Currency conversion = Vig!

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  • betplom
    SBR Posting Legend
    • 09-20-06
    • 13444

    #1
    Currency conversion = Vig!
    I have accounts at Pinny, Greek, & Canbet in Canadian dollars (CAD), depositing with a credit card is no problem, I pay the $2.50 **** charges for the transaction because they consider it a "cash advance", ok.

    My exchange accounts - Betfair, Matchbook, & Tradesports are in US dollars, now the Canadian dollar has a higher value than the US dollar as I write this. When I deposited to Tradesports using my credit card it cost me an additional 2.5% to deposit in USD, this is charged by **** and there is no way around it. From now on when I deposit to a USD account, I'm using Moneybookers, yes the exchange game (especially when using a credit card) adds vig to the cost of funding.
  • 20Four7
    SBR Hall of Famer
    • 04-08-07
    • 6703

    #2
    Avoid all currency charges they are bad. I withdrew from Justbet into my click2pay (which will only give me cnd$ not us$) and I got hit with a $5 US processing fee plus I didn't get anywhere near par (maybe 96or 97 cents). Got hit again when I moved it to 5dimes. All my accounts are in US$ complete with US$ bank account. Anytime I have to change currency at a site they rape me.

    Stick to one currency and you'll mostly be fine.
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    • Bill Dozer
      www.twitter.com/BillDozer
      • 07-12-05
      • 10894

      #3
      There sure is a lot more overhead involved these days. Before you can think about your bet you have to figure out how much it's going to cost to get down. It's the not-so fun part of the game now. Lots of new things some of us have to think about like credit card deposit charges, third party bank wire fees, currency exchanges etc...
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