Neteller is by far the worst when it comes to fees, much worse than Ecopayz. But then they know that mostly gamblers are using their services and that we accept just about anything to have our punt/spin
My Neteller account is in EUR as i registered some 15 years ago while still living in Europe. Nowadays, my casino accounts are in AUD, hence, they hit me multiple times with their fees:
- Upload to Neteller from my bank account:
- bank account is in THB
- currency conversion fee charged plus a much lower exchange rate
- on top upload fee of 1.95%
- result: 100AUD upload --> actual cost: 112AUD
- Ecopayz --> 106AUD
- Deposit to casino
- currency exchange fee charged again and lower exchange rate applied as it converts now from EUR to AUD
- result: total cost to deposit 100AUD --> 118AUD
- Ecopayz --> 106AUD
- Magically i make it to a withdrawal and the charges start again:
- currency conversion fee + lower exchange rate applied
- result: withdrawal 100AUD --> amount credited to my Neteller account: 94AUD
- Ecopayz: no cost, as EP account is in AUD
- Happy that i won something i go to the ATM to withdraw the dosh:
- currency exchange fee and lower exchange rate applied yet again
- ATM withdrawal fee - 1.75%
- Thai bank charge: 200THB = 8AUD
- result: from the 100AUD winnings withdrawn from the casino i can withdraw only --> 80AUD
- Ecopayz: 89AUD
TOTAL RESULT:
- for turning around 100AUD from upload to NT, deposit to casino to withdrawal at the ATM, Neteller makes appr. 30AUD
- Ecopayz: 17AUD
Comprende?! Money printing machine for the Neteller owners.
And to be honest, i laugh every time when i read a casino rep stating they absorb the deposit and/or withdrawal fees. I am sure that is not 17 or 30AUD on 100!