Probably a ridiculously expensive way of transferring funds. A credit card card deposit will cost 1.5%, yet a transfer that you describe could cost up to 5%.....
Surely it would be easier and more cost effective to withdraw from 1 account and deposit into the other......

And Mark, I agree that some poor buggar could be now out of pocket. Some poor buggar with at least 12,000 dollars in their betfair account.

My personal opinion is that this mistake was made by a serious punter that was so used to the procedure that they had turned off the verification process, and made a mistake. Albeit a costly one..

People ask why there are people out there that lay horses at 1.01 and people that back at 1000.... This is why.........