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Slots.com payout limit

Discussion in 'Online Casinos' started by Slotmachine, Nov 1, 2005.

    Nov 1, 2005
  1. Slotmachine

    Slotmachine Dormant account

    Occupation:
    Management
    Location:
    US
    Hey CM, what's up with the $5000 per week withdrawal limit these new CM approved casinos slots.com et al have? Is that acceptable? I was half considering signing up for their bonus, but that turned me down.
    Cheers,
    SlotMachine
     
  2. Nov 3, 2005
  3. amandajm

    amandajm Experienced Member

    Occupation:
    Watch
    Location:
    London
    You must register/login in order to see the link. >> All payouts over $5,000 will be paid out via installments not exceeding $5,000 per week

    Gold Rally progressive is on 300k. I guess the payout comes from the software supplier, rather than the casino itself mr Slotmachine.

    Apart from that. there are a reasonable amount of casinos that have the 5k limit.
     
  4. Nov 3, 2005
  5. Slotmachine

    Slotmachine Dormant account

    Occupation:
    Management
    Location:
    US
    Limits

    Thanks for the response Mr Amandajm. To me, the 5000 limit is unattractive. I understand it from the Casino's point of view, especially if their liquid assets are lacking. Plus I guess it gives them additional time to double check against any fraud. However, I'm inclined to stick to casinos that have no need for this kind of limit, if you know what I mean. Cheers,
    SM
     
  6. Nov 3, 2005
  7. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    I spoke to the CEO about this before bringing them on board, and this policy is seldom implemented. They usually just pay the person straight out.
     
  8. Nov 3, 2005
  9. The Gunslinger

    The Gunslinger Dormant account

    Occupation:
    Information Security
    Location:
    Mid-World
    I've been paid out from Slots.com in installments.

    I'm not complaining. It was a $8000ish w/d. Two payments came into NT about a week after the w/d ($2500 ea. as that is the default software limit at this casino for a single w/d) and the remainder came promptly a week later.

    If you were thinking of signing up at that casino Slot, even for their full deposit bonus, if you were expecting to win anything more than would take two weeks to payout ... I think you're more likely to walk away without having to worry about the cashout process.

    But really $5k/wk. is reasonable. If you need your money faster than that, I'm sure you can negotiate with the casino management to have your limit raised ... assuming of course that if you're going to be withdrawaling over $20,000 a month; your deposits must be high enough to warrent VIP status, unless of course you're just really lucky :)

    The Gunslinger
     
    Last edited: Nov 3, 2005
  10. Nov 4, 2005
  11. elscrabinda

    elscrabinda Experienced Member PABnorogue PABnoaccred

    Occupation:
    jvonsofdmpvs
    Location:
    Oxford
    I always understood that although it wasn't a condition of CM membership to pay out withdrawals in one go, a refusal to do so was certainly cited as a sign of a dodgy casino. I don't have a quote but I seem to remember Bryan (or one of the big people here) saying something along the lines of "if they can't afford more than $4k/week you shouldn't be playing with them" referring to Golden Palace. I trust slots.com but it does give the impression of possible cashflow problems
     
  12. Nov 4, 2005
  13. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Mainstreet can afford more than 4k a week :D.

    In most cases, the limits on payouts is not an indicator of a cash flow problem, it's related to how the casino moves its cash around. It's also a surprise to players when they don't realize this is what they are in for. 4k - 5k a week is reasonable IMO. 2k a month is not. The main thing is that the players need to be aware of this.

    It's when casinos implement this out of the blue, or stall (like Cirrus is infamous for) that a cash flow problem might be an issue.
     

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