PartyPoker postpones my cashout.
 

This new law was pushed through without any notification to their customers.

Dear ****,

We have received your cash out request for $*** today. However, we notice that, after having made a deposit of $***, you have not earned enough party points on your account to be eligible to cash out.

Please refer to the terms and conditions "party points" this will explain that you have to use 15% of your deposit for playing to be eligible for cashing out.

****, as a result, your cash out has been placed back to our account balance.

We thank you for your cooperation and understanding in this regard.

Contact us anytime, we are available around the clock to assist you with your account related questions and suggestions.

Sincerely,

Daniel
Investigations Team
alerts@partyaccount.com

Note: Your PartyAccount username and password are confidential information. No one from the company will ever ask for your password in a phone call or email message. Do not respond to any message or request that asks for your password.



This is making me physically sick. I dont want to gamble any more. I just want my money back.

Thoughts?

Post deleted by Mat Sklansky
 

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

No. It hasnt.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

Yes it has OP. You lose. Nothing more to see here. Mods please lock.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

Also, while the second part of your post is an outright lie and needs no response, please feel free to elaborate on this:

[ QUOTE ]
The reason they do this is because they pay hefty fee's for you to deposit.

[/ QUOTE ]

Exactly how much is the fee to transfer from neteller to party per $100 deposit?

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

[ QUOTE ]
Yes it has OP. You lose. Nothing more to see here. Mods please lock.

[/ QUOTE ]

It seriously hasnt. I have done many in and out deposit-withdrawals before on partypoker and elsewhere.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

Standard across most of the sites i've played on.

Even worse news for you is you'll be charged an extra $2.50 when you do withdraw [img]/images/graemlins/laugh.gif[/img]

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

wouldn't they want you to cash out? you know how much money they make on raping us on the exchange rates? it is criminal.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

Tell them that you are a problem gambler and you want to have your account closed permanently.

That might work for you.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

MONEY LAUNDERING- QUICK, PARTY, BAN HIM [img]/images/graemlins/laugh.gif[/img]

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

I had this happen once too. Just call them and do what Mike Haven suggested or just reason with them and said you didn't know about any restrictions.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

i'll play it off for you for 50%

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

& what's the scope of the problem? How much are they saying you have left to wager before you'll be allowed to cash out?

If we're talking about $10 or something minor, play for 20 mins and meet the requirements. If we're talking thousands, go with the 'problem gambler' line & close your account.

But I don't think ignorance of the rules is a defence...

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

I had a similar problem, which started with inter-player transfers a while back. Basically I was staking a friend of mine in MTT's, and we agreed at the end of each day he would ship me my %.

This was fine, until one day I tried to cash out, and they rejected it. I phoned up Party, and basically said you can't cash out as you have only just received funds via a transfer. I was honest and said what the arrangement was, and they told me that kind of arrangement was definitely not on. The told me that the only reason for inter-account transfers was to give money to a broke players. They then stated that I had to play x number of hands before they would release my money.

When I challenged it they started to bring up all the times I had cashed in then straight out for a reload bonus etc, and said you shouldn't have been doing that either.

Basically I think they use these tactics if they think you are abusing their systems.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

[ QUOTE ]
Also, while the second part of your post is an outright lie and needs no response, please feel free to elaborate on this:

[ QUOTE ]
The reason they do this is because they pay hefty fee's for you to deposit.

[/ QUOTE ]

Exactly how much is the fee to transfer from neteller to party per $100 deposit?

[/ QUOTE ]

Somewhere between 2-3% depending on volume.

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

[ QUOTE ]
I had a similar problem, which started with inter-player transfers a while back. Basically I was staking a friend of mine in MTT's, and we agreed at the end of each day he would ship me my %.

This was fine, until one day I tried to cash out, and they rejected it. I phoned up Party, and basically said you can't cash out as you have only just received funds via a transfer. I was honest and said what the arrangement was, and they told me that kind of arrangement was definitely not on. The told me that the only reason for inter-account transfers was to give money to a broke players. They then stated that I had to play x number of hands before they would release my money.

When I challenged it they started to bring up all the times I had cashed in then straight out for a reload bonus etc, and said you shouldn't have been doing that either.

Basically I think they use these tactics if they think you are abusing their systems.

[/ QUOTE ]

Party's p2p system is pretty tight, but also flawed. I agree that players should be required to play a certain number of hands or generate so much rake before they can cash out, but disallowing players to transfer for any other reason other than to loan other players who go broke would very likely reduce revenue.

One of the most common reasons that people do p2ps is because people have difficulty putting money on the site or just do not want to set up a processor to do so. P2P makes it much easier.

And yes, don't bother challenging them. You'd figure that after generating thousands in rake for them that they would treat their players with a little more respect and give them some credit. No, instead they go and find how you've managed to abuse a withdrawal system that they designed which I state again is flawed.

Lawrence

Re: PartyPoker enforces new law designed to exploit problem gamblers.
 

[ QUOTE ]
Tell them that you are a problem gambler and you want to have your account closed permanently.

That might work for you.

[/ QUOTE ]

This could work. The good news about using this method is that Party will most likely reopen the account upon request from the player.

Lawrence

Re: PartyPoker postpones my cashout.
 

standard

party needs this rules to protect themselves from excessive fees

Re: PartyPoker postpones my cashout.
 

Strange that Party is enforcing these restrictions considering they are making money on the exchange rate AND charging a cashout fee. In light of the above you'd think we'd be able to deposit and then withdraw without any playthrough.

Re: PartyPoker postpones my cashout.
 

They could allow customers to withdraw without having completed the requirements for an extra charge.