Fees on Dormant Accounts on Crypto Gambling Platforms

[traderethereum]

I think the logic behind penalties for dormancy is warranted and how grave the consequences are is justified, after all they are a business model and they will do everything to ensure that business model stays afloat. And it's not like it is a hard thing to avoid, all players would have to do is to login every once in a while and maybe play one or two games for some, to register as an activity. Or maybe if you're really not seeing yourself playing in that casino anymore in the future, perhaps a proper deletion of your account and transfer of the funds is an option that is possible too.

If they let their account inactive for a few months, the casino has no problem freezing or closing their account.
Gamblers who feel it is unfair should be able to think of a casino as a place of business and provide various gambling games for those who want to gamble.
And if casinos close their accounts, that's only normal because casinos want to see gamblers who are actively playing gambling instead of having lots of inactive accounts.
At least I agreed to log in occasionally and deposit some money to play so the casino keeps our account open.

This measure has a dangerous impact on gamblers, because sometimes we lose control over the number of casino accounts we have, as there are so many of them available in crypto industry. Imagine you have an account on every casino promoted on this forum and want to play at all of them. After a while you will have some money idle at one or another casino. And let's say you forget it for several months or even a year, but as soon as a new bull run begins, you remember you had some funds idle there, so you login at the casino to withdraw it, but surprisingly, there is nothing left, because the casino has confiscated your money!

That is a very annoying and disappointing experience which would lead me to stay away from that service provider forever!

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

[1714739399]

1714739399

[1714739399]

1714739399

[coin-investor]

I think the logic behind penalties for dormancy is warranted and how grave the consequences are is justified, after all they are a business model and they will do everything to ensure that business model stays afloat. And it's not like it is a hard thing to avoid, all players would have to do is to login every once in a while and maybe play one or two games for some, to register as an activity. Or maybe if you're really not seeing yourself playing in that casino anymore in the future, perhaps a proper deletion of your account and transfer of the funds is an option that is possible too.

If they let their account inactive for a few months, the casino has no problem freezing or closing their account.
Gamblers who feel it is unfair should be able to think of a casino as a place of business and provide various gambling games for those who want to gamble.
And if casinos close their accounts, that's only normal because casinos want to see gamblers who are actively playing gambling instead of having lots of inactive accounts.
At least I agreed to log in occasionally and deposit some money to play so the casino keeps our account open.

This measure has a dangerous impact on gamblers, because sometimes we lose control over the number of casino accounts we have, as there are so many of them available in crypto industry. Imagine you have an account on every casino promoted on this forum and want to play at all of them. After a while you will have some money idle at one or another casino. And let's say you forget it for several months or even a year, but as soon as a new bull run begins, you remember you had some funds idle there, so you login at the casino to withdraw it, but surprisingly, there is nothing left, because the casino has confiscated your money!

That is a very annoying and disappointing experience which would lead me to stay away from that service provider forever!

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

With the exception of Betfury, we all know Betfury has a staking feature you need to store your BFG token to earn a daily profit, I'm using all my funds to play and if I won and I think I had enough for that session, I withdraw my earnings I'm using altcoins to save fees on deposit and withdrawals so I can deposit or withdraw daily without worrying with the fees but most of time I always deposit and seldom withdraw because my losing rate is higher than my winning rate.

[YOSHIE]

Are you familiar with this? Or has anybody here been actually charged for having his/her crypto gambling account inactive for several months?

Some of the online casino platforms that I listed have been running for years, as far as I can remember there have been no crypto gambling sites that charge monthly/annual fees and so on, in case I really have to be off for a certain time, maybe if there is an online casino platform like that I won't be able to register and deposit there, let alone leave a balance.

My understanding is that it is not good if there is a crypto gambling site that implements an inactive fee feature for its users, such a feature will be burdensome for users who bet at the casino.

[Solosanz]

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

Usually if the casino freeze your account due to inactivity, you need to provide few verification and maybe they will ask you to submit KYC. Usually the casino will say it's to prevent a hacker to use as your account, but if you're not using VPN or your IP address are change, the casino is red flag and too strict.

Yeah they could also ask to create a new account, but the problem is if your main account has a huge balance, you will lose it.

[Fortify]

Are you familiar with this? Or has anybody here been actually charged for having his/her crypto gambling account inactive for several months?

The monthly charge could be as high as 15% of the remaining balance. Or, worse, the entire balance could be withheld by the platform itself. Although it could be for security's sake and be returned upon request, who knows what conditions or perhaps KYC information they would require just to have your money back?  

For the sake of discussion, let's set aside the fact that one shouldn't leave money in gambling account wallets. Do you think this policy is fair?

This is similar to a bank policy that requires accounts to have transactions every now and then or be active or else dormancy fees could be charged. But this feels weird to a gambling platform. What happens to seasonal gamblers who don't mind leaving money in their account wallets? One could only be betting during annual work breaks or vacation or during annual sports championship events. Say, the NBA playoffs, The International, and others.

While I'm not a big fan of this sort of activity, I can understand why casinos do it and there not just being a financial incentive. If they wanted to really be fair however they would approach it differently - like if your balance was $30 or less then maybe claim that as an administration fee but close the account as well (the supposed justification is it costs money to "run"). However any amount higher than that and they should make efforts to return it to the owner, either via a mailed check to the address on record but still claim an admin fee. That avoids them getting their hands on much larger sums that they have no justification for taking if they are just trying to close down liabilities, if the check is not claimed in a certain time frame then maybe it needs to be moved to a dormant bank account where it can earn the casino small amounts of interest if they want to profit from it.

[blockman]

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

There are casinos that have got their tokens and that's why some gamblers are also investors as they get to have a portion of the casino's profit through dividends by having the token that they own.
Yeah, I agree that it's not recommended to keep your funds the same as the exchanges in the casinos because you'll not know if something happens badly and your funds is also affected.

[uneng]

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

There are casinos that have got their tokens and that's why some gamblers are also investors as they get to have a portion of the casino's profit through dividends by having the token that they own.
Yeah, I agree that it's not recommended to keep your funds the same as the exchanges in the casinos because you'll not know if something happens badly and your funds is also affected.

Someone who has investments at casino platforms should monitor it every few weeks or once a month at least. They also need to monitor their email frequently, because if the casino is going to seize funds or close an account due to inactivity, they usually send a warning email first to the user in question with a deadline. Anyway, since the goal of the investment is long term, I think it's unfair if a casino forces the investor to keep login in to not close his account. It looks like the platform isn't being user friendly when doing this, and also like they are putting a trap (investment feature) to grab money from careless investors.

[Oilacris]

It would be dangerous for the gamblers if they kept their coins too long in the casino but if the gamblers didn't have the coins, it would be okay for them.
If our account at the casino gets frozen and we still want to go back to gambling at the casino, we can still contact customer service so they can reopen it.
If we never break the casino rules, they will open our account again or tell us to create a new account.
And one thing to watch out for is never to deposit any coins in the casino as there is a risk of closing inactive accounts.

There are casinos that have got their tokens and that's why some gamblers are also investors as they get to have a portion of the casino's profit through dividends by having the token that they own.
Yeah, I agree that it's not recommended to keep your funds the same as the exchanges in the casinos because you'll not know if something happens badly and your funds is also affected.

Whether its a casino or exchanges which its never been worth on making yourself to consider on leaving out those coins parked or idle on those platforms.We do know on what things that could
possibly happen along the way which it would cause up lost of coins.Now it is become a trend on where dormant accounts do been charged up? Seems like they are really that
eager on earning more money via these means and for me its not really that something looks interesting because they are really that showing that they are
really that greedy.

[blockman]

There are casinos that have got their tokens and that's why some gamblers are also investors as they get to have a portion of the casino's profit through dividends by having the token that they own.
Yeah, I agree that it's not recommended to keep your funds the same as the exchanges in the casinos because you'll not know if something happens badly and your funds is also affected.

Someone who has investments at casino platforms should monitor it every few weeks or once a month at least. They also need to monitor their email frequently, because if the casino is going to seize funds or close an account due to inactivity, they usually send a warning email first to the user in question with a deadline. Anyway, since the goal of the investment is long term, I think it's unfair if a casino forces the investor to keep login in to not close his account. It looks like the platform isn't being user friendly when doing this, and also like they are putting a trap (investment feature) to grab money from careless investors.

True, I've seen gamblers that have complained and asked for the same matter in the forum that they've missed those notifications made by the casino where they've got deposits left.
The idea of having some activity and login on their account should really be considered, the user even invested on their token and still requires to do so but anyway, as the usual reminder, it's not good to keep your assets on if you've got no plans of investing on them.

[Mahanton]

There are casinos that have got their tokens and that's why some gamblers are also investors as they get to have a portion of the casino's profit through dividends by having the token that they own.
Yeah, I agree that it's not recommended to keep your funds the same as the exchanges in the casinos because you'll not know if something happens badly and your funds is also affected.

Someone who has investments at casino platforms should monitor it every few weeks or once a month at least. They also need to monitor their email frequently, because if the casino is going to seize funds or close an account due to inactivity, they usually send a warning email first to the user in question with a deadline. Anyway, since the goal of the investment is long term, I think it's unfair if a casino forces the investor to keep login in to not close his account. It looks like the platform isn't being user friendly when doing this, and also like they are putting a trap (investment feature) to grab money from careless investors.

True, I've seen gamblers that have complained and asked for the same matter in the forum that they've missed those notifications made by the casino where they've got deposits left.
The idea of having some activity and login on their account should really be considered, the user even invested on their token and still requires to do so but anyway, as the usual reminder, it's not good to keep your assets on if you've got no plans of investing on them.

I believe that there are sites who do have that notification but it turns out that this fee change isnt been announcement that obviously because if the platform would say so then people would surely be
pulling off their funds into the platform.They wont know if a certain user had just simply forgotten their accounts having funds or just simply parking it there.It do really sucks that they would really be
asking for some fees on just being idle or dormant.This is why its never been that recommended on making out such changes but since they are the ones who do run of a business then its
their decision and choice to make.

[Plaguedeath]

Someone who has investments at casino platforms should monitor it every few weeks or once a month at least. They also need to monitor their email frequently, because if the casino is going to seize funds or close an account due to inactivity, they usually send a warning email first to the user in question with a deadline. Anyway, since the goal of the investment is long term, I think it's unfair if a casino forces the investor to keep login in to not close his account. It looks like the platform isn't being user friendly when doing this, and also like they are putting a trap (investment feature) to grab money from careless investors.

There's no point to invest in casino bankroll if a user need to login and watch his investment because they're looking for long term. Not to mention there's a reduction fee if you withdraw your investment, so you're shouldn't invest and withdraw in short time before making enough profit.

But seriously, is there any casino that offer investment bankroll is charge fee on dormant account? I haven't see it so far, many casino didn't even accept bankroll investment too.

[davis196]

This is similar to a bank policy that requires accounts to have transactions every now and then or be active or else dormancy fees could be charged. But this feels weird to a gambling platform. What happens to seasonal gamblers who don't mind leaving money in their account wallets? One could only be betting during annual work breaks or vacation or during annual sports championship events. Say, the NBA playoffs, The International, and others.

I've seen many companies having such "dormant account fee" policies. Even affiliate marketing networks like Clickbank have such policy.
Maybe the accounts have some kind of maintenance costs, which have to be covered, or maybe the companies simply want to make some easy money from inactive accounts. Anyway, it's always a bad decision to leave money in an online account for a long time. It doesn't matter if it's a gambling or a trading account.