Problems with getting your winnings from online bookies
Adrian Weckler contacted me last week about a piece he was putting together for his reality BYTES column in Sundays Sunday Business Post.
Unfortunately I couldn’t help specifically, but it’s interesting to read about the restrictions places on Mastercard holders when it comes to online gambling.
As a fellow Liverpool supporter, I’m not so sure about the ethics on benefiting from ManUre winning the title, but as someone who turned €100 into €2000 by betting on Liverpool throughout this season just finished, I know about the problem in getting your money back. Fortunately, BoyleSports.com provide a simple cheque withdrawl facility.
One Comment
This problem is caused by Mastercard, not the bookies. If you deposit with Laser or Visa they will pay you back straight to your card/bank account.
The problem with Mastercard is that fraudsters know this, so when they steal a Mastercard, they know if they deposit to a gaming site, they will get a withdrawal by a different method. That is why the bookies have to ask for id to make sure the owner of the card is genuine.
Mastercard are working on a solution which will allow bookies to pay back to the card but this is some way away.
It is also worth mentioning that you cannot use a Mastercard to deposit or withdraw to a gaming site via Paypal at all.
Disclosure: I work for an online bookmaker.