Poker Transfers

[ThePokerBank]

I was thinking earlier, how is it that some poker rooms are happy to offer inter-account transfers whilst others are not? For example, Full Tilt and PokerStars both offer an inter-account transfer service whilst other big rooms like Bodog do not. In fact, if any one player tries to intentionally lose their chips to another, both accounts will be locked and the funds seized.

What benefits are there for rooms like FT and PS to allow such transfers? Are they happy to let their users use it as some sort of payment service? I could only think that this would cause problems and lose them more money if players deposit and transfer the money immediately and then it gets withdrawn, whilst FT or PS pay the neteller fees and such.

I was just becoming concerned about using FT and PS as methods of payment, and that they may be inclined to close the account it if it used in that respect. So essentially, why do FT and PS have inter-account transfers and what is there to gain from it?

Loads of questions I know, but thanks in advance for any replies.

[PartyForFree]

It's pretty basic. It's to allow people to transfer funds to their friend so they can play.

They won't let you just withdraw the funds you receive from a transfer. There are play through requirements, not unlike a cashout restricted bonus.

I won the UB $200 sunday tournament last year, but was splitting it with a buddy. I transfered him his half, and they wouldn't let him cash it out. He had to transfer it back to me and I cashed it out.

[ThePokerBank]

Ive received account transfers on FT and cashed them out instantly on numerous occasions.

[corpfan1]

FT and Stars have no such restrictions, so long as the player who receives the funds have made a deposit in the past.

[PartyForFree]

Stars does. I had a friend transfer me $10K and they wouldn't let me cash it out. I got an email saying "we're not a financial institution, etc..."

[TheDonk]

Originally Posted by PartyForFree

Stars does. I had a friend transfer me $10K and they wouldn't let me cash it out. I got an email saying "we're not a financial institution, etc..."

$10K could easily put you into a new category of security. I don't know this for fact, just trying to use some logic on the deal.

I think the whole idea of transfers is simply so a broke customer can continue to play. Now there are 2 players generating revenues from 1 source of funds. That's a good deal for the sites.

TheDonk



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