Depositing using ACH

[Zaniiaim]

I deposited money at an online casino using ACH. The casino funded my account and then a few days later withdrew it from my bank. Everything was fine. I did some

More transactions and now my bank won't process anymore transfers from the casino. I'm not sure how to pay them? Has anyone else run into this? What happens if the casino can't withdraw its money?

[cocopop3011]

I deposited money at an online casino using ACH. The casino funded my account and then a few days later withdrew it from my bank. Everything was fine. I did some

More transactions and now my bank won't process anymore transfers from the casino. I'm not sure how to pay them? Has anyone else run into this? What happens if the casino can't withdraw its money?

 

I'm having a bad day and just cannot think what ACH stands for? 

[Afi4wins]

I'm having a bad day and just cannot think what ACH stands for? 

 

At first, I thought the poster Zaniiaim was saying "ARGH"...ACH in German...or something...but it wasn't/isn't. 

I'm not familiar with that term too... 

[pinnit2015]

I'm having a bad day and just cannot think what ACH stands for? 

I think it's a bank transfer

[cocopop3011]

I think it's a bank transfer

 

Ahhh okay....

 

Zaniiaim - Are there no other payment methods available for you? Why can't your bank process them anymore?

[Zaniiaim]

Somewhat long story. ACH is where a casino puts money in your casino account. If you win they move it to your bank account. If you lose they withdraw from your bank accoubt. It's a high level VIP thing I think. At a specific casino I won some and lost probably 20k over time. Did a few ACH deposits I could afford and the casino was happily withdrawing my funds. Aside- I have a great relationship with them and their VIP team especially. I'm sure it's mostly put on but we discuss life not just gaming. Anyway, I am bipolar with sever mania. I've just started ECT Therapy Friday. Prior to this I owed casino 7k and it was in my bank to withdraw. (Issue -later on Bank doesn't want to allow withdrawal, believes it's a casino etc) So I receive treatment and ask to have my account locked as it could induce memory loss and some mania. Well I guess the next day, and I say guess cause I don't recall. I asked to open my account and they let me, asked for numerous 2k deposits in a couple hour span, highly irregular, lost about 10k. So now I owe 17k. Well guess who doesn't have the 10? I don't know how to approach this. I'm headed into in treatment soon and do t want to ***** the casino over as they have been good to me. But I don't have the funds! I feel my accoubt should never have been reopened after my explanation of closing it. At one point I won 10k and it dropped to 7. So if they keep that it's 10 I owe. I asked again to have my account locked but I'm also stable at this moment. I'm asking them to not let me reopen. So this is all kind of jumbled but basically I feel terrible but I also feel this erratic betting on Saturday and allowing me to reopen my account is their blame as well. The bank won't process any withdrawal attempt by them, plus I do t even have the funds. I do t know how to move forward with this. Believe me I'm done gambling. It never became an issue til I began treatment. Sigh. Help

Please.

[cocopop3011]

Somewhat long story. ACH is where a casino puts money in your casino account. If you win they move it to your bank account. If you lose they withdraw from your bank accoubt. It's a high level VIP thing I think. At a specific casino I won some and lost probably 20k over time. Did a few ACH deposits I could afford and the casino was happily withdrawing my funds. Aside- I have a great relationship with them and their VIP team especially. I'm sure it's mostly put on but we discuss life not just gaming. Anyway, I am bipolar with sever mania. I've just started ECT Therapy Friday. Prior to this I owed casino 7k and it was in my bank to withdraw. (Issue -later on Bank doesn't want to allow withdrawal, believes it's a casino etc) So I receive treatment and ask to have my account locked as it could induce memory loss and some mania. Well I guess the next day, and I say guess cause I don't recall. I asked to open my account and they let me, asked for numerous 2k deposits in a couple hour span, highly irregular, lost about 10k. So now I owe 17k. Well guess who doesn't have the 10? I don't know how to approach this. I'm headed into in treatment soon and do t want to ***** the casino over as they have been good to me. But I don't have the funds! I feel my accoubt should never have been reopened after my explanation of closing it. At one point I won 10k and it dropped to 7. So if they keep that it's 10 I owe. I asked again to have my account locked but I'm also stable at this moment. I'm asking them to not let me reopen. So this is all kind of jumbled but basically I feel terrible but I also feel this erratic betting on Saturday and allowing me to reopen my account is their blame as well. The bank won't process any withdrawal attempt by them, plus I do t even have the funds. I do t know how to move forward with this. Believe me I'm done gambling. It never became an issue til I began treatment. Sigh. Help

Please.

 

I really think you should just explain to the casino your situation, if you are a high level VIP then I am sure between you, you can come to some understanding into how this money can be re-paid. 

 

I've actually never heard of this method of depositing before may I add, and I think it's terrible that a casino would even offer it knowing that players can easily fall into debt.

 

Have you considered just being honest with the casino dear and seeing if they can help you?

[Zaniiaim]

Yes but I'm scared shitless of the outcome. It is a terrible way to deposit I agree. Considering all I've lost over time with them maybe they will be lenient? And if not will they come after me? I'm so scared

[volendam101]

My suggestion is to stop the ECT, also the ACH  and start immediately with the HAS.

Hide And Seek  game .. or the CHFYR (call Harry for your removals)

 

But more serious, I feel sorry for you , never lend money for gambling.

Its a bloody shame casinos lend you money but I know its happening. (at least landbased ones like in Las Vegas etc)

I would explain the casino your situation, pay them the 7K you can pay , buy a check with cashmoney and send this check to them for example.

Show them your intention to pay.

And try to make a settlement to pay the balance asap, on a monthly base.

You are a vip player at this casino , as you mentioned, so I assume you have the poss to pay them back the remaining 10K in a couple of months. half a year.

I hope you can solve this problem this way and never ever again lend money for gambling. Its not worth the headache and sorrows if you lose.

[cocopop3011]

Yes but I'm scared shitless of the outcome. It is a terrible way to deposit I agree. Considering all I've lost over time with them maybe they will be lenient? And if not will they come after me? I'm so scared

 

If you hide from it, it won't get any better dear, deal with it head on and don't be scared. Just chat to them and explain your situation but it's vitally important that you STOP playing anywhere else.

[Fiekie247]

ACH sounds like a credit advance.

 

Would not mind if a casino would give me that option, just like $50 in advance, I am sure ill win the $50 back including a nice little profit to try and make some more extra money

 

Maybe whenever we see casino reps in this forum asking for "what would you like to see/change in the future" - We can then propose the ACH solution to them :D

[Afi4wins]

ACH sounds like a credit advance.

 

Would not mind if a casino would give me that option, just like $50 in advance, I am sure ill win the $50 back including a nice little profit to try and make some more extra money

 

Maybe whenever we see casino reps in this forum asking for "what would you like to see/change in the future" - We can then propose the ACH solution to them :D

 

Well mate, I don't think that's a good idea at all. 

 

First Rule to gambling...play only with money that you can afford to lose.

 

Playing with borrowed money, or advanced credit money, as in this ACH instance, is never a good idea, although it is very tempting. It is exactly as using Credit Cards...and I've abused them so many times before in my earlier years that I no longer use them at all now, and it's been well over 15 years since then!

 

Using advanced or credit money is very convenient, no doubt about that, but things can easily go out of control. The credit cards would be maxed out in no time at all...and then the real headaches would begin...trying to pay back all the advanced money that you have used. It got me into huge problems before, but I struggled like hhell out of it, for so many donkey years, so no more going back to it...ever! Hehehe. 

[Fiekie247]

Well mate, I don't think that's a good idea at all. 

 

First Rule to gambling...play only with money that you can afford to lose.

 

Playing with borrowed money, or advanced credit money, as in this ACH instance, is never a good idea, although it is very tempting. It is exactly as using Credit Cards...and I've abused them so many times before in my earlier years that I no longer use them at all now, and it's been well over 15 years since then!

 

Using advanced or credit money is very convenient, no doubt about that, but things can easily go out of control. The credit cards would be maxed out in no time at all...and then the real headaches would begin...trying to pay back all the advanced money that you have used. It got me into huge problems before, but I struggled like hhell out of it, for so many donkey years, so no more going back to it...ever! Hehehe. 

Afi

 

I understand completely where you are coming from. It can be very risky and get out of control. I most probably would not use this system at all, but there are 1 or 2 instances where promotions are running etc, where you would like to take a chance and know you will sometimes win guaranteed but do not have the required funds.

[Afi4wins]

Afi

 

I understand completely where you are coming from. It can be very risky and get out of control. I most probably would not use this system at all, but there are 1 or 2 instances where promotions are running etc, where you would like to take a chance and know you will sometimes win guaranteed but do not have the required funds.

 

Yes, I do agree mate...and there are always exceptions to any rule...as in this case too. 

 

However, for players who tend to easily lose control over their gambling tendencies, then this method is not advisable at all. 

[volendam101]

There is no promo or casino where you will have a guaranteed win.

[Fiekie247]

There is no promo or casino where you will have a guaranteed win.

You are right.

 

However I was talking about offers I received. Like lets say for an example and had many of these with thrills casino. Also has some great offers with Double Star.

 

Thrill would offer me to deposit $100 and i would get 20 free spins on Wizard of Gems with a value of $10 each spin. Free spins were wager free. Also Deposit $50 get 150 spins on big bad wolf or the wild chase - Spins value $0.50 each. - All deposits had to be wagered once to get your wager free spins

 

Doublestar, deposit minimum 10 euro everyday monday to friday, wager deposit x1 and receive 300 free spins on Gonzo Quest saturday.

 

Free spins winnings at Doublestar is x1.

 

Most of the time you make a decent profit out of these, which leads to a Guaranteed win for me at least.

[cocopop3011]

I'm the complete opposite on this one I don't think it's ever okay for a casino to offer this 'advance credit'. Its so dangerous definitely for vulnerable players. Just my opinion of course 

[volendam101]

Fiekie, these are really good promos you mention there . Agreed.

However, to lend money for it does not seem wise to me and this ACH is lending money if you ask me.

By th way, good to see you back and posting.

[pinnit2015]

Never heard of that method - sounds nuts; gamblers are not people you want to be lending cash to  - particularly if they like playing BTG's Bonanza 

[pinnit2015]

There is no promo or casino where you will have a guaranteed win.

Vera John offer guaranteed minimum wins (say 10 quid) in their shop if you buy spin credits

 

You normally get 10.50.

[ValDes]

As usual, the main topic subject has been driven far far away from the point...

 

Actually, ACH has little to do with 'credits' or 'loans'. Detailed explanation of how it works below:

 

https://en.wikipedia.org/wiki/Automated_Clearing_House

[Zaniiaim]

I was told "it's simple, let's start you with $1400 to get you playing. When you win we withdraw the 1400 from your bank when you're ready". Simple eh? Worked fine when I could cover my debts, became devastating when my brain stopped functioning and I did 10k in about two hours. Why no limits? Yes I was VIP, it wasn't unheard of for me to deposit 1k but never 10 in a short span. I wish they had caught on, ***** I knew all operators by name, had pictures of their families, exchanged recipes...they made me feel right at home.

 

I wrote to my VIP guy and haven't heard anything. If they refuse to allow payments or forgive the debt, can they come after me for money I don't have? (I'd normally have money from my renters and dividends but husband has taken control of my personal finances as a result of erratic spending elsewhere, he doesn't know about this casino business)

[Afi4wins]

As usual, the main topic subject has been driven far far away from the point...

 

Actually, ACH has little to do with 'credits' or 'loans'. Detailed explanation of how it works below:

 

https://en.wikipedia.org/wiki/Automated_Clearing_House

 

Well Guru-mate, I wouldn't say that we have derailed too far away from the main subject. 

 

Casinos are using this ACH system for other purposes than commercial transactions or for bill payments. They are providing 'free money' to VIPs on the basis that they know these customers can pay up, but they are 'hiding' their true purpose behind this 'ACH system'. All they want is for the customer to play at their casino - so they give 'free upfront credits' for them to play with, debiting the amount later on if they lose, which they will, in most instances - so it's actually a form of advanced credit from the casino to the customer. A credit facility nonetheless, regardless of being ACH, POP, POS or whatever. 

[cocopop3011]

As usual, the main topic subject has been driven far far away from the point...

 

Actually, ACH has little to do with 'credits' or 'loans'. Detailed explanation of how it works below:

 

https://en.wikipedia.org/wiki/Automated_Clearing_House

 

It is really a credit facility though isn't it? If Zanaiiaim's explanation is accurate of course.