Hi just wondered what everyones experience of moneybookers is i have made several transactions and went to send some money the other day but they are now asking for further I.D. Passport and uttility bill.
Have already verified my account so wondered if this was a regular occurance. The long and the short of it is i can upload funds but cant move any money out of the account.
Yes it's the same as with Bet24 and Expekt and pretty much every bookie out there you need to provide them with proof of ID for money laundering regulations. Best just to get it over with.
They won't ask you every time you want to send money using them.
I appreciate this but i had already done the verify address, bank card and bank account only a couple of weeks ago. Oh well I.d. sent its not a problem just wondered if it was just me obviously not. Thanks for the reply Munk
Yeah I think I had to provide my ID twice with them, forget why the second time now, is a bit daft when you've already provided ID once, you'd think they'd be able to just refer to the original ID. Moneybookers thankfully seems to be a very smooth service as long as you don't have to contact CS - at which point in my experience it's a nightmare to get anything done quickly.
Also be careful how many email addresses you add to your profile at Moneybookers, the maximum allowed is 5 which isn't obvious (or wasn't to me) and you're not allowed to remove them without a very good reason (and even then they argue they can't do it, ridiculous). Very badly designed profile page, it gives you the impression you can remove email addresses as and when you want but in fact you can't, you have to contact CS and like I say that's a nightmare in my experience.
They have always seemed first class with me, after initial request theres been no more ID needed etc. Annoying as it might be I dont think we should complain when its our security at question.
i would have to echo the other sentiments here. MB are 1st class. Not totally riskfree but im not that bothered to have pretty large sums of money sitting in there for a while whilst i line up my next victim!
they do require ID at some point but i honestly can not remember when! if you are serious about arbing/matched betting you will soon find that you hit your limits at MB and then they will either contact you or you will need to contact them about their secret VIP scheme which will remove all outgoing limits.
People referring others who are serious about arbing can make a small fortune from MB RAF scheme!!
I have a few general question about MB'ers ... have never used it before, but just sorting out the verification process atm
1. What sort of timeframe are we looking at for a withdrawal from Betfair and Betdaq to MB'ers arriving ?
and I think I have to answer to this, but want to check ..
2. My MB'ers account is in GBP. If I wish to deposit to a bookie where my account will be in Euro's ... I think there is only a very small fee at the MB'ers end. Correct ?
Basically I'm just plotting my next couple of moves and with a limited/newbie bankroll wondering if I can reload over and over at a bookie if necessary to complete a WR. But I guess if I happened to string a few wins together at the bookie, I'd be limited at the exchanges for matching purposes. Then I'd either need a withdrawal from the bookie or funding from outside. Nothing over the top, just plotting.
Any advice welcome, don't go to too much effort ... I'm thinking out loud ... sorta
ps frustrated already waiting for a pay-out
Originally Posted by Pigskin
Withdrawal times from betfair have never been over 24hrs for myself but i think the T&Cs they state say it might be up to 48hrs. I have had it in less then 30mins before though i think it depends on the time of day you request it as much as anything else.
Betdaq I have never actually withdrawn from back to moneybookers, but i should imagine it would be the same as betfair and within 48hrs. I have never withdrawn there because they charge you to deposit, so as i will inevitably have to redeposit to betdaq some day it seemed a waste to withdraw £s only to have to pay to put them back in. It seemed a better idea to wait until one day the £s are bust over to a sportsbook and i withdraw them from there to MBookers for free.
RE small fee for different currencies = Yes that is correct, it is a flat 1.75% over or under the prevailing wholesale exchange rate.
RE limited bankroll and reloading, there are very few offers where you get the bonus at the bookie AFTER wagering a set amount, most are given up front or after one bet, so you dont often need to worry about redepositing at the bookmaker. Partybets would be one where you do, and 10bet, but there are not many.
If you have had the bonus up front, it may have a 10x wagering attached, but if you lose your entire deposit and bonus in one bet straight away you only had to wager it 1x then, you would have the other 9x reset (at 99% of sites anyway but not all). This is why its a good idea to underlay your first bet, so if you are out in one it is less $s profit but very quick, or you go on betting loads but at least you are "paid" more for your time.
Have a plan and stick to it
Thanks mate ... appreciate your explanation. Have been reading about
Gamebookers weekly offers and the sign-up bonus is a pretty hot topic on most forums atm ie a good one.
Just wondering if I could clear it with such a small bankroll early in order to get the weekly small offers. Would be working on about 300GBP atm, but I have to do Bet fair/daq first which will bring it up a little.
Might have to leave it a while yet
Cheers for the info
Re Gamebookers/Partybets, the wagering isn't quite so bad on the TGT introductory offer, it's 6x for a £50 deposit so roughly you'd need less than a £1k bankroll to complete it at average odds of 3/4 (although there are enough narbs / near arbs) around 2 (just a £300 bankroll if you did every bet at evens).
Alternatively the refer a friend / RAF offer is a larger WR but more lucrative, up to £90-100 or so, the WR is £700 IIRC.