Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 02-16-2005, 01:14 PM
AleoMagus AleoMagus is offline
Senior Member
 
Join Date: Oct 2003
Location: Victoria BC
Posts: 252
Default Neteller Canadian Exchange

Maybe I'm missing something about the way money and exchange rates work, but this seemed strange to me...

A withdrawl to Cdn$ on Neteller right now has an exchange rate of 1.207 Cdn for each american dollar.

But...

A Deposit has an exchange of 0.7974 American for each Cdn$.

This would mean that if I withdrew $100 US, I'd get about $120 Cdn, but that if I deposited this same money back on to neteller, I'd only get about $96 US.

Shouldn't the exchange be the same either way? I could understand some sort of fee established for these transactions, but this seems to be a hidden cost.

Regards
Brad S
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:17 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.