Posted by 1. It’s easier to transfer funds to multiple poker sites with an eWallet.
If you want to transfer money to poker sites with a credit card, you have to take it out every time and top up those accounts. That means you are entering all your personal and credit card information into every site you intend on playing at and keeping cash all over the internet. Instead, a NETELLER eWallet lets you keep your money (and personal information) in 1 place and allows you to move it around anytime. Think of the eWallet as your online cash cage.
2. It’s the fastest way to cash out of your favourite sites.
Getting your money out of a merchant site can be a real pain. They usually only offer slow and expensive options such as cheques. That’s so old school. An eWallet allows you to instantly transfer money from your favourite poker sites back to your eWallet so that you can withdraw at ATMs or at point-of-sale terminals anywhere in the world.
3. Currency choice and foreign exchange fees.
Your eWallet lets you transact in multiple currencies because in the online world of luck and skill there are no borders. For instance, even if you live in the UK, you can easily transact online in US Dollars (USD). Just get a USD NETELLER account and once you have loaded your eWallet, you can move your funds to as many different online poker venues as you’d like without worrying about paying a foreign exchange (FX) fee every time (provided the merchant you deal with transacts in that currency or whatever your currency of choice is). In the long run, you’ll save big on FX fees.
Good luck out there!
Today’s post was written by Chris. He is one of our web writers, a comic book aficionado, news junkie and sports nut. Sit back, relax and enjoy his posts.
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#1 by UK on January 15th, 2010
it does allow you to play on a massive amount of sites when you include all the foreign casinos.
#2 by Chris Newman on February 14th, 2010
Sure you don’t pay FX fees when you move from one gambling site to another, but you get stung if you want to get at your money when you win.
I have a USD Neteller account and, as I understand it, if I want to cash out the amount will first be converted from USD to EUR at the rate of Neteller’s choosing. Then, if your bank account is not in EUR it will be converted AGAIN at the rate of your bank’s choosing.
The last time I did this, I lost $113 on a withdrawal of $3000.
Just in case I’ve missed an important development here, is there yet any way that I can withdraw US Dollars to my US Dollar bank account (which is held with Citibank in the UK, so no need to poo your pants about the UIGEA) without paying FX fees twice?
#3 by Tara on February 19th, 2010
Hi Chris,
Depending on your country of residence, it might be best to try a different withdrawal option, change the currency of your account or get a Net+ card. If you fill out our Request a Callback form, then an agent will call you back and help you figure out the best way to cut down costs when you make a withdrawal.
All the best,
Tara
#4 by lock on May 13th, 2010
same situation here, if i want withdraw money from NETELLER USD account to my BANK USD ACCOUNT , u still need to covert the USD that i have in neteller account to EURO before process to my bank USd ACCOUNT?
#5 by Tara on May 14th, 2010
@lock & @Chris I've just looked into it again and the issue is that we don't issue withdrawals in USD. Check out this FAQ for more information about how to withdraw: http://ht.ly/1L9fD