scam at pokerstars

[Mogobu The Fool]

[ QUOTE ]
I sell a bike to Dick who then goes to the bank to withdraw funds to pay me. A week later the bank determines the money is stolen. Can the bank then come to my house to demand I return the money?

[/ QUOTE ]

No; you keep the cash.

But in your PStars example, YOU were Dick. You gave out the cash. Then it turned out the BIKE was stolen, and yes, the cops will take it back.

[furious]

I also use the site to trade w$ and t$ so these deals are not safe also? I sell severaly seats per week so this means that I can lose on these deals as well? No where on its site does P.stars issue a warning of any kind. So what's next will the 'little guy' get scammed on these deals as well? I know a lot of people who play the satellites to later sell the seats. They need to be warned that their deals are not safe from fraud. If pokerstars is going to provide the transfer option or the trade W$ or T$ option it needs to either A) a detailed explanation that no deal is 100% safe or B) guarantee that their deals will stand up and honour the transactions performed BY their site. So what is next, I win 100bb in a session go out shopping only to find the next day that the money I won was stolen by the initial depositor and I need to pay it back?
A B&M casinos atleast I know money won at the table is mine and no one will take it back from me. There is no protection in online poker. Pokerstars needs to assure money deposited on the site has been done so legally before they release it for play.

[furious]

I also use the site to trade w$ and t$ so these deals are not safe also? I sell severaly seats per week so this means that I can lose on these deals as well? No where on its site does P.stars issue a warning of any kind. So what's next will the 'little guy' get scammed on these deals as well? I know a lot of people who play the satellites to later sell the seats. They need to be warned that their deals are not safe from fraud. If pokerstars is going to provide the transfer option or the trade W$ or T$ option it needs to either A) a detailed explanation that no deal is 100% safe or B) guarantee that their deals will stand up and honour the transactions performed BY their site. So what is next, I win 100bb in a session go out shopping only to find the next day that the money I won was stolen by the initial depositor and I need to pay it back?
A B&M casinos atleast I know money won at the table is mine and no one will take it back from me. There is no protection in online poker. Pokerstars needs to assure money deposited on the site has been done so legally before they release it for play.

[primetime32]

furious you are comparing apples and oranges. Just deal with the fact that you got scammed and stop whining because pokerstars won't enforce the scam.

And lets be honest, who does all that work and risks that much money for 60 bucks?? Seems like a complete waste of time to me.

[Leader]

[ QUOTE ]
No where on its site does P.stars issue a warning of any kind.

[/ QUOTE ]

Shall we put a sign up on every corner telling people like you to look both ways before crossing? Frankly you're an adult take responsibility for you're own stupidity.

[furious]

Don't forget that the majority of online players play small limits and to alot of online players $60 is a fair bit of cash. All of my small limit buddies at p.stars need to know that the W$ and T$ transactions are also not safe.

[Mogobu The Fool]

[ QUOTE ]
I also use the site to trade w$ and t$ so these deals are not safe also?

[/ QUOTE ]

Transferring the w$ and t$ is safe, since you are staying within the system and PStars can be sure that the sender's amounts are clear. In other words, PStars has the w$ and t$. The transfer of cash balance is different; PStars does not have the cash. They are showing you a ledger balance; the actual cash is owned by outside accounts and are subject to the rules for clearing and reversal, just like all other ledger balances. What you are transferring is your account credit. That is subject to funding requirements and reversal.

Most importantly, PStars never offered to serve as a broker for your trades of W$ for cash. You're doing that totally on your own and outsided of the system. The terms of service prohibits solicitation in chat; if you agree to a deal in PStars chat, you're already in violation. If you make a deal in email or on eBay or whatever, you've done it outside of PStars. They have no responsiblity to enforce your deal; it is not their transaction, it is yours. You keep thinking the two trades are linked together, but they are not linked for PStars. They are linked for you and your trading partner. For PStars, it is one player's transaction (W$, which is clear instantly), and another player's transaction (account balance transfer, which is subject to funding and reversal).

[ QUOTE ]
If pokerstars is going to provide the transfer option or the trade W$ or T$ option it needs to either A) a detailed explanation that no deal is 100% safe or B) guarantee that their deals will stand up and honour the transactions performed BY their site.

[/ QUOTE ]

In life, no deal is 100% safe. Apparently, you need to put that on the ceiling of your bedroom so you can see it when you wake up.

Also, you are not talking about transactions performed BY their site. You are talking about transactions performed BY you and your trading partner; you are just using their site. They DO stand by transactions performed BY their site. Read on. . .

[ QUOTE ]
So what is next, I win 100bb in a session go out shopping only to find the next day that the money I won was stolen by the initial depositor and I need to pay it back?


[/ QUOTE ]

Actually, you have protection in this case. They will not come after you for the money, because you won it in transactions performed BY their site. When you play a hand, the site handles taking the bets, dealing the cards, and deciding who gets what at the end. They take responsibility for that. If someone deposits $1000 fraudulent dollars and loses it on the tables, and then the creditor reverses the charge because of fraud, PStars takes the hit. They trusted the person offering the money and let them play, so they take the hit.

But if you make a trade with another player, YOU are trusting the other party for YOUR trade.

[ QUOTE ]
Pokerstars needs to assure money deposited on the site has been done so legally before they release it for play.

[/ QUOTE ]

That would piss off a lot of legitimate players, so PokerStars takes the risk and lets people play as soon as they can. If they're allowed to play and it backfires, it's PokerStars' own loss. I don't see the problem.

[BCl]

"What if you win $500 fair and square in a heads-up game from a guy who deposited fraudulently?"

Bodog will and has..not in heads up either. they've had people buy-in then try to run it up in the cash games and withdraw it before the neteller clears...but if you were the lucky fellow who called his all-in and won....they come back and take the money from you!!!!!

[zaphod]

Fold preflop.

[Mogobu The Fool]

If that's a legit claim, and not just a Bodog rumor from someone who was a partner in chip-dumping, then that's a good reason not to play Bodog!