PIC Club Poker Posts 9.1 Percent Dividend for Users

The online poker payment platform, PIC Club, has posted a 9.1 percent dividend for users, according to CEO Chuck Kidd.

PIC Club operates on a common shares account model whereby members earn money similar to that of shareholders in publicly traded companies.

From Chuck Kidd:

"Another great year has passed for PICClub, and although there were a few bumps in the road, I am pleased to announce that the Common Shares Account(CSA) vested funds has posted a 9.1% dividend. This means that, per our agreement, all funds in the CSA account have received the guaranteed 3.5% payout and those funds vested in the CSA for six months or longer have earned an additional 5.6% dividend for a total of 9.1%.

"As an example: If you have a total balance of $200.00 in your CSA as of November 30th, 2009 you would receive 3.5% ($7.00) on this balance. If $100 of this balance was in your CSA account as of June 30th, it will have met the requirement of being vested in the CSA for six months or longer, and will receive an additional 5.6% dividend of $5.60.  This means your $200.00 in the CSA has now earned $12.60 for a total of a 6.3% annual return."

In recent weeks, PIC Club has been embroiled in a heated feud with the online poker network Merge over monies they claim are still owed to them.  The two sides have or are in the midst of settling their dispute.

Christopher Costigan, Gambling911.com Publisher

 

Submitted by C Costigan on Sat, 12/05/2009 - 16:32
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Comments

Thank You PICClub for the 9.1% Interest Payout.

Sun, 12/13/2009 - 09:41 — Guest
True to their word I recieved my 9.1% Common Shares Payout today from PICClub. I only had a few dollars in my CSA but I did receive my $4.39 interest today. I have requested the money to be transfered to my playing account and will use it at a poker room. $4.39 isn't much but the very idea that I made money from PICClub is pretty darn cool. No other payment system I have used has ever paid me for making deposits. I have won nearly 60K this year online and I easily could have put 10% in the CSA. 6K at 9.1% would have made me $546.00. Stick around PICClub you're good for poker and good for poker players. I hope some of the larger rooms realize what a sweet deal this is for their players and offer PICClub soon. Signed a happy PICClub member.

happpy to hear

Tue, 12/15/2009 - 10:51 — Guest
thanks for the feedback chuck kidd.... do write in again if you see fit

the large rooms are smart

Sun, 12/13/2009 - 13:21 — Guest
the large rooms are smart enough to stay away from pic club. the only ones who use pic club are the ones desperate for players.

LOL - It's a humbug.

Sun, 12/06/2009 - 19:02 — Guest
I remember when Picclub was first started and everyone kept saying it would never work and would fail in 6 months. When they made the first 6 months that bit of negativity was amended to failure in the first year. Now, that actually was a safe bet as most start-up businesses do fail in the first or even second year. Picclub, despite those who for whatever reason continue to rale against it, has just survived its third year - and every one of those years paid out a decent, given the current economy in the world, dividend to their members. Not to mention the service they've provided to the USA players when every other payment provider was deserting them. So in this merry holiday season I say come on all you scrooges let's hear you rally and say 'Picclub? They'll never last a fourth year. Bah Humbug' and be well done with it. LOL Merry Holiday to all the rest of you folks. I've been using Picclub from early on the very first year and I can't help it, I like them. And I'm looking forward to their continued success. Thanks Pic.

calm down chuck

Sun, 12/06/2009 - 21:11 — Guest
your gonna give yourself a heart attack... take it easy there

dont invest

Sat, 12/05/2009 - 19:01 — Guest
i hope pic club members dont start getting silly and investing savings there for the return.... this sort of sounds like a song we have heard before

History has proven the nay-sayers wrong.

Sat, 12/05/2009 - 19:49 — Guest
Also included in the e-mail I received as a PIC member was the FACT that in a three-year history that the CSA has produced an average interest earned of 11.26%. Not too dang shabby I say. What other processer has every paid you a profit just for using them? Thanks PICCLUB.

Is there a downside to this?

Sat, 12/05/2009 - 20:08 — C Costigan
Is there a downside to this? I agree with the one comment about not dropping your life savings here but if you have money to play with this seems like a sweet deal.

It's a sweet deal as long as

Sun, 12/06/2009 - 16:31 — Guest
It's a sweet deal as long as they don't go down the tube with your money. Given that they are advertising through a news site instead of paying real money for promotion, it doesn't give the impression that they are flushed with cash. Unless they are paying real money for this promotion... there have been a LOT of pic club stories on here recently.

i think you know that when a

Sun, 12/06/2009 - 18:51 — Guest
i think you know that when a payment processor is getting dropped by poker sites (who need all the payment methods they can get) you probably shouldn't trust them with your money.

fyi

Fri, 12/18/2009 - 07:21 — Guest
PIC dropped Merge. Get your facts straight before you stick your foot in your mouth next time. I am a member only but I am sure you will stick your foot in your mouth again trying to figure out who this could be. Knock yourself out !

Pick up an Issue of Bluff

Sun, 12/06/2009 - 17:34 — Guest
I have seen their ads in Bluff for a long time so that blows your theory.