I'm trying to watch my wording... because I don't want anything edited... but this situation needs to be addressed before it gets out of hand. And posters need to know these numbers... because there still is a significant amount of posters using this method.
There's 2 "Grade A" Sportsbooks that I know are charging more on the back end of these transactions. I'm not going to say the names.
Before I explain the mathematics involved... all I'm saying is... the sportsbooks should exclusively have a page to show in full detail how much the potential user is losing on the back end. They don't fully express this. Their math seems to be off significantly.
I wanted to reup with this book. Small reup. 300 worth. We all know you're going to get hit with a possible 3%, 3.5%, or 4% advance fee when using a crd. Furthermore, you're also going to get hit with your bnks international currency exchange rate at around 0.8%. My bnk told me all of their fees.
So basically... what happened... I sent this book 300.45 (they made me add the extra $0.45 cents which isn't the issue... it's perfectly fine.) When I received my bnk statement. The transaction was actually ran for 311.89. My bnk conversion fees were 9.35) That's a separate charge on my statement. So why the heck was my crd ran for 311.89? The books fees for their bnk were on the back end? It sounds like it. Let's do the math...
300.45 X (3% my bnk advance fee) = 9.01
300.45 X (0.8% currency exchange rate my bnk fee) = 2.40
Total deduction out of acct should of been around $11.41
My total loss should of been 311.86 for a book reup of 300.45 (Loss of 11.41)
But...... what truly happened....
Crd was ran through at 311.89
311.89 X (3% my bnk advance fee) = 9.35
311.89 X (0.8% currency exchange rate my bnk fee) = 0.00
The total of 311.89 + Fees 9.35 = 321.24
And my reup in my sportsbook was 300.45 (That's a difference of 20.79 at approx 6.92% Loss)
My entire point is... the book is charging you THEIR FEE on the BACK END of your REUP. Nowhere on their website does it state this. And I know it's happening at 2 Grade A Books.