Bovada Cashouts

[nightmarefish]

Anyone know how long they have been taking?

[Dan Druff]

Anyone know how long they have been taking?

I did a wire cashout in January and it came quickly. Don't know how fast they are these days, or how long the checks have been taking.

[Corrigan]

~2.5-3 weeks for a check.

I wouldn't do a wire - their wires are really fucked right now

[Dan Druff]

~2.5-3 weeks for a check.

I wouldn't do a wire - their wires are really fucked right now

O RLY?

What's wrong with wires? How long has this been going on?

[Steve-O]

~2.5-3 weeks for a check.

I wouldn't do a wire - their wires are really fucked right now

O RLY?

What's wrong with wires? How long has this been going on?

Probably has to do with the indictment, and the site's decision to withdraw from select US states (I know for sure Maryland and most likely Washington State). Cashouts on any site for US players is a mess right now, to the point that if three different people made three cashouts at roughly the same time (say within a week) one person could get a check in a week, another in 3 weeks, and the third in 2 months.

Virtually anything could cause a delay:

1. A processor stealing money --in which case the site then has to find a new processor
2. A processor deciding to stop doing business with an online poker site --again causing the site to find a new processor
3. The wire getting put under scrutiny by the recieving bank
4. The initial wire could get seized by the DOJ

[Corrigan]

Wires have been fucked for most of this year, due to mostly processor issues I believe.

Here's the problem with bovada wires:

- They will only wire to specific banks. Or rather there are several major banks that bovada will not send a wire to. I had 1 bank account last year. Now I have 3 just to be able to receive bovada wires.
- They changed the max wire to $5k (used to be $10k). A check max is $3k, so there is not much benefit there.
- If your wire does go through it takes about 3-4 weeks. If it doesn't, you wait 3-4 weeks then they put the $ back in your account. Basically wasted time.
- If you order a bunch of money in check form it will take 3 weeks to get your first $3k, but then you will get a $3k check about once a week until your payout is done. With wires it's wait 3 weeks get $5k, wait another 3-4 weeks get another $5k, etc. That's assuming, of course, that your wires go through smoothly.