Page 2 of 2 FirstFirst 12
Results 21 to 31 of 31

Thread: Bovada credit card payment processors skimming again

  1. #21
    Owner Dan Druff's Avatar
    Reputation
    5046
    Join Date
    Mar 2012
    Posts
    35,704
    Blog Entries
    2
    Quote Originally Posted by BeerAndPoker View Post
    I'm surprised Bet Online agreed on a refund those guys have given me hell in the past.

    Not sure I would want to pull the professional player card out with a site that despises pros over $79 in fees knowing it could ruin my action down if they start limiting withdrawals or giving the famous Carbon Poker gtfo to big winners but I'm glad you received a refund.
    I have a long history there, including being the biggest LHE winner on the entire site one year. They are aware I'm a pro player anyway.

  2. #22

    Angry

    https://twitter.com/#!/x/status/908016596739919872

    David Payne Purdum‏Verified account @DavidPurdum

    Offshore sportsbook Bovada informs customers via email that it will no longer serve players in Delaware, Nevada, N.J, N.Y and Maryland.
    1:16 PM - 13 Sep 2017

  3. #23
    To whomever was recommending depositing in bitcoin - there isn't a fast or cheap way to buy them in the US that I know of - there is always a delay and the fees are ridiculous.

  4. #24
    I lasted two weeks on there site.

    They texted/called me.


    I talked to some indiian dude....they said they didn't want my busnesss.

  5. #25
    No joke.

    i talked to Ryan from Ignition poker and asked why I was banned from Bovada...he said I had to ask them.



    I still have action on Ignition poker...not sure how or why. I called and sent e-mails. They said my accounts are at Silver status.

  6. #26
    Owner Dan Druff's Avatar
    Reputation
    5046
    Join Date
    Mar 2012
    Posts
    35,704
    Blog Entries
    2
    BUMP

    Now the bitcoin withdrawal processor is skimming.

    Cashout processed at 8:18am PST

    Accepted price for bitcoin was 6697-6703 at the time.

    They did it based upon a 6728 price, which screwed me out of $25-$30 per bitcoin.'

    I called Ignition and the rep was a complete b-tch about it, rolling out nonsense like "bitcoin price fluctates" and "we actually sent you a little more than your withdrawal".

    Such BS.

    Actually the withdrawal was at 8:18am PST (not 8:24 as I earlier stated), and the accepted price on Coindesk and elsewhere at that time was around 6697-6703.

    No reputable price tracking site had it at 6728.

    The processor just straight out skimmed. This has been going on for years -- first with wires, now with BTC.

    It wasn't happening with the BTC withdrawals for awhile, but now it's occurring, probably because they switched processors or something.

    It irks me how they won't take responsibility, and tell me obnoxious crap like, "Bitcoin price fluctuates" and "People charge what they want for bitcoin so there is no set price".

    I talked to a supervisor named "Keva" who was just as bad, and just kept repeating that the payment processor told them the price was 6728, so that's the price they're using.


  7. #27
    Platinum ftpjesus's Avatar
    Reputation
    337
    Join Date
    Mar 2012
    Location
    Mesa AZ
    Posts
    2,535
    Quote Originally Posted by Dan Druff View Post
    BUMP

    Now the bitcoin withdrawal processor is skimming.

    Cashout processed at 8:18am PST

    Accepted price for bitcoin was 6697-6703 at the time.

    They did it based upon a 6728 price, which screwed me out of $25-$30 per bitcoin.'

    I called Ignition and the rep was a complete b-tch about it, rolling out nonsense like "bitcoin price fluctates" and "we actually sent you a little more than your withdrawal".

    Such BS.

    Actually the withdrawal was at 8:18am PST (not 8:24 as I earlier stated), and the accepted price on Coindesk and elsewhere at that time was around 6697-6703.

    No reputable price tracking site had it at 6728.

    The processor just straight out skimmed. This has been going on for years -- first with wires, now with BTC.

    It wasn't happening with the BTC withdrawals for awhile, but now it's occurring, probably because they switched processors or something.

    It irks me how they won't take responsibility, and tell me obnoxious crap like, "Bitcoin price fluctuates" and "People charge what they want for bitcoin so there is no set price".

    I talked to a supervisor named "Keva" who was just as bad, and just kept repeating that the payment processor told them the price was 6728, so that's the price they're using.

    Druff im a little confused here. If they paid you at 6728.00 per btc would that not be MORE then the agreed price. Hereís why Iím confused. Ok your cashing out 1 BTC for hypothetical. They promised rate was in that range and you got paid 6700 (between 6697 and 6703). Ok so if they instead paid you out 6728 thatís $28 more for that btc then you were quoted. Iím not sure where the issue is. Maybe Iím totally misreading this... (could be as my brain is mush from lack of sleep due to being in the middle of a damn house move during the holidays sucks majorly)
    <This Ad Space for Rent or Sale>

  8. #28
    Owner Dan Druff's Avatar
    Reputation
    5046
    Join Date
    Mar 2012
    Posts
    35,704
    Blog Entries
    2
    Quote Originally Posted by ftpjesus View Post
    Quote Originally Posted by Dan Druff View Post
    BUMP

    Now the bitcoin withdrawal processor is skimming.

    Cashout processed at 8:18am PST

    Accepted price for bitcoin was 6697-6703 at the time.

    They did it based upon a 6728 price, which screwed me out of $25-$30 per bitcoin.'

    I called Ignition and the rep was a complete b-tch about it, rolling out nonsense like "bitcoin price fluctates" and "we actually sent you a little more than your withdrawal".

    Such BS.

    Actually the withdrawal was at 8:18am PST (not 8:24 as I earlier stated), and the accepted price on Coindesk and elsewhere at that time was around 6697-6703.

    No reputable price tracking site had it at 6728.

    The processor just straight out skimmed. This has been going on for years -- first with wires, now with BTC.

    It wasn't happening with the BTC withdrawals for awhile, but now it's occurring, probably because they switched processors or something.

    It irks me how they won't take responsibility, and tell me obnoxious crap like, "Bitcoin price fluctuates" and "People charge what they want for bitcoin so there is no set price".

    I talked to a supervisor named "Keva" who was just as bad, and just kept repeating that the payment processor told them the price was 6728, so that's the price they're using.

    Druff im a little confused here. If they paid you at 6728.00 per btc would that not be MORE then the agreed price. Here’s why I’m confused. Ok your cashing out 1 BTC for hypothetical. They promised rate was in that range and you got paid 6700 (between 6697 and 6703). Ok so if they instead paid you out 6728 that’s $28 more for that btc then you were quoted. I’m not sure where the issue is. Maybe I’m totally misreading this... (could be as my brain is mush from lack of sleep due to being in the middle of a damn house move during the holidays sucks majorly)
    They are sending me BTC, not cash.

    The higher the BTC rate, the fewer BTC I get

    For example, if BTC were worth a dollar, I would have gotten many thousands of them (I wish).

    If it were worth $1,000,000 each, I would have gotten a small fraction of one.

    So the higher the perceived BTC price, the fewer you get on your cashout.

     
    Comments
      
      duped_samaritan: math

  9. #29
    Platinum ftpjesus's Avatar
    Reputation
    337
    Join Date
    Mar 2012
    Location
    Mesa AZ
    Posts
    2,535

    Talking

    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by ftpjesus View Post

    Druff im a little confused here. If they paid you at 6728.00 per btc would that not be MORE then the agreed price. Hereís why Iím confused. Ok your cashing out 1 BTC for hypothetical. They promised rate was in that range and you got paid 6700 (between 6697 and 6703). Ok so if they instead paid you out 6728 thatís $28 more for that btc then you were quoted. Iím not sure where the issue is. Maybe Iím totally misreading this... (could be as my brain is mush from lack of sleep due to being in the middle of a damn house move during the holidays sucks majorly)
    They are sending me BTC, not cash.

    The higher the BTC rate, the fewer BTC I get

    For example, if BTC were worth a dollar, I would have gotten many thousands of them (I wish).

    If it were worth $1,000,000 each, I would have gotten a small fraction of one.

    So the higher the perceived BTC price, the fewer you get on your cashout.
    Ok I deserve this one.
    1

    I misread the post but in a small defense note I have a free running to monitor various coin prices to get a rolling avg and yeah who knows how they are calculating it. But I agree usually there shouldnít be a significant discrepancy of that much.
    <This Ad Space for Rent or Sale>

  10. #30
    Gold Salty_Aus's Avatar
    Reputation
    215
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,358
    Quote Originally Posted by Dan Druff View Post
    BUMP

    Now the bitcoin withdrawal processor is skimming.

    Cashout processed at 8:18am PST

    Accepted price for bitcoin was 6697-6703 at the time.

    They did it based upon a 6728 price, which screwed me out of $25-$30 per bitcoin.'

    I called Ignition and the rep was a complete b-tch about it, rolling out nonsense like "bitcoin price fluctates" and "we actually sent you a little more than your withdrawal".

    Such BS.

    Actually the withdrawal was at 8:18am PST (not 8:24 as I earlier stated), and the accepted price on Coindesk and elsewhere at that time was around 6697-6703.

    No reputable price tracking site had it at 6728.

    The processor just straight out skimmed. This has been going on for years -- first with wires, now with BTC.

    It wasn't happening with the BTC withdrawals for awhile, but now it's occurring, probably because they switched processors or something.

    It irks me how they won't take responsibility, and tell me obnoxious crap like, "Bitcoin price fluctuates" and "People charge what they want for bitcoin so there is no set price".

    I talked to a supervisor named "Keva" who was just as bad, and just kept repeating that the payment processor told them the price was 6728, so that's the price they're using.

    I'm on the fence here, if I was operating a BTC payment service I'd surely be maintaining a reasonable margin so I don't get caught out with buying and selling BTC.

    We're talking .5% here more or less.

  11. #31
    Owner Dan Druff's Avatar
    Reputation
    5046
    Join Date
    Mar 2012
    Posts
    35,704
    Blog Entries
    2
    But that's not their excuse.

    They aren't claiming the small percentage "error" is an intentional feature to protect them or the processor.

    They are insisting that 6728 was the accurate price at that time on that date, which it was not.

    Also, keep in mind I've made many withdrawals from Bovada/Ignition over the years, and this had never happened until now. I think it's likely they just have a shady skimming processor, as has happened many times with their processors involving wires and credit cards.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Bovada having payment issues?
    By Dan Druff in forum Scams, Scandals, and Shadiness
    Replies: 10
    Last Post: 08-31-2016, 02:07 PM
  2. Replies: 15
    Last Post: 10-03-2015, 02:35 PM
  3. very shady happening with bovadas payment processors
    By stankmouth in forum Scams, Scandals, and Shadiness
    Replies: 32
    Last Post: 08-04-2014, 11:43 PM