Player-to-Player Transfer Terms

The rules and restrictions regarding the transfer of free chips and real money from one player account to another are as follows:

1. Free chips and real money are eligible for transfer. Summit Points, Tournament Tokens, bonuses and other promotions are not eligible to be transferred.



2. Regardless of the currency of transfer, both the Sender and Recipient must have provided valid and accurate information on the Real Money Account page and be players in good standing.



3. A player is eligible to transfer free chips 30 days after the completion of the Real Money Account.



4. A player must have a successful deposit history in order to transfer real money. Players using credit cards must have a 45 day successful deposit history; Players using other payment methods must have a 15 day successful deposit history.



5. The minimum and maximum transfer amounts for both real money and free chips are as follows:
   
   

   	Real Money	Free Chips
   Sender's Minimum Balance	$20	1,000
   Minimum Transfer Amount	$10	500
   Maximum Transfer Amount	$500 (or 50%)*	5,000 (or 50%)*
   Maximum Transfer Per 24 hours	$500	5,000
   Maximum Transfer Per Week	$2,500	25,000

   
   * The transfer may not exceed 50% of the sender's available balance.
   


6. The recipient of a real money transfer will be required to earn 0.2 Summit Points per $1.00 transferred or 5 Summit Points, whichever is greater, before cashing out. For example, a $10 transfer would require the recipient to earn 5 Summit Points; a $100 transfer would require the recipient to earn 20 Summit Points.



7. Sender may not send more than one transfer to the same recipient within 24 hours.



8. At its sole discretion, Management reserves the right to reverse a processed transfer, cancel a pending transfer and/or restrict a player's ability to send or receive new real money transfers.