I just picked up my cash payout (via moneygram) at a CVS drugstore. I am a satisfied customer, and proof that betonline has successful payouts at least for some people. Here's the rundown:
Date requested: 7/13/2012 1:32 pm EST
Amount: $800 USD
Payout fee: $80, which was later reduced to $30 because I requested it on a friday when they give discounts to players
Method: Moneygram. They have locations in all of the wal-marts and CVS stores in my area.
Payout approved by BO: 7/16 2:00pm EST
Payout completed: 7/16: 7/16 6:15 pm EST
I have had payouts with them before, and had already sent them photocopies of my utillity/id/credit cards used for depositing.
So the system works. I know we've all had reasons to doubt them. but they do deliver.