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Tuesday, September 20, 2011

Yes, Mind Ark Really Does Payout!

Over the years I have heard a lot of people say that Mind Ark is under no obligation to honor your withdrawal requests, and that given the chance they will simply not pay out. However, if you live in certain countries, or your gameplay is questionable, that may be true. I am aware that there have been some people successfully exploiting Entropia Universe. Fortunately a lot of that was put to an end. But I will leave that for another post some day.

I know several friends, in real life even, that I have seen their bank statement proving that YES, MindArk DOES honor their withdrawal requests. But on another side note...  It took one of my friends 3 months to get his cashout. I largely suspect that the processing times will vary greatly and for unknown reasons. You can speculate MindArk is drawing interest off of your money before paying you out. Others suspect they pay off the top of future deposits. I don't believe either is very accurate to say, although what business is not leveraging every dollar they have so that they have more padding if they fall on hard times.

This is a very important topic I wanted to comment on because there is a lot of unconfident people out there and yes it would suck to trade for hours every day for years and then find out they won't give you a dime. But put your worries to rest. If you are doing anything that violates their terms and licensing agreements, then you shouldn't expect your withdrawals to be honored becuase you don't deserve them to be.

When someone exploits a bug or a glitch in the system, they are getting the rewards but not paying the price, thus taking away from everyone else that is spending and working hard trying to get what some people have managed to get through glitches. If you are aware of someone exploiting a bug or a glitch, please do the right thing and notify MindArk immediately, it protects the virtual real cash economy from being artificially drained leaving everyone broke.

As for scammers, do not lend stuff without taking collateral worth equal or greater than the item being lent UNLESS it is a friend in real life and you know where they live if they don't give you your stuff back :-) Use common sense people. No matter how pitiful the plea for borrowing an item is. There are maybe three people in the whole Entropia Universe that I would lend to without collateral.

But bottom line is, people are successfully cashing out thousands of dollars at a time without any problem other than long delays reported in getting their money. But if you get to where you are cashing out once a month, even if it takes three months to get your first one, when you stop cashing out you still have a few months of deposits coming :-)

So, have a good time, good luck, and go get your hofs!

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