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Ron-Mexico
05-01-2005, 04:04 PM
I just noticed that (from what i heard) partys going IPO so they hand to make a change. Supposedly now everyone has limits to 1k per week send or get. Anyone seen an official post about this? This is horrible ;(
emonrad87
05-01-2005, 04:31 PM
Why is this horrible? Do you regualarly launder money through party or something?
StacysMom
05-01-2005, 05:04 PM
Its horrible for me, I have alot of friends i lent money to, or BR'ed, that need to pay me back, and now i can only receive 1k a week...

Its the last thing im takeing from party, hasta luego!
lacky
05-01-2005, 05:09 PM
uhh, checks still work, cash is still good. It's hard for me to believe anyone with $1000's of dollars at there disposal can't figure out a way to transfer money other than through Party.
Losing all
05-01-2005, 05:12 PM
I couldn't agree more.

ps. stars, paradise, and many other sites are excellent options.
Ron-Mexico
05-01-2005, 05:28 PM
Im a big money player, its nothing for me to send 2k a week to a buddy and him to send it back. I bank roll 5 people.. This blows
bicyclekick
05-01-2005, 05:33 PM
Thing is - party is instant and free.
StacysMom
05-01-2005, 05:42 PM
[ QUOTE ]
I couldn't agree more.

ps. stars, paradise, and many other sites are excellent options.

[/ QUOTE ]

not everyone has accounts at these places. and i dont like to just use a site like stars for transfers without actually playing on their site.

i know there are other ways to transfer money, but it was so easy via party, and they stopped it for either no good reason, or some reason that doesnt pertain to me.
StellarWind
05-01-2005, 09:57 PM
I recognize the inconvenience to you and it's unfortunate.

But Party is a poker room, not a financial institution. Whatever they need to do to prevent money laundering is what they should do. It's vital to them that they prevent misuse of their site by criminals.
DonButtons
05-02-2005, 05:01 AM
I dont like this--I regularly use inter account transfers between my friends, and lending from site to site. This sucks
Reef
05-02-2005, 07:08 AM
[ QUOTE ]
Im a big money player, its nothing for me to send 2k a week to a buddy and him to send it back. I bank roll 5 people.. This blows

[/ QUOTE ]

gotta become a preferred member to up the limit
Jeffage
05-02-2005, 08:36 AM
True. But once they go public, having limitless Interaccount transfers will be seen as a security glitch. You may use it for lending, etc, but it can also be used by criminals to transfers tens of thousands a week for money laundering (since there is no record of this except on Party). I don't lend money (or play on Party lately) so this doesn't affect me.

Jeff
Ron-Mexico
05-02-2005, 12:26 PM
Whats the max you can get?
IggyWH
05-02-2005, 12:29 PM
[ QUOTE ]
I recognize the inconvenience to you and it's unfortunate.

But Party is a poker room, not a financial institution. Whatever they need to do to prevent money laundering is what they should do. It's vital to them that they prevent misuse of their site by criminals.

[/ QUOTE ]

Especially if they ever want to become legal in places like America...
AA suited
05-02-2005, 01:50 PM
you can xfer $ between party and empire accts?
DonButtons
05-02-2005, 03:41 PM
No you cant transfer between party and empire.

The max, I dunno, I got $6k weekly limit, but maybe the # is in proportion to your bankroll? Not sure, I know one person with $8k limit, and don't really ask other people.
bobbyi
05-02-2005, 03:48 PM
I've heard second-hand that if you become a paypro "preferred member" and email Empire support, you can get your max there raised to $3k. I can't verify that though.
Sandstone
05-02-2005, 03:51 PM
I had an 8k limit, was dropped to 3k a few days ago. I am a Preferred Member.

This was on PokerNOW though, so I figured the new management had something to do with it.
stabn
05-02-2005, 04:22 PM
[ QUOTE ]
I had an 8k limit, was dropped to 3k a few days ago. I am a Preferred Member.

This was on PokerNOW though, so I figured the new management had something to do with it.

[/ QUOTE ]

My empire affiliate recently said it was an across the board policy change. Considering the fact that he transfers way over 30k a month (and he was told of a daily max and a monthly (or weekly max) that was far above the limit this was a huge problem for him. Obviously he can transfer some via neteller or firepay, but he is also working to re-up his max transfer amount. I support him in this, since it's easier for me for him to inter-transfer it and for me to IGMPAY it to my bank account.
OldLearner
05-02-2005, 05:08 PM
[ QUOTE ]
Im a big money player, its nothing for me to send 2k a week to a buddy and him to send it back. I bank roll 5 people.. This blows

[/ QUOTE ]

Are you a loanshark?

Or do you just continually supply these winning players with money?

Do you teach poker? Part of the course should be bankroll management.