Neteller Currency???

[Maroon]

Is it best to set up Neteller to £ or $?

[Sheriff Fatman]

Keep it in US$ - fewer cross-currency transactions that way.

That way you can move money easily from one site to another in US$ without incurring exchange costs every time.  The only time you will do so is when you eventually cash out from whichever site you choose.

Sheriff

[Maroon]

Thanks Sheriff. 

[I KNOW IT]

Also, ask for their debit card, You can usually access your money from US sites that way in about 2 days, instead of 4-5 days for cheque to arrive and another 5 days waiting for it to clear.

[Maroon]

Nice one.  Cheers.

[Sheriff Fatman]

Be careful with the debit card though.  The fees are high.

You transfer from Neteller onto the debit card which goes via a US$ - Canadian $ - US$ route so you end up with less than you started.  You then have to convert again from the card in US$ to Sterling at the cash machine.

Last time I did a transaction that way, the exchange rate ended up at over $2 to the £, since which time I've used the Party debit card option.

Its worth having a Neteller Debit Card, as you can get cash quickly if you need it.  However, I wouldn't recommend it as your everyday form of cashout.

Sheriff

[I KNOW IT]

I thought so too, but when I rang they told me the xchange rate was $1 - 0.53p, which didnt seem too bad, for the easy access it allows.

[Sheriff Fatman]

I thought so too, but when I rang they told me the xchange rate was $1 - 0.53p, which didnt seem too bad,

Yeah but that's presumably just the final card to cash transfer.  The sneaky Canadian $ one probably wasn't included.

[Ironside]

not tried it but thought you could now transfer straight to and from your bank account to neteller

i keep my account in $s as i transfer to and from sites in $s all the time