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Title: Exchange Rate (Is this usual practice) Post by: Kristian1 on July 15, 2012, 03:45:40 PM I recently joined 888 as a mate plays on there and deposited $60. In my second tourny I finished 2nd winning just over $800 I withdrew $500 with an exchange rate of $0.6675 giving me £333.75 when the funds were deposited there was only £308.67 the reason I was given, although the exchange rate when I requested the withdrawal was $0.6675 when the request was processed the rate had changed. Is that common practice as I have another $1500 I want to cash out and figure that on every withdrawal I'm going to get done 7.5/8% on an imaginary exchange rate. Any advice would be more than welcome.
Regards Paul Title: Re: Exchange Rate (Is this usual practice) Post by: MC on July 15, 2012, 04:05:40 PM I recently joined 888 as a mate plays on there and deposited $60. In my second tourny I finished 2nd winning just over $800 I withdrew $500 with an exchange rate of $0.6675 giving me £333.75 when the funds were deposited there was only £308.67 the reason I was given, although the exchange rate when I requested the withdrawal was $0.6675 when the request was processed the rate had changed. Is that common practice as I have another $1500 I want to cash out and figure that on every withdrawal I'm going to get done 7.5/8% on an imaginary exchange rate. Any advice would be more than welcome. Regards Paul Vaguely recall this from playing on 888 a few years ago. PokerStars def doesn't do this and expect most other sites don't either. Is not good protocol obv. Title: Re: Exchange Rate (Is this usual practice) Post by: Boba Fett on July 15, 2012, 05:41:00 PM They use their own exchange rate. Where it comes from is anyones guess.
Title: Re: Exchange Rate (Is this usual practice) Post by: Dewi_cool on July 15, 2012, 06:05:03 PM https://www.facebook.com/groups/216193971735013/?bookmark_t=group
Title: Re: Exchange Rate (Is this usual practice) Post by: Sheriff Fatman on July 15, 2012, 06:57:53 PM US$ Neteller account sounds like the way to go for the next withdrawal.
When you transfer to bank account from Neteller you'll see the Sterling conversion before finalising the transaction. Title: Re: Exchange Rate (Is this usual practice) Post by: Simon Galloway on July 15, 2012, 07:52:03 PM It will still be bad, but at least you will see it.
Title: Re: Exchange Rate (Is this usual practice) Post by: SuuPRlim on July 15, 2012, 08:54:43 PM you can cash off in $ to moneybookers cant you? That would be the best route imo.
Also, thin, very thin :D (I got it dw) Title: Re: Exchange Rate (Is this usual practice) Post by: strak33 on July 15, 2012, 09:05:11 PM I am on WSOP.com which is on the 888 (Pacific) Network and its the same for me. Cash out in $ to neteller and lose some each time.
On that note anyone want some WSOP.com for stars :) ? Title: Re: Exchange Rate (Is this usual practice) Post by: Kristian1 on July 15, 2012, 10:51:43 PM Thanks guys not the best news I've had but at least I know its legal for them to steal my winnings.
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