We have used it in my dynasty league for going on our 3rd year and yes there are some fees associated. As a commish I like that it's a quick payout (last 2 years was a few days after Christmas) and it all is self contained.
From the site:
Paying in:
E-check only: All owners can make free payments via E-check (an electronic transfer from their bank account).
Credit/Debit or E-check: Owners can pay via credit or debit card, or via e-check (electronic bank transfer). A 4% processing feeapplies to all payment options with this option selected.
And of course if you have any funds already in your account (from winnings) you can apply free.
For withdrawing funds:
What are my payout options:
LeagueSafe offers Members a variety of methods for the payout of funds. The costs associated with each of these options are outlined below...
Virtual Visa Prepaid Card (Tango Card)
Winners get a prepaid Visa card through Tango prepaid cards
Claim code is delivered in an email from Tango
Once you click the redeemable link it directs you to Tango's website where you can choose to receive a physical card mailed to you (at a cost of $3.00), or a virtual card to use online (that is free)
Once this transaction is processed and the funds leave the Fanball Wallet system, we cannot do anything to change, alter or help with the prepaid cards
You can contact the Tango prepaid card customer service by the following methods.
Phone Monday — Friday
7:30am — 5:00pm PT
1 (877) 558-2646
(Messages will be answered in one business day)
Email Customer Service: cs@tangocard.com
Gift Card Option (also administered through Tango)
Much like the prepaid Visa, users get a claim code to select a gift card via an email
Click the claim code and are sent to Tango’s website where they can select one of dozens of gift cards (Amazon, Best Buy, etc.)
Again, we can’t help with funds once they leave the system. Tango's customer support (listed above) is your best option.
Printable E-Check (Deluxe) COST $3.00
This is a paper check that a user can print from their own printer
The delivery of said check comes in the form of an email from the Deluxe corporation
The check is written out in US currency
User receives a file and can print and cash the check at most banks
Be aware that there are a handful of US banks that won’t accept these checks
Paper Check (in the mail) COST $4.00
This is a paper check that is delivered via the US Postal Service
Paper checks are processed on the next business day (if you make a paper check withdrawal on Friday, it will mail out on Monday).
It usually takes about 7 days for a paper check to reach a member in the US
It normally takes an extra week to reach Canadian members
We do not have the ability to track the whereabouts of mailed paper checks
Electronic Transfer (ACH) COST $5.00
This is an electronic transfer to a US bank account, these transactions cannot be performed internationally
It usually takes 4-5 days for the transfer to complete
This payout method is only available to members who only use LeagueSafe
Hint: if you use Fanball, CDM or NFC you can receive ZERO FEE WITHDRAWALS FOR LIFE.
I live in the UK so had to contact customer service and they sent me a paper check and it cost me $4.
Hope this helps.
