Currency exchange rates in casinos

gambblex

Expanding Wild
Joined
Jul 16, 2007
Location
UA
Some time ago I've deposited from USD Ecocard account to casino where my account currency is EURO. Very f$%kin smart,I agree:mad:

I have a nice looking balance there now. I've made a small WD to see what I'll receive. I've received 71.71 USD for 50 EUROs withdrawal two days ago

1.4342 :puke:

They DO NOT ALLOW me to make a EURO deposit and withdraw EUROS without conversion

They say that WINNINGS GENERATED FROM DEPOSIT must be paid to the same account from which deposit was made and this isn't the only interesting thing they told me.

But F$^ck,show me where it is stated (please)

And where they get their conversion rates?
 
Last edited:

thelawnet

Dormant account
Joined
Apr 4, 2005
Location
UK
Some time ago I've deposited from USD Ecocard account to casino where my account currency is EURO. Very f$%kin smart,I agree:mad:

I have a nice looking balance there now. I've made a small WD to see what I'll receive. I've received 71.71 USD for 50 EUROs withdrawal two days ago

1.4342 :puke:

They DO NOT ALLOW me to make a EURO deposit and withdraw EUROS without conversion

They say that WINNINGS GENERATED FROM DEPOSIT must be paid to the same account from which deposit was made and this isn't the only interesting thing they told me.

But F$^ck,show me where it is stated (please)

And where they get their conversion rates?
my guess is the exchange rates are set by ecocard.

So direct any complaints to them.
 

chayton

aka LooHoo
webmeister
PABnonaccred
CAG
Joined
Jun 5, 2006
Location
Edmonton Canada
I'm in Canada and I play at quite a few casinos that are in US funds - I notice that the exchange rate when I deposit is a little higher than when I withdraw depending on which eWallet I use. Is it possible that the ewallets charge a little fee for doing the conversion?
 

actech

Dormant account
Joined
Apr 28, 2008
Location
d
would be surprised if ewallets would not charge a good conversion fee. and casinos also........
 

gambblex

Expanding Wild
Joined
Jul 16, 2007
Location
UA
I also noticed before that different MGS convert at different rates.

Moneybookers add 1.99%: "This charge serves as a protection against the volatility and risk associated with FX markets. The Moneybookers exchange rates are updated on a regular basis throughout the day"

I also often see portals which have pokerroom.sportsbook,casino etc. have "My account" in USD but casino account is in EUR. So I just cannot avoid conversion.
 

wangpoker

Full Member
webmeister
PABnononaccred2
Joined
Jun 29, 2006
Location
Ontario/Canada
ewallets as credit card companies add 1.5%~3% charge up to the "real-time" exchange rate. It's normal in the industry. How to avoid the charge? Open a USD MB account and USD player account because USD is still the most common currency.

For Canadians, if you already have a CAD MB account, send a request to close it and open a USD account instead. Don't use Click2pay. Exchange loss is very high.
 

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