Welcome Guest
Log In | Register )
You last visited January 19, 2017, 11:54 am
All times shown are
Eastern Time (GMT-5:00)

Not all Retailers Pay Out to $599

Topic closed. 93 replies. Last post 9 years ago by Tenaj.

Page 4 of 7
PrintE-mailLink
benmas's avatar - waveform
Rhode Island
United States
Member #56010
October 28, 2007
434 Posts
Offline
Posted: February 23, 2008, 6:58 pm - IP Logged

That is a good idea. Why not make an ATM that cashes lottery tickets only? If the winner is less than $599 then it cashes them, if it is more than $599, then it returns the ticket to you and tells you to take it to lottery redemption center. The machines could be set up in stores that have high traffic lottery purchases. That way you get your money for sure without having to worry if the store has enough to pay you. That would be nice.

I see no reason that could not be done. Ponder

there are $ costs involved with doing that...the vending machines that sell tickets only give out vouchers....you receving money will never be as easy as them taking it from you

    Avatar

    United States
    Member #3222
    January 4, 2004
    80 Posts
    Offline
    Posted: February 23, 2008, 7:01 pm - IP Logged

    ...the stores will never make it easy for you to dry up their cash...they will annoy you..you say not cashing ten tickets straight...thats what it adds up to when a lot of people ask to cash in just one..you are looking at this only from your own end..try to look at it from the strore prespective

    That's probably true in most cases for small stores but in NY at least all retailers are required to pay out a winning ticket that's less than $600. They even have an email contact to let them know if any retailer gives a customer a hard time. What most of us should expect is that the place you buy the ticket from have the courtesy to keep money on hand specifically for those winners. They know if it was purchased there or not by the agent code that's on each ticket. If they refuse to then they shouldn't be in the lottery business.

      benmas's avatar - waveform
      Rhode Island
      United States
      Member #56010
      October 28, 2007
      434 Posts
      Offline
      Posted: February 23, 2008, 7:09 pm - IP Logged

      ...the stores will never make it easy for you to dry up their cash...they will annoy you..you say not cashing ten tickets straight...thats what it adds up to when a lot of people ask to cash in just one..you are looking at this only from your own end..try to look at it from the strore prespective

      That's probably true in most cases for small stores but in NY at least all retailers are required to pay out a winning ticket that's less than $600. They even have an email contact to let them know if any retailer gives a customer a hard time. What most of us should expect is that the place you buy the ticket from have the courtesy to keep money on hand specifically for those winners. They know if it was purchased there or not by the agent code that's on each ticket. If they refuse to then they shouldn't be in the lottery business.

      the lottery requires them to pay you but that doesn't necessarily mean pay you in cash...the store will prefer to pay you in money orders or other non cash methods...required to pay at the back of ticket doesn't automatically mean pay out cash...

        Avatar

        United States
        Member #3222
        January 4, 2004
        80 Posts
        Offline
        Posted: February 23, 2008, 7:14 pm - IP Logged

        If they're willing to pay by money order I guess that's ok. I'm only referring to my experience with a few convenience stores that didn't even want to do that but instead became hostile. I just did what others recommended and have taken my business elsewhere.

          Dead_Aim's avatar - canstock2002989

          United States
          Member #6363
          August 20, 2004
          4150 Posts
          Offline
          Posted: February 23, 2008, 7:14 pm - IP Logged

          there are $ costs involved with doing that...the vending machines that sell tickets only give out vouchers....you receving money will never be as easy as them taking it from you

          So there is something like that? Vending machines giving out vouchers? I have never heard of that.

          Don't Chase... Compare and Narrow

          The Cheaper the Cost the Higher the Profit

          Many Winners to You.

          D_A

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19900 Posts
            Offline
            Posted: February 23, 2008, 7:35 pm - IP Logged

            the stores are not bingo halls, or racetracks whose sole purpose is gambling...so that comparison is not adequate...most neighborhood stores want to bring in cash at the end of the day instead of giving it away....also keep in mind that you are not the only one that cashes tickets at that particular store...a store owner doesn't want to pay everyone than end up with little cash and then wait till the lottery pays him at the end of month...they will give you the small amounts but they become reluctant at the big amounts because they don't want to dry up their cash in store..picking the right time of day is important also (when the stores will have money usually later in the day and not early morning)...you say you want to cash $73...most likely you will have no major trouble doing that..but i was saying for amounts in the hundreds money order is the best option...money orders usually take two business days to clear so its not that big a deal as far as waiting...you can combine your trip to bank with the day you have to go anyway to cash paycheck ...it is a trade off...you want the money quick you have to run around....the stores will never make it easy for you to dry up their cash...they will annoy you..you say not cashing ten tickets straight...thats what it adds up to when a lot of people ask to cash in just one..you are looking at this only from your own end..try to look at it from the strore prespective

            "....also keep in mind that you are not the only one that cashes tickets at that particular store.."

            The last time I matched 4+0 on a MegaMillions ticket and cashed it in at the place where I now buy most of my tickets, the clerk said that $150 win was the largest she had seen since working there for six months.  That surprised me because there are usually other customers in line buying lottery tickets when I buy mine and they sell a lot of them, but apparently they didn't get a lot winners over a few dollars.   I started buying my ticket there a couple of years earlier when the store where I bought a ticket that won $350 wouldn't cash it and they did.  I know they are prepared to cash tickets up to $600 but they just don't see them that often.

             * you don't need to buy more tickets, just buy a winning ticket * 
               
                         Evil Looking       

              benmas's avatar - waveform
              Rhode Island
              United States
              Member #56010
              October 28, 2007
              434 Posts
              Offline
              Posted: February 23, 2008, 7:36 pm - IP Logged

              So there is something like that? Vending machines giving out vouchers? I have never heard of that.

              the machine does not give change so instead it will print you a voucher which is similar to a lottery ticket with the bar code at the bottom and an amount printed on it...you can then take that voucher and try to cash it somewhere else (same as a winning ticket)...I seriously doubt that they will make a machine that gives out cash...there are security issues associated with that and also technology issues which translates into costs for them...also if you are cashing a big amount (say $400) try telling them first how much the ticket is worth...once they input the ticket into the terminal they have to pay you one way or the other...for a store that doesn't sell money orders they will be quite upset handing you that much cash...they will tell you to sit around and wait..i saw this happen to smbdy where i was buying tickets...

                Britney's avatar - melissa sool.png
                California
                United States
                Member #4471
                April 27, 2004
                1574 Posts
                Offline
                Posted: February 23, 2008, 7:41 pm - IP Logged

                I am guily of not reading the rest of this thread, sorry about that, but I just wanted to say on the subject --- I had a winning ticket today worth over $400.  The 7-11 could not cash it.  I have a choice --- wait until Monday when the manager will be there or cash it somewhere else.  I normally cash my tickets at a major grocery store like Albertson's.  They always have the cash (not at the register, though). 

                Maybe that has already been mentioned in this thread.  Again, I'm sorry for making a comment without reading the entire thread first.

                  justxploring's avatar - villiarna
                  Wandering Aimlessly
                  United States
                  Member #25360
                  November 5, 2005
                  4461 Posts
                  Offline
                  Posted: February 23, 2008, 7:51 pm - IP Logged

                  the lottery requires them to pay you but that doesn't necessarily mean pay you in cash...the store will prefer to pay you in money orders or other non cash methods...required to pay at the back of ticket doesn't automatically mean pay out cash...

                  Benmas is correct.  In fact there is always a disclaimer (I'm trying to find it) that says "funds might not be available" in order to conduct business during the day.  At least there is one in Florida.

                  That's why I don't understand all of the posts that say the retailers should have the cash available. Sure, they should offer some form of payment.  That's all.  A money order is the same as cash.  Nobody should expect a store to keep a lot of extra cash around just in case someone wins.  Then there would be a security problem.  I mean, the posters who are complaining assume they are the only people who ever win.  What if 3 or 4 people walked into the store that day? A small store isn't going to keep an extra $2,000 in the cash drawer... just in case!  Maybe I'm being close-minded because I live in an area with so many large stores like Albertson's & Publix.

                  I wonder if people who only want cash are afraid of having some sort of paper trail??   Is that it?  Just curious.  Personally, I wouldn't want a money order. I'd just wait. IMHO if people are so desperate that they need the cash immediately for food or gas, they shouldn't even be playing the lottery.

                    jarasan's avatar - new patrick.gif
                    Harbinger
                    D.C./MD.
                    United States
                    Member #44103
                    July 30, 2006
                    5587 Posts
                    Offline
                    Posted: February 23, 2008, 7:54 pm - IP Logged

                    I am guily of not reading the rest of this thread, sorry about that, but I just wanted to say on the subject --- I had a winning ticket today worth over $400.  The 7-11 could not cash it.  I have a choice --- wait until Monday when the manager will be there or cash it somewhere else.  I normally cash my tickets at a major grocery store like Albertson's.  They always have the cash (not at the register, though). 

                    Maybe that has already been mentioned in this thread.  Again, I'm sorry for making a comment without reading the entire thread first.

                    Your story seems to exemplify where the discussion has gone to. 

                    I think these retailers that have small banks prefer to make their money selling tix rather than cashing them in, which pays much more.

                    In this area the retailers that I know "beg" for people to come in and cash, it is much more profitable for them.

                    I have one guy who says he'll cash anything as long as it is less than $600 per, I went up there last month with 5 $200 boxes, and I walked out with $1000 cash.

                    I'm waiting on a P4 multiple straight, so I can go everyday for a month and get $2600 or $5000 a day for 25 days and get 25 W-2g's. It will be fun.

                    I have a friend who hit last year 5 times straight on P3 for $10K each,  he drove around all day after each hit collecting cash, imagine hitting for 10K on P3.  His wife said no mas! but I think he is playing again.

                      Avatar
                      Kentucky
                      United States
                      Member #32652
                      February 14, 2006
                      7343 Posts
                      Offline
                      Posted: February 23, 2008, 7:56 pm - IP Logged

                      the stores are not bingo halls, or racetracks whose sole purpose is gambling...so that comparison is not adequate...most neighborhood stores want to bring in cash at the end of the day instead of giving it away....also keep in mind that you are not the only one that cashes tickets at that particular store...a store owner doesn't want to pay everyone than end up with little cash and then wait till the lottery pays him at the end of month...they will give you the small amounts but they become reluctant at the big amounts because they don't want to dry up their cash in store..picking the right time of day is important also (when the stores will have money usually later in the day and not early morning)...you say you want to cash $73...most likely you will have no major trouble doing that..but i was saying for amounts in the hundreds money order is the best option...money orders usually take two business days to clear so its not that big a deal as far as waiting...you can combine your trip to bank with the day you have to go anyway to cash paycheck ...it is a trade off...you want the money quick you have to run around....the stores will never make it easy for you to dry up their cash...they will annoy you..you say not cashing ten tickets straight...thats what it adds up to when a lot of people ask to cash in just one..you are looking at this only from your own end..try to look at it from the strore prespective

                      I said "We're saying it should be easy to get paid when we win; the same way a race track, casino, or a bingo hall pays off winners under $600." That's called an example of where it is easy to cash ticket that you bought in the same building and not a comparison of businesses. The entire discussion is about stores that don't cash tickets under $600 so why would anybody compare Circle K's, 7/11s, BP mini-marts or those Mom and Pop stores to race tracks and casinos? 

                      "most neighborhood stores want to bring in cash at the end of the day instead of giving it away....also keep in mind that you are not the only one that cashes tickets at that particular store"

                      You're missing the point. They are selling tickets that have the potential of being a prize up to $599. On the back of the ticket it says it can be cashed where it was purchased and the state lottery's website says they will cash it. No where on either place can I find where payoffs are subject the store having the cash or the ticket holder listening to the top 10 reasons they can't.

                      "try to look at it from the strore prespective"

                      I'm sure the customers going into a store to buy a 12 pack of Bud Light and is given a 6 pack of Pepsi and charged the same price will look at it from the store's perspective and pay.

                        Britney's avatar - melissa sool.png
                        California
                        United States
                        Member #4471
                        April 27, 2004
                        1574 Posts
                        Offline
                        Posted: February 23, 2008, 8:01 pm - IP Logged

                        Maryland is probably different than California.  The retailers here (like 7-11 and small stores) don't like to keep that much money in the registers or even take money out of the safe.  We have more crime than you do, I expect.

                          justxploring's avatar - villiarna
                          Wandering Aimlessly
                          United States
                          Member #25360
                          November 5, 2005
                          4461 Posts
                          Offline
                          Posted: February 23, 2008, 8:07 pm - IP Logged

                          Maryland is probably different than California.  The retailers here (like 7-11 and small stores) don't like to keep that much money in the registers or even take money out of the safe.  We have more crime than you do, I expect.

                          Britney, no need to apologize for not reading every post.  You probably have a life!  LOL   BTW, we have lots of crime and so does Maryland.  I think people who haven't worked in small stores don't understand that they make nightly deposits and don't keep a lot of cash around.  After all, why do many stores have signs that say they won't cash $100 bill?  It's not just because of counterfeit money, it's because they need cash to make change throughout the night.   

                            benmas's avatar - waveform
                            Rhode Island
                            United States
                            Member #56010
                            October 28, 2007
                            434 Posts
                            Offline
                            Posted: February 23, 2008, 8:15 pm - IP Logged

                            I said "We're saying it should be easy to get paid when we win; the same way a race track, casino, or a bingo hall pays off winners under $600." That's called an example of where it is easy to cash ticket that you bought in the same building and not a comparison of businesses. The entire discussion is about stores that don't cash tickets under $600 so why would anybody compare Circle K's, 7/11s, BP mini-marts or those Mom and Pop stores to race tracks and casinos? 

                            "most neighborhood stores want to bring in cash at the end of the day instead of giving it away....also keep in mind that you are not the only one that cashes tickets at that particular store"

                            You're missing the point. They are selling tickets that have the potential of being a prize up to $599. On the back of the ticket it says it can be cashed where it was purchased and the state lottery's website says they will cash it. No where on either place can I find where payoffs are subject the store having the cash or the ticket holder listening to the top 10 reasons they can't.

                            "try to look at it from the strore prespective"

                            I'm sure the customers going into a store to buy a 12 pack of Bud Light and is given a 6 pack of Pepsi and charged the same price will look at it from the store's perspective and pay.

                            dude YOU ARE MISSING THE POINT....NOWHERE in the back of the ticket it says they have to CASH...it says they have to pay...pay doesn't automatically mean cash...they are more than happy to give you MO becasue it doesn't drain their cash...what i was discussing above was look at it as from a perspective of cash drain...you are going of in a tangent now comparing bud lights and other stuff..you cashing in a ticket is not the same as buying something there..you are not buying anything when you cash the ticket so the store is no that much interested in your business...yea the discussion is about stores that dont cash...the reason is that they don't want to let go of their cash...they will never refuse you a money order..

                              Avatar
                              Kentucky
                              United States
                              Member #32652
                              February 14, 2006
                              7343 Posts
                              Offline
                              Posted: February 23, 2008, 8:17 pm - IP Logged

                              there are $ costs involved with doing that...the vending machines that sell tickets only give out vouchers....you receving money will never be as easy as them taking it from you

                              Having ATMs that cash tickets is an idea the lottery commissions could discuss after receiving thousands of complaints from players that couldn't cash $100 tickets.

                              Ohio has a contract with a bank to pay winners over $600. The terminals are programmed to print cash vouchers the players take to the bank. If there is any cost involved into programming terminals to print out vouchers under $600, the cost should be charged to the stores making all the excuses why they can't cash them.