do NOT make up the fees themselves, this is the info they sent me.....You mention fees we are putting on. This is not correct, they were fines that we have had to pay. This is what had to be paid by us to our processor by way of a fine for putting through charges that have been reversed. So there is no way we can reduce these or be lenient. That is how much they are.
Just though I would clear this misconception up.
Best Regards
iNetBet Promos

I apoligize to inetbet for misunderstanding WHO controls the fees, thank you for the info and I hope everything works out!

 

[LaurieJim]

You mention fees we are putting on. This is not correct, they were fines that we have had to pay. This is what had to be paid by us to our processor by way of a fine for putting through charges that have been reversed. So there is no way we can reduce these or be lenient. That is how much they are.
Just though I would clear this misconception up.
Best Regards
iNetBet Promos ........................thanks promo guys for clearing this up about the fines, im just so sorry for the parties involved in this mess and i hope somehow or way it can be resolved but if anything came from this, we all learned a lesson, its not just one person thats affected when chargebacks are the issue, everyone pays for it one way or another.......laurie

 

[silcnlayc]

heatherad: I not once put the casino on the spot.

heatherad, I am sorry you took this general statement personally..

I am amzed that the casino is put on the spot when they did not do the deed...But it's not..when it was stated she has money put aside for trips to casinos monthly and to play online weekly.

it was not meant or said to any one person...just generally since so many felt it was the casinos duty to work with the player and not the other way around..hope this clears up that statement, didn't want you feeling that it was meant for you .... apologies if you thought this and my not wording it better

.

 

[Jasminebed]

If I follow this correctly the OP DID initiate one or more chargebacks, but not all 21. After her bank had identified the transactions, the bank initiated further chargebacks, without the OP's authorization, resulting in a very large number of them, and multiple fees.

While I am in no way suggesting that Inetbet is culpable in this affair, it seems unlikely that they will recover the fees for the reversals unless they either arrange a debt reduction or a payment plan, both of which are common for debt collection. They cannot legally enforce collection.

Sometimes a hasty action can snowball in a way we do not forsee.

 

[jas2587]

If I follow this correctly the OP DID initiate one or more chargebacks, but not all 21. After her bank had identified the transactions, the bank initiated further chargebacks, without the OP's authorization, resulting in a very large number of them, and multiple fees.

While I am in no way suggesting that Inetbet is culpable in this affair, it seems unlikely that they will recover the fees for the reversals unless they either arrange a debt reduction or a payment plan, both of which are common for debt collection. They cannot legally enforce collection.

Sometimes a hasty action can snowball in a way we do not forsee.

Babs states this in her post

I posted a thread / post back in October about a few unauthorized deposits/wrong amounts with a casino so I did a chargeback on just the UNAUTHORIZED ones. The thing I didnt know , which is why everything is messed up and I feel bad about is this: Once you do a chargeback, even if just on one unauthorized charge, my bank went and reversed ALL deposits (dribbles and drabbles) at a time for the same processor.

if you go back that far the post cannot be found if I remember right she never said it was Inetbet I thought she said it was clubworld

she still did the chargebacks simple as that she stated 1st her bank did them then she said she did them then she blamed her hubby
ok Who did them

She owes the casino an yes I agree she is a addict an of course a Addict is gonna deny that they are cause they dont want to face it

she owes the money simple as that it in the long run is gonna hurt US USA players an to be honests Babs does not care 1 bit IMO

all Babs cares about is Babs

Cindy

 

[anniemac]

Let's look at this in a real way. You make a deposit to a casino. Money is put into the casino account (or whatever you are using to fund account). You expect your bank account to be lowered by that amount. If it does not appear instantly or within several days, you are responsible for finding out what happened. Your bank account would reflect that nothing had been paid . You would know within several days that something was not right. If you don't try to clear it up, then you are at fault. You know that you deposited that money and for it not to be deducted from your bank account is not money from heaven. I don't care who initiated the chargebacks, you know when you bank account is higher than it should be. Period.

And if Inetbet is charged the fees, then by all means, the fees should be passed on to the person at fault. Had this been addressed and cleared up with the first one that didn't clear, then the fees would not have been as high as they are and this mess would not be being talked about here.

 

[mercy]

all Babs cares about is Babs

That was really uncalled for. Do you know her? It seems that you have an agenda against her, always have.

Please keep your comments on topic, instead of the personal barbs

Please Miss Cindy

 

[jas2587]

That was really uncalled for. Do you know her? It seems that you have an agenda against her, always have.

Please keep your comments on topic, instead of the personal barbs

Please Miss Cindy

yeah ok
wish we could post more then 1000 charaters

 

[mercy]

Thanks Miss Cindy

Mercy xxoo

 

[Luigi810]

I called my girlfriend who works at a bank, she told me that they pull up the customers bank statement for the month and they go through each debit/credit withdraw one by one with the customer, then the customer has to sign next to each withdraw they are disputing..In a few days all the money disputed is put back into the customers account, BUT, a week or two later after their investigation the customer may see it didn't work in their favor and the money that was put back into their account is now owed back to the bank..
Now, in Babs defense, she may have done this not knowing about all the fees involved, and she could have been just disputing what she thought wasn't hers and it back fired...

 

[heatherad]

heatherad, I am sorry you took this general statement personally..it was not meant or said to any one person...just generally since so many felt it was the casinos duty to work with the player and not the other way around..hope this clears up that statement, didn't want you feeling that it was meant for you .... apologies if you thought this and my not wording it better

.

Its okay silcnayc, as I said before, we all read things wrong on the net and I am no exception to the rule. No apologies needed
I was wrong in assuming Inet was the source of the added fees until a few of us learnt otherwise and I did apologize to them in this thread for doing so.

 

[jod5413]

That was really uncalled for. Do you know her? It seems that you have an agenda against her, always have.

Please keep your comments on topic, instead of the personal barbs

Please Miss Cindy

Jas is entitled to her opinion as everyone else here is. Not everyone here falls for every sob story, or is fooled by BS.

On topic, a really bad thing was done, which hurts all other players in the long run. The offending party refuses to think she did anything wrong, and in fact is quite arrogant about her opinion on it. The story has been changed a number of times, and she has done nothing from the beginning of the thread but try to muddy the waters with her comments.

Inetbet and Casinomeister are also victims of Babs and her chargebacks. Inetbet is an accredited casino here and Bryan has to deal with one of his forum members creating financial problems for Inetbet. Not a good forum member, I don't think, no matter how "beloved" she is.

Babs needs to pay all the money she owes, including fines, and I certainly hope all other accredited casinos see what she did and plan to ban her. Including 3Dice. She is an addict. Period.

And, that is simply my opinion, Miss Mercy.

 

[catrina m]

The offending party refuses to think she did anything wrong, and in fact is quite arrogant about her opinion on it.

Inetbet and Casinomeister are also victims of Babs and her chargebacks. Inetbet is an accredited casino here and Bryan has to deal with one of his forum members creating financial problems for Inetbet. Not a good forum member, I don't think, no matter how "beloved" she is.

If I charged back several deposits to an accredited casino it would be hard for me to try and defend that action, especially here where we seem to know our way around the way things work.

The members here are very sharp. No dull tools in this shed.

Babs wanted loyalty for wrong doing to over write the action.

Thats just my honest opinion.

I loved to read her opinions until they broke the trust barrier.

If she is banned I can understand why, but if she remains no thanks from me will come her way.

Its too hard on the people who post here to open up to new comers without being leery of their intentions, and a loyal member shows us this?