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Question on fund transfer limit

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Question on fund transfer limit - Sun Jan 08, 2012, 04:44 AM
(#1)
Keldraco's Avatar
Since: Jul 2011
Posts: 102
i don't understand what does the transfer sending limits:$215/24hrs; $300/7 days; $500/30 days mean. i can transfer $215 every 24hrs or i can only transfer a max of $500 in 30 days? How can i increase the transfer limit? Thanks.
 
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Sun Jan 08, 2012, 05:07 AM
(#2)
akisno's Avatar
Since: Oct 2010
Posts: 41
Quote:
a max of $500 in 30 days
this
Quote:
How can i increase the transfer limit?
Send a request from Help-Contact support and select cashier
 
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Sun Jan 08, 2012, 05:09 AM
(#3)
topthecat's Avatar
Since: Nov 2007
Posts: 1,962
Hey Keldraco,

Where did you find these limits? Can you send me a link to them on the Pokerstars website?

Edit: OK I see that they provide the figures when you decide to transfer funds. I have to go out for a while but I will post some further information when I return.

Cheers,

TC

Last edited by topthecat; Sun Jan 08, 2012 at 05:16 AM..
 
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Sun Jan 08, 2012, 06:05 AM
(#4)
topthecat's Avatar
Since: Nov 2007
Posts: 1,962
Hey Keldraco,

First of all I would point you to the PokerStars Terms Of Service:

http://www.pokerstars.com/poker/room/tos/

Section 5.3 refers to real money transfers:

Quote:
5.3 REAL MONEY TRANSFERS. The PokerStars real money transfer facility is accessed via the "PokerStars Lobby" (under the heading "requests" and then "transfer funds"). Users must enter the amount to transfer and the player ID of the intended recipient. Users are reminded that it is their responsibility to ensure they know who the other Users are before entering into these arrangements. Limits on transfers will be set by PokerStars per User.

As part of PokerStars' licensing agreement and in compliance with anti money laundering legislation, Users need to be aware they may be required to produce personal documentation (such as Government issued ID, bank statements and utility bills) upon request in order for their transfer to be processed. This allows PokerStars to help protect the Users and prevent PokerStars being used as a vehicle for money laundering or fraud.

The following terms and conditions also apply to the real money transfer facility:

a) PokerStars reserves the right to decline any account transfer requests or to overturn any account transfer upon suspicion of breach of any of the terms of this Agreement by the sender or receiver.
b) A sending User agrees that they may only make an account transfer to enable a receiving User to play the Games and not for any other purpose.
c) A receiving User agrees that they may only use the funds from an account transfer to play the Games and not for any other purpose.
d) Users cannot cash out funds directly received from a transfer, (refer to sub-paragraph (c) above); winnings arising from playing the Games using the transferred funds that subsequently contribute to a cash out request will be reviewed in accordance with PokerStars' internal controls, policies and procedures.
I would specially point that out that transfers are only for playing the game and not for any other purpose in order that PokerStars comply with anti money laundering legislation. As staking has been recently allowed here I believe it would be good to have clarification on this point.

I think but I am not certain that you can increase transfer limits by verifying your identity.

Therefore I am going to pm HostMichaeJO who is part of the security team at PokerStars and ask him to respond to this thread so that he can provide a clear description and interpretation of the rules.

Cheers,

TC

Last edited by topthecat; Sun Jan 08, 2012 at 03:10 PM..
 
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Sun Jan 08, 2012, 03:08 PM
(#5)
TOO2COO's Avatar
Since: Jun 2010
Posts: 3,882
(Super-Moderator)
Quote:
Originally Posted by Keldraco View Post
i don't understand what does the transfer sending limits:$215/24hrs; $300/7 days; $500/30 days mean. i can transfer $215 every 24hrs or i can only transfer a max of $500 in 30 days? How can i increase the transfer limit? Thanks.

Hello

From my Experience if you send a Email to support@pokerstars.com and ask to have your Limits raised they will get them raised for you.

Thanks for being part of PSO, and Best of Luck at the Tables

T2C


Super-Moderator

7 Time Bracelet Winner



 
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Sun Jan 08, 2012, 07:39 PM
(#6)
Keldraco's Avatar
Since: Jul 2011
Posts: 102
ok thank you for the reply
 
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Sun Jan 08, 2012, 10:33 PM
(#7)
Stakehorse75's Avatar
Since: Sep 2010
Posts: 865
BronzeStar
Have to pay off a few colluders??

.....come on, this thread screams for this Question to be asked.

Last edited by Stakehorse75; Sun Jan 08, 2012 at 10:37 PM..
 
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Tue Jan 10, 2012, 05:13 AM
(#8)
HostMichaeJO's Avatar
Since: Sep 2011
Posts: 33
Hi,

If you wish to have your real money transfer limits adjusted, please email security@pokerstars.com anytime. There are a variety of unique factors that are taken into account, depending on each individual player.

Sincerely,

Michael J
PokerStars Game Security Team
 
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Tue Jan 10, 2012, 05:55 AM
(#9)
Keldraco's Avatar
Since: Jul 2011
Posts: 102
yes thank you everyone. but since i don't really have much in my account i am cool with the current limit
 
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Tue Jan 10, 2012, 07:05 AM
(#10)
Stakehorse75's Avatar
Since: Sep 2010
Posts: 865
BronzeStar
Quote:
Originally Posted by Keldraco View Post
yes thank you everyone. but since i don't really have much in my account i am cool with the current limit

wow, already burnt through $1500 playing $.25 S&Gs ??

Last edited by Stakehorse75; Tue Jan 10, 2012 at 07:09 AM..
 

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