The return of eChecks on PokerStars

[sluggger5x]

Anybody think its likely that Full Tilt will hop on board with this????

[bmxreed36]

Hello Benjamin,

Thank you for your email.

Yes, withdrawals will and are available at this time for players who use eChecks and have made at least one successful deposit. With eCheck, we have two different limits in place; one set by PokerStars and one set by our processor. These processor's limits will allow a maximum of 3 transactions per 24 hours. The cashout limits are still in beta testing.

Please keep in mind eCheck transactions are not debited in real time and take around 5 business days to fully settle. Any bank in the US should allow for these transactions to go through.

Regards,

Anna
PokerStars Support Team

[uphigh_downlow]

Gave it a test run...

Echeck: deposit was instant. Deposited amount is withheld from cashout for 7 days.

Echeck: withdrawal available. Will report when the cashout hits the bank( BoFA)
----------------------
Cashout request time: 2007/08/22 07:25:15

Cashout amount: $500.00


$500.00 will be credited back to your account (1***************2560).


If you have any further questions regarding this transaction,
please contact cashier@PokerStars.com

----------------------------------------------

[Sciolist]

There're two types of cashouts - creditback and overcredits. Creditbacks are where the initial deposit is effectively cancelled - it's returned immediately, but only applies to some deposit methods. Overcredits are only made when all creditbacks have been used (i.e, you don't have deposits that can be cancelled).

eChecks can only do overcredits, so if you have creditbacks available still from other deposit methods, the system will process those first.

As for who is eligible, I don't know the criterea used (and probably wouldn't be able to tell you if I did), but these things are typically rolled out over a small proportion of the player base first, incase anything goes wrong.

[PeteyE]

Damn, you guys are lucky. I don't play PStars too much, but have recently returned and I emailed support and got this answer about withdrawals:

Hello Peter,

Thank you for emailing us.

For the time being, we are unable to use the eCheck option for cashouts. Cashouts are processed back to your original purchases, from the oldest purchase to the newest. Cashouts will be credited back to any and all of the following methods that you have used to make deposits:

- ePassporte
- VISA Debit Card

Once we have credited back the total amount you've purchased using all of the above methods, you'll have the following options to receive your winnings:

- Check
- VISA Debit Card
- ePassporte (available once you've made one ePassporte deposit)

We apologize if our cashout policy is an inconvenience for you but this is a security feature designed to protect our customers against fraud. It ensures that no one can profit from misuse of another's account.

For more details on our cashout policy, please visit:

http://www.pokerstars.com/poker/real-money/cashouts/

If you have any other questions, please email us again any time.

Regards,

Juan
PokerStars Support Team

[grouchie]

Hello grrouchie,

At this time eCheck cashouts are available for overcredits only. Autocredit
back is not available at this time.

Until the autocredit back option is switched on, I'm afraid you will not
be able to withdraw by this method.

I apologise for any inconvenience this may cause you.

Regards,

Bob
PokerStars VIP Club

[UMTerp]

[ QUOTE ]
raise limits possible?

[/ QUOTE ]

I shot them an email yesterday, and about 6 hours later, my limits were raised to $2,000/$3,000/$6,000 (daily/weekly/monthly). Anything higher than that, and they said I'd need to send some documents.

[IncrediblyGifted]

for those of you who it worked for, which bank do you use? i'm guessing smaller/local ones..i just moved down to north carolina and i'm looking to open a new checking account anyways and i'd like to be able to use this method..any help is much appreciated

[kindling]

[ QUOTE ]
Hello grrouchie,

At this time eCheck cashouts are available for overcredits only. Autocredit
back is not available at this time.

Until the autocredit back option is switched on, I'm afraid you will not
be able to withdraw by this method.

I apologise for any inconvenience this may cause you.

Regards,

Bob
PokerStars VIP Club

[/ QUOTE ]

What is "autocredit back"? Is this like a regularly scheduled cashout?

Regards,
Kindling

[larsjones]

I just wrote Pokerstars this moprning to ind out what criteria they are using to determine who gets the popup. I received a response stating that players must have accumulated 3000 lifetime FPP before they are allowed to use echecks. Seems kinda stupid to me, but there it is.