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Betfair are going into liquidation
Betfair are going into liquidation
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Replies: 298
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Ok just back from holidays...whats the script here? People trying to withdraw then waiting ages to receive the cash in the bank or just not receiving it at all?
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If these withdrawal issues make the racing post Id like to bet that they will lose more than 12p
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steview84 • March 24, 2014 4:40 PM GMT
its nothing to do with banks. betfair accepted deposits over a period of time, credited peoples accounts, but got no authorisation codes from the intermediary bank. people noticing they were depositing and not having funds debited from their balance loaded up and withdrew. betfair noticed what happened and suspended all withdrawals until they knew which funds they had, and which would bounce. thus impacting a lot of decent customers. basically they ballsed up, and we all have to pay the price. more afraid of a few people owing them a few quid than upsetting 15000 of their "valued" customers. Report• Quote • Block User steview84 • March 24, 2014 4:40 PM GMT the guy i talked to said somebody who deposited £10 max, deposited £5k and withdrew it instantly. |
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worst share investment in living memory......how anybody buys shares in these tools I will never know......the games up and they know it......premium charges.....videos not working.....no withdrawls.....whats next.....
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The Collector????? March 18th???? back from holidays and 2 posts???
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This aint a technital problem / computer glicth .. ..its a big story
plenty of races tonight zero matched |
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Yeah swift holiday in UK mate - week off after Cheltenham - it is allowed isnt it?
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steview84 - Thank you for your posts on this and other threads. You're the only reason I have any idea what's going on. Of course Betfair Customer Services should be the reason I know what's going on but you have done a much better job.
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Confused here...simple question. If I withdraw today when will I receive my money?
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im pretty sure they're trying to keep it quiet. i had to kick up quite a fuss to get an answer. was told numerous time its a techincal problem. this is clouding the truth, as it was a techincal problem, they have now resolved it. i dont see why they cant check whether our deposits are authorised then process. i know mine were earmarked by my bank.
it stinks. |
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I didn't deposit Thursday or Friday and have had a pending withdrawal waiting since Saturday.
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my pending withdrawals just got reversed this afternoon, no idea why
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Ok thanks.
Bit worrying this... |
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Wouldn't worry. Amateur hour for sure, but will be rectified eventually.
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I think the 7p "theft" from my account was the thin end of the wedge
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I made a couple of withdrawals last week and they both went through by Friday, I hope I don't win anything in the next couple of days, looks like I will lose my bank on here like I did with Sporting Options. Ironically Betfair honoured their debt and paid e £350
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my withdrawals were removed from my statement, now no record of them. not back in my account either.
was told they're being held. i asked why i wasn't notified and why they've not merely added a reversal to the statement rather than removing something. was apologised to. this action is a little suspicious. |
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amateur hour, more like amateur 3 days
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im very very worried now......and I cant see why anybody who has money lying there isn't worried......
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Why no announcement on the forum?
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i can't think of many companies that would not issue a word about this on their forum
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and still purple cannot attract business
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the money i withdrew on Friday will probably turn up back in my betfair account tomorrow,becaue its not in my pending list and not in my bank yet as it should be...very worrying this,the money they put back into my account today they won't let me withdraw!!!
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just received...
Gentile Cliente, Ti ringraziamo per averci contattato. Siamo spiacenti ma il problema persiste. Contiamo di risolverlo al più' presto possibile. In english: there is still the problem. We hope to resolve it asap... |
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Best thing we can do is not deposit and not bet anymore with betfair until they hopefully sort out the mess they are in.
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Perhaps they bank with the Co Op
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Perhaps they're just a bunch of incompetent mofos.
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I would say it is highly unlikely that Betfair would go into liquidation. Share price would dive and this thread would be well removed long before now.
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Tried to withdraw last Thursday and it's still pending
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Surely some of the "Smart minds" can find a way out of this?
Perhaps a series of lays on hear and backs elsewhere for some short 'uns with similar prices might surfice. Or you could dig a bigger hole for yourself  |
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natwest fine.
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i urge everybody to tweet them, and retweet others complaints. see if we can get it noticed by the outer world.
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Deltâ
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Withdrew on the 19th & that went through to my account by 21st....3 withdrawals since are pending.
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yeah like delat sayed
won big poncey skeem  |
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Agree with that TheCollector. Clearly they've realised they've made a boo-boo by not bothering with authorisation codes, and they've effectively put a lock on any customers who might have been involved - which seems to be the ones who deposited last week.
I withdrew some money on Friday evening, and that was in my Neteller account by Saturday, so it's not affecting everybody. I have just withdrawn some of my money now, so it'll be interesting to see whether it makes it out. This isn't happening because BF are going bust, for the reasons that you state. Having said that, it's clearly a problem, and BF could end up massively out of pocket if they can't claim money that people were never technically able to deposit. From that point of view, it's a definite worry - not to mention the fact that there'll be a lot of angry customers as a result of this, some of whom may go permanently. |
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I have just seen one of Betfayre's senior managers at an airport with a very large suitcase. I asked him and he sayed he was going where Stoutey went.
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I haven't deposited for months but all my withdrawals have been pending since 20th - that's 11 withdrawals. This is disgusting and the lack of information more so.
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