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Topic: Moved - page 6. (Read 4601 times)

full member
Activity: 136
Merit: 100
October 27, 2016, 12:37:45 PM
#3
Very interesting end of TOS

    On request, the customer shall undertake to provide a copy of an official photographic identification document (passport, driving license, personal ID card) before the withdrawal will be processed.

 

    If no transaction has been recorded on a customer's betting account for thirty months, the funds on the customer's account will be paid out. If the customer can't be located, the funds will be considered donation in favor of PowerBet.


Good luck.


Thank you for exposing your concerns!
On the first part, we do hope to never be forced to enforce the rule. However, it's a common safeguard to protect us against abusers such as persons that could potentially have a direct implication with certain sport events. It is extremely unlikely that we'll ever have to force a regular player to provide identification.
For the second part, a player joining us now would have to worry sometimes in 2019 provided he deposited but didn't use the funds to place any bets for 30 months. Really curious what bothered you with this rule?
legendary
Activity: 1162
Merit: 1002
October 27, 2016, 04:55:23 AM
#2
Edit for my experience with them:



I want to share my experience with PowerBet.IO and my opinion

My first impression was: Great, a Bitcoin bookie with good looking and intuitive site, good odds and good limits.

But then read about their TOS: One account per person and requiring documents for KYC (ID + Utility bill). Then they decided to remove the KYC procedure so they become one step closer to a real Bitcoin bookie.

And I moved a part of my bets there - I have a series of big losing bet and series of big winning bets in last 3-4 days.
Till today: when my account was limited to 50 mBTC in bets per event, including tonight's Championship League.

When I ask why? I got their response:

Hi,

I'm sorry, but your account activity exceeded the limits within which a player can be considered as recreational. We're a service dedicated to recreational players only. Your account has not been suspended, you can still enjoy our services within the current limits.

So till I was losing with big bets, I was recreational player. When I won 4-5 big bets, I become an problem.

My final conclusion: Don't bet there! Because at every point you could become "not-recreational" and get limited. There a lot of bookies like NitrogenSports and FairLay where you could have as many accounts as you want and never get limited!

In matter in fairness: I don't have any problems with deposit and withdraws. Withdraws are instant. The problem here is that PowerBet are bringing fiat practices into bitcoin world - like restricting players to one account, limiting anonymity and limiting accounts. Their odds and site are good, but more and more bookies like PowerBet.io and Coinbet24 are trying to screw the whole bitcoin principles. And I cannot support this.


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Old text:

Very interesting end of TOS

    On request, the customer shall undertake to provide a copy of an official photographic identification document (passport, driving license, personal ID card) before the withdrawal will be processed.

Edit: ^^^ Above is obsolete, they don't require KYC anymore.
 

   If no transaction has been recorded on a customer's betting account for thirty months, the funds on the customer's account will be paid out. If the customer can't be located, the funds will be considered donation in favor of PowerBet.

Good luck.
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