League Safe (1 Viewer)

[Northbound Train]

Any of you Commishes use League Safe to house your league monies? I've pretty much moved all my leagues there and am now in the 2nd year. I can tell you it is absolutely the best thing that has happened to FF for the Commish.

No more chasing the league deadbeat year after year...no more waiting for all the checks in the mail or paypal fees...no more mailing out all the winnings and finding freaken stamps to do so....just real quick and easy.

With that said...being a Commish comes with no perks and sometimes big headaches. I've been Commish for 4-5 leagues annually and have never charged anything for the "Commish"...nor will I ever!!! However, I've made multiple suggestions to League Safe that have seem to have fallen on deaf ears...I DO get quick, timely repsonces but they are the usual "we're looking into it".

Here is my suggestion....I have asked that League Safe have a feature/option for all Owners to be allowed to "tip" their Commish whatever they want for all the hard work we put in year in, year out. I'm not a real PC tech type of guy but I'd have to think that would take all of a few minutes to add that option. Secondly, it's not coming out of their pockets. I'm making them money so I don't see what the problem is here.

If anybody else hears me on this please submit this suggestion to League Safe Customer Service.

 

[BroadwayG]

I'll act as league safe for you next year for half their cost. And I'll allow tips.

 

[the_vision]

Do they charge for the service? Can they handle leagues that pay multiple years in advance?

Thanks

 

[Bri]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

 

[dehaven123]

Do they charge for the service? Can they handle leagues that pay multiple years in advance?Thanks

no charge.yep, u can pay for yrs ahead.My startup dynasty is using it this yr, no problems so far.

 

[doowain]

I'm not a real PC tech type of guy but I'd have to think that would take all of a few minutes to add that option.

This is your problem. You aren't a "PC tech type guy", so I'll just tell you. I'm a web developer and it would definitely take more than "all of a few minutes". I run into your type all of the time when quoting jobs.....not surprising that they are ignoring you.

 

[Northbound Train]

Do they charge for the service? Can they handle leagues that pay multiple years in advance?Thanks

no charge.yep, u can pay for yrs ahead.My startup dynasty is using it this yr, no problems so far.

No charge They charge 3%...so for a league that has a $100 entry fee each owner must pay $103...well worth it

 

[Northbound Train]

I'm not a real PC tech type of guy but I'd have to think that would take all of a few minutes to add that option.

This is your problem. You aren't a "PC tech type guy", so I'll just tell you. I'm a web developer and it would definitely take more than "all of a few minutes". I run into your type all of the time when quoting jobs.....not surprising that they are ignoring you.

They have been very quick at responding to any inquiries...that's not a problem. Their customer service is some of the best I've seen.OK....so Mr. Web Developer...how long would that take

 

[Northbound Train]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

 

[doowain]

I'm not a real PC tech type of guy but I'd have to think that would take all of a few minutes to add that option.

This is your problem. You aren't a "PC tech type guy", so I'll just tell you. I'm a web developer and it would definitely take more than "all of a few minutes". I run into your type all of the time when quoting jobs.....not surprising that they are ignoring you.

They have been very quick at responding to any inquiries...that's not a problem. Their customer service is some of the best I've seen.OK....so Mr. Web Developer...how long would that take

Impossible for me to say, not knowing the infrastructure of their site. What I can say is....definitely longer than a few minutes. Clearly it's not worth their time to do it.

 

[doowain]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

Sure, throwing a button out there for you to clicky with your mousey might seem easy to you, but they'll have to develop an entirely new side to their system. They'll have to keep track of these "tips", add the ability for the commish to withdraw these funds, add security to protect these funds from those that aren't the commish, etc. There is much, much more than just dropping a button on a page. The infrastructure changes are very time consuming. Definitely more than a "few minutes".For something that will take a good amount of time to implement, where is the upside for them to do it? There is no guarantee that anyone will even use it. I can't imagine that it would be a very popular feature. It's not surprising at all to me that they haven't done this. It adds very little value to their product. The time spent vs. value added is just not something I see being worthwhile.You aren't a "paying customer", so be thankful they even shoot you back a "We're looking into it" email. Would you expect Paypal (or a similar site) to ignore their developers and listen to "not a PC tech guy" on new features for their website? LeagueSafe is no different.

 

[fsufan]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

 

[Northbound Train]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

Sure, throwing a button out there for you to clicky with your mousey might seem easy to you, but they'll have to develop an entirely new side to their system. They'll have to keep track of these "tips", add the ability for the commish to withdraw these funds, add security to protect these funds from those that aren't the commish, etc. There is much, much more than just dropping a button on a page. The infrastructure changes are very time consuming. Definitely more than a "few minutes".For something that will take a good amount of time to implement, where is the upside for them to do it? There is no guarantee that anyone will even use it. I can't imagine that it would be a very popular feature. It's not surprising at all to me that they haven't done this. It adds very little value to their product. The time spent vs. value added is just not something I see being worthwhile.

You aren't a "paying customer", so be thankful they even shoot you back a "We're looking into it" email. Would you expect Paypal (or a similar site) to ignore their developers and listen to "not a PC tech guy" on new features for their website? LeagueSafe is no different.

I am a paying customer. They take 3% from each and every Owner. I've moved 4 of my leagues there already. By quick calculations based on my league entry fees I figure they've made $250-300 off of my leagues alone. So, if adding a button that allows a league owner to tip the Commish out of their own money Idon't see the problem. They won't have to keep track of anything as it's not their money. All Owners have their own personal accounts there so if an Owner tipped out $50 it would just add to my account.

 

[Northbound Train]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

There are several options. You can extend the due date, you can impose league fees for late payment and best of all they have an "auto-nag" feature that you can turn on/off that sends an email DAILY to the Owners not paid up saying something along the lines of "don't be the league deadbeat"...once you're paid up those emails stop. YOu can now set your leagues up well, well in advance (upon my suggestion btw) so that guys can pay at their leisure. I had two winners in one of my leagues last year just roll their loot over and pay for this years league way back in January....great site, highly recommend

 

[fsufan]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

There are several options. You can extend the due date, you can impose league fees for late payment and best of all they have an "auto-nag" feature that you can turn on/off that sends an email DAILY to the Owners not paid up saying something along the lines of "don't be the league deadbeat"...once you're paid up those emails stop. YOu can now set your leagues up well, well in advance (upon my suggestion btw) so that guys can pay at their leisure. I had two winners in one of my leagues last year just roll their loot over and pay for this years league way back in January....great site, highly recommend

i run 3 dynasty leagues, league fee is June 1st. can I set up the due date for this date?

 

[Northbound Train]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

There are several options. You can extend the due date, you can impose league fees for late payment and best of all they have an "auto-nag" feature that you can turn on/off that sends an email DAILY to the Owners not paid up saying something along the lines of "don't be the league deadbeat"...once you're paid up those emails stop. YOu can now set your leagues up well, well in advance (upon my suggestion btw) so that guys can pay at their leisure. I had two winners in one of my leagues last year just roll their loot over and pay for this years league way back in January....great site, highly recommend

i run 3 dynasty leagues, league fee is June 1st. can I set up the due date for this date?

You should be able to set up that league right now and certainly set June 1st as the deadline date. That's around the same date we just used for our Dynasty. All guys were paid up before the rookie/FA draft

 

[fsufan]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

There are several options. You can extend the due date, you can impose league fees for late payment and best of all they have an "auto-nag" feature that you can turn on/off that sends an email DAILY to the Owners not paid up saying something along the lines of "don't be the league deadbeat"...once you're paid up those emails stop. YOu can now set your leagues up well, well in advance (upon my suggestion btw) so that guys can pay at their leisure. I had two winners in one of my leagues last year just roll their loot over and pay for this years league way back in January....great site, highly recommend

i run 3 dynasty leagues, league fee is June 1st. can I set up the due date for this date?

You should be able to set up that league right now and certainly set June 1st as the deadline date. That's around the same date we just used for our Dynasty. All guys were paid up before the rookie/FA draft

thanks for the info. definitely going to look into using this. any of your owners balk about using this site?

 

[doowain]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

Sure, throwing a button out there for you to clicky with your mousey might seem easy to you, but they'll have to develop an entirely new side to their system. They'll have to keep track of these "tips", add the ability for the commish to withdraw these funds, add security to protect these funds from those that aren't the commish, etc. There is much, much more than just dropping a button on a page. The infrastructure changes are very time consuming. Definitely more than a "few minutes".For something that will take a good amount of time to implement, where is the upside for them to do it? There is no guarantee that anyone will even use it. I can't imagine that it would be a very popular feature. It's not surprising at all to me that they haven't done this. It adds very little value to their product. The time spent vs. value added is just not something I see being worthwhile.

You aren't a "paying customer", so be thankful they even shoot you back a "We're looking into it" email. Would you expect Paypal (or a similar site) to ignore their developers and listen to "not a PC tech guy" on new features for their website? LeagueSafe is no different.

I am a paying customer. They take 3% from each and every Owner. I've moved 4 of my leagues there already. By quick calculations based on my league entry fees I figure they've made $250-300 off of my leagues alone. So, if adding a button that allows a league owner to tip the Commish out of their own money Idon't see the problem. They won't have to keep track of anything as it's not their money. All Owners have their own personal accounts there so if an Owner tipped out $50 it would just add to my account.

Not all commissioners are owners.ETA: You can withdraw without being charged fees. So, it's your fault you are a "paying customer".

 

[Northbound Train]

i have been running leagues for 13 years now. collecting fees is the BIGGEST pain for a commish. i am thinking about using league safe for my 3 leagues next year. question. what if an owner does not pay by the due date?

There are several options. You can extend the due date, you can impose league fees for late payment and best of all they have an "auto-nag" feature that you can turn on/off that sends an email DAILY to the Owners not paid up saying something along the lines of "don't be the league deadbeat"...once you're paid up those emails stop. YOu can now set your leagues up well, well in advance (upon my suggestion btw) so that guys can pay at their leisure. I had two winners in one of my leagues last year just roll their loot over and pay for this years league way back in January....great site, highly recommend

i run 3 dynasty leagues, league fee is June 1st. can I set up the due date for this date?

You should be able to set up that league right now and certainly set June 1st as the deadline date. That's around the same date we just used for our Dynasty. All guys were paid up before the rookie/FA draft

thanks for the info. definitely going to look into using this. any of your owners balk about using this site?

Nope...very user friendly for all.

 

[Northbound Train]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

Sure, throwing a button out there for you to clicky with your mousey might seem easy to you, but they'll have to develop an entirely new side to their system. They'll have to keep track of these "tips", add the ability for the commish to withdraw these funds, add security to protect these funds from those that aren't the commish, etc. There is much, much more than just dropping a button on a page. The infrastructure changes are very time consuming. Definitely more than a "few minutes".For something that will take a good amount of time to implement, where is the upside for them to do it? There is no guarantee that anyone will even use it. I can't imagine that it would be a very popular feature. It's not surprising at all to me that they haven't done this. It adds very little value to their product. The time spent vs. value added is just not something I see being worthwhile.

You aren't a "paying customer", so be thankful they even shoot you back a "We're looking into it" email. Would you expect Paypal (or a similar site) to ignore their developers and listen to "not a PC tech guy" on new features for their website? LeagueSafe is no different.

I am a paying customer. They take 3% from each and every Owner. I've moved 4 of my leagues there already. By quick calculations based on my league entry fees I figure they've made $250-300 off of my leagues alone. So, if adding a button that allows a league owner to tip the Commish out of their own money Idon't see the problem. They won't have to keep track of anything as it's not their money. All Owners have their own personal accounts there so if an Owner tipped out $50 it would just add to my account.

Not all commissioners are owners.ETA: You can withdraw without being charged fees. So, it's your fault you are a "paying customer".

All Owners MUST pay 3% on top of their league fee.

 

[wudaben]

Only reason I've never used their service is the guys in our leagues are used to getting weekly high points checks and they only allow payouts at the end of the season. With the advent of online bill pay with many banks we just use that to pay out winnings and don't have to deal with the mailing charges any longer.

 

[doowain]

Not all commissioners are owners.

ETA: You can withdraw without being charged fees. So, it's your fault you are a "paying customer".

All Owners MUST pay 3% on top of their league fee.

https://www.leaguesafe.com/faq.aspx#8Is LeagueSafe really free?

Yes. LeagueSafe allows your league to deposit and withdraw funds several different ways, including options without fees. We encourage you to walk through the setup process, and see for yourself.

 

[Northbound Train]

Only reason I've never used their service is the guys in our leagues are used to getting weekly high points checks and they only allow payouts at the end of the season. With the advent of online bill pay with many banks we just use that to pay out winnings and don't have to deal with the mailing charges any longer.

That's my biggest gripe as well. I host a Survivor Pool there as well and while it's still going it could very well have been done for a few weeks now...and not paying the winner until seasons end is something I would like to see adjusted.

 

[Northbound Train]

Not all commissioners are owners.

ETA: You can withdraw without being charged fees. So, it's your fault you are a "paying customer".

All Owners MUST pay 3% on top of their league fee.

https://www.leaguesafe.com/faq.aspx#8Is LeagueSafe really free?

Yes. LeagueSafe allows your league to deposit and withdraw funds several different ways, including options without fees. We encourage you to walk through the setup process, and see for yourself.

I forgot about that....IIRC, in order for it to be completely free everybody much deposit by check I believe. Not an option for my crew... Credit Card it is...and thus the 3%

 

[doowain]

Not all commissioners are owners.

ETA: You can withdraw without being charged fees. So, it's your fault you are a "paying customer".

All Owners MUST pay 3% on top of their league fee.

https://www.leaguesafe.com/faq.aspx#8Is LeagueSafe really free?

Yes. LeagueSafe allows your league to deposit and withdraw funds several different ways, including options without fees. We encourage you to walk through the setup process, and see for yourself.

I forgot about that....IIRC, in order for it to be completely free everybody much deposit by check I believe. Not an option for my crew... Credit Card it is...and thus the 3%

Yep. Doesn't have to be a paper check though. You can transfer from your bank account using an E-check.

 

[dehaven123]

Do they charge for the service? Can they handle leagues that pay multiple years in advance?Thanks

no charge.yep, u can pay for yrs ahead.My startup dynasty is using it this yr, no problems so far.

No charge They charge 3%...so for a league that has a $100 entry fee each owner must pay $103...well worth it

I dont remember us having to pay... pretty sure there was a no pay way to do it.

 

[rocketsauce]

I have a few questions about leaguesafe and my league's structure and payout process that I wasn't able to answer myself through their website and setup process. Hopefully a commish that is familiar with it can help me:

In my league, everybody pays 200 dollars up front. 100 of this is your entry (minus 5 dollars for the hosting service), and 100 is your Free Agent Acquisition Budget & Trade Fund. In our FAAB, you're bidding with real money, and every trade costs 5 dollars per team. At the conclusion of the season, whatever money you haven't spent from that 2nd 100 dollars is refunded to you. If you spend more than the 100, you then have to put in the additional amount. My questions for league safe:

1. Will it be an issue paying out a majority of the league? Obviously there will be the prizes for the winners, but then I'll have 20 and 30 dollars here and there as a refund to owners that did not use all of their FAAB money. Is there any limit to how many owners you can pay out, and when arranging payouts, are you specifying the exact amount, or a percentage of the pot or something like that. (This is the main problem I have, as you can't actually SEE the payout screen on leaguesafe until all of your deposits are collected and the season is underway.)

2. Would it be possible to have my owners that spend over their allotted 100 dollars put more money into the leaguesafe account at the conclusion of the season, without incurring late fees or what not? Would anyone with experience at leaguesafe have a proposal how this aspect would be handled? For instance this year we had about 300 additional dollars OVER that spending limit that had to be collected at the end of the season from some trade-happy owners. Would I be stuck and just have to distribute from the leaguesafe pot and from a separate old school collection pot to the winners? This is a major hangup for me, so hopefully somebody can provide some info.

Thanks alot to anyone that can respond or help me with any of these questions. Let me know if you need clarification on what exactly it is that I am asking.

 

[Anjin-san]

Rocketsauce, I commish 3 leagues using League Safe.

Regarding your first issue, I don't see a problem with this. At the end of the season, your league will have a League Balance. You then choose to allocate out any portion of this balance to winners (could be the whole balance, or could be a partial balance if owners deposited funds for future seasons). There is no limit to the number of winners. You specify the exact dollar amount. As a bonus, if someone is paid only a small piece that's not really worth withdrawing as winnings, like $10 or whatever, they can leave it in their own personal League Safe account to be used for the next season's league dues.

For your second issue, there is an option at the end of the season for the commissioner to assign additional fees to owners for in-season transactions. The owners would then pay these fees to the league's League Safe balance. Those fees just become part of the regular league balance, from which you distribute the league's winnings.

Hope this helps.

 

[rocketsauce]

Thanks for the help. Seems like a no-brainer then that we need to convert and stop passing checks back and forth through the mail.

 

[rocketsauce]

Let me hit you leaguesafe commishes with one more question:

I saw on the LeagueSafe website that if an owner pays after the due date, they take a 10 dollar penalty. I assume this penalty goes to LeagueSafe, and not to your league's pot? And on that same subject, lets say I set a due date of 1 week prior to the Draft, in the interest of getting everybody on board and confirmed before we do all that jazz. My plan would be to tell my owners that if they haven't paid by that due date, they'll be replaced. Would a potential replacement owner that paid "late" at that point be subject to the 10 dollar late fee?

 

[Northbound Train]

Let me hit you leaguesafe commishes with one more question:I saw on the LeagueSafe website that if an owner pays after the due date, they take a 10 dollar penalty. I assume this penalty goes to LeagueSafe, and not to your league's pot? And on that same subject, lets say I set a due date of 1 week prior to the Draft, in the interest of getting everybody on board and confirmed before we do all that jazz. My plan would be to tell my owners that if they haven't paid by that due date, they'll be replaced. Would a potential replacement owner that paid "late" at that point be subject to the 10 dollar late fee?

I've had a few guys pay after the deadline with no LS or Commish imposed fees...it is set up (I believe) to impose them if you choose but LS has never charged any of my guys additional fees.They have a nice "deadbeat" feature that the Commish can turn on. I turn it on about a month before our deadline in which LS sends an email everyday to the Owner reminding them that owe and not to be the "league deadbeat"...once they've paid the email to that owner stops...great feature. As a Commish, you also get an email when an Owner makes a payment. Highly recommended even if they still refuse to help out the Commishes

 

[Hipple Long Ware & Peete]

Train, them being guarded about making changes seems comforting to me. I do see how it wouldn't be to you, but it reeks of security so I like it. My initial reaction was "yeah why not?" when seeing your post, but now, why do they need to be involved in tips? I think ultimately they'll just tell people to use paypal or somesuch for tips. I know being commish and asking for tips doesn't seem too good of a spot to be in either, but "extra money" is not what they're about.

They really don't need to be involved whatsover. It's not their money so it shouldn't be an issue if a $1500 winner wants to tip the Commish $50 or so. Seems real simple to me.

Sure, throwing a button out there for you to clicky with your mousey might seem easy to you, but they'll have to develop an entirely new side to their system. They'll have to keep track of these "tips", add the ability for the commish to withdraw these funds, add security to protect these funds from those that aren't the commish, etc. There is much, much more than just dropping a button on a page. The infrastructure changes are very time consuming. Definitely more than a "few minutes".For something that will take a good amount of time to implement, where is the upside for them to do it? There is no guarantee that anyone will even use it. I can't imagine that it would be a very popular feature. It's not surprising at all to me that they haven't done this. It adds very little value to their product. The time spent vs. value added is just not something I see being worthwhile.

You aren't a "paying customer", so be thankful they even shoot you back a "We're looking into it" email. Would you expect Paypal (or a similar site) to ignore their developers and listen to "not a PC tech guy" on new features for their website? LeagueSafe is no different.

I am a paying customer. They take 3% from each and every Owner. I've moved 4 of my leagues there already. By quick calculations based on my league entry fees I figure they've made $250-300 off of my leagues alone. So, if adding a button that allows a league owner to tip the Commish out of their own money Idon't see the problem. They won't have to keep track of anything as it's not their money. All Owners have their own personal accounts there so if an Owner tipped out $50 it would just add to my account.

why don't you just do this yourself with paypal or twitpay? It's frankly easier for you than them. And you are the one that seems to care.

 

[JohnnyU]

Even though Leaguesafe doesn't report winnings to the IRS, but winnings are paid with a prepaid VISA card and VISA has not promised to keep this information confidential nor from the IRS and there is no reason to believe that if asked they would not provide it.

LeagueSafe will not allow you to use a PO BOX, you have to provide a street address (which will instantly link your winnings to that address and if that is the same address you file your tax return on, the IRS will instantly have that information).

Bottom line, you win a few small leagues, no problem. The government doesn't care about $500-$1000 and doesn't have time to deal with it - but Fantasy Football winnings are classified as reportable and taxable income. If your winnings go into several thousand and you don't report it, expect a letter from the IRS for back taxes (with penalities and interest charged).

- This info was provided to me from another board member.

 

[blend]

I was going to switch this year for the leagues I commish. I'm holding some "carry-over" cash for some of the teams that were in the money this year to go toward their '11 dues.

Is it simple enough to add all those carry-over monies into a pot and say Team A's portion of that pot makes it so their dues this year are 0 and Team B's portion of that pot makes it so their dues are $50????

 

[Neil Beaufort Zod]

I think League Safe is a great idea but it's something I probably wouldn't use myself.

While that sounds contradictory, I mean that the money leagues I'm in are hometown leagues where everyone knows each other. There's really no worry about the commish running off with the cash or whatever.

Now, if I decided to play in a high-stakes league or an online league where I didn't know people, I would require that League Safe would be used or I wouldn't play.

So while I don't have use for it myself I think it's a great thing and part of the maturity of our hobby. And if I did get into something different where I didn't know people, it would be a deal-breaker for me. I've seen too many people here start threads where we can't really say anything but "sorry, man." I don't want to be the next victim.

 

[rocketsauce]

I was going to switch this year for the leagues I commish. I'm holding some "carry-over" cash for some of the teams that were in the money this year to go toward their '11 dues. Is it simple enough to add all those carry-over monies into a pot and say Team A's portion of that pot makes it so their dues this year are 0 and Team B's portion of that pot makes it so their dues are $50????

From what I've read and learned while I'm studying up on LeagueSafe, this should not be a problem. You can set different entry amounts for different owners in your league. So for Team A their entry could be 0, Team B's could be 50, and you could set your entry at whatever you owe + the carry-over monies, to get them all into the initial pot. My league that I'm pursuing LeagueSafe is a league of friends (and friends of friends) that have gradually grown apart. For the 2nd straight year we've had an owner drag their feet on sending me their check (and it is just my fault as much as theirs for not being a #### with them back at Draft Day and making them pay) and my good owners are getting a little tired of the waiting game, and want to put something in place to make sure we get payments in on time. As a personal note, I don't like having 2000 dollars in my possession that isn't actually mine (although the accrued interest is nice)

 

[fsufan]

anyone use wepay

https://www.wepay.com/

 

[Hipple Long Ware & Peete]

someone in the aquil thread alluded that NEVER use LS and seemed adamant about it. anyone know why?

 

[Hipple Long Ware & Peete]

anyone use wepay

https://www.wepay.com/

seems to have a lot more fees.

Fees

WePay is free to signup, create groups, and receive payments.

Users pay a small fee each time they pay money into a group's account. Transfers out of a group's account are free!

Sending Bills

When sending a bill, a group has two options for how recipients can pay.

Option 1: Recipients may only pay with a bank account: 50¢

Option 2: Recipients have a choice. They can pay with either a bank account or their credit card: 3.5% (or 50¢, whichever is greater)

Selling Tickets

There is a 3.5% fee (50¢ min) on all tickets.

Accepting Donations

There is a 3.5% fee (50¢ min) on all donations.

Deposits

With a bank account: 50¢

With a credit card: 3.5% (50¢ min)

WePay Prepaid Visa® Card

Shipping & Handling: $5.00

Domestic ATM Cash Withdrawal Fee: $1.50

International ATM Cash Withdrawal Fee: $1.50

Overdraft Fee: $10.00

Replacement Card Fee (for lost or stolen cards): $10.00

Expired Card Reissue Fee: $15.00

 

[Bri]

The owner of League Safe, Paul Chaucharian(sp?) is a good egg. A guy that's been quite influential to the FF industry- someone I imagine many (if not all) FF site owners think highly of too.

Paul is not going anywhere. He has a fantastic reputation and I'd swear he's on TV and radio.

I don't know WePay.com. I don't know LetUsHoldYourFFMoneyForYou.com either. There are so many threads here every year and even more stories of people getting ripped off. You have got to be kidding me if you are going to go away from Paul's site out of curiosity.

If you want to switch to a bank or somesuch that's one thing. Paul's not the only game in town. But don't do it out of curiosity that is just plain silly.

 

[FantasyTrader]

someone in the aquil thread alluded that NEVER use LS and seemed adamant about it. anyone know why?

I saw that too and was interested in knowing more so I searched "+person you're referring to +leaguesafe" and found this.I think the gist of his argument was that he doesn't want the IRS knowing about his fantasy winnings, thus having to pay taxes.

 

[Black]

why don't you just do this yourself with paypal or twitpay? It's frankly easier for you than them. And you are the one that seems to care.

PayPal will also require something like 3% for credit card payment. If the user has a PayPal account with positive balance (or does a bank transfer), then it's no charge. To accept credit card payments, the commish would need to setup his PayPal account to do so (you have to associate your PayPal account with a Savings Account). I created a small savings account as my Fantasy Football account and used that.

 

[footballsavvy]

Is it classified as a real financial institution with FDIC protection? It seems that I have heard tale of a similar site in the past going out of business mid-season and everyone losing their money with no recourse.

I used leaguesafe once last season for a playoff league, but the stakes were small and the money was only in there for a month and a half. I'm hesitant to send off thousands to them and let it sit there for nearly a year at a time.

 

[FantasyMan]

Is it classified as a real financial institution with FDIC protection? It seems that I have heard tale of a similar site in the past going out of business mid-season and everyone losing their money with no recourse.

I used leaguesafe once last season for a playoff league, but the stakes were small and the money was only in there for a month and a half. I'm hesitant to send off thousands to them and let it sit there for nearly a year at a time.

I have no stake in this argument one way or the other, but think about it for a second, does it really matter if the money is FDIC insured?With that said, Leaguesafe itself is not a financial institution, but they are partnered with FDIC insured banks where they deposit the money and earn the return in order to make their profit.

 

[Bri]

Does the sale of Fanball have any effect on LeagueSafe?

 

[footballsavvy]

Is it classified as a real financial institution with FDIC protection? It seems that I have heard tale of a similar site in the past going out of business mid-season and everyone losing their money with no recourse.

I used leaguesafe once last season for a playoff league, but the stakes were small and the money was only in there for a month and a half. I'm hesitant to send off thousands to them and let it sit there for nearly a year at a time.

I have no stake in this argument one way or the other, but think about it for a second, does it really matter if the money is FDIC insured?With that said, Leaguesafe itself is not a financial institution, but they are partnered with FDIC insured banks where they deposit the money and earn the return in order to make their profit.

Why would it not matter? There's not some kind of deductible on FDIC insurance. If the site were classified as a bank and backed by the FDIC then it would be good to know I get my money back if they bankrupt. Worse case, payouts would be delayed awhile.

 

[blend]

I was going to switch this year for the leagues I commish. I'm holding some "carry-over" cash for some of the teams that were in the money this year to go toward their '11 dues. Is it simple enough to add all those carry-over monies into a pot and say Team A's portion of that pot makes it so their dues this year are 0 and Team B's portion of that pot makes it so their dues are $50????

Update for anyone who may care or be trying this out for the first time.I just switched my 3 leagues over. In 2 of the 3 leagues I had winnings from teams that "carried-over" to '11. After setting up the league on leaguesafe, it was very simple to take all those carry-over dollars and apply them to each team. Only thing I'd recommend is that when you're setting up the league, show that all teams owe the full dues for the year (as opposed to saying Team A had his dues carry-over and therefore owes 0)... Then AFTER the initial setup, go in and make a deposit. When you make a deposit as commissioner, it asks which teams are you "paying" for. So, while not all teams had their dues paid in full, it was easy enough to pay partial dues for them.Downsides: 1. I setup the league to accept credit cards from everyone even though I'd be using e-checks. When I made the deposits for the two leagues, it cost over $20 in fees. (I was depositing just under $700). If I had it to do over-again... I'd setup the league for the e-check only option -- which if I'm remembering correctly does not have the fees associated with it -- then after making my initial deposits, I'd switch the league to accept Credit Cards. I'm not sure if that'll work, but we'll see. In the future, I dont' think fees will be a big deal b/c I'll be paying only for myself. Since this was the initial setup and I had a lot of carry-over, the fees seem higher than they would otherwise be.2. Payment to MFL: I'm not sure how exactly this is going to work, but you're not able to withdraw funds for MFL until your payment deadline passes. Frankly, I'd rather pay for the MFL site as soon as possible to get the early discounts IF I have money in the league to cover it -- I would rather not wait until after the deadline to pay to be able to do it. I understand why it is setup that way, but I'd prefer the option of being able to pay for MFL as soon as there is enough monies from the league to do it. As a work-around, I'll probably adjust the deadline to be much earlier -- make the payment to MFL -- go back into leaguesafe and re-adjust the deadline (not sure if that'll work though). I also left it as the default - up to $180 to pay for the league site, even though I know it'll be closer to $60 on MFL. I didn't want to change b/c leaguesafe stated on their site that if i changed it from the default of up to $180 to anything else, that it would require a league vote. Which seems silly if you're making the amount less than $180.So, other than the fees and the uncertainty about paying for the MFL sites, everything went smoothly and I'm glad to be rid of tracking fees for all 3 of my leagues. Hopefully, it is smooth for all the league owners as well.

 

[Charch]

Hey, everyone. As some of you know, I'm the owner of LeagueSafe. First off, many thanks for the LeagueSafe topics. Never hesitate to reach out to me when these topics come up. You can reach me through the forum messaging system. There are a bunch of good topics in this thread, and I'm going to answer all the open questions.

Here is my suggestion....I have asked that League Safe have a feature/option for all Owners to be allowed to "tip" their Commish whatever they want for all the hard work we put in year in, year out. I'm not a real PC tech type of guy but I'd have to think that would take all of a few minutes to add that option. Secondly, it's not coming out of their pockets. I'm making them money so I don't see what the problem is here.

The tipping system IS definitely on our enhancement list. Talking to our operations manager, I'm told that the number of requests for this has not been high, but it's still a good idea. Coding it is not trivial, but not a massive undertaking either, provided the tips come from a winner's positive balance. It would become very tough to code if it needed to support payment processing (Visa, e-check, etc...), especially since with all of our safety rules against fraud, money laundering, Patriot Act, etc...Charch

 

[Charch]

Do they charge for the service? Can they handle leagues that pay multiple years in advance?

Thanks

no charge.yep, u can pay for yrs ahead.

My startup dynasty is using it this yr, no problems so far.

No charge They charge 3%...so for a league that has a $100 entry fee each owner must pay $103...well worth it

To be clear about the 3% charge, it's only on deposits made by credit card, and it offsets the costs that the credit card companies charge us. So, the only people making money on that 3% is the credit card company, not us.When you make a deposit by e-check, or balance transfer, there are no fees. (Well, there are costs, but we eat them.)

Since we're returning 100% of your league's fees, we can't possibly eat the 3% fee that we're hit with when payments are made by credit card. I hope people can understand that.

 

[Charch]

why don't you just do this yourself with paypal or twitpay? It's frankly easier for you than them. And you are the one that seems to care.

PayPal will also require something like 3% for credit card payment. If the user has a PayPal account with positive balance (or does a bank transfer), then it's no charge. To accept credit card payments, the commish would need to setup his PayPal account to do so (you have to associate your PayPal account with a Savings Account). I created a small savings account as my Fantasy Football account and used that.

The reason to use LeagueSafe over PayPal is that we're honed specifically for fantasy use. There are several advantages to this, most notably that league funds are locked down during the season, which means that the commissioner isn't spending league money. And, that league owners can validate the allocation of funds at the end of the year, so the commissioner can't do anything shaky with the winnings. There are several threads here on FBG that deal with owners getting ripped off by commissioners, usually people they don't personally know. PayPal has no way to block that from happening. In almost every case, the commissioner spent the money.