www.888.com - dubious bonus regulations

[vinylweatherman]

I have seen this term only with 888 and reef Club. Any request for an explanation for the policy is stonewalled. Neteller have no knowledge of this, and most casinos will even offer an extra bonus for using Neteller or MoneyBookers.
When I last looked it was just 50x for Neteller, but Reef Club then introduced the 200x after I joined. Their support did confirm to me that they did indeed prefer credit cards over any other method, and the only logic to this would be to freeze out American players who will find it impossible to use a card.
Odd really, since they only use DOLLARS, but want us to use our STERLING and EURO credit cards over an account we may open with a web wallet in DOLLARS - this results in a fat little earner in currency conversion fees, and this may be how they make money by preferring credit cards over Neteller and MoneyBookers.
They are NOT the world's number one, that is only what they say. The world's number one casino would have no need to advertise over the Urinals at Leicester Forest Motorway Services !!!!

[GrandMaster]

Originally Posted by vinylweatherman

Odd really, since they only use DOLLARS, but want us to use our STERLING and EURO credit cards over an account we may open with a web wallet in DOLLARS - this results in a fat little earner in currency conversion fees, and this may be how they make money by preferring credit cards over Neteller and MoneyBookers.

It is the card issuer, not the casino, who makes money out of the conversion. I recommend Nationwide Buildings Society cards, which do not charge a currency conversion fee.

[vinylweatherman]

Originally Posted by GrandMaster

It is the card issuer, not the casino, who makes money out of the conversion. I recommend Nationwide Buildings Society cards, which do not charge a currency conversion fee.

Although card issuers make the money, a merchant can negotiate a special deal with card processors if they can offer a steady stream of premium transactions, such as players having to use Dollars. As there is so much competition, they will be left with the low rolling casual market who do not play enough to warrant opening webwallet accounts. This could be the market they are after, as such players will be more likely to play less skillfully, giving the casino a better return on table games and video poker.
The fact that this issue is now about Moneybookers shows they are actively seeking to freeze out alternatives to cards. A while ago it was only Neteller that had this unfavourable treatment, but Moneybookers was listed as an alternative. They do not seem to offer to much in the way of non-card deposit methods that are not subject to these restrictive terms.