Cloudbet Takes 5% of all Deposits and Withdrawals?

[sportsbettor5]

From Cloudbet's terms:

7.1.9. We reserve the right to apply a handling charge of up to 5% on deposits and withdrawals to cover transaction costs.

Does anyone have any experience with this? I have no interest in playing with any book that would do this to me.

 

[FrankDexter]

That is outrageously awful.

How can a book expect to gain or retain any customers with this type of fleecing?

 

[sportsbettor5]

That is outrageously awful.

How can a book expect to gain or retain any customers with this type of fleecing?

Cloudbet often has some of the best odds on the market...but probably not 5% better than the next-best. Just a bizarre term and I'll wait to sign up there until they get rid of it.

 

[uh_uh_eugine]

Wow....fagettaboutit