Post
Topic
Board Gambling
Merits 1 from 1 user
Re: Stake charging $3.09 on a $1.69 withdraw
by
DarkStar_
on 02/03/2022, 22:25:49 UTC
⭐ Merited by khaled0111 (1)
I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.

Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L

So my question remains what did Stake do with the remaining $1.40  Huh

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

Certain transactions cost more to withdraw, such as transactions that spend more than one input. Those transactions are unavoidable for a casino, which will almost certainly have more deposit transactions than withdraw transactions. If they chose to charge withdraws a fee based on what was actually paid, it introduces a luck based component around how many inputs your transaction will have - you might pay $1.69, but you could also pay $6 if there were many inputs used. I don't think anyone would be happy with gambling on fees, so the easiest way for sites to handle it is to charge a fixed fee that covers the average withdraw fee.