Fees on Dormant Accounts on Crypto Gambling Platforms

[Darker45]

Thanks for the tip, i didn't have a clue that they would do this. I was just thinking few days ago that when i die, would my be money safe in gambling sites for my kids.
And as in comparison, while ago i hadn't logged to my freebitco.in (gambling site) account for over a year or two, and my money had only grow with interest. So there are different policies out there if you are thinking of future.

I think this is going to far. If it's such a bad idea to keep money in a gambling site dormant for years, it is much worse if you keep money for your kids in a gambling site. Not only is a gambling site, and any centralized platform for that matter, not a storage for your funds, it especially is not a place for generational wealth. Quite frankly, I find this idea weird.

Is it really true that leaving funds in freebitco.in gives you interest? This is good, much better than other gambling sites taking your money away, but why is this so? Did you in any way stake your funds? If you didn't, does this mean freebitco.in use users' money to be invested somewhere?

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[lienfaye]

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

I'm not familiar with this, I thought it's only happening in dormant accounts in banks. Well, I think it's fair if they gave you a notice regarding the status of your account for several times. What's not fair is if they didn't notify you for the account closure then confiscate your funds.

I didn't experience this on the casinos where I play since I don't leave funds for long in my account. Often, I only the deposit an amount that I'll spend to gamble and if ever I win, I always make a withdrawal. I have inactive account on other casinos but i'm not worrying since it has no money left.

[Darker45]

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

I'm not familiar with this, I thought it's only happening in dormant accounts in banks. Well, I think it's fair if they gave you a notice regarding the status of your account for several times. What's not fair is if they didn't notify you for the account closure then confiscate your funds.

I didn't experience this on the casinos where I play since I don't leave funds for long in my account. Often, I only the deposit an amount that I'll spend to gamble and if ever I win, I always make a withdrawal. I have inactive account on other casinos but i'm not worrying since it has no money left.

As a matter of fact, I've just reactivated a dormant bank account. I wasn't charged for any fee. I knew later on and that charges would only be applied after 5 years even if an account could reach dormancy after a couple of years without client-initiated transaction. And the charge would only apply if the balance is below the bank's required balance.

I also had tried reactivating inactive centralized exchange accounts years ago for the sake of what's left there. I couldn't remember I was charged for dormancy fee. The worst that I encountered was that I was asked to submit KYC once again.

In which case, it means some gambling platforms are even worse than banks and centralized exchanges.

[STT]

Dam thats not a thread I want to read and find correct, I just checked if my account is there and its gone and it definetly had a balance I wanted to withdraw.   There was only 4 months between setting it up and ceasing contact, not sure when my account was deleted exactly but thats really  unfortunate.  Not even a warning email for that action taken, lots of emails to advertise playing but not one for taking over someone elses balance is not really acceptable.
   Just for balance I'll state the case I mentioned years ago, which was when I forgot a balance on a big casino site and it was literally there for years.  In fact I tried to register again and remembered I still had an old account there, recovered and logged back in to find a balance from five years previous.   Thanks to the wonders of crypto it was worth alot more so that was a good day, Im obliged to mention the good custodian was FortuneJack which has been a solid place for years.   Also Coinbase did similar, I used them with a retailer who returned payment back to my account and I didnt realise/remember again was years later so that was solid of them no problem recovering.
    I wont mention which operator from the OP just lost me my balance but I'll see if they can be more reasonable if I mention the loss who knows and I'll report back.

[Jawhead999]

I never hear rules like that. That is seem crazy.
But we know gambling company get money from your gambling not for saving your money.
So... that is fair.. if they giving us atleast information about it when our account going dormant account.
Email the customer is enough. Let them withdraw remaining money..

If they taking action by itself, that is not different like ponzi scheme and that is hurt for the customer itself.

Gambling making a consistent bet in gambling is what gives gambling website more money and it's obvious, but having a dormant account in gambling is something that is different from my perspective,
As I may seeing dormant account in any gambling platforms, it doesn't grant any thing or bring anything at home, that is why i strongly believe that gambling get more money once people play more bet in it.

It's a win-win situation for the casino, here's I will show it:
1. If you leave your coins on the casino and didn't gamble at all, the casino will charge you some fees due to your inactivity (casino earn profit).
2. If you remember you have money on the casino and you want to withdraw it to your wallet, the casino will charge some fees when you want to withdraw your coins (casino earn profit).
3. If you remember you have money on the casino and you're want to gamble it all, since the house always win you will lose all of your money (again, casino earn profit).

In the end casino will make money, while you will lose your money. That's why you shouldn't gamble to chase more money.

[bitgolden]

Gambling making a consistent bet in gambling is what gives gambling website more money and it's obvious, but having a dormant account in gambling is something that is different from my perspective,
As I may seeing dormant account in any gambling platforms, it doesn't grant any thing or bring anything at home, that is why i strongly believe that gambling get more money once people play more bet in it.

It's a win-win situation for the casino, here's I will show it:
1. If you leave your coins on the casino and didn't gamble at all, the casino will charge you some fees due to your inactivity (casino earn profit).
2. If you remember you have money on the casino and you want to withdraw it to your wallet, the casino will charge some fees when you want to withdraw your coins (casino earn profit).
3. If you remember you have money on the casino and you're want to gamble it all, since the house always win you will lose all of your money (again, casino earn profit).

In the end casino will make money, while you will lose your money. That's why you shouldn't gamble to chase more money.

As long as they give you information like that then it means it should be working fine for you. I am not saying that it is a bad thing to just charge people, it could be good because they are a business and their aim is to make money. Do you see Apple distributing phones for free? Of course not, so why expect a casino to not make money anyway they possibly could? Either from leaving the money in there, or withdrawing, or anything else.

Also they charge you a withdrawal fee because you actually do withdraw and there is a fee for the transaction which makes sense so they are not keeping it all as pure profit, they spend some and even maybe most of it on transaction fees.

[klidex]

A 15% fee if the account has been inactive for a long time, for me that is reasonable if indeed the fee is for the development of the gambling platform itself.
But the problem here is when an account has been inactive and blocked for a long time, can it be recovered? or if it can't be recovered, is it safe to create a new account on the same gambling platform?
Because there are lots of cases that I have read related to multi-accounts even though the gambler feels that he only has one account but previously had an account at the gambling but it was blocked so that the gambling party detected that the gambler had multiple accounts.

But actually it is very unnatural if 15% is charged to gamblers for reasons of inactivity.

[coin-investor]

Is it really true that leaving funds in freebitco.in gives you interest? This is good, much better than other gambling sites taking your money away, but why is this so? Did you in any way stake your funds? If you didn't, does this mean freebitco.in use users' money to be invested somewhere?

I have an account on Freebitcoin.in but have little knowledge of that I guess fees on a dormant account are based on the casinos' terms of service I have a friend who has BFG token on his BFG account and he did not play or even log in for several months but when he logins his BFG has earned interest because of the staking feature of the platform, it's better to read the TOS of the site if they have dormancy fees and if you are not going to log in for an indefinite period of time.

[panganib999]

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.

[STT]

No chance to recover for me, unfortunately it pays to read the small print and I was asleep on that aspect.   As per the advice of this forum, its best not to leave unused balances on random sites.   Obviously I do have balances on various sites I use and a few I no longer use but usually its a small amount and I cant complain too much.    I think I hesitated here because  the site had a withdrawal fee and I was waiting to see if I could collate it to avoid paying the fee more then once across months, unfortunately I then forgot and I've lost it altogether.   I'll have to live and learn from the loss.

[chaser15]

Is it really true that leaving funds in freebitco.in gives you interest? This is good, much better than other gambling sites taking your money away, but why is this so? Did you in any way stake your funds? If you didn't, does this mean freebitco.in use users' money to be invested somewhere?

Yes, this is true. Users don't have to do anything but just maintain at least BTC0.0003 on their wallet to start gaining interest if I remember correctly.

There's also a weekly email that users will receive about the status of their interests.

Even though the APY is better than the interest offered by banks, still not a good investment for me if the intention is really a pure investment. Even though the site is one of the longest-running gambling sites in the crypto-gambling industry, can't afford to store decent money there just to take advantage of the interest they are offering.

[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.

[LUCKMCFLY]

I think casinos should write in their TOS that if a person is inactive for 6 months then the account will be blocked, and that person would have to create another account, this would be a better solution than the casino letting the inactive person relax and then and 6 months later that person comes back and logs in and is faced with something like: - 1000$ in the account balance, that is, the person will have a debt with the casino of 1000$ definitely I do not agree with that, it is not fair. the casino should block the account of inactive people for a long time, something like 6 months or more than putting a fine or fee

Yes, it's not fair but they've got policies that tell them that they have all the rights to do whatever they want with the funds if the period that they've set was met by that dormant account.
It's hard to see people experience that because it's an amount that's quite high to gamble with but we can't do anything with that if that's policy. The only way to do it is to negotiate with the casino and ask them nicely if they can be considerate enough to you so that they'll return the fund.
It's possible but it's just a way of trying it out.

It's their right to close inactive accounts if it's been inactive for a long time especially if it is included in their TOS. That's the reason why we are always advised to avoid agreeing to a casino's TOS without reading it. It is also not a good idea to keep our funds in our casino wallet and leave it there for a long time. We should better store it in our wallets to avoid occurences like this in the future because once we leave it there without checking, the casino will have the authority over it.

Unlike all of you, I will never agree that they have to close, block casino accounts in case the user has been inactive, first because if I want to leave my casino account with money and I want to have that account to play . when I "want" to play again, do it normally and not get a notice that I can't play or that my account was suspended because those things are not nice, unless it is stipulated in the 'terms and conditions', but at the same time If the casinos set those criteria, I think they would stop being casinos to my liking and I would never play there again or recommend that casino.

[uneng]

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!

[BitcoinAccepted]

An interesting topic of conversation. But in fact, gambling sites can do whatever they want as long as they include everything in their terms and conditions. You could say that there is a certain theft, as there are also sites that lock accounts and confiscate funds if you have not logged in for a certain period of time. I don't know what is customary to use as a fee, then you should think of an amount of 5 eur per month, for example. But there are fraudulent sites that simply confiscate entire balances. I don't think most sites that have a reputation charge any fees at all?

[boyptc]

An interesting topic of conversation. But in fact, gambling sites can do whatever they want as long as they include everything in their terms and conditions. You could say that there is a certain theft, as there are also sites that lock accounts and confiscate funds if you have not logged in for a certain period of time. I don't know what is customary to use as a fee, then you should think of an amount of 5 eur per month, for example. But there are fraudulent sites that simply confiscate entire balances. I don't think most sites that have a reputation charge any fees at all?

Even it is not on the terms and conditions upon signing up, they can just change it at their desire timeline with the rule that they want to apply like dormant accounts.

But, majority of them has that rule.

The fee varies depending on how much they would think of it and what they think is fair.

[Johnyz]

An interesting topic of conversation. But in fact, gambling sites can do whatever they want as long as they include everything in their terms and conditions. You could say that there is a certain theft, as there are also sites that lock accounts and confiscate funds if you have not logged in for a certain period of time. I don't know what is customary to use as a fee, then you should think of an amount of 5 eur per month, for example. But there are fraudulent sites that simply confiscate entire balances. I don't think most sites that have a reputation charge any fees at all?

Even it is not on the terms and conditions upon signing up, they can just change it at their desire timeline with the rule that they want to apply like dormant accounts.

But, majority of them has that rule.

The fee varies depending on how much they would think of it and what they think is fair.

This might encourage gamblers to continue playing on the site to avoid paying huge fees if they become dormant, I wonder if every site have this rules since I missed to look on this upon registration and honestly, I have a lot of account that is dormant already because of being inactive for years, I’m afraid to visit it again because they might ask for the fees and charges. Every gambling site have their own rights to put this on their terms of service.

[Slow death]

Unlike all of you, I will never agree that they have to close, block casino accounts in case the user has been inactive, first because if I want to leave my casino account with money and I want to have that account to play . when I "want" to play again, do it normally and not get a notice that I can't play or that my account was suspended because those things are not nice, unless it is stipulated in the 'terms and conditions', but at the same time If the casinos set those criteria, I think they would stop being casinos to my liking and I would never play there again or recommend that casino.

It is necessary to bear in mind that the casino is not people's homes, the casino is a business and like any business they have operating costs that must weigh on the casino owner's pocket, I think that the casino calculates the operating costs to maintain a active account, and as people are playing the casino manages to pay the cost of operation but when a person creates an account in a casino, makes a deposit and plays for a month and then that person stays 5 months without entering the casino, without making any deposit and without playing

so who will pay the operating cost to maintain that person's account? the casino? I do not think so! the best solution is for the casino to close the person's account and when that person wants to use that account again he would have to create another new account since that account has already been closed there will be no record of its existence, this will be a solution for both the casino as the customer

I keep asking myself: if someone knows that he won't be using his account for some time, something like 1 month or more, why doesn't he just close the account and notify the casino? that at least is something that would help the casino, the person knows he won't be playing for a long time, it doesn't hurt to let the casino know and close the account. there are many reasons that make people stop playing for a long time, but in my opinion the largest number of cases of people who create an account and stop using it for a long time is due to having managed to be using another casino with greater advantages

[stomachgrowls]

An interesting topic of conversation. But in fact, gambling sites can do whatever they want as long as they include everything in their terms and conditions. You could say that there is a certain theft, as there are also sites that lock accounts and confiscate funds if you have not logged in for a certain period of time. I don't know what is customary to use as a fee, then you should think of an amount of 5 eur per month, for example. But there are fraudulent sites that simply confiscate entire balances. I don't think most sites that have a reputation charge any fees at all?

Even it is not on the terms and conditions upon signing up, they can just change it at their desire timeline with the rule that they want to apply like dormant accounts.

But, majority of them has that rule.

The fee varies depending on how much they would think of it and what they think is fair.

This might encourage gamblers to continue playing on the site to avoid paying huge fees if they become dormant, I wonder if every site have this rules since I missed to look on this upon registration and honestly, I have a lot of account that is dormant already because of being inactive for years, I’m afraid to visit it again because they might ask for the fees and charges. Every gambling site have their own rights to put this on their terms of service.

You shouldnt really be that afraid because there are still no casinos who are imposing such rule about fees or whatsoever for a dormant account and we know that majority of gamblers who do leave out their accounts

is that most of them are losers or already bust up their entire balance which there's no point on going back with those old accounts and trying to look.Only a few who would really be totally leaving up some funds
into their gambling accounts which it wont really be that surprising.

If ever they would be imposing such fees then i dont know if this one would be affecting it out or not.

[LUCKMCFLY]

Unlike all of you, I will never agree that they have to close, block casino accounts in case the user has been inactive, first because if I want to leave my casino account with money and I want to have that account to play . when I "want" to play again, do it normally and not get a notice that I can't play or that my account was suspended because those things are not nice, unless it is stipulated in the 'terms and conditions', but at the same time If the casinos set those criteria, I think they would stop being casinos to my liking and I would never play there again or recommend that casino.

It is necessary to bear in mind that the casino is not people's homes, the casino is a business and like any business they have operating costs that must weigh on the casino owner's pocket, I think that the casino calculates the operating costs to maintain a active account, and as people are playing the casino manages to pay the cost of operation but when a person creates an account in a casino, makes a deposit and plays for a month and then that person stays 5 months without entering the casino, without making any deposit and without playing

so who will pay the operating cost to maintain that person's account? the casino? I do not think so! the best solution is for the casino to close the person's account and when that person wants to use that account again he would have to create another new account since that account has already been closed there will be no record of its existence, this will be a solution for both the casino as the customer

I keep asking myself: if someone knows that he won't be using his account for some time, something like 1 month or more, why doesn't he just close the account and notify the casino? that at least is something that would help the casino, the person knows he won't be playing for a long time, it doesn't hurt to let the casino know and close the account. there are many reasons that make people stop playing for a long time, but in my opinion the largest number of cases of people who create an account and stop using it for a long time is due to having managed to be using another casino with greater advantages

Yes, that is a good point, but a casino must have a large database, and that at the data level is not much, what happens is that the point of it all is that they can attract more customers, if a person has a bonus and not claiming it for not going on a specified date is a good strategy, but in the case of people like me, who am somewhat lazy, it is not very good, because they can be doing many things or jobs, whatever, and when one remembers the casino and can no longer enjoy the bonus, it is something that does not add up, as they should take it into account, just like me there are many, perhaps they are very active in the casinos and write down everything, no problem.