5Dimes to Start Charging Withdrawal Fees for Non-BTC Exclusive & Sportsbook Transfers

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  • mrpapageorgio
    SBR MVP
    • 09-07-17
    • 2974

    #1
    5Dimes to Start Charging Withdrawal Fees for Non-BTC Exclusive & Sportsbook Transfers
    Just logged into 5Dimes and had this alert before proceeding:

    Starting Monday July 6th, payouts processed via BTC for non exclusive customers and outgoing Sportsbook transfers to selected operations, will incur in a 3% processing fee.

    5Dimes Management Staff
  • pologq
    SBR Posting Legend
    • 10-07-12
    • 19899

    #2
    really trying to deter from cc deposits
    Comment
    • HedgeHog
      SBR Posting Legend
      • 09-11-07
      • 10128

      #3
      What a shiit move. They want everyone to become BTC exclusive so they can fukk them on their send/receive price--where they always get the better rate. Happy 4th of July US clients--now grab your ankles.
      Last edited by HedgeHog; 07-04-20, 08:27 PM.
      Comment
      • DontTailMe
        SBR MVP
        • 03-24-19
        • 2897

        #4
        As has been pointed out, there is a way to evade being screwed on the BTC price at 5D.

        First, using a proper transaction fee will get it there in time. But also, sending them an amount which is different from what you stated will have it calculated at the current exchange rate.

        So really there’s no reason to fear that.
        Last edited by DontTailMe; 07-05-20, 05:04 PM.
        Comment
        • HedgeHog
          SBR Posting Legend
          • 09-11-07
          • 10128

          #5
          Originally posted by DontTailMe
          As has been pointed out, there is a way to evade being screwed on the BTC price at 5D.

          First, using a proper transaction fee will get it there in time. But also, sending them an amount which is different from what you stated will have it calculated at re current exchange rate.

          So really there’s no reason to fear that.
          Bullshiit. 5D often requires 6 or more confirmations, guaranteeing that the 15 minute window expires. Their system is rigged to its benefit.
          Comment
          • mrpapageorgio
            SBR MVP
            • 09-07-17
            • 2974

            #6
            Originally posted by DontTailMe
            First, using a proper transaction fee will get it there in time.
            I've seen it happen plenty of times for whatever reason the Bitcoin network happens to be slow and it takes 20, 30, even 40 minutes for a block to be mined........well beyond the 15 minute window.
            Comment
            • PD77
              SBR MVP
              • 12-11-09
              • 2381

              #7
              That’s fine and dandy but they need to promote Bitcoin by processing withdrawals faster than 48 hours. That’s bullshit. And I always use an expedited fee when I send to 5D and they credit it whenever they feel like it. 1 confirmation or 6. I personally think they wait longer if the price is trending down. Doesn’t matter they make money either way off of every single transaction. Worst case is break even for them. And I’ve tried the method of sending a different amount than requested, does not work. You still lose if BTC price goes up. Bitcoin was and is revolutionary for online gambling, too bad 5D is so damn stingy and slow with it. Did they forget they used to reimburse the fees for M.G. and W.U.? And what a pain in the ass both of those were.
              Comment
              • bubba
                SBR MVP
                • 09-29-05
                • 2432

                #8
                Originally posted by mrpapageorgio
                Just logged into 5Dimes and had this alert before proceeding:
                do they still offer 1 free payout a month?
                Comment
                • Optional
                  Administrator
                  • 06-10-10
                  • 60672

                  #9
                  Originally posted by bubba

                  do they still offer 1 free payout a month?
                  It was one per week last I knew?
                  .
                  Comment
                  • HedgeHog
                    SBR Posting Legend
                    • 09-11-07
                    • 10128

                    #10
                    Originally posted by bubba
                    do they still offer 1 free payout a month?
                    You can still get one free check payout every 30 days...for now anyway.
                    Comment
                    • BigdaddyQH
                      SBR Posting Legend
                      • 07-13-09
                      • 19530

                      #11
                      Keep wagering off line and keep getting screwed. This will never change.
                      Comment
                      • DontTailMe
                        SBR MVP
                        • 03-24-19
                        • 2897

                        #12
                        Originally posted by HedgeHog
                        Bullshiit. 5D often requires 6 or more confirmations, guaranteeing that the 15 minute window expires. Their system is rigged to its benefit.
                        Originally posted by mrpapageorgio
                        I've seen it happen plenty of times for whatever reason the Bitcoin network happens to be slow and it takes 20, 30, even 40 minutes for a block to be mined........well beyond the 15 minute window.
                        Even if this is true, if you read the rest of my post, there's still no reason to fear it. You just have to take the proper steps.
                        Comment
                        • mrpapageorgio
                          SBR MVP
                          • 09-07-17
                          • 2974

                          #13
                          Originally posted by DontTailMe
                          Even if this is true, if you read the rest of my post, there's still no reason to fear it. You just have to take the proper steps.
                          How can we not fear it if there are things being out of our control no matter how high we set the fee like the instances where the network is taking over a half hour to mine a block?
                          Comment
                          • HedgeHog
                            SBR Posting Legend
                            • 09-11-07
                            • 10128

                            #14
                            The 3% sportsbook transfer fee is especially alarming to me. I often send money back and forth between 5D and Heritage. That option is now dead to me.
                            Comment
                            • DontTailMe
                              SBR MVP
                              • 03-24-19
                              • 2897

                              #15
                              Originally posted by mrpapageorgio
                              How can we not fear it if there are things being out of our control no matter how high we set the fee like the instances where the network is taking over a half hour to mine a block?
                              Like I said, you just have to read the rest of my post which you quoted.

                              Originally posted by DontTailMe
                              As has been pointed out, there is a way to evade being screwed on the BTC price at 5D.First, using a proper transaction fee will get it there in time. But also, sending them an amount which is different from what you stated will have it calculated at the current exchange rate.So really there’s no reason to fear that.
                              Comment
                              • mrpapageorgio
                                SBR MVP
                                • 09-07-17
                                • 2974

                                #16
                                Originally posted by DontTailMe
                                Like I said, you just have to read the rest of my post which you quoted.
                                I've never had that happen, so explain that. It's always the same Bitcoin value quote.
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 60672

                                  #17
                                  Originally posted by mrpapageorgio

                                  I've never had that happen, so explain that. It's always the same Bitcoin value quote.
                                  It can only be "the same bitcoin quote" if you send the exact amount of bitcoin they tell you to. Send a bit more and it gets calculated at the time it's received.
                                  .
                                  Comment
                                  • mrpapageorgio
                                    SBR MVP
                                    • 09-07-17
                                    • 2974

                                    #18
                                    Originally posted by Optional
                                    It can only be "the same bitcoin quote" if you send the exact amount of bitcoin they tell you to. Send a bit more and it gets calculated at the time it's received.
                                    I've done that, it still gives me the same bitcoin "price". I obviously get more money since I sent more Bitcoin but the quoted price is the same when I've done it.
                                    Comment
                                    • Optional
                                      Administrator
                                      • 06-10-10
                                      • 60672

                                      #19
                                      Originally posted by mrpapageorgio

                                      I've done that, it still gives me the same bitcoin "price". I obviously get more money since I sent more Bitcoin but the quoted price is the same when I've done it.
                                      Ok, whatever.

                                      Every time Hedgehog brings this up someone else explains the same thing, but somehow for you guys it doesn't happen. That sucks.
                                      .
                                      Comment
                                      • mrpapageorgio
                                        SBR MVP
                                        • 09-07-17
                                        • 2974

                                        #20
                                        Originally posted by Optional
                                        Ok, whatever.

                                        Every time Hedgehog brings this up someone else explains the same thing, but somehow for you guys it doesn't happen. That sucks.
                                        I don't have the problem with Bovada and I don't have the problem with BetOnline. It seems with them as long as the fee is high enough, the deposit will credit before one confirmation. Why does 5D make that so hard between that and their 2-3 day payouts? I got my payout in 5 minutes from BOL today. Why is handling bitcoin deposits and payouts so hard for 5D to make convenient for players instead of people having to use these "workarounds" that don't seem to work for everyone yet there are books that seem to have a grasp on it?
                                        Last edited by mrpapageorgio; 07-05-20, 09:47 PM.
                                        Comment
                                        • Optional
                                          Administrator
                                          • 06-10-10
                                          • 60672

                                          #21
                                          Originally posted by mrpapageorgio

                                          I don't have the problem with Bovada and I don't have the problem with BetOnline. It seems with them as long as the fee is high enough, the deposit will credit before one confirmation. Why does 5D make that so hard between that and their 2-3 day payouts? I got my payout in 5 minutes from BOL today. Why is handling bitcoin deposits and payouts so hard for 5D to make convenient for players instead of people having to use these "workarounds" that don't seem to work for everyone yet there are books that seem to have a grasp on it?
                                          I dunno MrP. But given it's so easy to "work around" and has been the same way for years, personally I am not seeing it as bad problem. Just a quirk of 5Dimes.
                                          .
                                          Comment
                                          • PD77
                                            SBR MVP
                                            • 12-11-09
                                            • 2381

                                            #22
                                            Originally posted by mrpapageorgio
                                            I don't have the problem with Bovada and I don't have the problem with BetOnline. It seems with them as long as the fee is high enough, the deposit will credit before one confirmation. Why does 5D make that so hard between that and their 2-3 day payouts? I got my payout in 5 minutes from BOL today. Why is handling bitcoin deposits and payouts so hard for 5D to make convenient for players instead of people having to use these "workarounds" that don't seem to work for everyone yet there are books that seem to have a grasp on it?
                                            At this point, the only logical explanation to your question of why 5D does what they do with bitcoin is because it makes them money. And it adds up if they’re taking in a thousands of deposits per week. I used to think it was for security and fear of a bitcoin double spend and this could be true for newer customers but doesn’t add up for anyone else. Of course a withdrawal couldn’t be performed until a transaction confirms, or no playing poker, but they still hold all of the funds if the transaction doesn’t confirm. Most places I play at credit the deposit as soon as the transaction hits the network, some wait for one confirmation. If they’re that scared of getting burned perhaps switching to a faster and more secure cryptocurrency would work but I don’t see that happening. I guess we’ve become spoiled with bitcoin because even as slow as it is at 5D’s it’s still better than going to Walmart and sending cash to Hector Montero Santiago Chavez in Guatemala and having to go back because you sent it in pesos and spelled his name incorrectly. That was infuriating.
                                            Comment
                                            • clockwise1965
                                              SBR Hall of Famer
                                              • 10-01-13
                                              • 6753

                                              #23
                                              This is a dumb move from 5dimes from a customer service stand point. Its obvious they are trying to be a BTC based platform.

                                              It will cost 5dimes alot of customer.

                                              I use and like 5dimes but this new policy will make current 5dimes members consider moving to other offshore books.
                                              Comment
                                              • HedgeHog
                                                SBR Posting Legend
                                                • 09-11-07
                                                • 10128

                                                #24
                                                Originally posted by clockwise1965
                                                This is a dumb move from 5dimes from a customer service stand point. Its obvious they are trying to be a BTC based platform.

                                                It will cost 5dimes alot of customer.

                                                I use and like 5dimes but this new policy will make current 5dimes members consider moving to other offshore books.
                                                Some years back BOL was charging a similar fee for BTC transactions. They finally realized it was bad for business and ended it. Too bad 5D didn't learn from that mistake.
                                                Comment
                                                • greenpad
                                                  SBR Rookie
                                                  • 06-03-20
                                                  • 24

                                                  #25
                                                  9ii jute j Uskyblue 8 JBL you j8 nmuk 88 num 8i h I'm 9ii jmu OP hy jmu is 6 jmu high bj koi i 9iiiun7 you nmuk u mk in iun7 u
                                                  Last edited by greenpad; 07-06-20, 09:43 AM. Reason: Pocket dialed this message
                                                  Comment
                                                  • themike78
                                                    SBR MVP
                                                    • 07-01-13
                                                    • 4873

                                                    #26
                                                    Originally posted by greenpad
                                                    9ii jute j Uskyblue 8 JBL you j8 nmuk 88 num 8i h I'm 9ii jmu OP hy jmu is 6 jmu high bj koi i 9iiiun7 you nmuk u mk in iun7 u
                                                    I completely agree.
                                                    Comment
                                                    • Optional
                                                      Administrator
                                                      • 06-10-10
                                                      • 60672

                                                      #27
                                                      Originally posted by greenpad
                                                      9ii jute j Uskyblue 8 JBL you j8 nmuk 88 num 8i h I'm 9ii jmu OP hy jmu is 6 jmu high bj koi i 9iiiun7 you nmuk u mk in iun7 u

                                                      Last edited by greenpad; Today at 12:43 AM. Reason: Pocket dialed this message
                                                      Glad you explained! I checked your post history wondering WTF was going on
                                                      .
                                                      Comment
                                                      • Bedrockfred
                                                        SBR High Roller
                                                        • 12-15-16
                                                        • 242

                                                        #28
                                                        Originally posted by greenpad
                                                        9ii jute j Uskyblue 8 JBL you j8 nmuk 88 num 8i h I'm 9ii jmu OP hy jmu is 6 jmu high bj koi i 9iiiun7 you nmuk u mk in iun7 u
                                                        Good point. Thanks for the clarification.
                                                        Comment
                                                        • DISTROYA
                                                          SBR MVP
                                                          • 04-26-12
                                                          • 2911

                                                          #29
                                                          Im confused....when I logged in it said 3% fee for all "non-exclusive" customers. Are they referring to BTC in terms of being exclusive, or their vip customers or what?
                                                          Comment
                                                          • apatjude
                                                            SBR Rookie
                                                            • 10-04-19
                                                            • 19

                                                            #30
                                                            Originally posted by DISTROYA
                                                            Im confused....when I logged in it said 3% fee for all "non-exclusive" customers. Are they referring to BTC in terms of being exclusive, or their vip customers or what?
                                                            It's for anyone that has ever used a single credit card deposit on their account ever.
                                                            Comment
                                                            • Optional
                                                              Administrator
                                                              • 06-10-10
                                                              • 60672

                                                              #31
                                                              Originally posted by DISTROYA
                                                              Im confused....when I logged in it said 3% fee for all "non-exclusive" customers. Are they referring to BTC in terms of being exclusive, or their vip customers or what?
                                                              Originally posted by apatjude

                                                              It's for anyone that has ever used a single credit card deposit on their account ever.
                                                              "Bitcoin exclusive" means you have made at least your last three deposits in a row via that method.
                                                              .
                                                              Comment
                                                              • apatjude
                                                                SBR Rookie
                                                                • 10-04-19
                                                                • 19

                                                                #32
                                                                More concerning is it sounds like they are going to eliminate BTC payouts altogether in the future if you are not deemed BTC exclusive.

                                                                With fee or not there is a big possibility this method at some point will not available for you since this method is especially for our Exclusive customers. My recommendation is you become Exclusive.

                                                                To become exclusive, you need to play through or withdraw your balance to $0 both available & pending 3 times and each of your three BTC deposits after your account is at $0 must range closely to the average amount per deposit for all previous deposits. After the 3rd deposit you make via Bitcoins, management will review your account and decide if it can be converted to a BTC exclusive profile.

                                                                My understanding is that BTC payouts can occur once every 7 days and take 2-3 days of processing each time, this would be a three-four week process for high rollers playing with big balances.
                                                                Last edited by apatjude; 07-06-20, 11:24 AM. Reason: made a correction
                                                                Comment
                                                                • apatjude
                                                                  SBR Rookie
                                                                  • 10-04-19
                                                                  • 19

                                                                  #33
                                                                  Originally posted by Optional
                                                                  "Bitcoin exclusive" means you have made at least your last three deposits in a row via that method.
                                                                  Partially true. They say the 3 deposits have to be made after $0 available/pending balance. I know a lot of players probably deposit more if they have all their funds tied up in pending bets.
                                                                  Comment
                                                                  • QuantumLeap
                                                                    SBR Hall of Famer
                                                                    • 08-22-08
                                                                    • 6878

                                                                    #34
                                                                    Originally posted by greenpad
                                                                    9ii jute j Uskyblue 8 JBL you j8 nmuk 88 num 8i h I'm 9ii jmu OP hy jmu is 6 jmu high bj koi i 9iiiun7 you nmuk u mk in iun7 u
                                                                    Thank goodness! I was afraid the "Uskyblue 8 JBL you j8 nmuk 88" wasn't going to "jmu high bj koi i 9iiiun7". No one wants "nmuk u" in their "mk in iun7 u".
                                                                    Comment
                                                                    • DISTROYA
                                                                      SBR MVP
                                                                      • 04-26-12
                                                                      • 2911

                                                                      #35
                                                                      Pending requests before today will NOT incur the fee just chatted with someone there, FWIW
                                                                      Comment
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