Some Neteller questions

[Hung]

Hi,

Did anyone ever had to pay for the use of Neteller?
Sometimes I read about players that have to pay a fee for deposits or withdrawels.
I have been using Neteller for (I think) 2 years and I have never paid 1 cent for the use of it. Poker sites always pay the deposit fee or withdrawel fee.
How much does a site pay for our deposits or withdrawels? Is it 2% or more? I heard it was 7%!! I can hardly believe this. Some sites offer extra bonus when you deposit with neteller. So why would they do this if the fee is 7%. Imagine I would deposit $1,000 for $200 bonus. This means the site has to pay $70 fee and $200 bonus. It seems a bit unreal.

Your thoughts?

[daveymck]

Maybe the Neteller fee is less than Credit Card fees, for some reason I think the CC companies charge 10% but that may be a completely made up figure.

[TobDog]

All the fees are clearly on the site, the fees most everyone talks about is the instacash fee, it is a % of the puchase, the big sites mostly pay for this, some dont, I dont have a list for that sorry. If you use the debit card, there is a fee loadig the card and at the atm and the store if you use it there( a fee not %) you can request a check form them and they do charge for that($2.00 there is postage and paperwork that costs a little). As far as I know thats it, Im sure some who use it more to its fullest can chime in here, I mainly use it to store $ and then EFT to my bank(all free)

tobdog

[TobDog]

Most CC companies dont allow gambling transactions here in the US, btw the merchant fee for Visa and MC if swiped is around 1.5%, manual keyed in around 2.5-3% from what I remember of recent conversations, I know that online transactions are different, but the % goes up with the risk of theft and you have to enter all those #s from the back of the card online everytime, so I would assume that negates some of that liability.

[Hung]

Is the % of instant cash unlimitted?
If I would deposit $5,000 does the site has to pay a lot more?
Why would a site offer extra bonus on neteller if they have to pay more for it?

[tubalkain]

Because they only pay 2% on balance transfers and bank account transfers?