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Author: [Gaming Industry - US] Topic: 5dimes Check Payout Disclaimer Change
RandyN29 send a private message View Space | Friends | Playbook |
RandyN29
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#1
Posted: 8/8/2012 12:35:30 AM
First of all I'd like to say that I've had no issues with 5dimes and have had great success on their site and no problems with check payouts "so far".  I've utilized check payouts on all withdraws but the below has me cautioned.  Can anyone provide insight on the policy change?

Stop payments cannot be performed by the merchant. In order to receive a refund of a check payout, the original check must be mailed via express courier to the 5Dimes Group headquarters. Credits will not be issued until the check is in our possession. Express courier charges or any other fees incurred will not be covered. Contact Customer Service via Live Help to have the mailing instructions sent to you.
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deegen send a private message View Space | Friends | Playbook |
deegen
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#2
Posted: 8/8/2012 12:23:11 PM
my bank doesnt return a copy of a deposited check to me. 
so how would that work?
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daLOCKSMITH send a private message View Space | Friends | Playbook |
daLOCKSMITH
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#3
Posted: 8/8/2012 1:30:59 PM
get a chase account and deposit with an iphone...problem solved
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RandyN29 send a private message View Space | Friends | Playbook |
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#4
Posted: 8/8/2012 2:51:12 PM
Can someone explain what that disclaimer means...sorry but why would one need to send a check back unless 5dimes sends a check that bounces?  Hopefully this isn't a scam to make it even harder then what it already is to get paid out at most books.  So far 5Dimes seems to be the best at payouts, I'm curious why this policy has changed though or what could have caused it to change.
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Snappa send a private message View Space | Blog | Friends | Playbook | My Sportsbook: 5Dimes |
Snappa
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#5
Posted: 8/8/2012 11:56:25 PM
I don't get it either, Randy.  I've never had a problem with 5Dimes check redemptions, and I plan on making a withdrawal in a few days(next Monday when they have a free withdrawal period).

Strange, though.  I am not able to access the site all of a suuden.  It is Wed., 8/8 about 8:50 PM PT, and I can't log in.  Anyone else having this problem?
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Steal send a private message View Space | Friends | Playbook |
Steal
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#6
Posted: 8/14/2012 2:56:39 PM
just happened to me.

my check was damaged, had to request stop payment and send check bacl.

i was banned from check withdrawal and had to pay $250 for MY friggin money.
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GOPHERNATION12
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GOPHERNATION12
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#7
Posted: 8/14/2012 5:07:41 PM
Simple explanation. They have been struggling with cash flow for almost a year. Now they know that they can buy a lot of time improving their cash flow. The scam works like this:

I have $8,000 in my account and want to take out $6,000 because I have had a lot of success during baseball season and will start NFL with $2000, So I go to 5dimes and request a check payout of $3000 on Monday and another $3000 the following Monday. about 8-10 days the first check arrives and I deposit it. In a week after that the second check comes and I deposit that. The first check is returned NSF so the bank and (I know all of mine do) presents the check a second time and it comes back NSF. Now you are into this 3-4 weeks when the letter from your bank arrives telling you the check bounced. You start to get worried about the second check and rightfully so. you call 5dimes and they tell you they need original check back and by Fed Ex. You call your bank and they can send it to you the next day. Two days later you are ready to send it back but decide to wait a couple of days and put both checks in one package. Now you are well over 5 weeks and finally the checks are on their way to 5dimes. They take a few days "investigating" and then say yes, there must have been a problem, and oh you are banned from check withdrawals. Okay, you want your money paid fees and have dropped a couple hundred going through this process. You go to withdraw but MG or WU are your only real options. They limit the withdrawals however to less than $1000 per every 8 days. So to take out 6 withdrawals for close to $6000 it takes another 48 days minimum to withdraw it all in addition to the first 6 weeks you waited to get the checks back to them. And this is best case because once they credit your account after 6 weeks they are expecting you to lose some, most, or all of it wagering.

They truly are 5crimes!
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deegen send a private message View Space | Friends | Playbook |
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#8
Posted: 8/16/2012 2:30:12 AM
QUOTE Originally Posted by Steal:

just happened to me.

my check was damaged, had to request stop payment and send check bacl.

i was banned from check withdrawal and had to pay $250 for MY friggin money.

what was the $250 for?
is that their fee for a reissue?
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