Latest on Affordability Checks
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Brian 18 Jul 22 16:22
Crazy. Anyone with common sense, punting knowledge and customer history over a few years (sometimes less) can spot a problem gambler. Agreed...I'd be fascinated to see a break down of the betting habits of the people who've got the call to see just how many slot players are included...or not as the case may be. |
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No swaddddddddd
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madness same for me last year after a couple months losing after being well up. we need a saudi type mass exodus get together and bet amongst ourselves lads1
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Bloody hell Swaddle, that is shocking to read.
If it happens to me like that I'll be adios as well as I'm never going to give anyone bank statements etc. Sod that carry on. |
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but what will you do instead? for some its a fait accompli to hand over as its their only source of income. and what of those who use other peoples accounts? theyve had it as a 3rd party is never going to hand them over.
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I presume you took most of the winnings out and made hefty deposits recently, rather then letting it build up with no withdrawals? If the latter, we're all screwed.
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Not necessarily, Andriy.
I had to make a deposit last Wednesday for technical reasons (been doing my b0ll0cks), and I thought I might as well make it a decent one, in case I get restricted. So I deposited £4,000, and haven't heard a dickie bird since. I'd made quite a few withdrawals to that card previously, so maybe they do take that into account. TYPE DETAILS TOTAL DEPOSITS (£) TOTAL WITHDRAWALS (£) NET DEPOSITS (£) FEE AMOUNT (£) 47** **** **** 4,005.00 13,165.00 -9,160.00 0 mitolo: This is my only source of income, but there's no way I'd ever hand over documents in the hope of persuading Betfair or the authorities that I had an income sufficient to sustain above-average levels of gambling. It would open up a right can of worms with the Revenue. (Yes, yes, I know a decent firm of accountants or lawyers should be able to prove that I'm not liable for income tax; but who needs that aggravation? Arguing with the Revenue about what I'd been doing for the last 31 years ... no thanks; I'd rather lie low and just live off my savings.) |
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Swad..so it's a 100.loss limit
Not 100 deposit limit |
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Depositing 4k.
Is it better large deposit than smaller ones regularly |
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My grannie got 5K deposit limit but not used it yet!
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How do you get a credit rating? I always pay off my credit card by direct debit every month. I don't know whether that qualifies me for a rating. (If i've got one it should be a good one, in my opinion)
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No surprise swad. Like I mentioned earlier in the thread, my brother had the same. Went through the same bulllsh1t live chat conversation. He now has the same 100 limit BUT his account will be paused if he doesn't send in docs etc. He won't and I don't blame him. Farcical scenes at the mo.
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go to the tax man and tell him you are a self employed gambler.Tell him you are a professional punter.
thats all you have to do.and if anyone asks why you gamble tell them that it is your job. it sounds crazy but all you are doing is registering with the tax man.Everyone has to pay tax when they WORK. |
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This has been happening since last year.
Virtually everyone will soon be restricted to £100/mth unless can provide wage slips, P60, 3 mths bank statements etc. |
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*£100/mth deposit
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Deposit limit is semi-workable as you can build funds. But loss limit/exposure limit would be much harder, it wouldn't matter if you had built up funds as you wouldn't be allowed to stake it.
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Wes
They are prodding thats all “One man will end it all” |
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I’ve made my views on all this pretty clear…but a couple of questions;
I have asked this in the past, but how many have had these restrictions after recently paying PC? I can’t see how they could? Also, if capital alone is sufficient to satisfy their request for proof of funds….then what exactly is the problem with showing them, say, a funded bond (put money into a fixed bond and send a copy of the letter with perhaps some security awareness) There’s no obligation to inform the InRev that’s wrong. The InRev only need telling where tax is due, not on what you own. I’ve also said this before, but bf need to be more pro-active here, it’s as though they are sitting around watching the demise of the exchange. They could do with recreating the additional wallet, like when they had the Aus wallet, where funds are in an intermediate state that arn’t gambled, and encourage a drip feeding process, akin to a bank standing order than deposits every month. The whole thing has seemed shambolic and piecemeal, it’s destroying confidence in the whole thing at best, at worst it’s dismantling the very ability to gamble, and for what? Because some hand wringing lefties couldn’t keep up and wants everyone else blamed for their own failings, as per usual. |
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We need to complete verification checks before you can do certain things in connection with your Account, including withdrawing winnings from your Account. If we're unable to complete our checks to our reasonable satisfaction we will suspend or ultimately close your Account and pass on any necessary information to the relevant authorities (See clause 5).
Just received this. Change of conditions. Rate reply: I posted this the other day. It is clear that others were not sent this email. Im guessing this means Im on their gambling aware team radar. I therefore have reservations about withdrawing winnings as thats the time they will require the AFCs. I have not had a bet for weeks now and have decided to not use the site again however I will not cancel and use it for info only. back to the old days Im afraid using my 2 local betting shops. Do they still offer cups of tea/coffee and treats on Sats. Freds Pushes??? Coral connect??? Im signing up!!!! |
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I've had the email now about new terms & conditions. So it is true that if you do not provide the documentation they require, they can refuse to refund deposited funds.
On balance, after careful consideration, I believe this to be unfair. And if they ask why I am spending so much time and money not making any significant profit. If they ask me is this to do with Covid or addiction problems. I will tell them that I am churning away to avoid paying Premium Charge, which they themselves have imposed. Stolen more like it. If they cared about gambler's problems, they should start by reimbursing me over £1000 in PC that I paid in one year a long time ago. |
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At the base of all this has to be a formula, that must be available on request, how could it not be while providing a service?
I believe there’s some law applicable when you set up a service/ offer goods for sale etc, that states there can’t be prejudice. For affordability to pass human rights there has to be an underlying argument that ‘x’ amount of disposable income is required. I’m guessing this must be the pivot at the centre of the White Paper argument, they can’t be non specific, there has to be a formula in it. It’s bound to get tested IMO, the very premise that in gambling alone a decision has been made that dictates how much you are allowed to spend on it. It’s utterly absurd. |
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dusty: Also, if capital alone is sufficient to satisfy their request for proof of funds
It's been made clear right from the start that capital alone is irrelevant. One of the stated points of all this is to stop people losing their savings. It's about income. |
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^thats a different argument and not one you can win.
Money laundering laws pressure account providers to seek that sort of information and get sanctioned for failing It’s KYC rules that state it is your money etc |
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That was to the third party
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Screaming
That won’t hold water, all institutions recognise capital as income. Go and sign on for eg and they will create a virtual income based on the return of interest. They all do, many here will get ‘paid’ that way, similar to a pension. |
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The email for anyone interested in what you must provide:
Hi I hope my email finds you well. Thank you for taking the time to speak with me over the phone a moment ago. As discussed, to support our review for a Budget increase we will require documentation to support the funding and affordability of an increase for the account, please supply the below documentation in support 12 months PDF bank statements for the bank accounts that retain funds available for Betfair activity and the account used to fund Betfair and PayPal prior to Betfair PayPal customer information page and transactional statements to support the flow of funding from your Bank accounts via PayPal to Betfair Your latest Tax return to demonstrate your income from your self employment We’re sorry for the inconvenience and we’ll try our best to complete this review as quickly as possible. To submit your documents please reply to this email or send these to CDD_BF@betfair.com. If you’d like to find out more – please click here Thanks for your help with this. We appreciate it. Kind Regards, |
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For once, the guy from customer services was very helpful and knowledgable.
Its just hard and mega intrusive what is being asked for. |
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Hi all again.Not post for ages but this is important.I also received the dreaded communication fairly recently (ridiculous btw).The outcome for me without having to send or supply bank statement was a pleasant honest conversation with a pleasant slightly chap,who imposed a 5000 monthly deposit limit but I asked for double that refused for now.Interesting my near dormant PP account at the very same time was suspended and once cleared by Betfair no conversation need lifted with exact same rest.Hope this helps a few who post on here.
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Would be interesting to hear what the GC make of the requests and to ask for the justification.
The White Paper hasn’t been released so it’s not law, so who is making the decisions? |
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Might want to ask your MP too, especially if they are one of the anti gambling ones.
They made out this wasn’t an attack on the activity and that it would only effect those with problems. Ask them for an appraisal of whether they think that’s happening. |
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Has anyone been required to provide AFCs documentation when they have tried to withdraw winnings as in my case?
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What about the written contracts we got 20 years ago from betfair that had to be signed and faxed to betfair before you could start betting.
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At the time of the written contracts i had to prove i had a gambling licence and a certificate of personnel fitness to prove i was a fit and able person to back or lay bets.
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Requirements to remove the £100/mth deposit limit:
Thank you for waiting, so in order for you to dispute your current Net deposit limit simply follow the below instructions Wxxxxx: Raising NDL – CDD Process Should you wish to increase the deposit limit value or remove this restriction, the following documentation is required: 1. A full explanation as to how you are funding your account (e.g. Salary or other income) along with documentation that illustrates this. Examples of documentation may include: a. Payslips or a copy of a PAYE P60 Annual form b. Directorship or company shareholdings, if applicable c. Official HM Land Registry Property ownership documentation d. Evidence of saving or inheritance via bank statements 2. A copy of a Bank Statement dated within the last 3 months (name and address must also be clearly visible) Please send the documents over to CDD_PP@paddypower.com or CDD_BF@betfair.com depending on the brand of your account |