Pokerstars reload bonus question

[pzhon]

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Which sites do cover Instacash fees?

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I think it's EXTREMELY unlikely any sites do that.

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I'd bet there are a lot of sites that do. I believe many online casinos cover the InstaCash fee. Pacific Poker is closely connected to CasinoOnNet, and I believe it treats the InstaCash fee as a bonus you have to work off.

From the poker rooms' perspective, the vast majority of the money that goes in gets churned enough to pay more than 9% in rake. Only a small percentage of the money in the accounts is ever withdrawn. That's why casinos used to give great deposit bonuses with low wagering requirements.

[wonderwes]

Say you Instacashed $500 at 8.9 = $44.5

Now do you see the fees get put also on your bank statement and they pay you the extra cash in fees, or does your bank get charged the amount you requested $500, and the fees are just taken off?

[playersare]

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Say you Instacashed $500 at 8.9 = $44.5
Now do you see the fees get put also on your bank statement and they pay you the extra cash in fees, or does your bank get charged the amount you requested $500, and the fees are just taken off?

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I believe what happens is that 108.9% of your requested transfer is sent from your bank account to Neteller, and then the 8.9% fee is taken out of Neteller.

so a $500 instacash transaction would look like this:
deposit - $544.50
instacash fee - $44.50
balance - $500.00

[Thythe]

Here's a swell idea. Don't use instacash...ever...Even if a site does cover it, we're all eventually paying for it by higher rake, less bonuses. Just use regular Neteller transfers like everyone else does.

[benkahuna]

They ALLOW instacash, but they don't cover the fees.

You pull out 100, they charge your bank account 108.90. So you get 100 in your account at the poker site, but you've paid a fee.

[playersare]

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They ALLOW instacash, but they don't cover the fees.
You pull out 100, they charge your bank account 108.90. So you get 100 in your account at the poker site, but you've paid a fee.

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first you said that it was "extremely" unlikely that any sites cover instacash fees, which is absolutely completely wrong.

now you say that Poker Stars will "allow" instacash, but not cover the fees? that is also incorrect. Poker Stars accepts regular Neteller, ONLY. where in the poker stars cashier does it even MENTION the word instacash? you use instacash at an 8.9% fee to transfer from your bank account to your OWN neteller account, THEN you transfer using regular neteller to poker stars. poker stars cannot not take $108.90 directly out of your bank account for a $100 deposit. in fact, NO SITE will do this. they themselves will get charged $8.90 (or whatever the fee is for merchants, if different), and then it's their choice whether to eat that percentage, or charge it against your bonus, or increase your WR. if they don't want to deal with instacash fees, they have the option not to accept it, just like the party skins, full tilt, william hill and a few others.

[benkahuna]

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first you said that it was "extremely" unlikely that any sites cover instacash fees, which is absolutely completely wrong.

now you say that Poker Stars will "allow" instacash, but not cover the fees? that is also incorrect. Poker Stars accepts regular Neteller, ONLY. where in the poker stars cashier does it even MENTION the word instacash? you use instacash at an 8.9% fee to transfer from your bank account to your OWN neteller account, THEN you transfer using regular neteller to poker stars. poker stars cannot not take $108.90 directly out of your bank account for a $100 deposit. in fact, NO SITE will do this. they themselves will get charged $8.90 (or whatever the fee is for merchants, if different), and then it's their choice whether to eat that percentage, or charge it against your bonus, or increase your WR. if they don't want to deal with instacash fees, they have the option not to accept it, just like the party skins, full tilt, william hill and a few others.

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I said "I think" which is correct to the best of my knowledge. Do you know otherwise about what I think? If so, we really must talk.

I never said anything about whether pokerstars would specifically allow instacashing. I mentioned the specifics of instacashing, however. You just assumed that I meant in regards to pokerstars. You assumed incorrectly.

I suggest focusing more on reading comprehension than on trying to disprove the statements of others. You lack effort in the former and success at both.

[Sniper]

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I said "I think"

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Ben, for what its worth, when someone asks a question, they are looking for a correct answer. If you don't KNOW the correct answer, then there really is no reason to reply, is there.

By replying with incorrect information, you are causing more harm than good.

Especially when you could have determined the correctness of your thoughts, in less time than it took you to respond incorrectly in this thread!

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