| Posted by: AudiManinBoro at January 17, 2008, 4:45 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by zman
The problem in the first place is the delay........also no casino would do it at the same exchange as you deposited.
Ok i used the worng word most maybe not most but some lol William Hill does Zman, the xchange rate is always the same as what was used to deposit when i cash out
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| Posted by: zman at January 17, 2008, 2:20 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by AudiManinBoro
Of course you COULD have kept the funds in your casino account until such time the currency xchange rate was more in your favour, however ive found that most casinos give you the same xchange rate as when you made your initial deposit.
The problem in the first place is the delay........also no casino would do it at the same exchange as you deposited.
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| Posted by: AudiManinBoro at January 17, 2008, 1:03 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Of course you COULD have kept the funds in your casino account until such time the currency xchange rate was more in your favour, however ive found that most casinos give you the same xchange rate as when you made your initial deposit.
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| Posted by: zman at January 16, 2008, 1:31 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by chuchu59
It did, against the British Pound in the last couple of months. Expect more especially when interest rates are lowered in England.
Aussie banks set to raise rates
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| Posted by: chuchu59 at January 16, 2008, 5:56 am | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by winbig
The USD gained strength??????????
THE WORLD IS COMING TO AN END!!
It did, against the British Pound in the last couple of months. Expect more especially when interest rates are lowered in England.
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| Posted by: zman at January 15, 2008, 11:31 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by Nifty29
You won about $70k ??
Wowsers. How did you manage that one?
I use Neteller. There is a $1k a day limit at ATM's but you can actually get a Mastercard Debit Card so you can use it for purchases etc anywhere you like. All transactions are free except for ATM cash which is $4 per withdrawal regardless of the amount.
A little under that but yeah i wouldnt want to get slugged with crappy exchange ia card provider.
I think im just going to open a multi currency HSBC account and wire the money there.
Aussie lost alue against US over night +1.5k lol
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| Posted by: zman at January 15, 2008, 11:28 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by Trezz
Great idea in theory
Though in real life terms practicality it's probably impossible.
I'm also in Australia & I looked into opening an off shore account & could only do so with my company credentials, even then banks required a min $50K up front, not to mention the initial account set-up fees.
My suggestion is if your playing at Microgaming is to get yourself a payspark account.
Money gets transferred to that and you can withdrawal up to $3K US a day from any ATM here in OZ. Amounts over $500 ion the account accumulate interest. Least you have control over the exchange rate.
Cheers
Trezz
Mate you can get a multi currency account from HSBC.
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| Posted by: Nifty29 at January 15, 2008, 10:47 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
You won about $70k ??
Wowsers. How did you manage that one?
I use Neteller. There is a $1k a day limit at ATM's but you can actually get a Mastercard Debit Card so you can use it for purchases etc anywhere you like. All transactions are free except for ATM cash which is $4 per withdrawal regardless of the amount.
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| Posted by: lojo at January 15, 2008, 10:41 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by winbig
The USD gained strength??????????
THE WORLD IS COMING TO AN END!!
Just sell $20billion in weapons to an Arab country the same day you sell $30 billion to Israel, have one good day in the stock market, and quietly ask opec to increase oil supplies. Easy, anyone can manipulate the USD (for one day)
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| Posted by: gerilege at January 15, 2008, 4:52 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by Trezz
Great idea in theory
Though in real life terms practicality it's probably impossible.
I'm also in Australia & I looked into opening an off shore account & could only do so with my company credentials, even then banks required a min $50K up front, not to mention the initial account set-up fees.
But why would you open an offshore account? I'm not familiar with the Australian banking conditions, but I meant a normal bank account held in an Australian bank, which is accounted in USD, not in AUD? Is it possible over there? Or is it forbidden for some reason?
The good thing in this forum is that you get to know people from different countries, with different background. In Hungary you can have an account in the major currencies (EUR, GBP, USD) for free - in case you also have a normal bank account there in HUF (=Hungarian Forint) - or for 1-2EUR/month, and without any deposit (in case your primary HUF account ... | | Read Entire Entry |
| Posted by: Chipeez at January 15, 2008, 4:12 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Perhaps you could do something like this with e-wallets. Make neteller of moneybookers a dollar account.. This is IMHO the best way to have us dollars stored for a while..
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| Posted by: Trezz at January 15, 2008, 3:58 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by gerilege
I mean you open a secondary bank account in the corresponding currency (USD in this case), and make the casino wire the funds to your USD account.
Great idea in theory
Though in real life terms practicality it's probably impossible.
I'm also in Australia & I looked into opening an off shore account & could only do so with my company credentials, even then banks required a min $50K up front, not to mention the initial account set-up fees.
My suggestion is if your playing at Microgaming is to get yourself a payspark account.
Money gets transferred to that and you can withdrawal up to $3K US a day from any ATM here in OZ. Amounts over $500 ion the account accumulate interest. Least you have control over the exchange rate.
Cheers
Trezz
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| Posted by: LOOKAWAYORELSE! at January 15, 2008, 3:11 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Hi I thought that they paid out on the exchange rate upon purchase does make more sense that way because if the exchange rate is higher on cashout no casino would give you extra so i think this stinks just my opinion i know im not helping but you got it anyway.
Hi also does anyone think the u.s $ is worth a little more this week as i have purchased at a micro the other night and a rival today o and 3dice and it was.
And gues what had a stinker on supersuits and pulled it all back and profit on happy alley not goin to call it crappy alley ever again yeehaaa. 7 retriggers on 15x3 wasn't betting to much because my bank roll is stinking to at the moment was well happy tho nice pullback after the new slots at inetbet wiped me clean.
Had a crappy morning at this is egas to my bank roll was empty but $70 took on a bonus and within the hour made all my losses back + a bit but now have wagering to do.
Also check my suspicous after free spins screen shot in lucky winner... | | Read Entire Entry |
| Posted by: loganberry at January 15, 2008, 2:55 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by zman...
Now should i be compensated for this due to their delay?
Quote: Originally Posted by chuchu59...
I dont think you have a claim for the fluctuations in the worth of currencies
Does this not depend on how long the timeframe is between deposit and return? Over the course of a few days, it is unlikely that a currency will have a hugh ariation in the exchange rate. But what if the casino itself delays its processing for a month or two?
I am currently in that situation - I made a £UK deposit (converted into $US by the casino) from my bank account over 2 months ago, and to date the casino still has not claimed its money. As a result, the amount I now owe them is almost £100 more than the original deposit amount due to exchange rate fluctuations.
Being cynical, I see this as an exploitation of the exchange rate mechanism, and really do not feel it fair that, due to their actions, I am going to lose out quite hea... | | Read Entire Entry |
| Posted by: zman at January 15, 2008, 2:21 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Quote: Originally Posted by gerilege
In case of such significant amount you might want to avoid the risk of currency rate changes in the future. I mean you open a secondary bank account in the corresponding currency (USD in this case), and make the casino wire the funds to your USD account. Later when you find the exchange rate appropriate you transfer the funds to your primary AUD account.
A good strategy for huge amounts to follow overall is to make wire transfers between accounts in identical currencies, and do the conversion locally later on. You will pay less fees for the local transfer than receiving the funds to your AUD account directly, plust the freedom of choosing when to convert the currencies.
Great tip will deff use it next time
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| Posted by: gerilege at January 15, 2008, 1:40 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
In case of such significant amount you might want to avoid the risk of currency rate changes in the future. I mean you open a secondary bank account in the corresponding currency (USD in this case), and make the casino wire the funds to your USD account. Later when you find the exchange rate appropriate you transfer the funds to your primary AUD account.
A good strategy for huge amounts to follow overall is to make wire transfers between accounts in identical currencies, and do the conversion locally later on. You will pay less fees for the local transfer than receiving the funds to your AUD account directly, plust the freedom of choosing when to convert the currencies.
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| Posted by: chuchu59 at January 15, 2008, 1:00 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
I dont think you have a claim for the fluctuations in the worth of currencies. What if aud to the usd is nw 0.80. Can the casino now give you less and claim that you are compensated by the rise in curreny? As long as they have paid you the correct amount in USD, I think that should be okay. How they are going to account for the delay in payment is an entirely different issue and can not be tied to currencies which can ary by the minute.
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| Posted by: zman at January 15, 2008, 12:51 pm | | Topic: Delayed payment/exchange rate. Forum: Casino Meister |
Hey all.
I have won a substantial amount from a casino.
Now i am withdrawing ia wire from USD to AUD.
When i withdrew aud/usd was 0.85, currently its close to 0.90. That basically means I have lost $3000-$4000 because of them delaying the payment.
Now should i be compensated for this due to their delay?
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