That's a good point. Many people who start off losing will be the PC payers of the future. I realise the Gambling Commission is putting pressure on Betfair but they should be resisting where possible instead of simply going along with them.zippus wrote: ↑Fri Mar 26, 2021 5:50 pmNo problem Derek27. I totally agree with you. I'm a liquidity provider at the moment and have probably funded a few of you guys over the past 12 months! I have no problem with this. Nobody forced me into placing the bets - I did this out of my own free will. Where I do have a real problem is with BF acting like they own my money. Do they think I'm going to sue them an ask for the money back?! Of course not. (And btw - I'm not even a VIP member!)
Betfair Account Restrictions & closed accounts - Getting them removed and accounts reopened
That's impressive. Fair play. This doesn't fit my style because I (used to) draw down the daily winnings and only ever left the £5k bank in the account. I'm not a fan of building up big balances and it's been nice seeing the net deposits figure nudge downwards.
I withdraw monthly, and a fixed amount rather than profits. I wouldn't recommend withdrawing daily. I think Betfair may get charged by the banks for a withdrawal and they're not keen on customers who deposit and withdraw frequently, although I'm not sure at what frequency they start charging for it.zippus wrote: ↑Fri Mar 26, 2021 6:44 pmThat's impressive. Fair play. This doesn't fit my style because I (used to) draw down the daily winnings and only ever left the £5k bank in the account. I'm not a fan of building up big balances and it's been nice seeing the net deposits figure nudge downwards.
Thanks Derek. I'll give that a try if I ever get my bank back.Derek27 wrote: ↑Fri Mar 26, 2021 6:53 pmI withdraw monthly, and a fixed amount rather than profits. I wouldn't recommend withdrawing daily. I think Betfair may get charged by the banks for a withdrawal and they're not keen on customers who deposit and withdraw frequently, although I'm not sure at what frequency they start charging for it.zippus wrote: ↑Fri Mar 26, 2021 6:44 pmThat's impressive. Fair play. This doesn't fit my style because I (used to) draw down the daily winnings and only ever left the £5k bank in the account. I'm not a fan of building up big balances and it's been nice seeing the net deposits figure nudge downwards.
I withdraw every day, sometimes twice and for years nowDerek27 wrote: ↑Fri Mar 26, 2021 6:53 pmI withdraw monthly, and a fixed amount rather than profits. I wouldn't recommend withdrawing daily. I think Betfair may get charged by the banks for a withdrawal and they're not keen on customers who deposit and withdraw frequently, although I'm not sure at what frequency they start charging for it.zippus wrote: ↑Fri Mar 26, 2021 6:44 pmThat's impressive. Fair play. This doesn't fit my style because I (used to) draw down the daily winnings and only ever left the £5k bank in the account. I'm not a fan of building up big balances and it's been nice seeing the net deposits figure nudge downwards.
It's the other end I've been worried about, lloyds bank
Any idea what counts as excessive? Obviously it must be more than twice a day.Emmson wrote: ↑Fri Mar 26, 2021 6:59 pmI withdraw every day, sometimes twice and for years nowDerek27 wrote: ↑Fri Mar 26, 2021 6:53 pmI withdraw monthly, and a fixed amount rather than profits. I wouldn't recommend withdrawing daily. I think Betfair may get charged by the banks for a withdrawal and they're not keen on customers who deposit and withdraw frequently, although I'm not sure at what frequency they start charging for it.zippus wrote: ↑Fri Mar 26, 2021 6:44 pm
That's impressive. Fair play. This doesn't fit my style because I (used to) draw down the daily winnings and only ever left the £5k bank in the account. I'm not a fan of building up big balances and it's been nice seeing the net deposits figure nudge downwards.
It's the other end I've been worried about, lloyds bank
8. Deposit and withdrawal charges
8.1 Charges relating to the deposit and withdrawal of funds to or from your Betfair account are set out in the deposit and withdrawal pages within the ˜My Account section on the website. However, additional charges may apply in some cases to reflect the cost incurred by Betfair as a result of processing excessive transactions.
8.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
- Black Ladder
- Posts: 47
- Joined: Tue Jul 02, 2019 2:40 am
'Accounts closed and punters frustrated as affordability checks arrive by stealth'
https://www.racingpost.com/news/latest/ ... ite/480913
https://www.racingpost.com/news/latest/ ... ite/480913
Ok so things have just got worse for me...
Tried to log in to Betfair this evening to find that my account has been closed. The message reads:
"Access to this account is denied - this account has been closed. Please contact us if you have any questions."
So I contacted Customer Service - very nice and empathetic but can't really do much. Apparently, the security team sent me an email a few hours ago requesting the usual intrusive ID checks, proof of funds etc. No such email has arrived. When I pointed out that they had already been provided and in February, BF confirmed I was 'good to go', the agent said she'd mention it on my file and flag it to the security team. However, my funds would be withheld and there is no timeframe for when the account will be reviewed. Thanks BF and GC - this really helps!
I really don't know what to say to be honest. I have funds - earned legitimately - but can't work on the basis of Big Brother looking over my shoulder every time I make a loss. This is really Nanny State at its very worst.
Tried to log in to Betfair this evening to find that my account has been closed. The message reads:
"Access to this account is denied - this account has been closed. Please contact us if you have any questions."
So I contacted Customer Service - very nice and empathetic but can't really do much. Apparently, the security team sent me an email a few hours ago requesting the usual intrusive ID checks, proof of funds etc. No such email has arrived. When I pointed out that they had already been provided and in February, BF confirmed I was 'good to go', the agent said she'd mention it on my file and flag it to the security team. However, my funds would be withheld and there is no timeframe for when the account will be reviewed. Thanks BF and GC - this really helps!
I really don't know what to say to be honest. I have funds - earned legitimately - but can't work on the basis of Big Brother looking over my shoulder every time I make a loss. This is really Nanny State at its very worst.