Withholding Payment of €1,850
Hi there.
I hope you are well. Cyber.bet have been withholding a withdrawal since the 17th March with no justification. The account has is fully, extensively, verified. The total amount is €1,850 and this specific withdrawal is for €1,000 as they only allow a maximum of €1,000 per day.
Following the third round of extensive successful verification I made yet another withdrawal attempt. Over one week passed and I emailed them to ask why. I was fobbed off with:
"Please note that according to the Terms and Conditions 7.12. The standard period of withdrawal is two business days. Cyber.bet reserves the right to change the period of withdrawal.
It can happen because of several reasons:
- payment is being processed through a rather long chain of financial institutions, each of which has the right to process the transaction up to one day;
- due to the tightening of anti-money laundering and counter-terrorism measures, payments are becoming a subject of manual payment approval at some stage;
- in some cases, payment systems request information about the verification of the account: the address or full name, and in the case of multiple withdrawals or a large transaction amount, it can slow down the payment until the complete personal data of the performer is received;
- temporary technical errors may occur during operations on the side of each of the participants in the money movement chain."
After two weeks, I made a formal complaint and they said:
"We are working with high priority to process your withdrawal soon and we apologize for the delay." This was three days ago and still nothing. Any help you could give would be much appreciated.