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#21
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I've made over $200,000 worth of Neteller transfers, and paid a total of $0 in fees. Either initiate an instacash transaction from the poker client (they then pay the fee ... doesn't work at party), or do an EFT through the Neteller website (takes 3-5 days). [/ QUOTE ] So if a player deposits via Credit Card to Party and withraws via Neteller, the player pays 8.9% to withraw to Neteller? -SDM |
#22
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No the fee is for accessing deposited money (from your bank account) instantly.
Withdrawals from sites and EFT's are fee free. Rom |
#23
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Thanks.
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#24
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Heya, I guess this is a good place for a lurker to make his first post.
I need to emphasize that InstaCash involves only NETeller and the account holder. Account holders are basically paying 8.9% to receive an advance on their deposits. Electronic Funds Transfer (EFT) - transfer of funds from bank account to NETeller account takes a few days to process - no fees - transfer from NETeller to merchant is instant InstaCash - transfer of funds from bank account to NETeller account is instant - 8.9% service fee (added to the amount transferred) - transfer from NETeller to merchant is instant For example, let's say you wanted to deposit $100 into your NETeller account. EFT - takes a few days to process - $100 withdrawn from bank account - $100 deposited to NETeller account InstaCash - instant processing - $108.90 withdrawn from bank account - $100 deposited to NETeller account Merchants (ie. online poker rooms) can cover the service fees, but none of the poker sites are foolish enough to actually do this. That said, I am not nearly the most knowledgable on the current pool of merchants. Perhaps someone knows of a site that covers/reimburses InstaCash fees (doubtful IMHO). As others have stated, the best approach is to stash part of you bankroll on NETeller and always use EFT's to move your money. |
#25
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Some sites do cover instacash fees (pokerroom?). I can only presume that they would have some sort of arrangement with NETeller over this though since thats a lot of juice to take considering that 8.9% doesn't even cover NETellers charge to the merchant for depositing funds......
Rom |
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