BODOG BLOCKING NETELLER FROM US RESIDENTS
 

I went to deposit on bodog and there was not a neteller option. Anyone?

-edited title to be more clear and so we didn't have duplicate threads. -P

Re: bodog and neteller
 

I still have that option. Also WTF is up with 2+2 I can't get it to load really tonight.

-Brendan

Re: bodog and neteller
 

Were you trying instaCash? It has been blocked for USA clients.

Re: bodog and neteller
 

bodog has decided NOT to accept any and all incoming NETELLER deposits, effective immediately. this is a seperate issue from the instacash rejection problem facing all books.

Re: bodog and neteller
 

Trix where you hear that from????


EDIT: Just tried and got this shiat

Your request could not be completed. This merchant does not accept funds transfers from your area of residence.

Bodog dumping US or Neteller or WTF?

-Brendan

Re: bodog and neteller
 

neteller, it's been official for a few hours now. bodog likely will still accept u.s players as that's their lifeblood, ironically you should hope they still accept u.s residents when you w/d b/c the day they stop taking u.s wagers is likely the day they become insolvent. best way to deposit to bodog now i suppose is e-check, however why anyone still would is beyond me.

Re: bodog and neteller
 

Other than raping them on Prop bets for a few grand a year and maybe taking advantage of the good Dog lines they deal me I wouldn't ever consider moving most of my sportsbetting there.

-Brendan

Re: bodog and neteller
 

[ QUOTE ]
neteller, it's been official for a few hours now. bodog likely will still accept u.s players as that's their lifeblood, ironically you should hope they still accept u.s residents when you w/d b/c the day they stop taking u.s wagers is likely the day they become insolvent. best way to deposit to bodog now i suppose is e-check, however why anyone still would is beyond me.

[/ QUOTE ]

Wow. I have $5k in Bodog. Do you think it is safe?

Re: bodog and neteller
 

it's safe until the superbowl

Re: bodog and neteller
 

bodog is my main poker site so i am curious when i hear people say it is one of the most vulnerable books...

i thought of it as fairly secure because it is likely to be one of the last holdouts. ayre had his house raided once, he isn't in the u.s., they truly do depend on u.s. business...

afaik there hasn't ever been a major, well-respected sportsbook with solid cash assets that cut and run, so, i don't know, it doesn't seem that likely to me.

Re: bodog and neteller
 

BetOnSports or BOS was a well respected book that when the US hit them up side the head they folded with all the US players money. They might have like a 2% chance of ever getting it back.

-Brendan

Re: bodog and neteller
 

i disagree that BOS was a well-respected (or major) book

Re: bodog and neteller
 

it has long been speculated that bodog is dependent on incoming deposits to become solvent, in that it does not have rock solid financial underpinnings of the greek and cris, nor do they keep their funds in escrow or short-term guaranteed investments like neteller and pinny.

basically whatever money they have on hand they spent, on the theory that it will generate more income down the line thru additional deposits. you can witness this by seeing the ridiculous millions upon millions they spent on self-serving advertisements (bodog girls anyone?).

the fear is not that they will intentionally cut and run, but that once betting market bottoms out due to the current regulations, their incoming deposit wells will dry up and they don't have the funds in reserve to be able to pay out everyone who currently still have funds in their account. think of it as a glorified pyramid scheme

Re: bodog and neteller
 

[ QUOTE ]
i disagree that BOS was a well-respected (or major) book

[/ QUOTE ]

Re: bodog and neteller
 

[ QUOTE ]
[ QUOTE ]
neteller, it's been official for a few hours now. bodog likely will still accept u.s players as that's their lifeblood, ironically you should hope they still accept u.s residents when you w/d b/c the day they stop taking u.s wagers is likely the day they become insolvent. best way to deposit to bodog now i suppose is e-check, however why anyone still would is beyond me.

[/ QUOTE ]

Wow. I have $5k in Bodog. Do you think it is safe?

[/ QUOTE ]

I think your money is safer at Bodog than at other books, but I would recommend cashing out and doing an EFT from Neteller to your bank account (or using your preferred method). It will be easy to get funds back online down the road if the dust settles.

Re: bodog and neteller
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
neteller, it's been official for a few hours now. bodog likely will still accept u.s players as that's their lifeblood, ironically you should hope they still accept u.s residents when you w/d b/c the day they stop taking u.s wagers is likely the day they become insolvent. best way to deposit to bodog now i suppose is e-check, however why anyone still would is beyond me.

[/ QUOTE ]

Wow. I have $5k in Bodog. Do you think it is safe?

[/ QUOTE ]

I think your money is safer at Bodog than at other books, but I would recommend cashing out and doing an EFT from Neteller to your bank account (or using your preferred method). It will be easy to get funds back online down the road if the dust settles.

[/ QUOTE ]

My concern is that I have to have the funds travel through neteller and I would hate for my funds to get caught up there if something happens in the next couple of days.

Re: bodog and neteller
 

Is there bad news for Neteller or Bodog in the near future? Not sure why they would only stop Neteller deposits, but am I better getting my money out of Bodog/Neteller/both?

Re: bodog and neteller
 

I still have that option too...what is everyone else talking about...

Re: bodog and neteller
 

[/ QUOTE ]
My concern is that I have to have the funds travel through neteller and I would hate for my funds to get caught up there if something happens in the next couple of days.

[/ QUOTE ]


I share this same concern, I currently have 14K in Bodog, & not sure if I trust Neteller right now with all that's going on.
I'm considering having them mail me a check, anyone done that with success before at BD?

Re: bodog and neteller
 

Personally I moved most of my funds from various books to tradesports.com through via neteller. TS keeps segregated accts with cust funds and since their an exchange, they have a pretty riskless business model. That's the place I feel most comfortable placing funds right now (except the bank).

If i were you and wanted the funds out, I'd request a check from bodog. If you want to keep funds online safely, check out TS. (i can refer you if you don't have an acct, PM me).

Re: bodog and neteller
 

Can we still withdraw to Neteller from Bodog?

Re: bodog and neteller
 

Yes, according to Bodog you still can.
I just don't know if I trust 14K going through Neteller right now. I'm considering having Bodog mail me some checks.

I got this as from BD support.

"Thank you for contacting Bodog Poker Customer Service.

As you may already be aware, we are no longer able to process deposits from Neteller. We know that you have used this
method recently to fund your account and wanted to reassure you that payouts via Neteller can still be requested and will
continue to be processed to your Neteller account for the time being.

For future deposits into your Bodog account, we have a number of convenient options available. Our Instant Check method is a
fast, free and secure way to transfer funds to your Bodog account directly from your US bank account. Additional options
include eWallet deposit methods such as:

Click2Pay
eWalletXpress
myCitadel
CentralCoin
NUCharge
INSTADEBIT
We encourage you to visit Bodog's 'Deposit' page to review a list of these and other deposit methods we offer:
https://www.bodog.com/account/app/PrepareDeposit"


So for your next Bodog deposit, which option are you going to use, and which ones shouldn't you use?

Re: bodog and neteller
 

Instant Check (an ACH transaction) is and has always been (since they introduced it) the best way to get funds in and out of Bodog.

Re: bodog and neteller
 

[ QUOTE ]
Instant Check (an ACH transaction) is and has always been (since they introduced it) the best way to get funds in and out of Bodog.

[/ QUOTE ]

Sorry, but what is an ACH transaction and why does that make it secure?

Re: bodog and neteller
 

Wow, I am not liking the sound of this at all. I've been doing all my poker on Bodog lately and I've got about $20K in my account. Is there really danger of such a major book/poker room going broke? Especially one that's vowed to deal with US customers no matter what?

I really don't want to move my money off of there because the games are way better than they are on Stars and really 20K's about what I need to play 5/10 PLO. Last night, I had over 2/3 of my online money on the table. Also, if deposits are going to be made more difficult, I don't want it to take a month to figure out how to get that much money back online.

For the time being, I'm just going to leave my money in there (at least until the Super Bowl), but this is making me really, really uneasy.

Re: bodog and neteller
 

Iggy after the Superbowl is when the shiat would hit the fan if it is going to.

Basically my advice to everyone here is if you can't afford to lose the money or have it tied up for worst case 18 months because of court cases or whatever then cashout until things settle down. I have cashed out about 75% of my roll and will cashout about half of what is left in the next 24 hours.

There will always be ways to get the money back to the sites that make it through this, there WON'T always be ways to get your money from the sites that don't make it through this.

-Brendan

Re: bodog and neteller
 

Well, by until the Super Bowl, I meant until a few days prior. I'm not going to still have my money online the day of the game.

And no, I can't afford to lose the money, but I'm also losing a primary source of income if I lose Bodog, and I'd really like to get a bunch of hands in now if I could. I'm going to hit the tables hard for the next two weeks, and I'll move my money out then if it's still considered to be a danger.

Re: bodog and neteller
 

I agree with your disagreement. BOS was rated D or thereabouts by SBR before they went under.

Re: bodog and neteller
 

[ QUOTE ]
[ QUOTE ]
Instant Check (an ACH transaction) is and has always been (since they introduced it) the best way to get funds in and out of Bodog.

[/ QUOTE ]

Sorry, but what is an ACH transaction and why does that make it secure?

[/ QUOTE ]

Its a electronic check from your bank. Many real biznazs use them.

Re: bodog and neteller
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Instant Check (an ACH transaction) is and has always been (since they introduced it) the best way to get funds in and out of Bodog.

[/ QUOTE ]

Sorry, but what is an ACH transaction and why does that make it secure?

[/ QUOTE ]

Its a electronic check from your bank. Many real biznazs use them.

[/ QUOTE ]

Any other options? My parents still check my checking account and I would prefer for them not to see tons of transfers in and out (I like to cash out every week and then redeposit the same amount. This keeps me focused and if I'm on tilt I will only lose so much).

Basically, I loved that neteller was able to hold my funds between the bank and online betting/poker accounts. Is there anything else trustworthy like that? I beleive firepay stopped serving U.S. customers..

Re: bodog and neteller
 

Umm.... I don't know anything about these but some places take instadebit, click2pay, atmonline, ePassporte... And maybe some others.

Re: bodog and neteller
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Instant Check (an ACH transaction) is and has always been (since they introduced it) the best way to get funds in and out of Bodog.

[/ QUOTE ]

Sorry, but what is an ACH transaction and why does that make it secure?

[/ QUOTE ]

Its a electronic check from your bank. Many real biznazs use them.

[/ QUOTE ]

Also equivalent to Party's old IGM-Pay method.

Re: bodog and neteller
 

[ QUOTE ]
Iggy after the Superbowl is when the shiat would hit the fan if it is going to.

Basically my advice to everyone here is if you can't afford to lose the money or have it tied up for worst case 18 months because of court cases or whatever then cashout until things settle down. I have cashed out about 75% of my roll and will cashout about half of what is left in the next 24 hours.

There will always be ways to get the money back to the sites that make it through this, there WON'T always be ways to get your money from the sites that don't make it through this.

-Brendan

[/ QUOTE ]

I think this is correct. My view is that the industry will remain strong for a long time to come, but is likely to be smaller than what it is today. This doesn't really matter in the long term but it could create a short-term shakeout of the suppliers and you dont want to get caught in that. I am about 75% out now but I plan to be back in a few weeks after the superbowl unless something dramatic prevents that. I dont even think this is a US issue. I would do the same thing with my money if I lived outside the US.

Re: bodog and neteller
 

Yes

Re: bodog and neteller
 

*Update regarding BD withdrawals*

Presently Bodog will no longer send out checks via mail or carrier, for whatever reason, some sort of banking problem.

I requested a payout EFT, or Echeck if you will to my checking account, & it is being held up due to technicalty difficulties on their end. (this is what phone support told me)
It is que'ed up but hasn't been processed yet.

This stinks because it's currently the only way to withdrawal from BD.
I believe BD will come through, but still I'm a bit concerned.

What are others experiencing when it comes to BD w/d's?

Re: bodog and neteller
 

EFT is gone for me as well, but Western Union and Bank Wire are still choices

Re: bodog and neteller
 

I called Bodog today when I signed in to my account and there was an new messege asking me to contact them regarding a withdraw. I spoke with a rep. who told me the best way at this point to get money out of an account quickly, is to have them send you cash through Western Union. He said this would take up to 24 hrs, but they would cover any fees involved. Don't know if this helps anyone or not, but it is likely the route I will take as I have only about 1K on there at this time...