Stars - Withdrawal questions

[baibj03]

If we do a peer to peer transfer on Stars, how much of the money do we have to put in play before withdrawing? I transferred $2800, played 2/4 NL and made about $400 tried to withdraw and security put it on hold. Thoughts? Should I sit at a 1/2 limit table with it all in play?

[HSB]

You might want to edit that title before people freak out.

[Zetack]

[ QUOTE ]
If we do a peer to peer transfer on Stars, how much of the money do we have to put in play before withdrawing? I transferred $2800, played 2/4 NL and made about $400 tried to withdraw and security put it on hold. Thoughts? Should I sit at a 1/2 limit table with it all in play?

[/ QUOTE ]

I doubt that it has anything to do with your amount of play. Email support.

[baibj03]

FYI - This was their email:

"Hello Bryan,

Your cashout has been placed on HOLD.

It has come to our attention that you are attempting to cashout
directly
from a transfer received from player: "Radiihead", please explain
the reason for this and your relationship with this player.

Transfers are usually made between players so that the person who
receives
the transfer can play at the tables. On this occasion it was noted that
you
cashed out the funds soon after receiving them.

Using it to settle debts from outside PokerStars and not to play on the
tables is not allowed.
We are not a financial institution or a money transferring service.
Every deposit and cashout has fees that we willingly cover for players
that
deposit to play, but we can not be covering fees for deposits and
cashouts
not intended for play.

It is standard procedure to request an explanation when this type of
situation occurs. We do not mean to imply any wrongdoing.

Thank you for your cooperation.

Regards,


Gian
PokerStars Security

Regards,

HostGianL
PokerStars Support Team"

[TheMetetron]

Yes because the funds are so you can play there not withdraw them right away. Stars isn't going to eat the 8% fee unless you give some action first.

[BigBlind]

If you got the money from a person you made a P2P transfer to on Neteller you have to give them more action.

Pokerstars takes the Neteller fee when people transfer to them. I don't know the exact percentage but lets say it's around 3%. Your $2800 have cost PS about $84 and they would take a loss if you only played a single short session of 2-4 and then cashed out. You should give them an appropriate amount of play before cashing out.

Now, one could argue that this cost is tied to the person making the inter account transfer but I don't think PS sees it that way and they shouldn't considering the channels money has flowed into PS last couple of days. PS isn't an internet bank and a way for people to quickly get money out of Neteller.

Why not just keep your money there for a while and play some poker. The money wont dissapear, unless you are a big fish.

[MadMat]

Why do I get the feeling we are going to see a lot of posts like this over the next week or two!

Mat

[baibj03]

I replied to PS and they released the hold on my withrawal

[RikaKazak]

just play more...did you really need to post this?