As we head in 2018, Lucky Coin wants to make sure that all of our customers were up to date on the GA COAM Financial Sweep and Push Calendar for 2018, and we also wanted to make sure that we answered any questions that you may have on the process. Below you will find the 2018 Sweep Schedule and FAQs:
How does the GLC sweep my bank account for the amount due from the COAMs?
Each Location is required to provide a completed Electronic Funds Transfer (EFT) Authorization Form for the Location and submit it to the GLC along with its Class B license application. A Location may obtain an EFT Authorization form and instructions by clicking on http://www.galottery.com/images/pdfs/coam/eft-package-location.pdf.
How will the Master License Holder be paid its money from the COAMs?
A Location’s COAM EFT account will be swept for their financial amount due to the GLC every Wednesday. The GLC will electronically transfer funds due to the Master License Holder the following Tuesday after the Location’s financial sweep. Timeliness of fund transfers to Master License Holders may be affected by national and observed bank holidays and the availability of funds from the Locations.
When will the COAM funds be swept from MY EFT account?
Upon connection to the central system, electronic withdrawals of funds will commence on the Wednesday following the connection date and continue on a weekly basis. The accounting week runs from Sunday through Saturday. Timeliness of sweeps to Locations Owner/Operators may be affected by national and observed bank holidays.
If you have any questions or are interested in working with Lucky Coin, you can contact us at email@example.com, call us at 1-855-34-LUCKY, or visit us at our website. We specialize in Class A and B Georgia Lottery Skills Games, ATMs, Pool Tables, Golden Tees, TouchTunes Jukeboxes, Counter Top Touch Games, and all other coin operated amusement that make you money! We have put together comprehensive packages for gas stations, bars, restaurants, and nightclubs that have profited them thousands of dollars, with almost NO cost to you. We provide the equipment, installation, maintenance, and exceptional 24/7 service FREE of charge, and you simply benefit from the added income! It’s a Win, Win!