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The Costs Of Withdrawing Via Different Methods

Joined
Jan 15, 2007
Location
australia
Hi Everyone,
Just a couple of days ago I recieved confirmation from my bank as to the final amount that had finally been credited to my account by Lucky Red Casino, when I checked the amount it didnt seem correct, i contacted tham and they confirmed that there charge for withdrawing via wire is 35 euro (approx $47.00 usd) by the time other processes handled it according to Lucky red this is where the extra charges have come from the cost of withdrawing via wire transfer was $62.70 (usd)all up.

The only charge from my own bank came out later and that was a mere $10 aus..

What have been the costs of your recent withdrawls via which methods and which casinos, this could be a very interesting excercise to compare..

puppy
 
Once i made a withdrawal accepting a check. It took several weeks and about 40 dollars were deducted from the original amount of about 200 USD. From that point on I only play in casinos (including bingo and poker sites) that accept and pay out via e-wallets. Personally I use Moneybookers: Fees = 0 and crediting is instant once the pending time has expired. I think the same goes for Neteller.

Cheers Balky
 
Once i made a withdrawal accepting a check. It took several weeks and about 40 dollars were deducted from the original amount of about 200 USD. From that point on I only play in casinos (including bingo and poker sites) that accept and pay out via e-wallets. Personally I use Moneybookers: Fees = 0 and crediting is instant once the pending time has expired. I think the same goes for Neteller.

Cheers Balky

It depends if you are depositing in a different currency.

I have Neteller and Moneybookers in GBP but deposit into some casinos (RTG usually) in USD so am charged the 2.5% exchange fee by Neteller, 1.99% by Moneybookers on both deposits and withdrawals. I also have the same problem when I use casinos in Euros.

For casinos in my own currency I use webwallets and debit card and am never charged.
 
I also generally use an ewallet, so no fees are charged back and forth to the casino.

Loads and withdrawals to the ewallet are kind of expensive, so I do those as seldom as possible. Sometimes I'll even load to a casino via another free method, then W/D to the ewallet, just to avoid fees. But that often smacks into casinos' anti money laundering restrictions. Depends on the shop.
 
Hiya: Some Casino's will send you the money semi dirrectly. That being, a check or money order, and there is no cost, or like at bodog, the first one per month is free, then $40 each for any other withdraws in the same month.

Far an Away, the worse is E Wallet Xpress. Some Casino's require any money deposited into it thru E Wallet, can only be withdraw back to E wallet. The thing is, E Wallet Xpress charges 10% to deposit the money back into your bank acct. Win $2000, and it cost you a whopping $200 to get the money back into your bank.:mad:
 
well i just had 3 dice send me a 150.00 check and there was no fee there from them
small i know but a draw none the less :):) also ive gotten checks in the mail in the past from others with no fee attached
just have to walk it in to your bank and deposite it :)
 
Best....

The ultimate best is Credit/Debit Card I think.

Regarding E-Wallets I think recently Moneybookers is the best. There is no upload fee recently, and withdrawal fee for card is only around 2 dollars. The same for wire trasfer, but it is only good in case they have an account in your country as well. Other E-Wallets costs more. Neteller's withdrawal is about 7 Euro for Bank Transfer + additional fees by your bank (that is 10 Euro for me, so alltogether 17 Euro, that is high). ECO is 10 Euro for withdrawal. I think after Moneybookers Entropay is the best, they also have very low withdrawal fee of about 4.50 EURO for Credit Card withdrawal.

So Moneybookers and Entropay!!! :cool:
 

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