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Bookmaker check Bounced!! Are they going Under!!

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Views: 4188
Posts: 5
 
Prospect
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Joined: Dec, 2009
Posts: 25
Posted: #1
I was finally up a small amount of money for the year.  I started with $500 and finished with just over $2,000.  I cashed out at Bookmaker. They sent me a money order for $2,046 drawn from a Canadian Bank.  

Well, it bounced earlier this week and the bank charged me a fee.  I contacted Bookmaker, but haven't even received a direct response as to what they are going to do.  Everyone says they are an "A" book, but common, you can't even cover a $2,000 check.  How solvent are they!!! WARNING, WARNING!!  
 
Prospect
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Joined: Jul, 2002
Posts: 171
Posted: #2
when did you deposit your check into your acct.....i got one from them and deposited on april 9th for 2500 and it was ok....but im waiting for another 2500 so that gets me a little worried.
 
Prospect
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Joined: Dec, 2009
Posts: 25
Posted: #3
It was just this past Monday.  The just credited the money back into my account, so now I am at square one again.  
 
Banned
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Joined: Sep, 2009
Posts: 2142
Posted: #4
Don't EVER EVER EVER request a payout via check.  If you read enough of the forum postings regarding this, a lot of online books use 3rd party vendors whose checks bounce.  Bookmaker is solid, but I think they use some shitty banking vendors.  I use either Western Union payout or the Debit Card...which I highly recommend.  I requested a payout for $1,500 on the Bookmaker issued debit card on Monday...and it hit my card on Tuesday.  You can then go to most any ATM and withdraw the funds (up to 4 transactions a day). 
 
 
Legend
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Joined: Jan, 2003
Posts: 32362
Posted: #5
Quote Originally Posted by kma_books:

Don't EVER EVER EVER request a payout via check.  If you read enough of the forum postings regarding this, a lot of online books use 3rd party vendors whose checks bounce.  Bookmaker is solid, but I think they use some shitty banking vendors.  I use either Western Union payout or the Debit Card...which I highly recommend.  I requested a payout for $1,500 on the Bookmaker issued debit card on Monday...and it hit my card on Tuesday.  You can then go to most any ATM and withdraw the funds (up to 4 transactions a day). 



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