Lock’s Pending Cashout List Paints Pessimistic Picture

Since early June, active Two Plus Two contributor IHasTehNutz has been gathering pending cashout data from Lock Poker users. His findings are recorded in a spreadsheet and posted online.

To date, 96 players have reported a total of approximately $236,000 in pending cashouts requests.

Due to Lock Poker’s recent decision to abandon their support forum on Two Plus Two, IHasTehNutz has relocated his thread to the Internet Poker forums. His original thread can be found here.

Nearly 100 outstanding cashout requests recorded

I’ve taken the liberty to summarize IHasTehNutz latest (8-20-2013) report:

• The oldest Western Union cashout request dates back to February 19 – 183 days.
• Four outstanding check requests are more than 200 days old.
• The average difference between a player’s wait time for a Western Union request and Lock Poker’s estimated wait time is 100 days and counting.
• The smallest recorded cashout request is $116.66. The largest is a staggering $10,000.

Report is not comprehensive or independently confirmed

Note that IHasTehNutz’s findings are based on the honor system and in no way is he able to verify the information he receives for accuracy.

Usernames are intentionally withheld from the report.

The report only includes Two Plus Two users who have PM’d IHasTehNutz with the date, amount and method of their request. In all likelihood, the number of outstanding cashout requests is much greater than what is listed in the report.

Pending cashout report referenced in latest payment processing report

IHasTehNutz’s spreadsheet played a contributing factor in John “PokerAddict” Mehaffey’s decision to downgrade Lock Poker from a D- to an F in his latest payment processing report for US-facing online poker sites.

The other main factor driving the demotion was Lock’s decision to pull out of Two Plus Two and launch a private forum.