Asianconnect88 financial trouble? Lies and deception

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Re: Asianconnect88 financial trouble? Lies and deception

Wed Apr 15, 2020 4:15 am

I am positively surprised. The reason why I ask is that PremiumTradings is charging 5% on any BTC withdrawal. Some times this might be even 6-7% depending on the volatility of the day.
Kudos to AsianConnect then.
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Re: Asianconnect88 financial trouble? Lies and deception

Wed Apr 15, 2020 10:17 am

x-casino wrote: I am positively surprised. The reason why I ask is that PremiumTradings is charging 5% on any BTC withdrawal. Some times this might be even 6-7% depending on the volatility of the day.
Kudos to AsianConnect then.

Those premium guys will kill you with bitcoins. I am sure i will never forge them.
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Re: Asianconnect88 financial trouble? Lies and deception

Wed Apr 15, 2020 10:17 am

Have withdrawn over 20k euros in bitcoin since one week from Ac and they all came in between 1 to 2 hours
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Re: Asianconnect88 financial trouble? Lies and deception

Wed Apr 15, 2020 12:04 pm

@Dannyboy,

Is BTC an option for you?
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Re: Asianconnect88 financial trouble? Lies and deception

Sun Apr 19, 2020 12:47 pm

arbusers wrote: @Dannyboy,

Is BTC an option for you?
Nope, they won’t pay me via BTC either
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Re: Asianconnect88 financial trouble? Lies and deception

Mon Apr 20, 2020 10:39 am

I had withdrawed 10k last week. Today, I tried to withdraw once more and received the corona virus apology message. Well, I think they must pay 10k once a month, at least.
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Re: Asianconnect88 financial trouble? Lies and deception

Mon Apr 20, 2020 12:58 pm

I brought this thread once again to the attention of AsianConnect. They might come back again with a new comment.

The way I see it, AsianConnect (among other brokers) is facing temporary liquidity issues. Broker and agent style of betting comes with an extra layer of risk compared to betting with classic bookmakers. Players consciously take the additional risk in exchange for the flexibility, the practicalities and the odds they receive from them.
Covid19 revealed this extra layer of risk.
The thing with agents is that when the music stops, in terms of liquidity, things will be complicated, but as long as the music is playing, you've got to get up and dance.

IMO there is no fund risk from AsianConnect. In the end, all players will receive their funds intact. The same applies to PremiumTradings with the delays we noticed a couple of weeks ago. However, it is not easy to estimate when is that ''end''.
Of course, all players should receive their funds in total upon request, there is no question about that. But at the same time, we are experiencing a once in a lifetime and totally unpredicted events.
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Re: Asianconnect88 financial trouble? Lies and deception

Mon Apr 20, 2020 6:44 pm

Wait this is really strange, dont know if i am lucky or something but i have been withdrawing from them and no problem for days now and they pay very fast and high amounts also
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Re: Asianconnect88 financial trouble? Lies and deception

Mon Apr 20, 2020 9:02 pm

Ive always treated money in agent accounts as a worst case scenario possible total loss, even before this once in a lifetime event.

Hopefully things will start to get back to some sort of normality in the coming weeks and months, and I hope that AC and PT survive and thrive.  If they can pass this financial test then they deserve all the success and 100% trust that will follow!!

What with more and more draconian sportsbook regulation in the EU and beyond players will need these agents more and more.  Long term they will make a fortune if they hang in there!!!
Never trust a goose!!!
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Re: Asianconnect88 financial trouble? Lies and deception

Tue Apr 21, 2020 7:11 pm

Now they start giving me the same withdrawl limit reply.

This truly dont make sense, Ac accepts deposits and their website still runs. Most of the betting is on Orbit and i presume  they are paid back by betfair. so how come they cannot honor their payout
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Re: Asianconnect88 financial trouble? Lies and deception

Tue Apr 21, 2020 7:18 pm

Its just so funny also, they dont send any message informing customers of the new limit, they just wait for you till you accumulate balances, then  they will inform you
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Re: Asianconnect88 financial trouble? Lies and deception

Wed Apr 29, 2020 12:01 pm

jagas wrote: Now they start giving me the same withdrawl limit reply.

This truly dont make sense, Ac accepts deposits and their website still runs. Most of the betting is on Orbit and i presume  they are paid back by betfair. so how come they cannot honor their payout
Not really a big mystery. They use any incoming deposits to pay people with. Its a classic way for companies in trouble to win some time. Dont expect anything to be better before all football is back to playing normal again. But from this we now know that this broker does not keep all the customer deposits in safe accounts. If they had, they would have no problem with withdraws.
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Re: Asianconnect88 financial trouble? Lies and deception

Sat May 23, 2020 11:26 am

Any news about AC?

1 Major League started.
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Re: Asianconnect88 financial trouble? Lies and deception

Mon May 25, 2020 11:44 pm

They are still unable to pay players
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Re: Asianconnect88 financial trouble? Lies and deception

Mon Jun 01, 2020 7:46 am

This is an e-mail I just received from AsianConnect. Seems they return back to normality and they are ready to pay.


To start this month with good news, we are glad to announce that we will be lifting the withdrawal transaction limit across all payment methods available to use.

Provided that the account has already undergone our KYC Verification Process and has already completed the Rollover Requirement only if applicable.

We encourage everyone to still and always follow withdrawal guidelines for smooth and hassle-free transactions.

If you have question or clarifications, kindly let us know.

Thank you very much for your continuous patronage to Asianconnect88!

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