- Joined
- Feb 25, 2004
- Location
- East Coast, USA
Bank wires are basically instantaneous transfers from one financial institution to another. There may be a hour or two delay while it goes through the clearinghouse, but always same day. Even if a bank wire is coming from another country, it should be within 1 - 2 days. I know it can happen because in a recently settled dispute with an accredited casino, they wired the agreed amount to my bank and it was there the next day.
So even if a casino is not in the US, why is it acceptable for a bank wire withdrawal to take "5 to 15 business days" to arrive at my bank. The casino shall remain nameless at this point because I don't have any other issues with them. But with this particular withdrawal it already "got hung up with our intermediary processors and was delayed, but we have sent it again" (read "we are now starting over again with the 5 to 15 days).
I thought that one of the rules of being an accredited casino was TIMELY payouts. And this time delay is on top of a rediculous $60 up front fee and a warning that intermediary banks might take more out.
Thoughts? Particulary from CM folks who handle accredidation.
So even if a casino is not in the US, why is it acceptable for a bank wire withdrawal to take "5 to 15 business days" to arrive at my bank. The casino shall remain nameless at this point because I don't have any other issues with them. But with this particular withdrawal it already "got hung up with our intermediary processors and was delayed, but we have sent it again" (read "we are now starting over again with the 5 to 15 days).
I thought that one of the rules of being an accredited casino was TIMELY payouts. And this time delay is on top of a rediculous $60 up front fee and a warning that intermediary banks might take more out.
Thoughts? Particulary from CM folks who handle accredidation.