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Author Topic: Neteller, which currency ?  (Read 1410 times)
Karabiner
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« on: September 11, 2005, 06:41:19 PM »

Is it better to have your account in $$ or ££ ?

My thinking is that playing mostly on either Betfair or Laddies ££ would be better.

Any advice would be appreciated.
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« Reply #1 on: September 11, 2005, 06:54:09 PM »

It is probley better to just have your winnings paid directly £'s into







MY ACCOUNT
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Sheriff Fatman
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« Reply #2 on: September 11, 2005, 07:20:44 PM »

There was a similar thread on here a few days ago - Link to thread

Sheriff
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Karabiner
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« Reply #3 on: September 11, 2005, 08:08:21 PM »

Cheers sheriff, I've read that thread and still not sure.

Most people seem to recommend having a US$ a/c but as Betfair and Laddies

convert in and out of $$ every time you play I see no benefits.

The naughty nun's offer is interesting though  Shocked
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Ironside
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« Reply #4 on: September 11, 2005, 08:11:02 PM »

if your online poker sites at £ keep your neteller account in £ otherwise you will lose everytime you transfer

but if most of your transactions are in $s then keep it in $s
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Sheriff Fatman
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« Reply #5 on: September 11, 2005, 11:02:10 PM »

Karabiner

Much will depend on where you play online.  To me, Neteller is most useful as an online wallet for my US$ funds and as a tool by which to get cash in and out of US$ sites (which for me are the majority of sites I have accounts at) without incurring frequent exchange rate costs.

The UK Sterling sites such as Betfair and Ladbrokes are easily covered for me via debit card deposits and withdrawals which don't incur any fees or restrictions on amounts to cash out (i.e. they don't restrict me to cashing out upto the amount I deposited via the card and then waiting for the rest via cheque).  Therefore I can quite happily bypass Neteller completely for these sites and get the money to my bank account.

Consequently, the only purpose served by setting my Neteller account to Sterling would be to take away the fee-free option from the US$ sites whilst not actually adding anything to the UK options, which is why I recommend it be kept in US$.  The US$ sites, on the whole, are not UK debit card friendly for withdrawals, although you can get money into them that way quite easily.

Sheriff

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Karabiner
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« Reply #6 on: September 11, 2005, 11:21:49 PM »

Thanks Sheriff, that explains exactly what I needed to know.

K
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