It's almost June

[Hughes4]

I haven't been listening to the Poker Beat for awhile now. Will probably get back into it over summer fwiw.
Just wondering, what is the consensus about the UIGEA and poker funds?
Should I seriously withdraw all my money? Keeping in mind that there's no way I can manage to put a substantial amount of it back on

[dstoyo]

Originally Posted by Hughes4

Should I seriously withdraw all my money?

I tried to cashout 50% of my roll on stars about 10 days ago. Last bankwire transfer i did with stars took about 3 days. I m getting a little worried. I also read on 2+2 people are having problem with cashing out using bankwire.

I don't know what will happen on june 1st but i hope online poker survives.

[Spartan]

Originally Posted by dstoyo

I tried to cashout 50% of my roll on stars about 10 days ago. Last bankwire transfer i did with stars took about 3 days. I m getting a little worried. I also read on 2+2 people are having problem with cashing out using bankwire.

I don't know what will happen on june 1st but i hope online poker survives.

See: Partypoker

It'll survive..it just, in the absolute worst case scenario, won't have any more US players.

That said, I'm going to chalk up this delay on a classic "run on the banks" scenario. US customers are purging their online rolls for fear of them becoming unreachable, and so Pokerstars is likely swamped with way above average requests. The delays in getting your money as a result of the swamp lead to further fears that the money is in lockdown, sparking more requests, rinse and repeat.

[dstoyo]

Originally Posted by Spartan

That said, I'm going to chalk up this delay on a classic "run on the banks" scenario. US customers are purging their online rolls for fear of them becoming unreachable, and so Pokerstars is likely swamped with way above average requests. The delays in getting your money as a result of the swamp lead to further fears that the money is in lockdown, sparking more requests, rinse and repeat.

Or the banks are already prepared for june 1st....

[Tyresias]

Originally Posted by dstoyo

Or the banks are already prepared for june 1st....

You live in Canada.

[dstoyo]

Originally Posted by Tyresias

You live in Canada.

Well im moving back to the states.

[The 6th Wilbury]

At risk of sounding like a newb, I've never done a cashout in the post-UIGEA era. Among the U.S. citizens who have, how has your experience been with the eCheck or the regular check options?

As an example, at PokerStars, I never actually made a deposit in the post-UIGEA era. I got that $5 teaser a while back. Everything else in my Stars roll comes from actual winnings, payments for Shronk's flowers, winnings from various PokerRoad contests, plus a bunch of the buy-ins from the current WSOP fantasy league.

According to their policy page:

If your cashout exceeds the total amount you've deposited that PokerStars is able to redeem, or you've used a method of deposit not listed above, you will have the following options to receive your funds:

I already know I'm not eligible for CLICK2PAY, Visa, Moneybookers, ClickandBuy, WebMoney, EntroPay and Moneta. I assume NETeller is a no-go, and I see the U.S. is not included in the Direct Bank Transfer option. Thus, the eCheck and paper check appear to be my only choices.

Anyway, just wondering... since I'm holding the entries for the WSOP contest, I want to be sure I'll be able to cash everything out in case the UIGEA forces me to distribute winnings outside the poker sites.

Thanks!

[nyoungman]

my personal experience has been thus far, always requested paper check payout on FT and Stars. Never had a problem, usually arived 7-10 days if i remember right, it's been about a year tho.