Why instantaneous cashouts to ewallets are not standard throughout poker houses?

    • suaveplayer
      suaveplayer
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      Joined: 08.08.2009 Posts: 109
      Assuming that all your documentation is a hundred per cent verified, why aren´t cashouts instantaneous to ewallets as a standard?

      I mean, why kind of difficulties prevent the poker houses from making it mostly an instantaneous operation?

      Obviously I´m referring to non hefty sums, like anything under 10k USD. Sure, if someone requests a 30k USD cashout then obviously some sort of security is necessary for the protection of the users themselves.

      But for the average player, requesting 3k and then it taking long to proccess is pretty annoying.
  • 8 replies
    • SPeedFANat1c
      SPeedFANat1c
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      Joined: 04.01.2009 Posts: 5,138
      they probably leave themselves right to not to give you the money someday if they want :D
    • GraemeDR
      GraemeDR
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      Joined: 19.01.2011 Posts: 156
      Because if you pay money in from one source and pay out to another then you can use the poker rooms to launder money. If the proceeds of crime are paid to a company without them knowing where the money came from then paid out to another account of any kind it is clean money and the company performing the transaction is responsible. E-Wallets are easy ways to do this so some companies choose not to take that risk. Some do, so why not just play somewhere that does? Cake Poker or Pokerstars for example.
    • conall88
      conall88
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      Joined: 02.01.2009 Posts: 1,715
      for liquidity reasons
    • suaveplayer
      suaveplayer
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      Joined: 08.08.2009 Posts: 109
      Originally posted by conall88
      for liquidity reasons
      What do you mean by that?

      That they don´t have all the players´ money segregated from the operational money like they should?
    • conall88
      conall88
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      Joined: 02.01.2009 Posts: 1,715
      do you really think banks have 100% of deposits available 100% of the time? why do you think banks freak out when people withdraw en masse?

      poker rooms are no different. a poker room is like a bank where you control the interest rate by your actions imo.

      anyway it makes sense for them to use part of the money deposited to generate interest elsewhere. helps them reduce costs and eek out profits.
    • thazar
      thazar
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      Joined: 14.09.2009 Posts: 6,561
      Originally posted by conall88
      do you really think banks have 100% of deposits available 100% of the time? why do you think banks freak out when people withdraw en masse?

      poker rooms are no different. a poker room is like a bank where you control the interest rate by your actions imo.

      anyway it makes sense for them to use part of the money deposited to generate interest elsewhere. helps them reduce costs and eek out profits.
      well it is a bit different in the way that as part of their gambling licence poker rooms generally have to segregate player funds and by that it means that yes they should have the 100% funds available.
    • idiopatic
      idiopatic
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      Joined: 14.04.2011 Posts: 72
      the poker room is NOT a bank and it shouldn't even act like one for a few reasons:
      - you are not receiving interest for you poker balance.
      - after making a deposit you can't withdraw unless u rake some no of hands and in that proces you can loose the hole amount.
    • suaveplayer
      suaveplayer
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      Joined: 08.08.2009 Posts: 109
      Originally posted by conall88
      do you really think banks have 100% of deposits available 100% of the time? why do you think banks freak out when people withdraw en masse?

      poker rooms are no different. a poker room is like a bank where you control the interest rate by your actions imo.

      anyway it makes sense for them to use part of the money deposited to generate interest elsewhere. helps them reduce costs and eek out profits.
      Originally posted by idiopatic
      the poker room is NOT a bank and it shouldn't even act like one for a few reasons:
      - you are not receiving interest for you poker balance.
      - after making a deposit you can't withdraw unless u rake some no of hands and in that proces you can loose the hole amount.
      Idiopatic´s reasoning makes a lot of sense.