Is LeagueSafe com legit?
Is LeagueSafe com legit?
LeagueSafe is the trusted source for collecting and protecting fantasy league dues. League members have the convenience of online payments and, most importantly, peace of mind. With LeagueSafe, your league funds are safe and secure all season long.
Who owns LeagueSafe?
SportsHub Technologies
LeagueSafe was acquired by SportsHub Technologies on Nov 21, 2016 .
How does LeagueSafe make money?
What they do is collect and handle all the cash for your “league” and keep it “safe” until its time for payout (clever aye?). Then – when the dust has settled – they simply pay the winners regardless of whether or not everyone in your league has paid their dues. It is that simple.
Does LeagueSafe report to IRS?
Taxes. LeagueSafe is not responsible for tax advice, calculation of taxes that may be due, or reporting tax data to any agency. This applies to all agencies and levels of government.
Is LeagueSafe legit Reddit?
99.9% of the time, people who intend to scam you won’t use LeagueSafe. They’ll convince you to pay some other way–a way that gets money into their hands immediately, like PayPal. Over a half million people have used LeagueSafe, and we see maybe one legit scammer per year. You’ll be fine.
Is fantasy football considered gambling?
The federal law classifies fantasy sports as games of skill rather than actual gambling such as when placing money as bets on the outcomes of games.
How do I contact LeagueSafe?
For customer service or additional information regarding your Card, please contact us at either: 1) prepaidcardstatus.com; 2) 866-230-3809; or 3) Cardholder Services, PO Box 5109, Buffalo Grove, IL 60089. Customer Service agents are available to answer your calls 24/7/365.
What is TeamStake?
TeamStake provides fantasy sports leagues with a fully customizable payment collection and payout distribution system at absolutely no charge.
What is LeagueSafe fee?
LeagueSafe charges a late fee of $5.00 – $10.00 per payment, depending on your selected sport, if the league commissioner chooses to allow late payments.
Where do you store your money in fantasy football?
All funds are stored in our TeamStake holding accounts, which leverage 256-bit AES encryption to guarantee that you will get your payouts at the end of the season. All league members can now work the waiver wire knowing that their payout is coming.
How is LeagueSafe legal?
LeagueSafe is legal in all 50 states because we do not administer and run your private contests. You’ll have to use your own good judgement to make sure that playing fantasy sports in your state is legal.
How are fantasy football winnings reported on taxes?
You must report all income earned from fantasy sports either as “other income” on Schedule 1 for Form 1040, or as business income on Schedule C. If you use the first approach, your fantasy sports is considered a hobby and you can’t deduct any of your expenses or losses.
What do you need to know about leaguesafe, LLC?
LeagueSafe, LLC offers on-line fantasy sports league finance management. Specializing in simple, secure, fast, flexible, and accountable fantasy sports league funds & finance management. Need to file a complaint? BBB is here to help. We’ll guide you through the process. How BBB Processes Complaints and Reviews fantasy football purchases.
Who is the owner of leaguesafe fantasy sports?
LeagueSafe is owned and operated by SportsHub Games Network, Inc. (“SportsHub”). SportsHub is the owner and operator of several other fantasy sports services, in addition to LeagueSafe.
What happens if you make a late payment on leaguesafe?
By default it is turned off and late payments are not permitted. If the late payment feature is turned on, LeagueSafe will charge a penalty fee for late payments. Commissioners also have the option to assign an additional fee, which is added to the League’s balance.
How old do you have to be to use leaguesafe?
In order to be eligible to use LeagueSafe Services, you must be at least eighteen (18) years of age, and a resident of the United States or Canada. Members may use LeagueSafe for the purposes outlined in the Acceptable Use section of these Terms.
