How Real/Safe in entropia?

nomad19

Young
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Jan 15, 2012
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I know it sounds like a dumb question, and that people in vids have said they pulled out like 90 grand when they quit, I'm doubtful. I will deposit and play for a while, I'm not going to sweat forever and expect huge money. But if I ever get bored of this game, chip out, and quit in maybe 5-10 years, can I actually pull out over 10k USD (assuming my account reaches that value.) I know there is like a 10% tax when you withdraw or deposit, but will they really pay out a huge figure. I have read a lot but I want to hear it from someone who knows. Seems a little to good to be true, to get a fair return when I quit. And Is there a way to withdraw without giving bank info, as that is not a safe option? Thx for responses.
 
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1. there's no 10% deposit fee like you seem to think.
2. I can't personnaly confirm about cashing out +10k$ as I'm still playing, but I did do a 22.5k ped withdrawl wo too much problems & know of some higher end players that pulled out way more.
3. Don't you think that if an uber player left & couldn't get his withdrawl fixed you would read it all over the forums?
4. The 10% withdrawl fee is incorrect. The minimum fee is 100 ped on a 1k withdrawl making it 10%.
On larger withdrawls the fee is 1% with a min of 100 ped.
EDIT : just make sure you use 100% accurate info towards MA
I've known ppl who gave up their cat's name as real name & that kinda didn't work to withdrawl
 
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Simplified response: It's a mixture of luck and your style of gameplay (I.e. What you do)
Yes, I do know, my account's been around for years already and I only just recently discovered a thing called efficiency. Imagine that :laugh:
I'm sure someone would love to go into more detail (which they already have) with you, I just felt compelled to respond :D

Edit: It's very difficult to get in a position to withdraw large amounts of money without depositing an equivalent/larger amount (difficult, but possible) in the first place, so whatever your decision, good luck
 
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I have made a +20k peds +$2k USD withdrawal, and made alot of depositis, but ofc the deposit system works


Regards Inno :)
 
Simplified response: It's a mixture of luck and your style of gameplay (I.e. What you do)
Yes, I do know, my account's been around for years already and I only just recently discovered a thing called efficiency. Imagine that :laugh:
I'm sure someone would love to go into more detail with you, I just felt compelled to respond :D

You should of been compelled to actually read first :)
 
1. there's no 10% deposit fee like you seem to think.
2. I can't personnaly confirm about cashing out +10k$ as I'm still playing, but I did do a 22.5k ped withdrawl wo too much problems & know of some higher end players that pulled out way more.
3. Don't you think that if an uber player left & couldn't get his withdrawl fixed you would read it all over the forums?
4. The 10% withdrawl fee is incorrect. The minimum fee is 100 ped on a 1k withdrawl making it 10%.
On larger withdrawls the fee is 1% with a min of 100 ped.
EDIT : just make sure you use 100% accurate info towards MA
I've known ppl who gave up their cat's name as real name & that kinda didn't work to withdrawl


:newbie::wise::wise::wise:
Pretty much what he said, yep.
And, don't expect to become a millionaire overnight. But good luck in your chosen path, to me that's what makes the game as good as it is -> you choose your path.
Boo.
 
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Your money is safe !!!

I have heard a few new people mention in open chat they they are concerned their money might not be safe in EU.

I have been in EU over 6 years and never had a problem with money in or money out. I have a gold card, which you can get free of charge once you have deposited $500.

I have withddrawn 3 times.

Once, when I reduced the size of items I held, so decided to take this money back.
second time, when I had a very long streak of bad luck, so wanted to make a statement.
And the last time was last year when I deposited 25,000 peds hoping to buy a mothership, but this didn't work out, so I withdrew those peds again.


The point is your money is VERY safe within EU, and you should have every confidence in the system. Get a gold card if you have losts of value in your avatar. It all adds up, clothes guns, armour etc etc.

If you are totally new, you can have hours of fun on small mobs for $10 with an opalo, or even rookie weapons at the trade terminal (tt). you don't have to sweat for weeks on end. $10 is not much for the fun in return.

Enjoy it out there.

Rick
 
sorry I forget to add.

You have to withdraw to a valid bank account in your real name. This is a legal rule as I understand it to make sure no money laundering goes on, and nothing to do with Mindark

So Mindark hold my bank account number real name and real address, and I am confident this information is safe in their hands.

If you have not put your real address against your avatar, you can always login via the website and update your personal details.

you will need to notify Mindark if you didn't give your real name though, as you can not amend this. This is why some people had minor issues withdrawing in the past. But that was not Mindarks fault, it was administrative. It all worked out in the end for those people.

If you plan to depo and withdraw you need to had over real name and address from the start.

Hope helps

Rick.
 
1. Many players has withdrawn significant amounts. Just remember, it will take month or two, or maybe even more.
2. About safety - personally, I feel PED much stable than even USD or any other currency.
 
I feel PED much stable than even USD or any other currency.

A virtual currency tied 10:1 to the USD is more stable than the USD? Shouldn't it be the same for those two? :laugh:
 
entropia is much safe then any bank if you ask me..and your taxes info's are wrong mate. You dont have any tax when you deposit...and only 1% when you withdraw..or less. And many people withdrawed alot more then 10k$. These guys, MA..in my eyes..are alot more serios then many banks.
 
Like das said, if any big investors had sold out and not got their money it'd be all over the forums. Pham for instance pretty much sold out everything and left in a most disgruntled state. He never complained about not receiving his money though. Withdrawals take quite a while but as long as MA are in business they will come. If MA went bankrupt, who knows what'd happen.

Like Rick said, get a GoldCard. MA can only look after your money if you do too.

personally, I feel PED much stable than even USD

Huh? :eyecrazy:
 
A virtual currency tied 10:1 to the USD is more stable than the USD? Shouldn't it be the same for those two? :laugh:

In case of USD crash (cmon, just an example, don't start that political shit) - PED will be tied to another piece of paper. What now?

Times, when money was backed by gold reserves has ended in previous century. Money is just a piece of paper. Well, for some it more significant than binary, for me - PED I like more.

We can further that discussion, but I will go ahead and say - we all gonna die in the end, what next - is the question. But nothing is "stable". Even our points of view changes.
 
How safe is your money in a casino that you are walking around in after you've traded in the cash in your wallet for Poker Chips?...

A lot depends on you and your spending/gambling habbits.

An obsessive gambler's money is only as safe as he lets it be, no matter how many security cameras are watching the floor.
 
How safe is your money in a casino that you are walking around in after you've traded in the cash in your wallet for Poker Chips?...

A lot depends on you and your spending/gambling habbits.

An obsessive gambler's money is only as safe as he lets it be, no matter how many security cameras are watching the floor.

He asking about other "safety".
 
How safe is your money in a casino that you are walking around in after you've traded in the cash in your wallet for Poker Chips?...

A lot depends on you and your spending/gambling habbits.

An obsessive gambler's money is only as safe as he lets it be, no matter how many security cameras are watching the floor.

Not that word again. I wanna rip my eyes :eyecrazy:
 
How Safe ?

Would you give your money to a bank in a country, which sells his land (beginning of the end)

Or would you give your money to a bank, which promise you 25 % a year?

I spend a lot money on this game, but in my opinion its dying. If you have a healthy business, why try to get fast money for horrible losses (again, 25 % a year for land deeds) and why sell your proberty (land deeds)

If i would trust the game i would sell my flat, buy 1000 Land deeds and would get enourmous interest rates :yay:

Even is a company which is in the EU, there is absolut no security for your money, even some day the will go to the European Court, because of illegal gambling :)

Anyone play onlinepoker? look at the company gets closed for a while.

Sorry for my bad english.
 
How Safe ?

Would you give your money to a bank in a country, which sells his land (beginning of the end)

Or would you give your money to a bank, which promise you 25 % a year?

I spend a lot money on this game, but in my opinion its dying. If you have a healthy business, why try to get fast money for horrible losses (again, 25 % a year for land deeds) and why sell your proberty (land deeds)

If i would trust the game i would sell my flat, buy 1000 Land deeds and would get enourmous interest rates :yay:

Even is a company which is in the EU, there is absolut no security for your money, even some day the will go to the European Court, because of illegal gambling :)

Anyone play onlinepoker? look at the company gets closed for a while.

Sorry for my bad english.

Maybe MA wanted to sell Calypso as it could be seen as an unfair advantage over other planetpartners
 
I know it sounds like a dumb question, and that people in vids have said they pulled out like 90 grand when they quit, I'm doubtful. I will deposit and play for a while, I'm not going to sweat forever and expect huge money. But if I ever get bored of this game, chip out, and quit in maybe 5-10 years, can I actually pull out over 10k USD (assuming my account reaches that value.) I know there is like a 10% tax when you withdraw or deposit, but will they really pay out a huge figure. I have read a lot but I want to hear it from someone who knows. Seems a little to good to be true, to get a fair return when I quit. And Is there a way to withdraw without giving bank info, as that is not a safe option? Thx for responses.

EU is as real as the banks, as the stocks you buy into, as the brands you pay top dollar for.

In other words, it exists for now and many don't want to think of any other outcome. Yes, you can withdraw loads if you develop a nice avatar. Yes, you might even hit the jackpot and withdraw loads without much investment.

After all, anything's possible right? The point being you have to work it out for yourself.. what you wanna spend, what you wanna do ingame and how you do it.

For me, the beauty in life is not that anything lasts forever, but that we humans want it to.

Enjoy gaming and try not to fret :)
 
How safe is your money in a casino that you are walking around in after you've traded in the cash in your wallet for Poker Chips?...

A lot depends on you and your spending/gambling habbits.

An obsessive gambler's money is only as safe as he lets it be, no matter how many security cameras are watching the floor.

I think he wants to know how probable it is that you can trade your chips back to real cash after you're done playing.
 
Money deposited in EU is definitely not as safe as money that's deposited into a CD or savings account. Many countries have something which is called "deposit insurance", which protects bank depositors in full or in part, in the case of a bank not being able to pay its debts. For instance, in the United States, the insurance limit is $250,000.

I'm balking at the people here who say their money is as safe or safer in EU than in a savings account backed by deposit insurance. The only thing you as a depositor have is the EULA, which states that if MA goes bankrupt, MA does not have to pay you one cent.

Let us not forget MA's past failed attempt in getting a banking license. Until that time comes, which may not ever, be careful what you wish for.
 
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IF you have a lot of money at some point, THEN you can indeed withdraw, provided MA/FPC hasn't gone bust by then.

But I think your first paragraph already shows you are aware that this isn't really something you need to worry about. Play the game, have fun, and consider any deposit a "consumption spending" and not an "investment", and you'll be good.

And don't get drunk with your banking codes nearby, while the CLD auction is happening ;)
 
I thought if something does happen to MA/EU, you are guaranteed the TT value of your items? Guess that's not true?
 
I thought if something does happen to MA/EU, you are guaranteed the TT value of your items? Guess that's not true?
Only, specifically with regards to transactions that have taken place within the previous six months.
 
Only, specifically with regards to transactions that have taken place within the previous six months.

So i'm only entitled TT value of stuff that I looted and/or player traded and/or got from auction/shop within the last 6 months? Doesn't bother me because I don't foresee this game failing/it coming to that point, but thats pretty weird they made it that way, has a total TT value of an item ever been changed by MA?
 
How Safe ?
Would you give your money to a bank in a country, which sells his land (beginning of the end)

Bad analogy. MA doesn't sell "land".

Or would you give your money to a bank, which promise you 25 % a year?

True, never. Actually, I don't trust IRL banks at all, and doesn't matter of %, I even doesn't keep significant amounts in them. But you again, comparing apples and oranges.

I spend a lot money on this game, but in my opinion its dying. If you have a healthy business, why try to get fast money for horrible losses (again, 25 % a year for land deeds) and why sell your proberty (land deeds)

Yeah, it's dying. Like we all are. But most of us dying alot more than EU, since EU is just 10yr old.
Why to get fast money? It's their business. Think about other planets, which have Planet Partners - but MA now Planet Partner for Caly. Think about it. Also try to think about other planets and other planet partners.
Also, MA staff relatively small, compared to monsters like CCP or Blizzard, or (write any known company here)
Also, EU is UNIQUE. And it have it's unique niche.

If i would trust the game i would sell my flat, buy 1000 Land deeds and would get enourmous interest rates :yay:

In case if you have second (or more) flat also, that move would be nice, but in other case - it shows something different.

Even is a company which is in the EU, there is absolut no security for your money, even some day the will go to the European Court, because of illegal gambling :)

EU. IS. NOT. A. GAMBLING.

Anyone play onlinepoker? look at the company gets closed for a while.

You mean - FT? Yeah, read more, why it was done. And... why PS still fine? Concurrency - that's the problem.
 
Only, specifically with regards to transactions that have taken place within the previous six months.

Acctually the maximum amount you can get back should MA fail is your deposits the last 6 months but you are not guaranteed anything

Then again take it from a guy who has researched the EULA..... It's pretty much watertight, especially with that old geezer lawyer on the board stonewalling anything that might go to court... Soo MA will last is my guess

As for withdrawals: check all your info and tell your bank about it before you do it

Summary: withdrawal and you'll get your money unless MA shuts down then you get nothing(even if god shuts it down, yep that's in the EULA :laugh:)
 
So i'm only entitled TT value of stuff that I looted and/or player traded and/or got from auction/shop within the last 6 months? Doesn't bother me because I don't foresee this game failing/it coming to that point, but thats pretty weird they made it that way, has a total TT value of an item ever been changed by MA?

Uh, no.

What you need to read is the EULA. This is the relevant bit referred to (my bolding for emphasis):

...
6. MINDARK'S LIMITATION OF LIABILITY

MINDARK, ITS EMPLOYEES, OFFICERS AND DIRECTORS, ITS AFFILIATES AND SUBSIDIARIES SHALL, TO THE EXTENT ALLOWABLE UNDER APPLICABLE LAW, IN NO EVENT, BE LIABLE TO YOU FOR ANY DAMAGES, LOSS OR EXPENSE INCLUDING WITHOUT LIMITATION, DIRECT, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGE, OR ECONOMIC LOSS , INCLUDING WITHOUT LIMITATION TO ATTORNEY FEES, LOSS OF GOODWILL OR HARDWARE DAMAGES, ARISING FROM THE USE OF THE ENTROPIA UNIVERSE OR IN CONNECTION WITH YOUR TRANSMISSION OR USE OF ANY CONTENT USING THE ENTROPIA UNIVERSE.

YOU ACKNOWLEDGE THAT, TO THE EXTENT ALLOWABLE UNDER APPLICABLE LAW, MINDARK SHALL NOT BE LIABLE TO YOU FOR THE LOSS OF ANY DATA OR ELECTRONIC FILES, INCLUDING, BUT NOT LIMITED TO, ACCOUNT, AVATAR, SKILLS AND/OR VIRTUAL ITEMS AND/OR CURRENCIES, FOR ANY REASON WHATSOEVER INCLUDING, BUT NOT LIMITED TO, SERVER FAILURE, INTERRUPTIONS OR CESSATION OF TRANSMISSION, INTERNET LATENCY, VIRUSES, BUGS, TROJAN HORSES AND THE LIKE, SOFTWARE AND/OR HARDWARE DEFECTS OR ERRORS, UNAUTHORISED USE OF THE ENTROPIA UNIVERSE SYSTEM OR SERVERS, USE OF CONTENT SUBMITTED TO THE ENTROPIA UNIVERSE, AND THE USE OF ENTROPIA UNIVERSE IN GENERAL.

You acknowledge that MindArk will not be liable for any damages or loss caused by failure to perform any term or condition of this Agreement due to conditions beyond MindArk’s reasonable control such as, but not limited to, war, terror attack, strikes, fires, floods, acts of God, governmental or authority restrictions, power failures, or damage or destruction of any network facilities or servers.

MindArk reserves the right to interrupt the services available via Entropia Universe and/or the operation of the Entropia Universe System with or without prior notice and for any reason. You agree that MindArk will not be liable for any loss or damage caused by interruption of the Entropia Universe, delay or failure to perform.

MINDARK'S LIABILITY TOWARDS ANY PARTICIPANT SHALL, IF ACKNOWLEDGED, IN EACH INCIDENCE BE LIMITED TO NO MORE THAN THE TOTAL AMOUNT TRANSFERRED INTO THE INVOLVED ACCOUNT BY SAID PARTICIPANT UNDER THE SIX MONTHS PERIOD PRIOR TO THE INCIDENT.
...
(Note: This is repeated in Clause 9 of the Terms of Use.)

By that, I understand it to mean the RL money that you have transferred into your EU account, using 'MindArk’s approved and secured fund transfer methods'. Not what you've looted, traded, or otherwise acquired thru ingame transactions.
 
Ouch! I actually never realized that bit!
So... we have to withdraw everything we have each 4 months, and then redeposit it to be safe... :D

But luckily, this only limits there warranty, which would be invoked in emergency situations. Let's hope such situations don't arise.
 
Ouch! I actually never realized that bit!
So... we have to withdraw everything we have each 4 months, and then redeposit it to be safe... :D

But luckily, this only limits there warranty, which would be invoked in emergency situations. Let's hope such situations don't arise.
Quite.....too short
 
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