You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Cris Is The #1 Book In The World
- Thread starter jjgold
- Start date
Sodium:
At the time of the Xfer, most big books knew there were problems with Aces.
A transfer request made by a customer is nothing more than a courtesy to the customer and should only be considered as "funds received" when received.
Of course a book will try to do everything to collect and keep a customer happy,at the same time.
But if a book can't collect at all the credit it extended to a customer ( solely based upon the book collecting from the xfering book) then the receiving book should cancel the credit extended to the customer, under these circumstances.
Lander, I think the customer in question also knew that Aces was shaky, and took a shot at trying to get his $$ out by making a xfer to CRIS.
At the time of the Xfer, most big books knew there were problems with Aces.
A transfer request made by a customer is nothing more than a courtesy to the customer and should only be considered as "funds received" when received.
Of course a book will try to do everything to collect and keep a customer happy,at the same time.
But if a book can't collect at all the credit it extended to a customer ( solely based upon the book collecting from the xfering book) then the receiving book should cancel the credit extended to the customer, under these circumstances.
Lander, I think the customer in question also knew that Aces was shaky, and took a shot at trying to get his $$ out by making a xfer to CRIS.
"A transfer request made by a customer is nothing more than a courtesy to the customer and should only be considered as "funds received" when received."
Joey,
Not that I disagree, but how do we know when this is? I've never been told such when I've done transfers.
Maybe it's best to avoid transfers for these reasons??
Joey,
Not that I disagree, but how do we know when this is? I've never been told such when I've done transfers.
Maybe it's best to avoid transfers for these reasons??
Lander:
It's just common sense. A book to book xfer is nothing more than a courtesy to a customer to give credit at shop A for money that Shop A will collect from Shop B.
If shop B doesn't pay shop A, then the xfer should be reversed.
The customer is no worse off if Shop B goes bad, because the customer woundn't have collected from Shop B anyways, and would not have had the use of those funds to post with Shop A in the first place.
If you paid somebody with a third party's bad check, YOU are responsible to make the payment good.
It's just common sense. A book to book xfer is nothing more than a courtesy to a customer to give credit at shop A for money that Shop A will collect from Shop B.
If shop B doesn't pay shop A, then the xfer should be reversed.
The customer is no worse off if Shop B goes bad, because the customer woundn't have collected from Shop B anyways, and would not have had the use of those funds to post with Shop A in the first place.
If you paid somebody with a third party's bad check, YOU are responsible to make the payment good.
"It's just common sense. A book to book xfer is nothing more than a courtesy to a customer to give credit at shop A for money that Shop A will collect from Shop B."
That's not true Joey. What if I transfer 2 dimes to book A & hit a parley that turns my 2K into 10K. What happens if shop B now goes under & the 2K transfer fell though. Do I lose only my 2K or also my 8K in winnings?
They need a clear policy for this. Hell, offer an insurance policy if need be, but let us know that our funds are safe.
If shop B doesn't pay shop A, then the xfer should be reversed.
Sure, but how long are we talking - day? week? month?
A simple policy would make this info trivial.
"The customer is no worse off if Shop B goes bad, because the customer woundn't have collected from Shop B anyways, and would not have had the use of those funds to post with Shop A in the first place."
Not necessarily true. What if I could have wired or WU'd those 2 dimes over instead of transfered? If the book won't pay those winning then you are fuked (even more than the 2K transfer).
That's not true Joey. What if I transfer 2 dimes to book A & hit a parley that turns my 2K into 10K. What happens if shop B now goes under & the 2K transfer fell though. Do I lose only my 2K or also my 8K in winnings?
They need a clear policy for this. Hell, offer an insurance policy if need be, but let us know that our funds are safe.
If shop B doesn't pay shop A, then the xfer should be reversed.
Sure, but how long are we talking - day? week? month?
A simple policy would make this info trivial.
"The customer is no worse off if Shop B goes bad, because the customer woundn't have collected from Shop B anyways, and would not have had the use of those funds to post with Shop A in the first place."
Not necessarily true. What if I could have wired or WU'd those 2 dimes over instead of transfered? If the book won't pay those winning then you are fuked (even more than the 2K transfer).
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> At the time of the Xfer, most big books knew there were problems with Aces <HR></BLOCKQUOTE>
Spokesman for most big books?
If that's the case that most knew, even though some were reversed from before Halloween, why did they take them in the first place?
Lander this is yet another case of the golden rule, they can do whatever it is they please.
Spokesman for most big books?
If that's the case that most knew, even though some were reversed from before Halloween, why did they take them in the first place?
Lander this is yet another case of the golden rule, they can do whatever it is they please.
