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  1. #1
    Syndicate is offline Public Member
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    Default BET365 turn off Skrill & Neteller for UK and some South American countries

    Did you pick up on this one, Bet365 turning off Skrill & Neteller accounts for UK + some South america?

    The 3 thoeries:

    1. Bonus abuse

    2. Professional gamblers using ''3rd party' betting accounts for ''soft touch'' in-play

    3. Skrill charging too much

    4. Be my guest -- fill in?

    Skrill might feel bad after shopping Barney Curley/ Meghan McCann ?

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  3. #2
    Prophet_SEO is offline Private Member
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    Doesn't require any theories. UKGC established regulations regarding money laundering. Skrill and Neteller are hard to verify where the funds are originating from.

  4. #3
    Syndicate is offline Public Member
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    Comment from EGR ---- ''Bet365 has turned off Skrill and Neteller as payment methods in the UK amid issues with bonus abusers, EGR understands. The payment methods were turned off over the weekend, although will remain active in certain markets. Bet365 declined to comment on the exact reasons for the closure but EGR understands bonus abusers using the payment methods was a…''

    Didn't they already have it capped (skrill deposits) at GBP500? - why haven't all the others followed?

    What about South America Peru Argentina and Bolivia on my list!

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    Quote Originally Posted by Prophet_SEO View Post
    Doesn't require any theories. UKGC established regulations regarding money laundering. Skrill and Neteller are hard to verify where the funds are originating from.
    I agree.

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    Not that Skrill pays any money to its users. They usually block the accounts as soon as the time for payment comes in.
    Last edited by Malikbhai; 8 October 2019 at 9:46 am.

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    Other than working with affiliates (and that's a feat in itself) Paysafe is a massive scam. They'll get theirs, as soon as an honest investigative officer takes on the case of massive stealing of funds from thousands of punters. It's basically a 1xbet of payment processing.

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  9. #7
    Syndicate is offline Public Member
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    It would be funny if it wasn't true -----
    Quote Originally Posted by Malikbhai View Post
    Not that Skrill pays any money to its users. They usually block the accounts as soon as the time for payment comes in.

  10. #8
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    I agree with the first 2 points, I saw and I am seeing amazing abuse with Skrill Not only on bet365
    Seven times fall, eight times stand.

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  12. #9
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    It is 1+2, which is the same.

    There are accounts from countries like Bangladesh for sale by hundreds. E-wallets are used to move the money around.
    It will have zero or positive effect on affiliate income.

    I wonder only how they could tolerate it for so long.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    Quote Originally Posted by Prophet_SEO View Post
    Doesn't require any theories. UKGC established regulations regarding money laundering. Skrill and Neteller are hard to verify where the funds are originating from.
    And yet Credit Cards are fine.
    You ever applied for a credit card? Tell me that process goes through AML regulations.


    I think the fees being charged by Skrill and Neteller are a big factor - especially when UK players have other fee-free options like debit cards

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    I would like to believe ''real'' professional punters are not necessarily bonus abusers, but i get your point!

    I know several people who are abusing 3rd party accounts on a big scale (200-500K per month profits), and from what i understand it's all arbitrage!

    Do you believe others will follow? - It would be a business killer for the likes of Skrill (oh dear, how sad, never mind! - who said that?)



    Quote Originally Posted by Sherlock View Post
    It is 1+2, which is the same.

    There are accounts from countries like Bangladesh for sale by hundreds. E-wallets are used to move the money around.
    It will have zero or positive effect on affiliate income.

    I wonder only how they could tolerate it for so long.

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    I do agree with most of your thinking and would like to add more :

    - it is amazing to buy "mule" accounts and to transfer the money at the end of the day to a VIP Level account in Skrill.

    - Skrill are ok with all that issue, as they want to profit from all the money flow. Unless boooks or casino gives a "red light" all is in oreder, or when the mule got limited.

    - here we speak about bet365, I remeber such games not long ago with Pinnacle and their most famous slogan " Arbitrage Welcome" + adding all the fraudulent funds who are coming and going on dozens of accounts a day + when u got your % of the turnover as affiliate + Rs % if you were greedy enough. Now Pinny is almost dead with low limits and more many bullshite

    - also let's say on weekend days depsoiting and withdrawing with Skrill is a piece of cake and money are just flying like Air Jordan

    - Skrill will never die, they just become bigger and buying and acquiring small companies for payments ( small example is Paysafe which is their business name at the moment).

    - And if hard times coem fro Skrill, they just shave us via their Income Acess product

    Quote Originally Posted by Syndicate View Post
    I would like to believe ''real'' professional punters are not necessarily bonus abusers, but i get your point!

    I know several people who are abusing 3rd party accounts on a big scale (200-500K per month profits), and from what i understand it's all arbitrage!

    Do you believe others will follow? - It would be a business killer for the likes of Skrill (oh dear, how sad, never mind! - who said that?)
    Seven times fall, eight times stand.

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  19. #13
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    Away from the subject a bit!

    Here is an interesting stat about one of these ''3rd party'' account buyers i mentioned:

    Over the past three months -88k with Pinnacle on 4.1 million staked! (all bets ''in-play'' all bets US Sport!) --- The loss of 2.15% from stakes suggest Pinnacle are close to perfect with 5 cent lines!!

    On the other hand - Bookmakers buying Bet Radar ''in-play'' services can be beaten with 9 cent lines!!

    Quote Originally Posted by drifter8 View Post
    I do agree with most of your thinking and would like to add more :

    - it is amazing to buy "mule" accounts and to transfer the money at the end of the day to a VIP Level account in Skrill.

    - Skrill are ok with all that issue, as they want to profit from all the money flow. Unless boooks or casino gives a "red light" all is in oreder, or when the mule got limited.

    - here we speak about bet365, I remeber such games not long ago with Pinnacle and their most famous slogan " Arbitrage Welcome" + adding all the fraudulent funds who are coming and going on dozens of accounts a day + when u got your % of the turnover as affiliate + Rs % if you were greedy enough. Now Pinny is almost dead with low limits and more many bullshite

    - also let's say on weekend days depsoiting and withdrawing with Skrill is a piece of cake and money are just flying like Air Jordan

    - Skrill will never die, they just become bigger and buying and acquiring small companies for payments ( small example is Paysafe which is their business name at the moment).

    - And if hard times coem fro Skrill, they just shave us via their Income Acess product

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    When you mentioned Pinnacles as did I few posts above, I used to be Us Sports trader and do know how Pinny lines could be beaten, Yes the lines and margins are more than perfect. But there is always a way to cheat.

    You just gave amazing example.

    Thx for sharing, Syndicate.
    P.S About Betradar accounts, bookies from all over the world have limited or marked the offices of other bookies with Sports' Traders Departments. So it is a game, where I do not want you or other affiliates to be in a losing streak. We are doing our best to generat traffic and get new regs and when some : hunters, cheaters , arbers and so one jump in our "basket" , where the apples go to?
    Seven times fall, eight times stand.

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    I just got a new Skrill contactless card as the old one expired. Can't withdraw my money on ATM (€50 worked but €300 did not) or use the card to fund my Leopay account. Most online services decline the card.

    So I'm guessing this is actually a lower level card and most merchants treat it as a prepaid gift card or something.

    The downward spiral of Skrill/Neteller/Paysafe continues.

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    I also heard rumours of hacked cards of Skrill. Just think it that way, using Skrill in our industry , especially from gamblers is a way of cheating.

    Paypal is another thing. Also one on the wors thing when Neteller and Skrill became joint venture was the taxes for all the transactions going around.

    Paysafe as a produch and paid voucher for betting was a good product, but those days are gone.
    Seven times fall, eight times stand.

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    Quote Originally Posted by DanHorvat View Post
    I just got a new Skrill contactless card as the old one expired. Can't withdraw my money on ATM (€50 worked but €300 did not) or use the card to fund my Leopay account. Most online services decline the card.

    So I'm guessing this is actually a lower level card and most merchants treat it as a prepaid gift card or something.

    The downward spiral of Skrill/Neteller/Paysafe continues.
    I have the same experience.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  27. #18
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    Quote Originally Posted by Syndicate View Post
    I would like to believe ''real'' professional punters are not necessarily bonus abusers, but i get your point!

    I know several people who are abusing 3rd party accounts on a big scale (200-500K per month profits), and from what i understand it's all arbitrage!

    Do you believe others will follow? - It would be a business killer for the likes of Skrill (oh dear, how sad, never mind! - who said that?)
    If you are after money like we all are, you never leave free money on table right? The lines are most beatable at bookies who provide bonuses. There really is not a difference between a pro and bonus hunter. The guys just want to maximize the profit.

    When I was young and betting I did not use the bonuses and other identities that much (but it helped me to make the initial bankroll). The reason was because the bookies were not that hard with limiting the accounts and it was much more profitable to bet for example 5000 usd on line that was 2% off than hunting for 100 usd bonus. Because the first was one click and the second was a lot of work.

    But nowadays I just wildly guess the risk management is crazy with limiting any +EV bets, so the strategy now is bonus whoring on large scale. Even probably combined not with betting on +EV bets but for bets with -EV, because this was they can conceal themselves better.

    So the strategy of bookies to not let anyone beat their lines brings the fruit here in this absurdity.

    I actually do think this will harm Skrill, because this is the beginning. Bookies will simply shift elsewhere with banking. I am really curious whether Skrill/NT can be profitable in all countries if those savvy bettors are excluded. Skrill is the biggest leech on bookies.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    Skrill & Neteller always been "problematic" methods, while the operators are almost always excluding players that are using Skrill & Neteller from claiming bonuses this can tell a lot on how these payment methods are treated by the authorities and/or the operators.

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    JCR
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    These are just not profitable payment methods for operators. Usually more money going out than coming in with Skrill/Neteller in UK and most of the Nordics. On top of that you have to pay the fees so a very understandable decision.

    Many have already blocked these methods for certain geos and more will follow - for sure will harm Skrill/Neteller in the long run.

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