Odds and Ends feedback and propo.. Poor exchange rates/Currency being played for
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Switch to Forum Live View Poor exchange rates/Currency being played for
13 months ago  ::  26 May 12 04:47 AM #71
goblin
Posts: 7,432
Date Joined: Jul 2, 2008
Rank: Übergod
i try to think of my unknowing neighbours that arent privy to this info

the solution for me is to use my TRAVEL CARD AND DEPOSIT AND WITHDRAW in usd
or if its a larger amount , into the days market exchange leading currency

hope this is sorted
as i see it as MOST SITES are set up for the US market
were 888 is EURO  in its approach
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13 months ago  ::  26 May 12 11:54 AM #72
eldiabl0800 666
Posts: 487
Date Joined: Jan 26, 2011
Status: Ringing Hells Bells
Rank: Übergod

Given that 888 do not operate in the U.S.A. the $$ is probably the fairest currency for them to use. Although, this is more likely to be incidental rather than being down to aforethought.


 


What is not fair, is that the Term ‘exchange rate’ and ‘comparable’ which are loosely used, do not make the discrepancy between the officially published exchange rate and that used by 888, transparent enough.


 


888 are allowed to use any exchange rate they wish or levy any charge/fee they feel like.

Also makes it impossible for us to quantify, as processing times vary, different currencies are used, Exchange rates fluctuate and third parties can be used.

Impossible for us, but should it be for 888?


Most, will incorrectly believe that Exchange rates indicate some sort of Internationally signed treaty that anyone who uses this term must maintain the Officially published rate of exchange at any given time. I may be wrong, but believe they do not.


 


Although, I find it difficult to swallow, when the term is used to convey certain assurances.


 


However, if 888 were transparent enough,


 


we would not have to trial different methods of withdrawing and depositing, as we now are.


 


We would be able to make an informed decision based on clear and precise facts.


 


We charge $ / %              to deposit in GBP


                                                             AUD


                                                             EUR


We charge $ / %               to withdraw


 


Tbh this was the least of my concerns when I first joined. I was too worried that other players could see my cards….lol…….now know it was just bad play by me


 


Goblin, If I tried to use my Travel Card to deposit and withdraw money in the U.K. they would lock me up.


 


Please, Please do not ask me to contact Support@888, I believe this info should be public. If it is, please delete this post and direct me to it.

Better the Devil you know, than the Devil you owe
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13 months ago  ::  28 May 12 03:56 PM #73
james
Posts: 41
Date Joined: Dec 6, 2011
Status: thinking about the first salmon of the year
Rank: Übergod
LETS FACE IT NO ACTION BY 888,
NO SURPSISE,
BUT WE NOW KNOW FOR SURE,
THEY DONT CARE    
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13 months ago  ::  28 May 12 03:59 PM #74
james
Posts: 41
Date Joined: Dec 6, 2011
Status: thinking about the first salmon of the year
Rank: Übergod
I WONDER IF I CAN DEPOSIT USING MY OYSTER CARD IN AUSTRALIA?

I DONT CARE ANYMORE IM GOING TO THE OLYMPICS     
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11 months ago  ::  12 Jul 12 12:51 PM #75
Malc
Posts: 7,868
Date Joined: Mar 6, 2008
Status: doing nothing
Rank: Übergod
A couple of quick question
Is it better to have your deposit currency and withdrawal currency  at the same?

I have recently withdrawn some dollars (my deposit method is GBP), and was paid at
 $1.00=0.62110427 GBP
but if I deposit it costs me
$1.00=0.6600 GBP
I basically lost £41 with the conversion that 888 charged.. and if I redeposit the same amount it would cost me £43 more....so I changed my deposit and withdrawal currency to the same ie USD, and my bank will then convert at the banks rates at the time of my transaction...

question have I done the right thing and does anyone else use this method?
http://youtu.be/kAG39jKi0lI
(.)(.)
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11 months ago  ::  12 Jul 12 01:16 PM #76
cryptic3(888mod)
Posts: 9,145
Date Joined: May 5, 2006
Status: happy as bunny in a box of carrots :)
Rank: Übergod
I have changed mine to USD

All the charges I pay now are the standard bank one of £1.25

 $100.00, RATE 1.5549, CHARGE 1.25 = £67.33 in my bank for $100 withdrawal.





 
Post, then make another post and then post even more.
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11 months ago  ::  12 Jul 12 01:21 PM #77
wkdwitch (888Mod)
Posts: 7,938
Date Joined: Jul 13, 2007
Rank: Übergod
I have had mine in USD to USD (via Moneybookers) for over a year now and have never had a problem with the currency conversion, it takes very little time to transfer to. ;) 
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11 months ago  ::  12 Jul 12 01:30 PM #78
daniel
Posts: 22
Date Joined: Mar 29, 2012
Rank: Übergod
if i withdraw my 300 dollars to my direct debit account how much will i receive  and will there be any charges
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11 months ago  ::  12 Jul 12 01:47 PM #79
Malc
Posts: 7,868
Date Joined: Mar 6, 2008
Status: doing nothing
Rank: Übergod

12 Jul 12 07:21 AM , wkdwitch (888Mod) wrote:

I have had mine in USD to USD (via Moneybookers) for over a year now and have never had a problem with the currency conversion, it takes very little time to transfer to. ;) 




My Money bookers is in GBP, do they convert the $'s to sterling if I decide to withdraw to my moneybookers account instead of my card

http://youtu.be/kAG39jKi0lI
(.)(.)
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11 months ago  ::  12 Jul 12 02:29 PM #80
wkdwitch (888Mod)
Posts: 7,938
Date Joined: Jul 13, 2007
Rank: Übergod
I'm sorry I don't know the answers to these questions. I only know how my own method of wihdrawal works which is fine for me. My Moneybookers is in USD Malc. I can then transfer to my bank in Euro's or I can take it out directly through any ATM machine with my Moneybookers Debit card.


Daryl is the person who helped me set it up and explained the value of having both my 888 account and Moneybookers set for USD. Pm him and I am sure he will be happy to go through all the in's and out's with you. ;)
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Odds and Ends feedback and propo.. Poor exchange rates/Currency being played for
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