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Why do casinos pay like this?

Discussion in 'Online Casinos' started by 2young2care, Jan 10, 2009.

    Jan 10, 2009
  1. 2young2care

    2young2care Experienced Member

    Occupation:
    slots
    Location:
    around the corner
    I made a withdrawal of 602.73. I received it, of course. But my withdrawal statement always looks like this below. How come it's always broken up into these itty bitty amounts?

     
  2. Jan 10, 2009
  3. kmay87

    kmay87 Meister Member PABnononaccred PABaccred2

    Occupation:
    Barrister
    Location:
    England
    Was the withdrawal to Neteller or similar? I would imagine the charges to be smaller when sending smaller amounts.
     
    1 person likes this.
  4. Jan 10, 2009
  5. 2young2care

    2young2care Experienced Member

    Occupation:
    slots
    Location:
    around the corner
    I guess that makes sense. I use QT for my withdrawals. I noticed Rival and MG casinos do it. Never noticed it broken down like that for RTGs. I was kind of curious. :)
     
  6. Jan 10, 2009
  7. kmay87

    kmay87 Meister Member PABnononaccred PABaccred2

    Occupation:
    Barrister
    Location:
    England
    I could be wrong of course :) but it makes sense. I'm sure someone else will be along if there is a more complex reason behind it.
     
  8. Jan 11, 2009
  9. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    :confused: But they'd still add up to the same charges....?
     
  10. Jan 11, 2009
  11. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    This looks like a JF withdrawal statement. What happens is they show the reversal of each deposit that was made since the last withdrawal, followed by any win. I don't know why they do this, but it makes no difference to the player other than to confuse them. In the past, I would see each reversed deposit reflected in my Neteller statement or card statement, but it seems this has changed, and statements now only show the total received. This, of course, can add to the confusion, since the statement in the receiving account no longer shows the itemisation in the withdrawal statement from the casino.

    I believe there is cost involved, in that sending back reversed deposits + win is cheaper for the processor than simply sending back the lump sum. It seems reverse logic though, as more "work" seems to be involved in splitting it up as against sending a single sum, however, all this "work" is done by computer, so it does not cost any more for the processor, yet they stand to save if they pay lower fees operating in this manner.
     
    1 person likes this.
  12. Jan 12, 2009
  13. Avatar73

    Avatar73 Experienced Member

    Occupation:
    Pilot
    Location:
    UK
    i can't point you to "proof", but i believe the answer is quite simple.

    Certainly at some casinos, they will refund via deposits. So the 'agent' doesn't see a payout, it just sees "cancelled deposits". therefore the casino won't be charged for the transaction, because it effectively got cancelled, and the player effectively gets all the money he withdrew.

    that is one sounds explanation. however, intercasino US does seem to split it into random sums, ending xx.50. normally two sums. not relating to anything. no idea why! perhaps they think it makes them less detectable as a casino?!
     
    1 person likes this.

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