blonde poker forum

I can't work out any advantages to using this over your debit card for payments/withdrawals from your poker account.  Can someone who uses Skrill highlight the reasons for doing so?

Thanks.

Make Skrill VIP and it starts to be more appealing.

if you have a $ skrill account, it means you can pass money in and out of skrill and poker accounts without any pricey exchange rates happening, also i believe there is no charge for depositing and withdrawing in and out of skrill and the poker sites.

It means you only bear the brunt of the one time you need to be hit with a currency exchange when you withdraw to your bank, rather than constantly withdrawing to bank, depositing to poker sites and basically continually getting done over for snippets of your hard earned cash each time.

The alternative obviously, is to have a $ bank account but then those are riddled with charges for depositing from that make it not really worth your while, so having a money wallet for a person mvoing a decent amount of $$$$ is a good investment.

as said above it is pretty good once upgraded to vip (or professional gambler status as they call it)

Advantage is also if you play on many sites it is much easier to withdraw using Skrill - no need to be constantly sending copies of your driving licence all over the place etc.

does neteller have similar privilgies for the vip and can anyone tell me what the vip advantages are?

so how would it affect me if i was using it for stars.fr? each time i deposited and converted to € id lose £?

I recenlty withdrew from Betsafe and they robbing ***** charged me £390 to withdraw said it was due to conversion rates!

Every time your currency changes, some financial institution applies a rate at which the money is converted.  Unsurprisingly, built in to that rate is a fairly fat margin for them.  That they should make profit is of course fine, but they also build in a margin "against fluctuation" despite executing plenty of transactions the other way around where they benefit from said fluctuation.  I confess I am always amazed (given the advancement in poker understanding in general in recent years) who widely neglected the subject of currency exchange is.  For someone with no understanding, I would encourage you to walk into a Bureau de Change with £100 and ask for dollars.  Walk round the block, go back with the dollars and ask for £.  When you get considerably less than £100 for it, you will start to understand how bad it is.  It wouldn't take many such walks round the block before your £100 turned to dust.

So, for poker players with multiple poker accounts in $, MB allows you to move money conversion rate-free whenever you go skint on one site, win on another and care to move money across.  This assumes you have your MB account in USD!

Stars are in a class of their own with the functionality to have 4 currencies within your cashier.  This means you can play in $ and withdraw in £ if you like at spot rate but this is very much the exception and not the rule.

So with a USD MB account, you can stop paying so many currency charges whilst you move money around, you simply pay once at the point of withdrawal.  In the old days, you could win $10k playing poker, withdraw it to your bank for a holiday to Vegas and then take the ££ to an FX Bureau to receive about $9k (the effect of the Bureau + bank charges)  Poker players are renowned for being tight on fractions of a percent, but are often oblivious to this massive scalping, which is all very puzzling.  Now, you could get a MB debit card in USD which means $10k poker profit = $10k for you to access in USA.  There may be some usage charges on the card, but these are waived at VIP level.

Ah yes, VIP level.  Tighter spreads, higher limits, points on transactions, where you can get cashback or use to get ipads etc for free.  Withdrawal fees refunded. The debit card is free and you can open a second (and eventually third) currency.  So now you would have £ € and $ covered.  Great for holidays, keep a few notes lying around and then start taking out €500/day locally from ATMs as well as using it at points of sale.  And last but not least, you can be an absolute boss in one of these:

(http://moneybookers.loyaltypointstore.com/images/380/380/SKR10.jpg)

Thanks for the above replies.

I have a Lloyds USD/EUR account and use my moneybookers accounts to withdraw straight to them so I don't lose any money getting my online money to live money for when I feel like losing chunks in Vegas etc.

MoneyBookers is brilliant. absolutely brilliant.

The VIP bit is excellent, although I've yet to receive a dressing gown, wtf is with that?

Im considering doing the above description about VIP with neteller, because skrill is in £ for me and under FAQ they are against changing currency, may ask them to make an exception. I do have to ask though. Where are skrill making their money from you if you are depositing and withdrawing for free? and anyone know if neteller are as good?

Skrill charge you to withdraw, but Neteller charge more.

This goes back to the misunderstanding about FX.....

Today £1 = $1.568

If you go to a Fx Bureau they might tell you "$1.52 commission free"  Everyone thinks.. "great, no charges... how do they make money"  But with a little bit of thought, you will see how their charges are absorbed in the rate they offer.  Also ofc, if you come back from Vegas as the only Brit with any money left, they will give you £1 back for every $1.61 you give them.  But commission free, so that's all-right then..

MB may or may not also make money by charging vendors for your deposits etc (pretty sure they do)

So let's say you have $1k to withdraw from MB, that should be about £637 if no-one made any money from you.  But MB usually add about 3%  (don't think this is super dirty, the banks are doing the same thing) and you are more likely to get ~ £620.

I use Neteller.

Thinking of moving to Skrill though.

Will Skrill match my  NetellerVIP level on opening an account?

My money would be on "no" - but I guess give them a chance to surprise you?

Had a ruck with Hilton a couple of years ago.

Emailed Marriott and thy insta gave me Platinum membership, which was nice :)

I'll give Skrill a chance to do the same.

I have been neteller for 6 years now , is it easy for me to swtich/worth it?

Was reading through the promos earlier...

https://www.moneybookers.com/vip/benefits/ (https://www.moneybookers.com/vip/benefits/)

What are the charges to send money to others on Skrill (person to person transfers)?

Also, if there are no charges, wouldn't if be very easy to meet the "transacting" requirements to get through the VIP levels? Pretty sure I'm missing something there...

I will answer both questions at once, as my spidey sense leads me to believe they may be linked...

'Transact' means with a recognised merchant, not P2P with your best mucker who ships you back so that you both get in...  The P2P charge is variable depending on size, but I have never noticed being charged any more than about 70c and often a lot less than that.

However, a pro gambler should have no problems transacting sufficient with poker sites to meet entry level requirements...

Actually they weren't linked, was more thinking along the pro gambler line who might deposit and withdraw a large amount to a poker site and instantly become VIP. I notice actually that most poker sites are on the restricted list that don't count towards VIP status. I couldn't find Pokerstars on the list though

The P2P thing was me just wondering how efficient it is as a way to stake/send money to people given how hard it is on certain poker sites to be able to do that

Neteller used to charge for P2P, it is currently free.  I don't believe this is a permanent thing, but obv it is, that's something to consider also.

Some of the piddly gaming sites are barred from VIP promos (presumably people have used these sites to game the promotions) and they can and do remove VIP status from people that try and rip it.  That said, a pro gambler is entitled to win a few grand on one site and go skint on a different site and need to balance up. 

Yes, and wasn't the Neteller charge a % of the transfer which certainly didn't work out at less than $1 at least when I had tried it

I can't remember what happened a few years ago.. Neteller did stop US players accessing their accounts and it took them a long time to pay out iirc.  I'm not sure if they did this ethically and was under a 3-line whip from DoJ or if it was just dubious business practice, but either way, it was a black mark and I have a preference for MB who so far, have been superb.

Just signed up for a skrill account and was intrigued by the necessity to declare whether a deposit was to be used for gaming or non-gaming transactions.  Does anyone know why they ask this?  Is there any downside to ticking non gaming when it is for gaming? What if you are going to use it for a mix of gaming/non-gaming?

gd question actually, when I read your post I assumed i knew the answer but i dont think I do. I'm sure Simon will be able to tell us though :P

if u click non-gaming you won't be able to depo to stars/gambling sites iirc

This is what I saw someone quote on the world wide web when I consulted my friend Mr. Google. Was hoping someone knew why?

I think its because gambling sites are the sites most used for transactions if someone stole your login details so you can choose to not allow gambling sites at all if you dont use it for that.