| Posted by: ratpfink at June 29, 2005, 6:57 am | | Topic: Neteller currency conversion fee crypto questions Forum: Bonus Whores | I just put money into UK Betting. I got a 1.8508 exchange rate on the deposit, but only 1.8219 on the tables themselves.
xe.com reports the current rate as 1.80263.
So to recap
On deposit my $1 bought .5403 GBP
At the tables my $1 bought .5488 GBP
At the current exchange rate my $1 buys .5547 GBP
So I get a crappy rate on my deposit that works out to be a "1.5% fee" when you compare it to what exchange rate you get at the tables. Bastards. | | Static Link |
| Posted by: ThuNd3r at June 28, 2005, 5:19 pm | | Topic: Neteller currency conversion fee crypto questions Forum: Bonus Whores | Naiss wrote: ThuNd3r wrote: Which crypto sites will you get charged a currency conversion fee when depositing?
What % fee will you get charged by neteller and does this apply when depositing and withdrawing?
Basically any of the UK sites like UKBetting etc but not Interpoker, Pokerplex or Sands.
The cost is roughly 5-7% each way including a set 1.9% fee.
For instance I bought $900 last Tuesday for Absolute and it cost £508 which works out as $1.77. I cashed in $800 and received £428 which works out as $1.87. That's known as the spread, a pound is only worth $1.77 when I want to buy dollars but when I want to buy pounds it's valued at $1.87.
The real value on the market is $1.82.
So if I deposit and withdraw its going to cost 5-7% + 1.9% each way meaning I'll lose almost 14-18% of my money just from exchange fees?? That sounds horrible. | | Static Link |
| Posted by: Naiss at June 28, 2005, 10:20 am | | Topic: Neteller currency conversion fee crypto questions Forum: Bonus Whores | ThuNd3r wrote: Which crypto sites will you get charged a currency conversion fee when depositing?
What % fee will you get charged by neteller and does this apply when depositing and withdrawing?
Basically any of the UK sites like UKBetting etc but not Interpoker, Pokerplex or Sands.
The cost is roughly 5-7% each way including a set 1.9% fee.
For instance I bought $900 last Tuesday for Absolute and it cost £508 which works out as $1.77. I cashed in $800 and received £428 which works out as $1.87. That's known as the spread, a pound is only worth $1.77 when I want to buy dollars but when I want to buy pounds it's valued at $1.87.
The real value on the market is $1.82. | | Static Link |
| Posted by: Alphaunit1 at June 28, 2005, 6:28 am | | Topic: Neteller currency conversion fee crypto questions Forum: Bonus Whores | Any site that you are depositing money frmo a USD account to a GBP account - where the currencies are different. (For American players, Littlewoods, TotalBetPoker, and UKBettingPoker are all GBP based.)
Fee is 1.9% on all transactions, both deposit and withdrawals. The fee "comes off the top" of the transaction, so you won't see it directly - it is accessed as an adjustment to the current currency conversion rates. | | Static Link |
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