legal or not legal

is it legal for a player who has no real money account but had like 60million play chips and sold them for real cash and then after transferring the cash to a friend who has a real money account and that player then withdraws it from his account to his credit card....hypothetically speaking of course...lol

Did not think you could transfer play chips. Can you?

And how are you getting the cash from the friend buying it? Or are you saying that "you" never get the cash, but a 3rd friend gets it and then you and he make a deal in real life or something?

I don't know about withdrawing to a credit card, but you are allowed to sell playmoney/accept transfers.

If you don't play real money with it before cashing out they may suspect a money laundering type scam or think you're using pokerstars as a substitute for western union, which they don't appreciate.

I read about someone depositing then trying to transfer to make a purchase, and pokerstars wouldn't allow it because not enough poker had been played with the money.

...and of/c if you don't deposit, you will need to provide identification to cash out.

ok first of all...he sold some of his chips on chip selling site i think.

second...he gave the real money to some1 he knows that has a credit card account and his friend withdrew the cash on his credit card and then he gave him the cash....is that clear...sorry if other statement i made wasnt

no the money was transferred and withdrew and accepted and it was ftp too

[quote=D'wilius;1299718]

I read about someone depositing then trying to transfer to make a purchase, and pokerstars wouldn't allow it because not enough poker had been played with the money.

i doubt it cuz i played at PS and won 600 $ like 3 years ago and i had no account so i created one and made a $50 deposit and i withdrew about 450$ of the $600 on my credit card right after and they accepted it.so..... i dont know

My understanding is that Poker Stars does not condone selling chips, but they don't try and prevent it. I believe I heard that Boku87 tried to sell 1 million chips after he busted out when he was trying to do his $5 to $100,000 challenge, but instead of doing that Poker Stars "awarded" Boku $5 so that the fact that chips are being sold outside of the realm of pokerstars would not be publicly disclosed.

im not sure about the rules about play chips and cashing them out for real money but would like more data on the subject because if it is legal...i have some too to sell but dont want to jeopardize my account on ftp

on fulltilt its not legally possible to sell the chips because in order to give your chips to the buyer you would have to "dump" the chips across the table to them in which fulltilt doesn't allow chips to be passed across tables

with pokerstars its a bit of a grey area in my opinion because they have the trade playchips option on there client i believe you could do it maybe email there support or something and ask otherwise you might never know

i know that cash dumping is illegal but neever heard of chip dumping to be illegal...im thinking it must be a fine line that if PS allows it then it cant be that bad

This whole matter of getting money by whatever means for PLAY CHIPS, is pretty hard to swallow. I mean, is there really any market for them?

ummm yes there is...i contacted a site who does give $5 per million but im trying to find out the legallity of the situation cuz my acccount is clean and i dont want them to shut it down

$5 per million of pokerstars play chips? Or FullTilt also? Or others?

not sure about PS but i mentionned full tilt and he said yes

i know this is not allowed on fulltilt. they actually have a tournament you can buyin for playchips and win real cash. so their view is that playchips have some real cash value(although not much). and although neither PS nor FTP condones selling playchips i don't think either makes any point in enforcing the rules.

But chip dumping is clearly against the rules, I really doubt it matters whether those chips are "play" money or "real" money either way it is against FTPs rules (illegal has nothing to do with anything). Sitting down at a table and clearly chip dumping is against their rules.

What do these sites that buy play chips do with them. It just doesn't really make since to me.

Yeah, PNJs, that's my thing also. But we have one reply here suggesting some small money tourneys can be played with FTP poings, so maybe they buy them up for that.

As for the chip dumping issue: That depends purely on HOW the play chips are moved. Do they have to dump them to the buying player, OP (original poster)?

Someone said once that maybe pokerstars would allow transfer of play chips....but I'd like to hear from the OP on how he was going to move the play chips.

pokerstars has a option .it says transfer of money/tournament dollars /or play chips...but ftp doesnt....so i dont know the severity of that rule to them

Ive sold playchips to these sites before, granted it was on PS not FT, but the poker sites dont care in the least.

and the reason the online sites buy them is there ARE some people who buy playchips with real money so they can just gamble like crazy with them.

i know of a few people on fulltilt that trade the chips but not sell them when it comes to selling them i believe that pokerstars is the only site out of the 2 fulltilt and pokerstars that you could sell chips in a way thats not going to get u banned

OK, thanks to all 3 of you for the replies. Very informative. It boggles my mind the people that would pay for play chips (I used to have millions on ongame, before they kicked off the USA players).

And even slightly puzzleing that FT would ban people for dumping PLAY chips, if they don't give a way for them to be transferred. I can see it's not a good precedent to allow any form of "dumping", but who would really CARE about playchips being dumped? I would not think it would be worth the time of any paid employees to even bother investigating play chip dumping.....

That you could cash play money for cash. Does anyone know if you can do this on Bodog?

Im not too familair with the play money tables at full tilt but just a suggestion. If youve had money in your account ask him to transfer the amount desired into your real money account. (Dont know restrictions from website whether you can recieve transfers without ever depositing). Once that is settled you can search for or create a private table and just raise to one chip less than all in during hands and then fold, letting him "steal" the pot. Its alot of work for $5 or play chips. If you want $5 in your account try a pre-paid visa which can be found all over at stores such as CVS or Wal-Mart. Be aware that sites have a minimum deposit required though, unaware of what Full-Tilt requires, best of luck

THIS IS THE WHOLE ARGUMENT WERE HAVING DUDE....DOING WHAT U SAY IS CALLED CHIP DUMPING AND IS ILLEGAL BUT THE QUESTION OF dumping play chips ....is it a slap on the hand or a bannishment consequence.

This is chip dumping and it's illegal on any site. I don't even imagine how could you think that can be legal. If it was then everyone would be a winner...

its chip dumping when its real ...in my opinion

yes its perfect legal but if you gave a friend some cash and took the $ and ran u might wanna chose your friends a little bit wiser. The minimum withdrawl on pokerstars and Full tilt is $100 though

It is still chip dumping, but as to whether they are watching or even care about it happening on play chip tables is doubtful. I have heard about different sites buying play chips on both FTP and PS, but technically it would still be against the sites rules to chip dump play chips.

ok thanks

how would everyone be a winner if chip dumping were legal?

another 10 minutes of life exhaled over a b/s thread...

why write in it if its bs....go find another thread to bash buddy if u aint happy