| Posted by: fanx at March 18, 2005, 3:28 pm | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | CubsFan915 wrote: Well, I haven't gotten my PIN number yet, played the 1/2GBP table last night, went up about 40GBP, and got about $67 put into my IP account for it, when the true exchange rate means I should have gotten about $76...
Hmm interesting... well at least what they do is take the same exchange rate when you buy the chips at the table and when you leave the table. I've had break even sessions on $ tables with a GBP account and I did not lose money on those (I think so at least). That would be really rediculous...
Now when you actually win money.. hmm they might not charge but just have a weird exchange rate. If you lost during that session that would mean you'd have also lost less than you should have when converted to $. Then if the exchange rates were the same over the entire crypto network that would also mean that if for instance you would play GBP tables with your $ accounts and $ tables with your GBP accounts (I know there is no reason to do this... just theoreti... | | Read Entire Entry |
| Posted by: patient77 at March 18, 2005, 11:43 am | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | Grinder wrote: Yea - how dare they give me free money to play for 5 hours and then screw me over for a few bucks afterward.
Almost makes me not want to play where they give you £50 a month to play.
£25 in the casino for free and £25 for pocker - bastards!!
uhhh, grinder, its not ukbetting or totalbet that is charging the conversion fee's, it's neteller during the currency exchange. if totalbet or ukbetting charged extra on the withdrawal after giving us nice monthly bonuses, i'd have little room for argument. however, it's neteller that is taking money from us. thanks for your opinion though.....
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| Posted by: deezamn at March 17, 2005, 9:01 am | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | Try doing some of the larger casino bonus deposits in pounds. They jack you for well over $100 in fees sometimes (Just had one yesterday that took just over £90 from my final balance. Ugh.) The largest they took from me was like $375 once, thankfully, the win was so big I could overlook it.
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| Posted by: Bankroll at March 17, 2005, 5:01 am | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | I don't claim to be an expert on currency exchanges, but if you go to any bank that changes physical currency they have a BUY price and a SELL price that are different.
I suppose Neteller can argue semantics and say there are no "fees" only BUY and SELL prices that are different, as they are for anyone that deals in currency.
Now whether Neteller is giving the customer a good or fair BUY and SELL price from dollars to pounds and back is another question altogether.
This should be a good benchmark:
http://www.xe.com/ | | Static Link |
| Posted by: Wellington at March 16, 2005, 4:27 pm | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | Did the exchange rate change from your cash-in to cash-out?
I pretty sure I've always been charged some fee for cashing out there. Whether it be a currency exchange or whatever. I believe there was a thread about this were people were posting only a couple dollars of change. Gonzo? I would like to withdraw my money but I just leave it at the site cause I don't know what the details are.
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| Posted by: patient77 at March 16, 2005, 3:54 pm | | Topic: been mentioned before, but crypto conversion pisses me off Forum: Bonus Whores | i know there have been posts done before complaining about the conversion fees at the GBP crypto sites, namely ukbetting and totalbet. I just wanted to vent a little more.
when you deposit into the crypto site using GBP, my conversion rate was 1.98, meaning i was charged 1.98 times the GBP i deposited in dollars. HOWEVER, when i withdraw, i only get back 1.88 times the GBP i withdraw. Anyone else find this absolutely ludicrous, the amount of money they charge in the conversion.
Just wanted to vent a bit. I know the hourly bonuses and risk free casino bonuses make these two casinos a must stop each month, but still, i really get upset when my withdrawal finally hits neteller and it's much less than i expected.
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