I'm posting this simply for information for ibfm - apparently SBT has cleared up their problems with some payouts being slow and half-paid, which is good news. The following was posted a while ago - point is, if I were thinking of joining them, I'd make sure they will pay out when you ask for the money according to their site rules, and not ask you to wait for it - IF that's important to you. Would like to see this book succeed ...
D2bets
Certifiably Crazy
posted November 07, 2003 05:38 PM
Guys, I've been playing with SBT for a few months. The first couple payouts (Neteller) were smooth as I remember them. But in the last couple month or so it's like pulling teeth. There's just no chance of getting paid without repeated requests done skillfully. It would typically go something like this: Make a 2500 Neteller payout request Monday morning. After hearing nothing, send an email Tuesday afternoon -- where's my cash? Receive email back that they would like to pay me by FedEx check instead. Email back that it has to be by Neteller. Reply would typically say they'll do their best. Probably by Thursday I receive a 1000 payout. Email SBT back about the remaining 1500. Reply back that they will do the rest when they have the funds. I ask approximately when that will be and am told usually they get postups on the weekend, so hopefully Monday. And so on. Incidentally, one of these times I received a partial payment, I never groveled for the rest and never received it. Payout requests are truly that at SBT -- REQUESTS. You have to followup and stay on them to get it all, and it's not usually all at once. This is a nutshell. This all happened not within the last 2 weeks but in the past 2 or 3 months. I am now fully extricated from SBT and plan to stay that way. They basically admitted to me on more than one ocassion that they rely on postups and reloads to make payouts.
I have no agenda here, just wanted to report my experience. Seems pretty clear that this book is tight on funds. Growing pains? Maybe. But sometimes painds precede death, not growth.