Things that still make feel awkward with some online casinos - page 5.

serjent05

legendary

Activity: 2884

Merit: 1258

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

That is cheating their players. I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee. They are still charging with less than $2 while the blockchain fee is more than $20.

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Casinos' other source of earnings is their withdrawal processing fees. So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee. It is their opportunity to earn from their service so they will take that opportunity.

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: Davidvictorson on May 18, 2023, 03:41:22 PM

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

I noticed on some casinos that they are trying to take advantage of the bitcoin situation but the I wouldn't blame them. I would blame the gambler who returns to them over and over again when they have other options. I also understand that casinos use this fees to offset some their their costs such as operational costs, and also for processing withdrawals. You may want to reach out to their customer care agents to get clarifications and inquire what your other options may be.

I don't think that they charge more fees so that they can use this money for their operational costs since they already earn enough revenue to cover that with the money they are getting as profit when gamblers lose. If they use this excuse in front of their players that they are using the extra money they charge as fees for operational costs of the platform then it is a very lame excuse, to be honest.

They should be transparent and straightforward with these things, if they are really running short on revenue and using this method to cover the costs then they need to let their players know about it so that they understand the situation and either decide to stay or leave for another casino with lower fees.

Lanatsa

hero member

Activity: 2884

Merit: 659

Quote from: Findingnemo on May 19, 2023, 11:40:19 AM

Quote from: TheGreatPython on May 19, 2023, 07:38:56 AM

Quote from: Findingnemo on May 17, 2023, 02:30:43 PM

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

From user POV its a robbery but from the business POV its their source of revenue generation, its same on the cryptocurrency exchanges too normally they seek about $25 dollar worth of Bitcoin as withdrawal fee not as transaction fee so they can make money in this way too and it's justifiable too because of the service they are providing and nature of cryptocurrency value.

It's actually more than earning revenue if they are charging insanely high fees even when the actual transaction fees have become normal and transaction fees were high only for the Bitcoin network and not for every other blockchain and if they are charging high fees for tokens that have very low transaction fees then they are obviously robbing their gamblers.

There are many more platforms as well that are providing the same services and they are charging relatively low transaction fees so we can't really say that it is justifiable if they are charging this much. We should either abandon such platforms or they should reduce the fees.

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

Always actually falls down into someones preference because there are ones who could really just withstand or accept even if that x5 more when it comes to fess as long they've been comfortable on the current platform that they are dealing with rather than on making use of a site which they arent comfortable with despite on having that cheap fees. Businesses could really be having that different way or source of
revenue but having that additional fees isnt really something that you could really put focus on because most of them does offer the minimal.

Dont know on why people are really bothering that much of the fees which most of the time its really that dirt cheap but i do understand on some people who are just small time gamblers
would really be seeing this thing as a huge issue on the time that they do facing up some huge additional which is something that would really vary into each platform
and this is where selection do really happens.

o48o

legendary

Activity: 2884

Merit: 1137

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

In short, they are charging you more because you are using them. But when mempool is full, it's just practical to put more money for fees so you'll get them faster. This used to be a problem mainly with exchange withdraw fees. And still is going to be depending on the mempool.

But there are casinos that charge basically nothing compared to your experience so feel free to shop around. Stake gets my vote with 7k sats btc fee.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Queentoshi on May 16, 2023, 09:29:46 AM

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Only casinos with bad management and practice will do this. Casino's with good management and practice will always want to make sure that they keep things normal for their customers and not extort them with any opportunity they have. Any casino that is identified as doing this cannot be trusted and I will advice anybody gambling on these casinos should immediately withdraw and seek a better and more customer considering casino.

Yes, those casinos are clearly taking advantage of us as much as they can. It only proves that they are not worth to play and cannot be trusted. That’s the reason why we need to be careful in choosing for an online casino, the one that is more secured and is proven to give customer support rather than luring its customers with high gas fees. Robbery is always bad, so we should learn to avoid online casinos that is clearly practicing this negative treatment towards its players or users.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

Quote from: Findingnemo on May 19, 2023, 11:40:19 AM

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

I think loyalty status is the only thing that makes user stick to the same casino regardless of the fees. Some casino offers much better bonus and benefits for VIP which players is benefiting with. It’s very hard to change a casino just because the fee increases while you have a high VIP level on a casino that gives you a good benefits. This is the reason why the user stay since withdrawal is not too frequent to be pay because we are only depositing minimal times.

Same as exchange, Some exchange sometimes offer a much better rate and giveaways that makes trader stick on it despite of high fee since they can get more rewards on it compared to the fee expenses.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: TheGreatPython on May 19, 2023, 07:38:56 AM

Quote from: Findingnemo on May 17, 2023, 02:30:43 PM

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

From user POV its a robbery but from the business POV its their source of revenue generation, its same on the cryptocurrency exchanges too normally they seek about $25 dollar worth of Bitcoin as withdrawal fee not as transaction fee so they can make money in this way too and it's justifiable too because of the service they are providing and nature of cryptocurrency value.

It's actually more than earning revenue if they are charging insanely high fees even when the actual transaction fees have become normal and transaction fees were high only for the Bitcoin network and not for every other blockchain and if they are charging high fees for tokens that have very low transaction fees then they are obviously robbing their gamblers.

There are many more platforms as well that are providing the same services and they are charging relatively low transaction fees so we can't really say that it is justifiable if they are charging this much. We should either abandon such platforms or they should reduce the fees.

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

Agbe

hero member

Activity: 854

Merit: 1246

Vave.com - Crypto Casino

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

If casinos are charging high fee for transaction then it is wrong. If any other platforms are doing that, Casinos should not do that because visiting is high and also they have different ways of making money from customers so they should charge less in transaction fees. Though Bitcoin fee transaction is still high as well but to some extent it has come down a little bit so they the casinos should also consider that with their customers. If a casino is charging high, indirectly they are pursuing their customers away from gambling.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

so far even though bitcoin transaction fees have gone up high but in other altcoins to withdraw funds I don't think I have ever experienced an increase in fees like that in altcoins. I use popular casino sites here and almost a few that I use never have high transaction fees on altcoins and usually I use Tron, USDT, Doge and LTC all of them have no increased fees.
I'm curious which casino do you mean?

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Dzwaafu11 on May 19, 2023, 06:00:39 AM

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Even though I didn't gamble much so I could understand how the gas fees worked in other site since the site I use the transaction fees is normal, I think these practices are wicked because they do not treat their customers well. Some customers may win a small amount of money, but if their transaction fees are too high, how did they expect their business to grow? I'm sure they may even lose customers instead of gaining more.
I will advise people using any gambling site to just pick their preferred one to gamble since there are many sites out there and if you don't have enough money to gamble in the site where the fees is too much I believe there are some that there fees is low. I know you must encounter the transaction fees before making the withdraw or deposit.

But we know we can't do anything about it and just follow the rules and actually, if the casino has other coin options, you can choose other coins that don't have too high transaction fees.
And this is also what gamblers think who manage to win some money.
But if casinos don't lower their transaction fees when things return to normal, it will make the members dislike them and they may move to another casino that doesn't have such high transaction fees.
And nowadays, transaction fees for bitcoins have decreased compared to a few days ago so casinos should also think about this and lower transaction fees in their casinos right away.

ryzaadit

legendary

Activity: 2450

Merit: 1225

There has 2 types to getting a profit.
- From the service.
- From the fee transaction.

It depends on them, however the decision is still in the user's side. If you think cannot pay fee for 1$+ then, you are feel free to choose the other casino. But that's how the business work searching a profit in these business.

It's also same happening in exchange.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

The casinos should know that our goal is to make a killing, not to subsidise their lighting costs. You can bet your bottom dollar that the fees to withdraw money feel like broad daylight robbery.

I am joking, of course, but how irritated are you? Completely comprehend it. Rather like being sent on a wild goose chase, wouldn't you say? These astronomical charges may be designed to discourage us from making frequent withdrawals. One possible explanation is that these gaming centres are trying to recoup their operating costs. Casino maintenance is no joke, what with all the money that must be spent on transaction fees, security updates, software revisions, and more.

However, we must not let them off the hook so easily. Time for doing something. Let's band together to reduce these prices and have our voices heard. We'll keep putting our money where our mouth is, on sites that respect our rights, until they give in.

TheGreatPython

sr. member

Activity: 2562

Merit: 329

Quote from: Findingnemo on May 17, 2023, 02:30:43 PM

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

From user POV its a robbery but from the business POV its their source of revenue generation, its same on the cryptocurrency exchanges too normally they seek about $25 dollar worth of Bitcoin as withdrawal fee not as transaction fee so they can make money in this way too and it's justifiable too because of the service they are providing and nature of cryptocurrency value.

It's actually more than earning revenue if they are charging insanely high fees even when the actual transaction fees have become normal and transaction fees were high only for the Bitcoin network and not for every other blockchain and if they are charging high fees for tokens that have very low transaction fees then they are obviously robbing their gamblers.

There are many more platforms as well that are providing the same services and they are charging relatively low transaction fees so we can't really say that it is justifiable if they are charging this much. We should either abandon such platforms or they should reduce the fees.

QueenVera

hero member

Activity: 1078

Merit: 570

Leading Crypto Sports Betting & Casino Platform.

Quote from: AmoreJaz on May 18, 2023, 05:58:25 PM

Quote from: QueenVera on May 18, 2023, 05:56:32 PM

This is a broad day robbery and u think the gambling regulatory body should look into this matter and bring an end to it before it finally gets out of hand.
There are several things that I find awkward on other casinos especially on the new ones and except for the high transaction fee which is a red light to me, the other is time or duration for payment processing and the moment a casino delays either deposit or withdrawal, then it's also a red light for me.
Transparency is one major factor that has been in my consideration list for a long period of time now and the moment a casino isn't transparent, then it's a no go area for me.

well, if you have seen that they are charging unreasonable fees, then, don't play on the site. just plain and simple. because they have their reasons why they are charging such fees. and if you think you can't change what they have set, then just look for another site which you think is much better when it comes to fees. but of course, fees is not the only reason why you should alter your casino. check if they have no complaints regarding withdrawal. because they may have lower fees, but it will take time before you can withdraw. so sometimes it is better to pay higher tx fees instead of low fees but there's no assurance when can you get your money.

Yeah you're right but except for this period that there is an attack on blockchain result to so much transaction fee, then I see no reason why my withdrawal ms from a bitcoin casino should take so much time because I personally check for complains and ratings as well as customer reviews on every site before proceeding to making any deposit on the site.
But whatever the case might be, I still believe that transaction fees should be considered when trying a new casino as personally I don't think it is right for me to charged abnormally when I can get same exact service if not more better on on a lesser fee.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee?

Not all of them does that, you can always check the coins they support and possibly convert to your choice if such feature is supported to the coin you can withdraw with a lower transaction fee, this also depends on the casino being used and the rate they charge per withdrawal made.

Quote from: Outhue on May 16, 2023, 05:13:15 AM

I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

If it were to be base on the past weeks experience with the introduction of ordinals then they are fare enough because a normal transaction fee cost about $20 or more before things goes down while if a casino charges only about $5 is not too much that time.

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery?

You can as well hodl your coin during those periods and make the transaction later, but that's not robbery or scam because everyone was affected in this except if you don't make a transaction.

TopTort777

legendary

Activity: 2324

Merit: 1448

I see nothing bad from casinos charging a lot for withdrawals in any cryptocurrency. The reason why they do that is convenience for their customers. Gamblers get their money as quick as possible. If casinos dont use ultra-mega-fast withdrawal, gamblers immediately come to support and forums to cry that they are scammed, because casinos froze their funds for X hours/days. How do long you think it will be reasonable to pay for BTC withdrawal? 1 sat and wait for months, huh ?

Dzwaafu11

sr. member

Activity: 574

Merit: 340

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Even though I didn't gamble much so I could not be able to understand how the gas fees worked in other sites since the site I use the transaction fees is normal, I think these practices are wicked because they do not treat their customers well. Some customers may win a small amount of money, but if their transaction fees are too high, how did they expect their business to grow? I'm sure they may even lose customers instead of gaining more.
I will advise people using any gambling site to just pick their preferred one to gamble since there are many sites out there and if you don't have enough money to gamble in the site where the fees is too much I believe there are some that there fees is low. I know you must encounter the transaction fees before making the withdraw or deposit.

darewaller

hero member

Activity: 2772

Merit: 634

"CoinPoker.com"

Quote from: Darker45 on May 17, 2023, 12:26:57 AM

If the network is clogged and the transaction fee is rising, what choice do the casinos have? They will also increase the fees. First, to make sure the transactions won't be stuck forever. Second, the casinos don't like to be pestered with complaints of very slow withdrawals. They could lose users because of it. And since they can't subsidize or pay for all of their users' fees, they have no choice but to also increase their withdrawal fees. Third, they're doing business. If the centralized exchanges earn from transaction fees, why can't they?

But these are not Bitcoin-only casinos. They offer various crypto options. Choose the cheapest.

There is no problem with that but the problem like the OP said is that the transaction fees remains to be the same even though everything is now back to normal. I am thinking that the casino is delayed to update their fee because maybe they are only doing an automation and admins are not around yet but as long as someone informed them about the issue, I am sure they will do their best to revert it.

For now, they can follow your advice which is to switch on other cryptos except only ETH because I think ETH fees are still the same. I don't know if there is still a hope for this coin to be fixed but that is not my concern anymore as I am not a fan of it.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

$5 for withdrawal fees at the casino is quite expensive, if small players make withdrawals, the profits will be reduced quite large, for example, profits of only $25 are reduced to only $20. I know a lot of casinos use payment processor services, so maybe the fee is set by the service, but if there are things that are unpleasant for the players, the casino should be able to consider using other services that can make players get cheaper withdrawal fees.

If there is a casino that also takes advantage by applying high enough withdrawal fees, it shouldn't be done because the profits from the gaming activities of its users should be enough, especially with the intense competition in the world of casinos, so it's very likely that users will look for other casinos that can provide more benefits to them instead of staying at the casino, but I have never found a casino that applies such a large withdrawal fee and even many casinos lower it as what Roobet casino did some time ago so now the withdrawal fees there are quite cheap, even when the Bitcoin network is unstable like now I can't find a casino that raises withdrawal fees because usually, the casino will process a lot of withdrawal in one transaction not one by one.

retreat

sr. member

Activity: 1050

Merit: 383

Quote from: Outhue on May 16, 2023, 05:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

That's business, maybe they cut fees on games and increase them on withdrawal fees, or there are good services offered by them or various other reasons, of course gambling platforms charge high fees for a reason. It doesn't make sense if they charge high fees but the services they offer seem mediocre, if so, you as a user can choose to use another gambling platform, because out there there are still several online gambling platforms with the best service but with more reasonable fees.

Topic: Things that still make feel awkward with some online casinos - page 5. (Read 949 times)