Here are their answers form the frequently asked questions section, easier then me editing it
Deposit Instructions
1st Time Poker Room Transfer Help1. Purchase Shares
After logging into your account, go to the Purchase shares option on the left hand side of the screen to deposit funds into your account.
2. Transfer Funds to a Poker Room
Under the Poker Rooms heading, select Make a Deposit. Make your selections and click 'Submit'. You will be prompted to link your PIC account to your poker room account. Depending on the room you are depositing to, the information you need to enter will vary. Please see below for specific site or network instructions. This will only happen once to link your PIC account to your poker room account.
If you are not sure which network the room you are interested in depositing to , check the PIC-Partners selection from
www.https://picclub.com.
Doyles Room: Enter your LoginID and where prompted for a password, please enter the email address you have registered at Doyles.
Merge Network: Enter your poker room Login ID and password. If you don't know your login ID, turn off auto login at the poker site and your Login ID will appear on your next login.
BetCris: Enter your poker room Login ID and password.
Everleaf Network: Enter your poker room Login ID and password.
Gold Chip Network: Enter your poker room Login ID and password.
Bingo Rooms: Enter your Login ID and password.
3. Do not use the Cashier at the PokerRoom site. All deposits are made from you PIC account.
Withdraw Options
WithdrawalsWITHDRAWALS
You may redeem at par all or a portion of the balance of shares in your Available Shares Account (excluding amounts that have not cleared your financial institution). You will be able to redeem any un-cleared amounts once they clear. We will process the withdrawal request within 15 business days provided all identity and security validation and verification checks are successfully completed, which we will conduct as soon as reasonably practicable.
You acknowledge that certain of our electronic money purchase, transfer and withdrawal options require different types of identity and security validation and verification checks, including use of third party validation and verification systems, and you agree to submit to such identity and security validation and verification checks if you choose such options. You also acknowledge that certain of our electronic money purchase, transfer and withdrawal options impose certain minimum and maximum limits and these are indicated when you view the various options on the applicable web page on our Website. We reserve the right to impose limits on the purchase, transfer and withdrawal amounts and frequency you may use such options, and to change such limits from time to time without notice.
Fees:
You are responsible for the payment of all applicable Fees. Fees are indicated on the applicable web page or prior to your completing a transaction. Fees include our NSF reprocessing charges if there are insufficient funds from your payment source. If you are unclear as to any applicable Fee, please contact our customer service prior to completing any transaction. All Fees are due immediately and are subject to change at any time. You are responsible for, and we may deduct from your Account, all costs incurred by us to recover Fees and other amounts that you owe us, including, without limitation, collection fees and legal fees on a solicitor and client basis.
Chargeback
If you purchase electronic money using your credit card or though your bank account and then authorize a payment to a Merchant or other Member of the funds issued to your Account in exchange, you will not charge back, cancel or de-authorize the credit card or bank account charge. Without limiting our rights or remedies, if you do charge back, cancel or de-authorize your credit card or bank account charge in such circumstances, you are responsible for refunding the payment. We may, at our discretion, recover the amount by reducing your Account balance, re-charging your credit card or bank account for the amount or otherwise collecting such amount from you.
WITHDRAWAL LIMITATIONS AND RESTRICTIONS:
You may withdraw all or a portion of the balance of shares in your Available Shares Account (excluding amounts that have not cleared your financial institution). You will be able to redeem any un-cleared amounts once they clear.
Withdrawals are limited to 2 withdrawals per week up to a maximum of $2500.00 USD.
Minimum withdrawal amount is $50.00 USD.
Withdrawals are processed Monday-Friday from 9:00am to 5:00pm EST
Withdrawal Option Fees:
WIRE TRANSFER to your bank account - $45.00
Delivery: 3-5 days after processing is completed dependant upon bank location.
COMPANY CHECK - No Charge
Delivery: 3-5 days after processing is completed. - No charge for U.S. mail
Express delivery available via FedEx, UPS or DHL. All express fees will be deducted from the withdrawal amount.
CERITFIED Check or Money Order - $15.00
Delivery: 3-5 days after processing is completed. No charge for U.S. mail
Express delivery available via FedEx, UPS or DHL. All express fees will be deducted from the withdrawal amount.
WESTERN Union: Standard W.U. fees apply
Delivery: 3-5 days after processing is completed.
W.U. fees will be deducted from the withdrawal amount.
Withdrawing Funds from the Poker Rooms
1st Time Withdrawals from Poker RoomsYou must have made at least one deposit to the poker room in order to set up the account association needed. The account you have at the poker room is only linked to your PIC-Club account when at least a minimum transfer to that room has been made from your PIC-Club account.
Some of our cooperating rooms require that you make the withdrawal from their cashier page, and they will transfer the funds back to your PIC-Club account. Some have instant withdrawal available. If you are not sure of the procedure for a particular room, please check with our Live Customer Support. They will be able to help you.
Go to Poker Rooms> Make a Withdrawal.
In the top box, select the room you with to withdraw from. In the 2nd box, select your 109-Available Shares Account. Enter the amount you are withdrawing. Click Submit. A confirmation page will come up. Click Pay It.
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So, give me a complete rundown of the idea.
From what I gathered... you deposit, say, 50 bucks. They keep a dollar of it in your account and the other $49 dollars you can deposit into a poker site? Is that right?
What about withdrawals from poker sites. Do they keep a dollar to put in your account then? Can they send you a check if you please or do you have to have a bank account?
Also, let's say I donk it up and decide that I want to quit playing poker and would rather play tiddly winks instead. When I go to cash out, do I get all of those dollars that were invested into the company back?
Thanks in advance!