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Payment Pending Period and Casino Rating

Discussion in 'Online Casinos' started by zippy, Apr 6, 2015.

    Apr 6, 2015
  1. zippy

    zippy Dormant account

    Occupation:
    finance
    Location:
    Australia
    Hi All,

    In regards to the operational standards that accredited casino's are measured on I think there needs to be a greater emphasis placed on timely payments.

    There really should not be any payment pending period when making a withdrawl. There is no pending period when witdrawing from land based casino's, so why do we tolerate it from online casinos? If you have won the money fairly then there is no absolutely no reason for casino's to place a pending period, other than to encourage you to re-gamble.

    I will call out 32Red who have a pending period of 24hrs excluding weekends and no manually flushing, which means if you withdrew money late on a Friday night, then the payment would not be processed until Tuesday (3 days later). Yet this casino has a 9.1 rating....

    Any casino that has a payment pending period should have their rating reduced drastically.

    What do you guys think?

    Thanks
    Zippy
     
    11 people like this.
  2. Apr 6, 2015
  3. Jakestar

    Jakestar Senior Member

    Occupation:
    Aircraft Pushback Driver
    Location:
    Australia
    Totally agree! The biggest reason why I switched my main casino to GUTS is their 2 hour withdrawals, and that was from PartyCasino who pay within 24 hours all the time. Still fast compared to most, but even so, the faster the better, the place I will play.
     
    1 person likes this.
  4. Apr 6, 2015
  5. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I guess you must have missed the earlier threads about the exact same subject.
    If you search for them you will also get to read his opinions.

    Here you have how Bryan are rating accredited casinos.
    http://www.casinomeister.com/casino_ratings.php
     
    3 people like this.
  6. Apr 6, 2015
  7. zippy

    zippy Dormant account

    Occupation:
    finance
    Location:
    Australia
    Couldn't find Brian's post on the subject, but the fact that nothing has changed makes me question whether he places enough weighting on this issue when accrediting casino's.
     
  8. Apr 6, 2015
  9. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    For instance 32Red have lost points because of this, and others too I guess.
    Maybe you don't agree with how Bryan rates them but I guess you probably have to accept that he don't look at only payout time but a lot of more things, which you could read about in the link.

    He is on the road right now for a few days more so you probably need to wait for a more clear answer until he's back :)
     
    1 person likes this.
  10. Apr 6, 2015
  11. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    You will notice that aside from 32red due to their safety, customer service and historical achievements that virtually ALL the 9+ rated sites actually DO have very fast withdrawals so obviously Bryan must have factored this in.
     
    1 person likes this.
  12. Apr 6, 2015
  13. AffGency

    AffGency Banned User - scamming affiliate

    Occupation:
    xx
    Location:
    Malta
    totally agree with OP

    They take our money right away , but they pay us with a delay

    As we see at other Casinos .. it is possible to handle like this

    I just hate to wait for the money i won where i put MY OWN money on line which i work hard for

    32Red was anyhow the last time i played ... still waiting for my cashout of 12.5k

    Its not nice to play with our habit and try to make us play more as we want

    I would not say anything if they take the money with a 24hrs delay , where we still break up the payment process


    best way shld be escrow payments where casinos get e-wallet payments after they pay us
     
  14. Apr 6, 2015
  15. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall

    Yes. Try going and opening a casino on that basis. Sorry but that's utterly ludicrous.
    So, the casino would have no cash-flow. They wouldn't be able to use your deposit to pay the last winner and so-on.
    Then imagine the fraud and chargebacks that would occur from losing players. KYC and finances would be effectively removed from the casinos' control.
    Then what happens if a player won big (30k) and as per the casino's terms would need paying at say 10k a week for 3 weeks?
    The player had deposited 5k so the casino would not be able to use that money for other winners until the 30k had been paid?
    Your assumption is that most casinos are inherently dishonest and should not be trusted without nannying. Almost an insult to the casinos and reps on here.

    Please for your sake don't try to run an online casino business.;)
     
    4 people like this.
  16. Apr 6, 2015
  17. zippy

    zippy Dormant account

    Occupation:
    finance
    Location:
    Australia
    From what I recall 32Red's rating was reduced from 9.5 to 9.1 for implementing a pending period and removing manual flushing.

    I'm suggesting that greater emphasis needs to be placed pending periods when rating casino's.
    All casino's that have a pending period should not have score above say 8. This would then possibly encourage them to remove pending periods in order to be able have a rating greater than 9.

    By giving casino's ratings above 9 for processing payments in 24 hours we are simply accepting that pending period are ok. They're not.
    If you deposit money, play, win and then withdraw you should not be forced to wait. Doesn't make sense.

    I hope Bryan reviews the rating system in order to encourage change that is in the best interests of players.

    Thanks
     
  18. Apr 6, 2015
  19. silcnlayc

    silcnlayc Just one more spin pleez! CAG MM PABnonaccred PABaccred

    Occupation:
    IT Director of Operations
    Location:
    Left Hungary
    I would give all casinos a 10 if they processed in 24 hours. Seriously, you are upset at THIS time frame???? What are you going to do if and when casinos go to 7 day waiting time to process or 30 days to receive funds??? No one thought it would happen but it has started.....called changes.....But seriously....you are upset over 24 hours????.....::::shaking head side to side::::

    .
     
  20. Apr 6, 2015
  21. AffGency

    AffGency Banned User - scamming affiliate

    Occupation:
    xx
    Location:
    Malta
    Sorry but it seems you have no understanding of a healthy run business

    Operators who has legal Licences not such as Curacao and Antigua are bond to keep players Balances segregated to their cash flow.

    If you are going to open a Playtech Casino than you do not get the deposits anyhow right away as Playtech will distribute them in 4 to 6 weeks. So as you see ... Operators do not have cash anyhow right away after a Players deposit in their hand... So pls DO NOT OPEN a casino anytime, as you would go broke if you think that player deposits helps your cash flow !!!

    I have seen over the years many small operators who was thinking exactly the same like you to go bankrupt ... as they counted the deposits Player do into their cash flow
     
    1 person likes this.
  22. Apr 6, 2015
  23. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    I agree with your sentiments, but it's impractical. It sounds like you think the weighting is too little on casinos with >24hrs pending and not 24/7. You cannot score 32red at 8 behind some far less secure and established sites. You also assume that the accredited casinos will implement these costlier measures based just on CM accredited status and membership - we here are only a tiny minority of their players and sometimes we overestimate our presence as we only see things through this forum.
    It may be worth remembering that on here we only see the select casinos and as such the minority of the thousands that exist, so we are judging by a very high mark to start with. Go outside CM and compare 32red or other download MG sites with the tens of Cassava/888 sites with 72-hour pending, or multitudes of Playtech sites with a 96-hour pending, and there are far worse too starting at 10 days for US players.

    The fact is we are spoilt here and forget what it's like outside CM.:)

    On here we know the payment scales for the accredited sites. If that's your prime concern, don't play at the 'slower' ones.
     
    3 people like this.
  24. Apr 6, 2015
  25. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I wish it was that simple. That casinos would change their payout times after how they are rated here. It doesn't work like that :)

    This isn't the center of the universe and sure they can get a lot of good or bad reputation from here, but keep in mind that most players probably don't read this forum. What you instead would do is to lower the reputation for a great group just because they don't pay fast enough.
    I don't think that would be fair either.
     
    3 people like this.
  26. Apr 6, 2015
  27. zippy

    zippy Dormant account

    Occupation:
    finance
    Location:
    Australia
    I'm not upset. Rather, I want casinomeister to hold casino's to account on this issue.

    You seem to merely accept these payment period changes the casino's are implementing.....maybe a senior member you should be questioning them....how else can we get change...::::shaking head side to side::::

    If casino's I play at moved to 7 day pending periods I would stop playing and go back to land based casino's.
     
    1 person likes this.
  28. Apr 6, 2015
  29. AffGency

    AffGency Banned User - scamming affiliate

    Occupation:
    xx
    Location:
    Malta
    I do think that casinomeister has a weight here when it comes to reputable Casinos ... just because every casino operator who is listed here is proud of their reputation ... the ones who not are coming with the phrase ... not the center of the universe ... obv. to make them sleep at night

    I think you under estemate the power of bryan a bit, if he puts them down to 8.5 he will get a ring in 5 minutes and they will ask him why he did that .... and thats a fact .

    You need to remeber that Casinos are not your friend or anything close to that, they want your money and they want you to loose it, in a business like this reputation is worth gold... how many people are just looking to find some infos and they dont register here or take part of any conversation !!!

    If we start now to complain about this 24hrs freeze period than we encvourage other casinos who wants their business to change this ...

    As this is said, any MG Casino with a cash out of 12 hours max. 24/7 has my business
     
    2 people like this.
  30. Apr 6, 2015
  31. rshkrn

    rshkrn Senior Member

    Occupation:
    unemployed
    Location:
    Asia
    rather than that it should be a % of the withdrawal....in slabs maybe....
     
  32. Apr 6, 2015
  33. zippy

    zippy Dormant account

    Occupation:
    finance
    Location:
    Australia
    I'm not just scoring 32Red at 8, rather all casino's that have pending periods (this would cover 99.9%)

    I understand we have little power, but why reward casino's with a good rating when they have pending periods.

    You have to start somewhere.

    Maybe Bryan or other senior members have other suggestions on how we can encourage change, rather than simply accept the status quo.
     
  34. Apr 6, 2015
  35. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall

    Yeah, and so were MetroPlay and Purple Lounge with Maltese and UK licenses respectively.:rolleyes:
    And if Playtech hold for 4-6 weeks where do you think the deposits go after that? The cash flow!

    The SOLE cash income of any casino is deposits. This is how they pay players. The deposits at whichever stage form their cash flow.
     
  36. Apr 6, 2015
  37. AffGency

    AffGency Banned User - scamming affiliate

    Occupation:
    xx
    Location:
    Malta
    thanks for prooving my point here ...

    MetroPlay has lost their licenced because of that , PurpleLounge went to bankrupt .... there is a bit more to the stories but anyhow ..

    You said, first, Players deposit pays the other one ... this indicates that they use deposits right away ... ofc at one point it adds to the cash flow, but not right away ... and as we was talking about delays, it makes your Post not coming even close to the real world of online casinos.

    I understand your point too.. but Im not sos ure why you want to protect a Casino which has a 24hrs reverse withdrawl time to encourage you playing more as you want or is good for you ? Dont you want your cash asap ? If yes, why we dont try to push them togheter for this .

    I just quit a casino and closed my account because of latw cashouts and i have told them ... need to say I deposit a bit more as avergae and they call me and write me since than to reopen it and they shorten the time from 3 days to 24hrs max. in a week for me ... but im not reopen it as 24 hrs is still way too bad ..
     
  38. Apr 6, 2015
  39. Jono777

    Jono777 Meister Member CAG mm4 mm1

    Occupation:
    Self- Employeed
    Location:
    Wolverhampton
    Soon as I saw this thread title I saw (32) Red :p and jumped for the 'reply to thread' button, guess I'll have to get out of bed earlier - Nice 1 ;)
     
    1 person likes this.

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