Non UK Casino FEES on depositing

[Columbo70]

When playing non UK casinos I am getting charged a transaction fee TWICE!

Example:- on a European based casino. I deposit £200 and a 3rd partypayment merchant pop up flashes up on screen and charges me £205 approx ( I presume this is the txn for GBP into Euros). However on the casino my money is played in GBP......so im baffled about that. BUT THEN a day later my bank takes a 2.99% process fee too.

So im being chrged once on deposit and then again from my bank a day later

Is there a better way to get round this

 

[essuk]

Which casino

 

[Columbo70]

Which casino

Instaspin , Slotmonster , Memocasino ,

 

[Columbo70]

They say they have no fees...and dont conttol it

 

[L&L-Jan]

They say they have no fees...and dont conttol it

It can be your bank yes, its not uncommon

 

[Columbo70]

It can be your bank yes, its not uncommon

Its twice though...just wanted to know if anyone else pays fees on and after

 

[Mark_Lottomart]

Regulated UK casinos don't have this problem, just saying.

 

[essuk]

So these kinds of casinos usually debit in euros. No doubt you will see entries on your statement for all kinds of weird and wonderful companies you have never heard of. There is a bank foreign currency fee and potential costs with the conversion rates. The way to avoid it is to do a direct bank deposit as this will be made in GBP. HOWEVER be aware that by doing a bank transfer you will lose the protections offered by the visa and mastercard chargeback schemes.

 

[Mark_Lottomart]

When playing non UK casinos I am getting charged a transaction fee TWICE!

Example:- on a European based casino. I deposit £200 and a 3rd partypayment merchant pop up flashes up on screen and charges me £205 approx ( I presume this is the txn for GBP into Euros). However on the casino my money is played in GBP......so im baffled about that. BUT THEN a day later my bank takes a 2.99% process fee too.

So im being chrged once on deposit and then again from my bank a day later

Is there a better way to get round this

2.99% sounds like a cash advance fee from the bank and perhaps the £5 charge is the processor? Is it a debit card or credit card?

 

[Columbo70]

So these kinds of casinos usually debit in euros. No doubt you will see entries on your statement for all kinds of weird and wonderful companies you have never heard of. There is a bank foreign currency fee and potential costs with the conversion rates. The way to avoid it is to do a direct bank deposit as this will be made in GBP. HOWEVER be aware that by doing a bank transfer you will lose the protections offered by the visa and mastercard chargeback schemes.

Yes thered loads of wonderful names on txns. Can i ask what u mean by bank transfer. I currently use debit card but are u saying dont use that option , look for Bank Instant Transfer or something along those lines...dont use debit card option...and thanks....what i find confusing is on the casino website my money shows in GBP even though they took me through conversion

 

[ritae]

Unlicensed gambling aside, you do know your card details are now probably compromised and you are at high risk of fraud? None of the sites you mention have a license of any kind and GDPR/other safeguards are nonexistent.

Lets hope you haven't sent through passports or any other sensitive photographs or data.

 

[Guntis]

Yes thered loads of wonderful names on txns. Can i ask what u mean by bank transfer. I currently use debit card but are u saying dont use that option , look for Bank Instant Transfer or something along those lines...dont use debit card option...and thanks....what i find confusing is on the casino website my money shows in GBP even though they took me through conversion

If you see your balance in GBP it could be that the casino auto converts in into a currency of your choice so you can see it and understand better. But your actual money stays with them in EUR.

When you do a cash out, they sent EUR to your GBP account. And then your bank converts them into GBP.

If this is true then it's a massive downside, and crypto should be the way to go then.

 

[essuk]

Yes thered loads of wonderful names on txns. Can i ask what u mean by bank transfer. I currently use debit card but are u saying dont use that option , look for Bank Instant Transfer or something along those lines...dont use debit card option...and thanks....what i find confusing is on the casino website my money shows in GBP even though they took me through conversion

Yes instant bank transfer or something similar. BUT as I said earlier be aware that whilst this will eliminate the fees it will remove the protections afforded by chargebacks. Let's say casino decides not to pay you then they have not provided the advertised service and provided its within 120 days of a deposit then you can request a chargeback. Do an instant transfer and no such mechanism exists.

 

[essuk]

Not

Unlicensed gambling aside, you do know your card details are now probably compromised and you are at high risk of fraud? None of the sites you mention have a license of any kind and GDPR/other safeguards are nonexistent.

Lets hope you haven't sent through passports or any other sensitive photographs or data.

I cant guarantee it but it's likely the payment processor is regulated or somehow registered since they have to access visa/mastercard and deal with banks so if they are the ones storing the card details then the risk may not be as high dependent on where they are based. For instance one casino I know of that operates unlicenced uses tink to process certain payments. Tink is owned by Visa so dodgy casino does not necessarily mean dodgy payment processor.

 

[Columbo70]

2.99% sounds like a cash advance fee from the bank and perhaps the £5 charge is the processor? Is it a debit card or credit card?

Debit card...so im thinking of what im reading...the 1st charge is convetsion fee GBP to euro (even though on the casino im playing in GBP).....2nd charge is bank and is a processing fee about 2.99%

 

[Columbo70]

If you see your balance in GBP it could be that the casino auto converts in into a currency of your choice so you can see it and understand better. But your actual money stays with them in EUR.

When you do a cash out, they sent EUR to your GBP account. And then your bank converts them into GBP.

If this is true then it's a massive downside, and crypto should be the way to go then.

Yeah..i can see that now...its a double hit..thanks

 

[Columbo70]

Not

I cant guarantee it but it's likely the payment processor is regulated or somehow registered since they have to access visa/mastercard and deal with banks so if they are the ones storing the card details then the risk may not be as high dependent on where they are based. For instance one casino I know of that operates unlicenced uses tink to process certain payments. Tink is owned by Visa so dodgy casino does not necessarily mean dodgy payment processor.

Yes ive seen Tink pop up as the processor...also zinzipay...cant remember others...when i questioned the casino they said they dint control the processor...advice was to see how much the charge was and cancel until you get one that was reasonable

Not

I cant guarantee it but it's likely the payment processor is regulated or somehow registered since they have to access visa/mastercard and deal with banks so if they are the ones storing the card details then the risk may not be as high dependent on where they are based. For instance one casino I know of that operates unlicenced uses tink to process certain payments. Tink is owned by Visa so dodgy casino does not necessarily mean dodgy payment processor.

 

[dunover]

Debit card...so im thinking of what im reading...the 1st charge is convetsion fee GBP to euro (even though on the casino im playing in GBP).....2nd charge is bank and is a processing fee about 2.99%

Are you playing at 'the one with the letters' or 'the one with the numbers' by any chance?

 

[Webzcas]

Unlicensed gambling aside, you do know your card details are now probably compromised and you are at high risk of fraud? None of the sites you mention have a license of any kind and GDPR/other safeguards are nonexistent.

Lets hope you haven't sent through passports or any other sensitive photographs or data.

This is a very relevant point. Especially if debit card transactions for the casino appear as a Florist in Nairobi in Kenya or the such like.

Crypto is the way forward if you are going to play at non licensed sites. Just saying...