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Why is cash not an option?

Discussion in 'Payment Processing Issues' started by silcnlayc, May 2, 2012.

    May 2, 2012
  1. silcnlayc

    silcnlayc Just one more spin pleez! CAG MM PABnonaccred PABaccred

    Occupation:
    IT Director of Operations
    Location:
    Left Hungary
    I read somehwere that a casino sent cash to a winner at one time when the fiasco of the payment processors were being hit hard by rules and regulations. Why isn't cash an option? I have always wondered that.

    If a check can be sent by registered mail, why can't cash be? If one has to sign for the overnight envelope anyway, why isn't cash an option too? I know if I had my choice, I would choose this EVERYTIME , even if it meant waiting a few extra days for it. Once cash is sent, and registered by mail...and delivered...and signed for... (once a peek inside suggests all is well before signing) what stops the casinos from doing this???

    Just wondering since one casino has already done this and it worked well for the customer and the casino!

    .
     
    1 person likes this.
  2. May 2, 2012
  3. Perc

    Perc Experienced Member webmeister

    Occupation:
    Webmeister
    Location:
    Canada
    It's risky to send cash because if it was lost or stolen, it's gone forever. If you send a check and it gets lost or stolen, you can always cancel the check and send a new one.
     
  4. May 2, 2012
  5. silcnlayc

    silcnlayc Just one more spin pleez! CAG MM PABnonaccred PABaccred

    Occupation:
    IT Director of Operations
    Location:
    Left Hungary
    If it was registered and got lost or stolen, the insurance would kick in to cover any loss I believe, so that wouldn't make a difference IMO , I would think.


    .
     
  6. May 2, 2012
  7. Tirilej

    Tirilej Still a Lady CAG MM

    Occupation:
    Breathing
    Location:
    Sweden
    The sad thing with sending money that way is that it would be too risky for those who deliveres them.
    There are too many robberys as it is, and since cash soon not will be an option anywhere, I don't think it's such a good idea.
    Having too much money at my home would make me feel vulnerable.
     
  8. May 2, 2012
  9. ksb11

    ksb11 Senior Member

    Occupation:
    Personal Trainer
    Location:
    Wait'n for a payout!
    I'm with ya, silc. I don't understand why insurance wouldn't cover it. Then again I'm probably showing my awesome ignorance!
     
  10. May 2, 2012
  11. LaHutti

    LaHutti Sr. ÜberUnter Ass. Man. webby PABnonaccred PABaccred

    Occupation:
    .
    Location:
    East and West
    Now I don't know the law regarding cash in mail, in the states. I know in Denmark, and at least some other other eu countries it's illegal to mail cash.

    Edit: Seems like it's not illegal in the states, from what I can find online, but not recommended.
     
  12. May 2, 2012
  13. Mojack

    Mojack Dormant account

    Occupation:
    Living
    Location:
    USA
    US Mail

    I found this info online regarding sending cash via USPS, however I'm unsure about the legality of gambling winnings and it is not specifically addressed in the links.

    You must register/login in order to see the link.

    You must register/login in order to see the link.
     
    1 person likes this.
  14. May 2, 2012
  15. lnspin

    lnspin Senior Member webmeister

    Occupation:
    Webmaster - Mygamblinglife.com
    Location:
    WorldWide
    How about prepaid credit cards that can be used at atms.. Would be safer as if lost can be cancelled
     
  16. May 2, 2012
  17. silcnlayc

    silcnlayc Just one more spin pleez! CAG MM PABnonaccred PABaccred

    Occupation:
    IT Director of Operations
    Location:
    Left Hungary
    Excellent info, thank you. So it is NOT illegal to send cash it seems in the mail. even large sums. Interesting!!

    From USPS Link:You must register/login in order to see the link.

    Please note that losing a check in the mail is NOT insurable...go figure! Give me cash anyday! :thumbsup:

    .
     
    Last edited: May 3, 2012
    1 person likes this.
  18. May 2, 2012
  19. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA
    I would love to have cash or, better yet, a prepaid card.

    Intertops tried a long while ago to have their own card but it never worked out for them. It would be so nice to have something like that. I don't care if I have to have one for each casino I played at. LOL!

    I remember the old Payspark ewallet. They had a card and it was so nice.
     
  20. May 3, 2012
  21. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    If a cheque is lost, you can ask the drawer to stop it and reissue it.
     
  22. May 3, 2012
  23. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    When I last visited Vegas (2004 unfortunately :() I had a Neteller cash card which I just used at ATM's to draw my online casino winnings to use as spending money.

    Those were the days, eh?

    KK
     
    1 person likes this.
  24. May 3, 2012
  25. max1mike

    max1mike Dormant account

    Occupation:
    carpenter
    Location:
    USA
    NO SHIT!!!

    I was just gonna mention that.

    gimme back my neteller!!!!

    KK.... take some of the zillions that you have won from 32red (and were paid within milliseconds) :) and stop by and see us again.

    we're finally getting a casino in Cleveland...(4 actually in Ohio)I would be more than happy to offer a tour of our city!
     

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