SIA and Swiftpay Limits?

[cdg333]

i found this in swiftpay rules, does this apply to gambling? sorry if this sounds niave but was wondering if anyone had issues taking money out of SIA through swiftpay? is there a better way with SIA?


4. Accounts Over $1,000
Swiftpay can only release funds to Merchants 14 (fourteen) days after the original payment date to the Merchant.

Once Swiftpay have processed more than $1,000 of transactions for a Merchant, the Merchant must fill out a Business Application Form before further transactions can be processed. No further transactions can be processed until the Business Application Form is completed and returned.

Swiftpay keeps a 15% holdback fee for six months on all payments after $1,000 for fraud prevention purposes. Other than this safeguard, funds are freely available to Merchants.

 

[cdg333]

anybody have probs taking out money at SIA via swiftpay?

 

[NickDouglas]

Swiftpay takes a little bit longer to process a w/d (2-3 biz days before it hits my checking account) but it is incredibly easy and there are no fees involved. Swiftpay, to my knowledge at least, is just an ACH processing arm of SIA. Don't worry about what it says on Swiftpay's site, check with SIA to see their policies. I have never moved over $1000 at a time (I never let my SIA account get too large before making a withdrawl) but the only thing you need to worry about is that you have to wait 14 days to make a withdrawl after your last Swiftpay deposit. As long as you don't mind that rule, Swiftpay is a great way to use SIA because it is free, easy, and goes straight in and out of your checking account.

 

[jip]

From what I have read on other sites I would steer clear of swiftpay.

In fact better still I would steer clear of sportsinteraction all together. Just look at some of the posts on this site about them if you need more info.

 

[cdg333]

yeah i am scared myself, thats why i am trying to get out. i am taking little bits out at a time 500 here and a dime there, so i can move it to more respectable books. SIA was just so easy to get money to. now that i am making money i want better books.

 

[NickDouglas]

SIA is a great book in my opinion. They offer unique lines and for person who plays smaller amounts they are a must-have for underdogs and under bets. I know that they have had a lot of complaints in the past but I have yet to read a complaint that would affect a person who follows their rules. Most of the complaints I see are from people trying to use multiple accounts to circumvent limits or people who bet bad lines and then get mad when their bets are cancelled.

 

[mvbski]

I for one never tried to scam them, I just played there juicy lines and won,the best thing they ever did for me was kick me out before I had to experience the BS they pull,and for that I say thank you SIA

 

[cdg333]

just saw that my 1st withdrawl of 500 went through. not yet in my checking but at least swiftpay has seen it. i have one more for a dime hopefully tomorrow.
nick, what kind of balance do you keep there? how often and for what ammt do you withdrawl?

 

[NickDouglas]

I try to keep my balance under 2000. The frequency of withdrawls basically depends on if I win and how much.

 

[cdg333]

i am trying to do the same with my balance as well. how much do you typically wager? i myself am between 100 and 250. i have this syatem that has been kickin rear, and i am starting to see $$. i want to give it another week before i discuss.

 

[NickDouglas]

$220-$400, sometimes up a slight bit from that.

 

[cdg333]

I have still not seen this in my accts yet. i am waiting on almost 3000 in withdrawls done at different times over the last 2+ weeks. they tell me to wait 1 more day but this is not the way to do business. I know nick you have said they have never done you wrong, but they are killing me. My advice is for all you new players stay away from swiftpay and sia. it is not worth it. it is so easy to send them money, but if you plan on getting any back you can forget about it. if i do get my money i am moving into neteller and some more reliable books.

 

[Redneckman]

I have never had a problem with sportsinteraction, but I use neteller with them.

 

[cdg333]

how do you withdrawl using neteller ans SIA? i do not see that option on there withdrawl menu.

 

[vmax700sx]

Neteller has to be the last deposit you made to Sia. Once you make a Neteller deposit the box shows up to make a withdrawl. As long as you keep depositing via Neteller you can withdraw that way.
I deposit through Firepay because the money is there instantly, without additional charge. You can do that with Neteller, but they charge 8.9% which is ridiculous.
When I want to take money out of SIA I deposit $100 via Neteller and then withdraw the amount I want +$100 through Neteller

 

[cdg333]

damn i wish i new that was an option. now swiftpay is telling me they sent me the money on the 9th, when i got an email on the 13th telling me that it would be there next business day. i am getting so frustrated.

 

[NickDouglas]

They were slow processing Swiftpay around the beginning of the year once college football ended. My guess is that they had a lot of requests to go out or else they are just broke. I have made 4 swiftpay requests starting 12/28 totalling about $1700 and I got them all, usually between 3-7 business days after making the request. One of them was slow in showing up in my swiftpay account so I called customer service to inquire about it and they said it would be processed in a day or two. Two days later it showed up in my swiftpay account. It always takes between 1 and 4 business days to get form the swiftpay account to my checking account.

I don't know if it is just because I always keep my withdrawls to $1,000 or less in transit at a time or what, but I have always gotten paid. It is not like I am a lifetime loser there, either. This most recent string of withdrawls was off an initial deposit of $500.

Check your swiftpay account and find out what day the withdrawl was processed. For me it has always shown up in my checking account no more than 5 business days after that.

As far as Firepay goes, it can be a pain. A lot of times books process Firepay withdrawls like credit card withdrawls so it takes a while for the money to hit my firepay account. Plus, for a smaller player like me it is annoying to have to pay a w/d fee from the book and then another $10 tacked on to that for Firepay to fund my checking account. The only nice part is that you get credited immediately for deposits but if you plan ahead Neteller is the better option in my opinion.