I noticed that also when I opened my account. So not really using their service... bodog charges only $20.00 but it might takes some time for you to receive your money...other option is BJ with their debit card option. Haven't withdrawl money with them yet...but I will soon... will let you know how it goes..
You could take a paper check for no fee. You can also use your loyalty points (2500) to withdraw for free.
You may be eligible to exchange 2500 Loyalty points for a Free Payout. Contact our Customer Service Department to see if you qualify.
Just be glad that you are actually getting a payout!! It says what they charge clearly on their site before you deposited.
Payouts really dont have to free anyway. It does cost the book money to receive your funds each time you send them in. If you use your debit card, then they lose from 1-3%. If you use western union, then they lose $20-50 or so by reimbursing the fees.
If you use a ACH from your bank, then they dont really absorb alot of fees. So that would be the only free payout one could reasonably be able to receive as long as it is only 1 free payout every 2 weeks or so. The people who are requesting payouts every 3 days are killing it for the rest of it over the past few years. They raise the costs for the rest of us.
There should be NO GOOD REASON for requesting a payout more than 1 time a week. Unless you are laundering money. Just request what you need that week at one time.
This is hilarious because I was just looking at a chat from them I had last week where they confirmed these astronomical fees. I understand that the industry has changed but I think some books are using this as a excuse to gouge and take advantage of the players. Outside of books like BetJam and Matchbook who have found ways around this, this is very concerning with football around the corner. Oddly enough some books have easier ways to deposit and those are the slowest to payout out.
It is quite ridiculous (the book-to-book especially), but as has been said they do offer a free withdrawal if you wager ~$2500.