Transfer cash diffrent sites.

Posted 6 years ago

Hello. When withdrawal to VISA card the bank takes a % I believe so Im guessing what "e--money/e-wallet" do you guys use? Like, Skrill, Neteller, PayPal?
Which is the "best" , does it matter which I use?
PokerKim

Last Post 6 years ago by

PokerKim

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Posted 6 years ago
I use Skrill and Neteller. I use Skrill for $ and Neteller for €. Not sure which is best. I haven't really done a ton of research on the fees etc. Main thing for me was to have 2 different currencies so that I am not also losing money with exchange rate fees as well as transfer fees when there are some. I play on some € sites and some $ sites, so I want to have both currencies. I think NT will now let you open a 2nd account in a different currency once you verify your account and reach the Silver level. I got a free silver upgrade through the place i signed up, but didn't know I would be able to do the second currency until I already had Skrill.

I just transferred from NT to a poker site today and didn't pay any fees. Not sure what happens when you withdrawal. I would have to go back and look. The challenge is when I withdrew I was withdrawing € to my skrill account so I had to pay a conversion fee to go from € to $. I know there are fees to transfer from NT or Skrill to a bank or from NT to Skrill or other places. Its usually a percentage up to a certain amount. Like 3% or something.

I know NT has cards you can get and use to pay for stuff, but don't know anything about them, like fees etc. Both of them have 2 factor authentication that I use with an app on my smartphone, so they are pretty secure.
Posted 6 years ago
Thank you for the reply!
When you deposit from a bank/creditcard I dont think its a fee, and as you said its the same with NT. But when you withdraw the bank take some fee.
Im not sure what fee NT or Skrill take here? Or if the only fee they are taking is when you transfer from the bank to the Skrill or NT. Maybe you can look how its been in the past, if you got some "records" ?

Good note with the $ and € transfers, thanks!
Posted 6 years ago
Yeah just checked on skrill. There are no fees to withdrawal from poker sites. However, as I suspected I get kind of hosed on the exchange rate. When I withdrew from Betsafe in € to skrill in $ I got a 1€=$1.105 and at the time the open market was trading at €1=$1.15. Hence the reason to want to keep some of my bankroll in $ and some in €.

I have yet to do a withdrawal from NT, but I think they operate the same and may even be affiliated somehow, so I would expect there to be no fees when I withdrawal from them.

The fee I paid to transfer from Skrill to NT was 3% on NT's side. I paid some merchants for some poker tools out of skrill and looked like the fee for those was around 2%. I also know both of them have fees to withdrawal to a bank account, but I believe it is less than the 3% to do service to service or service to merchant. Just looked around both sites and actually can't find a list of the fees, but would imagine when you sign up they should have something somewhere.

Main thing is, normally you can only have 1 account associated with an email address and maybe even with a physical address and it can only be in 1 currency. Which is why I opened accounts in both. There is a site called Ecopayz that you have one account and can have up to 3 currencies that you can chose. So you could do £, €, and $. I live in Costa Rica and they will even let me do Costa Rican colones. They also have cards for the 3 main currencies. The challenge is, most poker sites don't accept them yet, but was told they are working on that. So probably not worth using them at the moment, but maybe in the future that would be the best E-wallet to go with.

Best of Luck
Posted 6 years ago
Perfect! Thanks alot for your help. Smile