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jackpot 247

Discussion in 'Payment Processing Issues' started by craig1022, Jan 6, 2014.

    Jan 6, 2014
  1. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    hey guys :thumbsup: i won a progressive jackpot £57000 via a bonus deposit and met all the bonus wagering conditions then went to withdraw and found out the maximum i can withdraw is £5000 per month. it is in the terms and conditions but surely that is not right it will take me one year to withdraw all my winnings which seems a bit of a joke. Has anyone else had a similar experience and if so what did you do ?
     
  2. Jan 6, 2014
  3. HIGHIQ

    HIGHIQ Banned User : misrepresentation and PAB abuse PABnoaccred2 PABnoaccred

    Occupation:
    OWN BUSINESS
    Location:
    NETHERLANDS
    congrats on your wins...

    which casino is it? is it lucky247?

    i just google this jackpot247 never heard of before.. seems they have playtech games..
     
    1 person likes this.
  4. Jan 6, 2014
  5. aceking123

    aceking123 Ueber Meister CAG PABnononaccred MM

    Occupation:
    chippy
    Location:
    uk
    hi im thinking its a playtech if so your going to have to wait sadly ( if its the other lucky247 then your in luck its a micro gaming site they payout in one )
     
  6. Jan 6, 2014
  7. gagamel

    gagamel Professional smurf hunter MM

    Occupation:
    Care Manager
    Location:
    Switzerland
    I think you mean jackpot247.com.
    They have a limit of GBP 5000 per day not per month.

    Cheers
     
  8. Jan 6, 2014
  9. miso

    miso Meister Member MM

    Occupation:
    accountant
    Location:
    Ireland
    First of all, congrats on big win. If it is indeed Jackpot247, then you should be alright. They are part of NetPlay group, which is huge. It owns Jackpot 247 and Supercasino.com, and it states in the terms that you can withdraw any amount up to your whole balance, no limitations. No mention about WD limits or progressive payouts.

    Hope you get it and good luck,

    Michael

    Edit: Had another proper look at the terms, and they reserve the right to limit your winnings to 25k a month. Not bad, I think
     
  10. Jan 6, 2014
  11. gagamel

    gagamel Professional smurf hunter MM

    Occupation:
    Care Manager
    Location:
    Switzerland
    Max. withdrawal is GBP 5000 per day. I asked CS 10 minutes ago.
     
  12. Jan 6, 2014
  13. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    thanks for all the responses guys. yes it is indeed jackpot247.com this is from the terms on there site... Please note where You choose to receive Bonuses from Us, and generate winnings from such Bonuses, in excess of Five Thousand Pounds (£5000) and You subsequently request a withdrawal, we reserve the right to restrict such withdrawal to be a maximum of Five Thousand Pounds (£5000) in any 30 day period. The remaining amount will be placed back into Your Player account... I thought with them being such a big company they would just pay out
     
  14. Jan 6, 2014
  15. dionysus

    dionysus can turn wine into water CAG MM

    Occupation:
    n/a
    Location:
    I'm a Canucklehead
    It's actually not an uncommon term. While it may suck, I'd still be stoked for $ in my acct every month.
    I'd be more worried the casino folds before then. Looking at the front page, I'm not filled with confidence. GL though
     
  16. Jan 6, 2014
  17. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    This I found on the site regarding progressiv jackpots:

    If You win a progressive jackpot, We reserve the right to, provided all these terms and conditions and all the Website's terms and conditions have been observed, pay or procure the payment of the prize money to You in equal monthly instalments of £20,000. For the avoidance of doubt, no interest will accrue in Your favour on any unpaid balance. In lieu of the monthly payments, a progressive jackpot winner may be offered the option of selecting a reduced lump sum amount based on the present value of the future payments.
     
    1 person likes this.
  18. Jan 6, 2014
  19. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    exactly my thinking i would rather receive it monthly but i have a funny feeling that the company is not going to be around much longer (don't ask why) and the fact i have to go on every 30 days and manually withdraw the funds
     
  20. Jan 6, 2014
  21. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    does winning the progressive jackpot using bonus money not affect this though? I'm really unsure where i stand because i won it using bonus money
     
  22. Jan 6, 2014
  23. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I culdn't find any rules that you were not allowed playing progressivs using bonus money.
    Some casinos don't allow that so you should always check before you do that.

    If you were allowed to then it's still a progressive so that rule should be the one they pay after.

    I'm curious though why you ask us. Why not ask the casino you won the jackpot on?
     
    2 people like this.
  24. Jan 6, 2014
  25. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    thanks for taking you're time to check, this is what it says in the terms... Please note where You choose to receive Bonuses from Us, and generate winnings from such Bonuses, in excess of Five Thousand Pounds (£5000) and You subsequently request a withdrawal, we reserve the right to restrict such withdrawal to be a maximum of Five Thousand Pounds (£5000) in any 30 day period. The remaining amount will be placed back into Your Player account.

    i already have but they are insisting that i will be only receiving £5000 month hence why i was asking for advice. appreciate you taking you're time to respond
     
  26. Jan 6, 2014
  27. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    It sounds strange since they don't need to pay the progressive themselves.
    Now don't play a cent back whatever they decide to do, because then the casino will earn all that money.

    It's really not fair. Maybe someone can give you some good advice what to do.
    I don't know so much;)
     
    1 person likes this.
  28. Jan 6, 2014
  29. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    it is indeed strange, i wouldn't be so bothered but like i said earlier i have a funny feeling they won't be around for another year to pay out lol
     
  30. Jan 7, 2014
  31. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    As the software provider and ultimate payer of its progressives (they presumably pay the whole amount in one tranche to the operator when a progressive is hit) Playtech has been repeatedly castigated for the subsequent and questionable behaviour of operators like this who then spread the payments out without paying interest on the original win, or try to persuade the player to accept a lesser amount in a full payment.

    This is really questionable operator behaviour i.m.o. but Playtech does not seem inclined to do anything about it and it continues - we've seen a few cases in this forum and yet it still goes on.

    The operator of course also hopes that any money returned to your account will be played back, thus giving them another opportunity to deprive you of your once-in-a-lifetime winnings.

    With Playtech apparently continuing to turn a blind eye to this rotten operator conduct, and players still prepared to sign off on T&Cs that are detrimental to them in the event of a big win, I'm sure we will see more of these unfortunate cases in the future.

    In short, it's morally wrong...but you're probably going to have grin and bear this.
     
    14 people like this.
  32. Jan 8, 2014
  33. craig1022

    craig1022 Dormant account

    Occupation:
    tradesman
    Location:
    edinburgh
    you pretty much nailed it there! Although i want the winnings now £5000 pounds a month still isn't too shabby at all aslong as the casino doesn't go up in smoke haha
     

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