Pay-Out Question

[WAYWARDWlN]

Assume post with a book $1,000 using credit card. Pay credit card company in full to avoid high interest.
Request pay out... now what?
Understand that most books send credit card company the first $1,000 and the player receives any amount over.

Peace,
www

[renegade3]

I actually asked my credit card company the same question, you probably should check with
the bank that issued your card to confirm.

The credit back to your card, would create a "positive balance", the card would have a $1000 credit balance.

[FatBoy]

This is a problem and the only way to cash out your money is to close/cancel your credit card account. They will issue you a check.

I think there should be some time limit on this. Lets say you open an account in January via cc. You pay it off and bet with the money for 6 months. There is no fraud in this case. Sportsbook gets their money. CC company is paid off. If you win and want to get paid, you should be able to get to it via other methods than cc credit.

This is why I now use neteller for all new deposits into my accounts. I won't sign up with any new books unless they use neteller. If one of my existing books doesn't use neteller, they won't see any more money from me.

[DrunkenGoon]

You can always take a cash advance off your card... Since your balance is a positive value, you won't be paying interest.

May all your bets be winners

[WAYWARDWlN]

Thanks guys for the info.
Just got smart and started accounts with Neteller and PayPal.
Going the same route as FatBoy, No PayPal or Neteller, then no action from me.
Again, appreciate the advice. :

peace,
www

[sportshobby]

www, after you receive your credit card statement showing a credit balance, you can call your bank and request a check. It is not necessary to cancel your account.

As always, this policy could vary from bank to bank.