W/D question

[babs7262]

I won at Inet and did a $340 w/d expecting to get $300 , $30 for QT and $10 from my back BUT my deposit was only $287??. The $30 was right, and the bank for $10 was right, where did my other $13 go?

 

[jas2587]

I won at Inet and did a $340 w/d expecting to get $300 , $30 for QT and $10 from my back BUT my deposit was only $287??. The $30 was right, and the bank for $10 was right, where did my other $13 go?

yes $30 for quick $10 your bank could it be that Inet
only did $327
it is a odd figure for sure
as my bank an qt does the same charge $30 an $10

dang if I know

Good Luck
Cindy

 

[Jasminebed]

Babs, I think you should be asking Inet customer support that question.

Keep us posted.

 

[babs7262]

I heard it was the processor taking a little cut for themselves but cannot prove this. I know its not INET or my bank so it has to be. jerks

 

[RobWin]

I heard it was the processor taking a little cut for themselves but cannot prove this. I know its not INET or my bank so it has to be. jerks

What did INetBet say ??

 

[Mousey]

Not unusual... in my experience ... QT $30, Bank $10 - $20, unknown middle man $10 - $20.

Costs a lot to push a button authorizing a money transfer from one part of the world to another.

 

[EasyRhino]

Clarify where the money went "missing".

Between inetbet and quicktender?
or
Between quicktender and your bank?

And on the bank side, can you determine if the transaction was processed as a "wire transfer" or as an "ACH (or EFT) deposit"?

 

[babs7262]

It was lost between QT and me. It got to QT as $340 , QT made $310 available so its gotta be the QT processors because my bank only took $10


oops forgot, i did pm inet, didnt hear anything back yet

 

[Jasminebed]

Well babs, you need to be asking QT then. It seems to me that most of these ewallets present problems and charge quite a high fee for payments to your account.

Once you factor in all the charges involved in electronic money transfers, the higher rate of return for online slots vs bricks and mortars seem to evaporate. Add in the faster rate of spinning, no getting up to move to another machine, dig into your wallet, tip the free drink gal (did I mention there are free drinks...only pop & coffee in Ontario the Good), and I think the B&M's give a comparable rate of return without as much hassle.

But like many here, my health provides limitations, so I keep spending. Even with my prepaid mastercard, accounts I play in Canadian funds sometimes convert it first to US funds, and then to Cdn dollars, so I get hit with a foreign transaction fee.

You will probably find that they have a right to charge you this much, but maybe not. And how many people will let $5, $10, $13 slip rather than spend hours sorting it out?

Don't stop asking until you have an answer that satisfies you Babs.

 

[EasyRhino]

Okay babs, it sounds like inet is not in the picture. And there is a very good chance that these fees were all perfectly normal, but here's what you need to clarify:

From Quicktender:
- confirm the amount of withdrawal sent to you, after their fees (Probably $310)
- Confirm the method used to send the funds. It's probably either wire transfer or ACH/direct deposit.

From your bank:
- Confirm the fee charged by your bank for receiving the transfer. You can probably see this on your statement
- Confirm the method used to receive the funds. Again, it's either wire transfer or ACH/direct deposit.
- Ask if there are any other fees that may apply to your withdrawal.

The likely cause is that your transaction was processed as a wire transfer. If so, here's the breakdown:

1) You start with $340 in quicktender.
2) Quicktender takes $30 for themselves
3) Quicktender sends $310 through the international banking system.
4) An intermediary bank takes a $13 "lifiting fee" for doing the international wire
5) $297 hits your bank account
6) Your bank takes $10 for receiving the wire transfer.

However, ACH transactions would be unlikely to have this fee, which is why the method of transfer is important. In fact, my last Quicktender withdrawal (last month), I only paid the $30 to QT and no other fees, because it was processed as ACH.

 

[babs7262]

You know Rhino

That makes sense because I do have an inter bank. The only reason why Im asking though is because Ive gotten QT before and this is the first time money is missing. It was right the other few times. Its just not right, I won $340, I should get $340 and there's gotta be a better way than 3 diff people scooping some for themselves.

 

[mercy]

For the first time Babs, the same thing happened to me. My 500.00 withdrawal was reduced to 447.00 in my bank account. 30.00 from QT, where the other 23.00 went is anybody's guess. My bank had never charged me before.

This makes online gambling almost out of my reach as I don't want to pay 53.00 to get my money. I could spend that by driving to the nearest casino and the gas wouldn't cost as much

 

[babs7262]

I understand its a tough world out there and people need to make their money BUT...atleast have the guts to tell me!!

 

[EasyRhino]

mercy, is YOUR bank showing the money as a wire transfer or an ACH deposit?

 

[winbig]

mercy, is YOUR bank showing the money as a wire transfer or an ACH deposit?

AFAIK, all transactions coming from QT are wires. This is why we can't register a Netepend reloadable card with them as a WD method.

 

[missmichelle]

I withdraw from qt to wired plastic. I am charged 30.00 from qt and 6.95 from wired plastic. As of last week nothing else was grabbed. It gets real expensive to receive our money but they know we are stuck. Hope you find out where it went.

Michelle

 

[mercy]

mercy, is YOUR bank showing the money as a wire transfer or an ACH deposit?

Sorry it took so long to answer this. All of my withdrawals from qt have shown up as wires for the last year. Every one had only 30.00 deducted from qt. except for the last one.

Your question had me searching my online statements for the last year and everything down to the wording of the wire is the same.

 

[silcnlayc]

QT, Usemywallet, or whichever does a wire transfer is charged by both ends, the bank and the service provider...here I show a fee for $15.00

10/24/2008 Other MISCELLANEOUS FEE DOMESTIC INCOMING WIRE TRANSFER $15.00
$332.01 10/24/2008 Deposit FUNDS TRANSFER (ADVICE xxxxx0008613)

This is copied directly from my bank statement....

Yes, we get dipped by everyone except the casino..I have never been charged by any casino for a wire because all they do is transfer funds to the QT account at no cost to us as players it seems..only the banks and provider get their cut!

 

[babs7262]

QT, Usemywallet, or whichever does a wire transfer is charged by both ends, the bank and the service provider...here I show a fee for $15.00 This is copied directly from my bank statement....

Yes, we get dipped by everyone except the casino..I have never been charged by any casino for a wire because all they do is transfer funds to the QT account at no cost to us as players it seems..only the banks and provider get their cut!

Oh Yes
I agree with you. I knew it wasnt the casino because everything hit QT right so I know it had to be someone after the casino