[diogee]

Interesting little tid-bit....a year to cancel payment seems bogus to me. Why would a bank offer that long since about the only use would be to scam people out of money? Either way I am not going to play there because I have a local that I work with that gives me a credit limit of my choice and 10% bonus on post-up with no roll over.

[diamond]

Just saying, dont give them any ideas

[diogee]

I think that I have read that they are based in Costa Rica so why use a Canadian bank...is this common practice for books due to the US restrictions and making it easier to move funds without questions?

[Sportsgirl]

Quote:
I recieved a check from them took it to the bank and manager came out to talk to me about the check. They said they have to send it to there bank to verify funds then it is sent back. Also canadian banks have up to 1 year to request a refund or stop payment on the check. Thats where they are going to get everyone. They have you with the check, then down the road next thing you know they going to take money back out of your bank for a stop payment on that check from 6 months or 8 months ago. Then all hell going to break loose
although everyone calls them 'checks' they are technically "bank drafts". They look just like checks, but the process is much different for your bank to get the money. Unless the processors bank has a corisponding USA bank, what you get from most sportsbooks is a bank draft and not a check. and yes, it could take months for the bank draft to come back 'dishonored'

Admittedly, I do not know much about gambling; however, I did used to be the Operations Manager of a bank in Florida and I can tell you this, once a negotiable instrument (check, draft, ***********, etc.) has been negotiated (deposited, cashed) then that's the end of the line for that document. If your draft or check or whatever is deposited to your account, your bank has the right to put a "hold" on that item for a specific amount of time, not to exceed 30 days, if my memory serves me. If the check or draft is cashed by your bank against an account you have, there is maybe a 5-day turnaround to see if the check has been returned unpaid.
After these time periods, neither bank has any recourse against you.

[WileOut]

this was from a CW thread across the street....I challenge ALL of the CW touts to respond to this....cause this is a A+ book and everything....and they 'pay' people you know




Quote:
I recieved a check from them took it to the bank and manager came out to talk to me about the check. They said they have to send it to there bank to verify funds then it is sent back. Also canadian banks have up to 1 year to request a refund or stop payment on the check. Thats where they are going to get everyone. They have you with the check, then down the road next thing you know they going to take money back out of your bank for a stop payment on that check from 6 months or 8 months ago. Then all hell going to break loose
although everyone calls them 'checks' they are technically "bank drafts". They look just like checks, but the process is much different for your bank to get the money. Unless the processors bank has a corisponding USA bank, what you get from most sportsbooks is a bank draft and not a check. and yes, it could take months for the bank draft to come back 'dishonored'


see the response post below.....



I'm not saying creditwagering is sending out bogus checks/bank drafts as almost everyone offshore has to send 'checks' using this method.

also there is no way to know if a bank draft will be honored or not in advance. your bank basically sends the draft to the bank it was written from and crosses its fingers that bank sends them the money one day... normally they do, but nothing prevents them from not.

This doesn't make sense. Sportsgirl knows what she is talking about.

If it is indeed a "bank draft", then it would be guaranteed to be good.

http://www.investopedia.com/terms/b/bank_draft.asp

also....

http://answers.yahoo.com/question/in...=1006050118511

[Sportsgirl]

Sportsgirl knows what she is talking about.

This is my second favorite post, ever.

[mofome]

Admittedly, I do not know much about gambling; however, I did used to be the Operations Manager of a bank in Florida and I can tell you this, once a negotiable instrument (check, draft, ***********, etc.) has been negotiated (deposited, cashed) then that's the end of the line for that document. If your draft or check or whatever is deposited to your account, your bank has the right to put a "hold" on that item for a specific amount of time, not to exceed 30 days, if my memory serves me. If the check or draft is cashed by your bank against an account you have, there is maybe a 5-day turnaround to see if the check has been returned unpaid.
After these time periods, neither bank has any recourse against you.

[WileOut]

This is my second favorite post, ever.

I'm HONORED