Page 1 of 2 12 LastLast
Results 1 to 20 of 31
  1. #1
    RedFoxLotto's Avatar
    RedFoxLotto is offline Non-sponsor Affiliate Program
    Join Date
    February 2020
    Location
    Germany
    Posts
    67
    Thanks
    7
    Thanked 46 Times in 16 Posts

    Default Transferwise account closure - and they seem to intend to keep my funds...

    I had a personal and a business account with them for a few years now. The account was used to send a receive money, mostly making payments to bank accounts in other countries. Then two weeks ago, I suddenly received an email out of the blue, telling we that my account was canceled. My access to the account was blocked. No reasons given whatsoever.
    The email says I can contact them and appeal the account closure. I did that right away - asking for clarification and return of remaining funds. So far, no answer at all.
    I am luck that there was only the small amount of app. €200 left in the account, a couple of days earlier and we's be talking about €12k .
    Anyway, I suggest that if you do work with them, be extremely cautious.

  2. The Following 7 Users Say Thank You to RedFoxLotto For This Useful Post:

    drifter8 (2 November 2020), eenzoo (2 November 2020), Juan Roman (2 November 2020), Nenad (20 January 2021), ocreditor (3 November 2020), tufty (2 November 2020), vardan (3 November 2020)

  3. #2
    JCR
    JCR is offline Private Member
    Join Date
    August 2019
    Posts
    14
    Thanks
    4
    Thanked 4 Times in 3 Posts

    Default

    They donīt like gambling (itīs also in the T&C) so if you used it for affiliate payments etc. - that might be the reason for closure.

  4. #3
    Casino Gamerz is offline Public Member
    Join Date
    July 2020
    Location
    UK
    Posts
    144
    Thanks
    15
    Thanked 23 Times in 17 Posts

    Default

    Quote Originally Posted by JCR View Post
    They donīt like gambling (itīs also in the T&C) so if you used it for affiliate payments etc. - that might be the reason for closure.
    This could well be the case and if they haven't already, you should push them for a response. It's naughty allowing the transactions in the first place if its against policy. Good luck!
    Quality Casinos - Casino FAQs
    Best USA Casinos - Best USA Casinos
    Best Online Casinos - Best Online UK

  5. #4
    baldidiot is offline Private Member
    Join Date
    January 2010
    Posts
    4,466
    Thanks
    410
    Thanked 2,028 Times in 1,340 Posts

    Default

    They're FCA regulated so issue a formal complaint and if not resolved take them to the ombudsman: https://www.fca.org.uk/consumers/how-complain
    onlinegamblingwebsites.com - Formally known as goodbonusguide.

  6. #5
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,213
    Thanks
    1,275
    Thanked 3,306 Times in 1,841 Posts

    Default

    It is normal that banks close accounts and so far it had nothing to do with stealing the funds. They simply resend they money elsewhere after they decide that they do not want you as a customer. It was not normal in 2010, but it is a normal behaviour now.

    So I do not think one should be more cautious than elsewhere, they did not steal anything (hopefully yet). Unlike for example Skrill.
    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

  7. #6
    RedFoxLotto's Avatar
    RedFoxLotto is offline Non-sponsor Affiliate Program
    Join Date
    February 2020
    Location
    Germany
    Posts
    67
    Thanks
    7
    Thanked 46 Times in 16 Posts

    Default

    I'd understand the part about not liking gambling, but they have been ok with my transactions and the nature of my business ( which they knew to be gambling-related) for years, and I find it not cool to simply not answer any emails. I guess I just have to patient and wait for a response ...

  8. #7
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,213
    Thanks
    1,275
    Thanked 3,306 Times in 1,841 Posts

    Default

    If you had gambling related transactions like from affiliate marketing, then you are at any bank at risk of account closure and TW has it now in their TOS even.

    Even the banks that wanted my business few years ago now show me a door. Sometimes they say sorry, sometimes they say nothing. But there is no need to warn people IMHO - it is a current situation everywhere. Everyone has to be warned that this system overall goes to hell, that your money in any bank is not "yours" like gold bullion or bitcoin in your hand.
    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

  9. #8
    tufty is offline Public Member
    Join Date
    November 2016
    Posts
    336
    Thanks
    132
    Thanked 223 Times in 136 Posts

    Default

    Quote Originally Posted by RedFoxLotto View Post
    I find it not cool to simply not answer any emails. I guess I just have to patient and wait for a response ...
    Just ring them up. I've had no problem talking to TW on the phone.

  10. #9
    allfreechips's Avatar
    allfreechips is offline Private Member
    Join Date
    August 2010
    Location
    Ohio - The taxing state
    Posts
    1,081
    Thanks
    136
    Thanked 631 Times in 371 Posts

    Default

    I just cleared out most of my funds there at TW, I lost 2700 to paypal as it was taken to pay their legal fee's or some **** even though they never told me what terms I broke?
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

  11. #10
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,213
    Thanks
    1,275
    Thanked 3,306 Times in 1,841 Posts

    Default

    You lost it at Paypal?
    Maybe they never told you what you did, but can you share what you did ? I am still being paid there by few small companies, but I guess it's Paypal, so it must be according to TOS.
    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

  12. #11
    allfreechips's Avatar
    allfreechips is offline Private Member
    Join Date
    August 2010
    Location
    Ohio - The taxing state
    Posts
    1,081
    Thanks
    136
    Thanked 631 Times in 371 Posts

    Default

    I took a listing fee for $200 from Melbet, and i was being paid by 2 affiliates there. Nothing major cash wise but a good amount monthly. The melbet payment came in 15 small payments from ukraine, russia ext and it looked pretty shady. I had no idea what it was until I added up all the small transactions and saw it was 200. Paypal locked my account and wanted me to explain those and well as a payment from Buffalo partners, I did as affiliate payments and a web sale for promotion, they came back and said the account is perm locked and after 6 month they will let me know how to claim my money. At 5 months 20 days i got an email stating they will use my balance to pay legal issues, the decision is final. After I got that i researched a bit and see people lost 100K plus in paypal accounts the same way.
    Quote Originally Posted by Sherlock View Post
    You lost it at Paypal?
    Maybe they never told you what you did, but can you share what you did ? I am still being paid there by few small companies, but I guess it's Paypal, so it must be according to TOS.
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

  13. #12
    LegalBetAndy's Avatar
    LegalBetAndy is offline Private Member
    Join Date
    May 2017
    Location
    location, location
    Posts
    46
    Thanks
    20
    Thanked 22 Times in 14 Posts

    Default

    Quote Originally Posted by allfreechips View Post
    After I got that i researched a bit and see people lost 100K plus in paypal accounts the same way.
    Fortunately nothing close to 100k but once upon a time I lost a considerable amount at PayPal. This was despite doing no gambling with the account or accepting any gambling related payments to the acccount but my Email address registered was my work one which contained the word "gambling" (and the website I ran was a gambling affiliate). I only ever used the PayPal account for buying and selling stuff on Ebay, NOT gambling related at all.

    Regardless, account locked, going round in circles with their "support" (I use the phrase loosely). They would not budge. Absolute %$*&^Ģ"@'s

  14. #13
    mgaming is offline Public Member
    Join Date
    March 2017
    Posts
    227
    Thanks
    36
    Thanked 93 Times in 67 Posts

    Default

    Transferwise closed our bank account 2 months ago - as mentioned above - they don't like gambling. Nothing to do with it I am afraid, we didn't lost a single cent during that process. It's a pity, as they offer great and cheap services.

  15. #14
    Jambo is offline Private Member
    Join Date
    January 2013
    Posts
    657
    Thanks
    5
    Thanked 213 Times in 146 Posts

    Default

    Quote Originally Posted by mgaming View Post
    Transferwise closed our bank account 2 months ago - as mentioned above - they don't like gambling.
    Almost nobody like gambling ):
    https://www.yourpokerdream.com/

    - Contact us if you are looking for fantastic Sub-Affiliate Deals at GGPoker/Natural8/iPoker/Unibet(Chico/WPN.

  16. #15
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,213
    Thanks
    1,275
    Thanked 3,306 Times in 1,841 Posts

    Default

    Quote Originally Posted by allfreechips View Post
    I took a listing fee for $200 from Melbet, and i was being paid by 2 affiliates there. Nothing major cash wise but a good amount monthly. The melbet payment came in 15 small payments from ukraine, russia ext and it looked pretty shady. I had no idea what it was until I added up all the small transactions and saw it was 200. Paypal locked my account and wanted me to explain those and well as a payment from Buffalo partners, I did as affiliate payments and a web sale for promotion, they came back and said the account is perm locked and after 6 month they will let me know how to claim my money. At 5 months 20 days i got an email stating they will use my balance to pay legal issues, the decision is final. After I got that i researched a bit and see people lost 100K plus in paypal accounts the same way.
    oh ****
    i will change my payments there as well then
    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

  17. #16
    allfreechips's Avatar
    allfreechips is offline Private Member
    Join Date
    August 2010
    Location
    Ohio - The taxing state
    Posts
    1,081
    Thanks
    136
    Thanked 631 Times in 371 Posts

    Default

    I think main thing with all these is to keep the balance at a level you dont mind losing it, paypal I wont allow anything over $50 to stay
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

  18. The Following 2 Users Say Thank You to allfreechips For This Useful Post:

    drifter8 (5 November 2020), Sherlock (4 November 2020)

  19. #17
    Casinorep's Avatar
    Casinorep is offline Public Member
    Join Date
    November 2002
    Posts
    941
    Thanks
    147
    Thanked 268 Times in 202 Posts

    Default

    Ok so bottom line what is the best alternative to use for receiving incoming affiliate commission payments in fiat currencies for US residents?

  20. #18
    allfreechips's Avatar
    allfreechips is offline Private Member
    Join Date
    August 2010
    Location
    Ohio - The taxing state
    Posts
    1,081
    Thanks
    136
    Thanked 631 Times in 371 Posts

    Default

    no, coinbase closed my account as well. Best is to have multiple ways to be paid in the US
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

  21. #19
    Casinorep's Avatar
    Casinorep is offline Public Member
    Join Date
    November 2002
    Posts
    941
    Thanks
    147
    Thanked 268 Times in 202 Posts

    Default

    Quote Originally Posted by allfreechips View Post
    no, coinbase closed my account as well. Best is to have multiple ways to be paid in the US
    I know you're also based in the US, any suggestions?

  22. #20
    allfreechips's Avatar
    allfreechips is offline Private Member
    Join Date
    August 2010
    Location
    Ohio - The taxing state
    Posts
    1,081
    Thanks
    136
    Thanked 631 Times in 371 Posts

    Default

    Have as many banks as possible, crypto wallets and I still use transferwise
    Allfreechips online casino guide offers online casino reviews from our members. Also our exclusive No Deposit casino bonuses are always up to date. See the latest slot machine reviews at Hotslot and exclusive no deposit casino bonuses as well with a good dose of daily online gambling news to learn about pokies

  23. The Following User Says Thank You to allfreechips For This Useful Post:

    drifter8 (6 November 2020)

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •