Cashing Out

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Cashing Out Empty Cashing Out

Post  Scrupboy on Tue Apr 15, 2008 11:21 am

Just an FYI for those of you that are interested in cashing out from PokerStars.

I cashed out a sum of money on Wednesday morning last week (April 9th). The only option I received was for a check via first class mail. Sent an email to PokerStars in regards to cashing out as their website indicates that their is a courier option for cash outs of greater then $1000, but I did not see that option. Below is the email they sent me:

Thank you for your email.

All cheques to US players, regardless of the amount, are sent by
First-Class
Mail - we do not deliver cheques via UPS or FedEx or any other courier
service. Please note that First-Class mail does not come with tracking
numbers for their deliveries, so we cannot provide tracking data for
your cheque.

If you require any further assistance then please do not hesitate in
contacting us again.

I check the website again and the verbiage is such that US players only have the option of First-Class mail and to allow 14 days for delivery. The courier service is most likely for other countries.

The 14 days is most likely the worst case scenario and probably there in case there are issues, etc. My check arrived yesterday, April 14th, exactly 5 days after requesting the withdrawal which includes the weekend. I would say that you should expect your check within 7 days and most likely 4 business days. The check was cut from Washington Mutual bank under what seems to be an alias name or fictitious business name. I'm not sure why, but no where on the check, envelope or stub was information regarding PokerStars. I decided to take the check to a Washington Mutual bank to see what their check cashing policy was and if I would encounter any issues. All I needed was two forms of ID, a thumb print and BOOM, cash money! WaMu didn't charge any fees for cashing out at their bank.

It would be nice to just take this chunk of change and have some fun, but I decided to be responsible. Paid off some bills with 70% of it, gave 20% to the kids and used 10% to treat the family to a nice dinner at Bennihana's. All you can eat sushi was awesome, but I don't think I'll be eating sushi for a while.

Hopefully this information will be useful to you all. If only the check would have come a little earlier I could have played in the HPT.
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Post  Stallion on Tue Apr 15, 2008 3:05 pm

Congrats again on the cash! They don't put any information regarding the source of the money b/c the banks would possibly be obligated to not honor the check as it would be a transaction possibly related to unlawful internet gambling which is the devil.
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Post  Scrupboy on Tue Apr 15, 2008 3:19 pm

Stallion wrote:Congrats again on the cash! They don't put any information regarding the source of the money b/c the banks would possibly be obligated to not honor the check as it would be a transaction possibly related to unlawful internet gambling which is the devil.
That makes sense and thanks for the congrats.

I hope u guys don't think this post was made as a brag. After reading through some of my posts, I kind of sound like an ass. Embarassed Embarassed This post was made with the intentions of helping you with your decision of requesting a cash out when the time comes.
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Post  Stallion on Tue Apr 15, 2008 3:23 pm

Dude, if I ever take down a tourney like that I'll redefine pompous ass. You don't sound like an ass, trust me.
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Post  kkravec on Tue Apr 15, 2008 3:27 pm

Scrup...don't forget the bring all that money to our place next month...we could all benefit from your cash out by donating it around the table.

Congrats on the cash out!
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Post  PoWdA on Tue Apr 15, 2008 3:28 pm

I second what Keith said.... Just like last time!!!!




Congrats again Son.
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Post  kkravec on Tue Apr 15, 2008 3:30 pm

I think this time we deserve more than $20...we just need to make sure Son doesn't fight with his wife earlier in the day and can stay more then 30 minutes...at that rate...we should all clean up from him if we can get him to stay for 3-4 hours

lol!
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Post  PoWdA on Tue Apr 15, 2008 3:31 pm

Yeah Son barely had a chance to give us his money last time.


He did what he could at least.
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Post  Scrupboy on Tue Apr 15, 2008 3:37 pm

Like I said before, you guys are waaaaaaaaaay cheaper then the $50 / drink I sometimes give away up the hill.

Funny thing to mention, I actually save money by winning online due to not having to tip the dealers after the win. Don't get me wrong, I always give those guys and gals a pretty decent tip (IMO) when I win up there. They work hard for their money as I'm sure Danny and Keith know.
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Post  idh78 on Tue Apr 15, 2008 4:01 pm

Scrupboy wrote:
Stallion wrote:Congrats again on the cash! They don't put any information regarding the source of the money b/c the banks would possibly be obligated to not honor the check as it would be a transaction possibly related to unlawful internet gambling which is the devil.
That makes sense and thanks for the congrats.

I hope u guys don't think this post was made as a brag. After reading through some of my posts, I kind of sound like an ass. Embarassed Embarassed This post was made with the intentions of helping you with your decision of requesting a cash out when the time comes.

I didn't find you to be an ass at all, however you did provide me with some pretty useless information, as I have never heard of this "cashing out" process you speak of.....I didn't even realize that was possible....

honestly though I am happy I have about $38 of my initial $25 deposit left confused I am pretty sure that is a direct result of Pokerstars not having a sportsbook ala bodog where I used to play poker.
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Post  kkravec on Tue Apr 15, 2008 4:08 pm

I agree not having the sportsbook attached helps. I had (key word) money in sportsbook which is pretty soft at poker, then the sports kicked in and a couple bad beats....poof...cash gone
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