Hi guys hope everyone is well!! Whats everyones thoughts on reverse withdrawals? Personally i think they shouldbe banned!! And its not because i smashed through my balance after cashing it out not AT ALL!!!! slot planet the most horrific site i play they hold funds available to reverse withdraw for 2 days!!! Cant be right that! Rant over haha Thoughts please? Potition time?....
I'm afraid this is another area where the UKGC are again noticeably absent. They bring in all sorts of regulations, which are subsequently used by the casino's to hold off paying out or even stop paying out, such as source of wealth etc etc, but something which would really help the players such as locking withdrawals they totally ignore. maybe due to petitions from the casinos that fund them?
To my mind there should be
All validation checks required to be carried out before deposits accepted and to be valid for all withdrawals
No gambling with credit cards
Withdrawals locked automatically as soon as you request them.
Next day payout - The casino's can take your deposit in 10 seconds but require 3 days to pay out? I can transfer money to a complete stranger in 2 minutes!
If necessary they could even carry out source of wealth prior to deposits, and cap your monthly deposit at a % of your substantiated income - this would at least stop Joe Public getting home on pay day., having a couple of beers and then spunking his rent money, food money and everything he has chasing a bonus on bonanza which will probably never come in or pay 5x. Yes he could theoretically go from casino to casino,.but at least the effort and time verify which give him time to pause for thought.
I doubt any of this will be made effective - I suspect the UKGC employ a substantial number of people who like official journeys to Malta on information gathering trip in the summer :-)
I firmly believe all casinos should immediately lock a withdrawal, so yeh same thing. Reversing should never be a thing. It will happen soon enough.
Thanks for replies guys, glad to know im not on my own on this matter!! 100% needs changing from the players perspective anyway!!!
sorry for the lateness of my opinion but i 100% agree they should go, if UKGC are looking into problems like they currently are, surely reversing winnings should be right up the list for them.
Hi jimbo! Seems everyones opinion on this is the same! Hope something gets done so i can actually cash out once in a while! Few and far between building a balance to cash out anyway so when i do it would be nice not to feel tempted into dipping back in once ive blasted the money i left in for playing!!