New Posts For Thread: Affordability checks.https://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checksGood news, for a change. £25000 upper limit per year.(Of course actual money launderers are rarely inconvenienced by these procedures)https://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563987059#563987059(Of course actual money launderers are rarely inconvenienced by these procedures)Sat, 04 May 2024 06:58:18 -0500I think the "anecdotes" are almost all related to anti-money laundering procedures rather than anti-gambling.https://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563987049#563987049I think the "anecdotes" are almost all related to anti-money laundering procedures rather than anti-gambling.Sat, 04 May 2024 06:56:52 -0500The credit card payments were tightened years ago and banks still processed debit payments without hassle.That seems to have changed recently going by anecdotal evidence provided on this forum where banks take exception with the latter, perhaps parthttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563986911#563986911The credit card payments were tightened years ago and banks still processed debit payments without hassle.That seems to have changed recently going by anecdotal evidence provided on this forum where banks take exception with the latter, perhaps partSat, 04 May 2024 06:28:22 -0500but it wouldn’t surprise me to find gambling transactions to be classed as cash advances by the very same people, and therefore not free. Not sure what point you are making. Internet gambling purchases were classed as cash advances on credit cardshttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563986773#563986773but it wouldn’t surprise me to find gambling transactions to be classed as cash advances by the very same people, and therefore not free. Not sure what point you are making. Internet gambling purchases were classed as cash advances on credit cardsSat, 04 May 2024 05:59:47 -0500Dave might find this too conspiratorial, but you current accounts used to give a return on deposits….now they not only don’t give one even in high interest environments, they actually charge a fee for owning an account used to pay bills.The interhttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985983#563985983Dave might find this too conspiratorial, but you current accounts used to give a return on deposits….now they not only don’t give one even in high interest environments, they actually charge a fee for owning an account used to pay bills.The interSat, 04 May 2024 02:02:29 -0500Even if you are manipulated into holding larger balances, is that guaranteed to keep the account free from further intervention? That's rhetorical obviously, nobody knows. Just another variable in this sh1tshow.https://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985939#563985939Even if you are manipulated into holding larger balances, is that guaranteed to keep the account free from further intervention? That's rhetorical obviously, nobody knows. Just another variable in this sh1tshow.Sat, 04 May 2024 01:31:51 -0500All of that maybe true, and the criticism of bookies legitimate but it comes down to the question of whether £200 interest is worth no longer using your account which is the outcome above.It’s also known as cutting your nose off to spite your facehttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985933#563985933All of that maybe true, and the criticism of bookies legitimate but it comes down to the question of whether £200 interest is worth no longer using your account which is the outcome above.It’s also known as cutting your nose off to spite your faceSat, 04 May 2024 01:23:58 -0500I was using a general figure, not pertaining to lc specifically. I suppose most people have a float they consistently draw down to (or deposit up to!), but depends on their MO, backers/layers etc, layers may need a bigger float. I feel like this is mhttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985927#563985927I was using a general figure, not pertaining to lc specifically. I suppose most people have a float they consistently draw down to (or deposit up to!), but depends on their MO, backers/layers etc, layers may need a bigger float. I feel like this is mSat, 04 May 2024 01:11:58 -0500Cider - he didn't say 4k balance, he said 4k winnings per year - so average balance 2k.ISA a good shout if you haven't already maxed it out.https://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985825#563985825Cider - he didn't say 4k balance, he said 4k winnings per year - so average balance 2k.ISA a good shout if you haven't already maxed it out.Fri, 03 May 2024 17:28:12 -0500i agree with cider, it didn't matter a couple of years ago, but it is clearly in gambling companies interest now to encourage people to leave large balances and by selecting people for checks on a crude measure of deposits, ignoring anything other thhttps://community.betfair.com/horse_racing/go/thread/view/94102/31840453/affordability-checks?post_id=563985455#563985455i agree with cider, it didn't matter a couple of years ago, but it is clearly in gambling companies interest now to encourage people to leave large balances and by selecting people for checks on a crude measure of deposits, ignoring anything other thFri, 03 May 2024 14:23:27 -0500