NETELLER.

[edy g]

Hi,
 can anyone here tell me anything good about neteller?
 From what i can see their fees/charges are extortionent,i signed up and made a deposit from neteller to an online poker site[£120]and they charged me nearly a fiver for the privilidge.
 If you get an atm card with your account they charge you £2 per withdrawel from the hole in the wall,they even charge if you just check your balence.
 Are they good for hiding cash?
 Are they good if you dont want to cashout to your bank? 
 I dont need either of those 2 points above,but would love to know why neteller seem to have such a hold over gaming deposits when my barclays debit card does a perfectly good job.                     
         Thanks in advance for the replys guys and gals

[Sheriff Fatman]

Most major sites are funded in US$.  Moving money in and out of them with a debit card incurs exchange rate fees at every step.  With Neteller it costs nada.

Sheriff

[Ironside]

it was the site that charged you not neteller and most sites dont charge you

[Sunday8pm]

Hi,
 can anyone here tell me anything good about neteller?
 From what i can see their fees/charges are extortionent,i signed up and made a deposit from neteller to an online poker site[£120]and they charged me nearly a fiver for the privilidge.
 If you get an atm card with your account they charge you £2 per withdrawel from the hole in the wall,they even charge if you just check your balence.
 Are they good for hiding cash?
 Are they good if you dont want to cashout to your bank? 
 I dont need either of those 2 points above,but would love to know why neteller seem to have such a hold over gaming deposits when my barclays debit card does a perfectly good job.                     
         Thanks in advance for the replys guys and gals

edy,

 i had a right barny with their live support once when i took out £450 via my neteller debit card.

I only ever saw £410 of this and asked them to explain, aparently, when you withdraw from neteller to the neteller ATM card it changes the currency (which is a total stitch up into Canadian $. Then when you take your money out of the cash machine, it changes the currency from Canadian $ to £ sterling. Both currency conversions  charge 2% commission, and about £2 to take the cash out of the machine, its also £2 to withdraw it to your neteller debit card.

All in all, the charges are a joke and i advise to steer well clear unless you really need to!

hope this helps,
Ben

[Div]

I think it probably depends on what you do with your online roll.

If, like me, you are a low limit grinder who is trying to work up the rungs, then Neteller is great because its a mostly free way to swap cash between sites, thus utilising bonuses efficiently.

If on the other hand you are someone who likes to stick some cash into a site, and hopefully run up a nice profit then withdraw it to your bank and pay the credit card bill, mortgage, etc. or buy yourself a nice LCD TV, then it's probably not so useful due to the currency conversion charges, and other fees.

[edy g]

thanks Ben,yes that helps.
iron,neteller charged me to deposit from my debit card to my neteller account [4.88 for 120 quid]
thanks Sheriff,so its good if you want to shift us dollars from pokersites to neteller to other pokersites?

[londonpokergirl]

thanks Ben,yes that helps.
iron,neteller charged me to deposit from my debit card to my neteller account [4.88 for 120 quid]
thanks Sheriff,so its good if you want to shift us dollars from pokersites to neteller to other pokersites?

Hi Ed

Netteller is great for cashing from sites back to netteller, and then using netteller to gain deposit bonuses from other sites,  or thats what I use it for anyways

Mel

[Ironside]

edy as i have never depostied money or withdrawn money from neteller i dont know about that stuff i just move it from site to site only crpto skins have every charged me for using neteller

[edy g]

Thanks Div,  you posted while i was posting.......
    If, like me, you are a low limit grinder who is trying to work up the rungs, then Neteller is great because its a mostly free way to swap cash between sites, thus utilising bonuses efficiently.

If on the other hand you are someone who likes to stick some cash into a site, and hopefully run up a nice profit then withdraw it to your bank and pay the credit card bill, mortgage, etc. or buy yourself a nice LCD TV, then it's probably not so useful due to the currency conversion charges, and other fees.


   I am very much the 2nd of your 2 examples .
  thanks i appreciate the replys.x

[edy g]

Thanks Mel.x.   
"edy as i have never depostied money or withdrawn money from neteller i dont know about that stuff i just move it from site to site only crpto skins have every charged me for using neteller"     Cmon Iron you are the master,you should know about that stuff,its internet man!!

[Longy]

edy,

 i had a right barny with their live support once when i took out £450 via my neteller debit card.

I only ever saw £410 of this and asked them to explain, aparently, when you withdraw from neteller to the neteller ATM card it changes the currency (which is a total stitch up into Canadian $. Then when you take your money out of the cash machine, it changes the currency from Canadian $ to £ sterling. Both currency conversions  charge 2% commission, and about £2 to take the cash out of the machine, its also £2 to withdraw it to your neteller debit card.

All in all, the charges are a joke and i advise to steer well clear unless you really need to!

hope this helps,
Ben
[/quote]

Nasty story Ben and that sounds like a right rip off. Though to balance the story, i registered my bank account with them which cost nothing. They then charge me a quid to withdraw however much i like, which seems reasonable to me.
I only use neteller when i can't use my debit card as there are some american sites out there with nice bonuses which i couldn't take advantage without neteller.

[TheWhisper]

If I want to just move money around different poker sites, is it best to keep the currency in US$?

[Sheriff Fatman]

Yes, keep it in US$.

That way you only need to worry about exchange rates when making a deposit from/to your bank account, rather than on every transaction into and out of a site.

If you actually want to cash US$ to a UK bank account the best option I've found is to use Party's transfer to a Switch card option (you can chop and change between this and Neteller at Party without problem).  The exchange rate is excellent and the funds will hit your account in a couple of days.  You can go via Neteller to a UK bank account but I imagine that the rate would be much worse.

Sheriff