What's up guys. Good old days of having that 10 second deposit/payout option with skrill is gone. US is at 1.10 vs CAD which is starting to be very annoying. It seems like the last way to get money in/out of bookies is by wire. I don't know for you guys but I hate transferring directly from my bank account to a bookie as I feel like I'll get flag. I do gamble in a responsible manner but I know they can't really filter out habits. I don't know if I'm a little nuts (because nothing of this is confirmed) but I do not feel like gambling my credit score.
After two weeks of comparing all my options, I think I have found the best way for us (canadians) to stay anonymous while enjoying payout/cashout in a timely manner without getting rape by conversion fees.
I'm still in the process of completing a full iteration of my attempt so I will keep this post updated.
Step 1 - Get a darn US account. Stop getting wreck by your bank with the conversion fees. If you never took the time to calculate your fees Here's how they look like :
Scenario : You want to get 1000 USD to your favorite sportsbook.
At the time of writing this post, it will cost you 1102$ CAD (1.10). However, most bank will charge around 2.25% to 2.75%. That equal to a flat 27.55 CAD (average 2.5% on 1102$). The moment you deposit, it's like if you double the fees because if you every cashout... you have to convert it back. Since nobody really cashout if he/she doesn't make a profit, you will have to pay a minimum of another 27.55$. Then most bank have a wire transfer fee. Mine is 15 CAD.
To recap, if you want 1000$ usd to you favorite bookie, it will cost you a minimum of 70.10 CAD in fees + 100$ because CAD sux.
Step 2 - Open an Ec0payz account. Not everyone know what Ec0payz is. Your bookie doesn't have to support Ec0payz, only mast3rcard. The way it works is that you load money into the account and then you create (free) a virtual mast3rcard that is good for a 1 time transaction. You load money from your account to your mast3rcard and pay for whatever that card is worth. The max transaction is only 1000$ but you can create 5 cards per day. Each card can have a different currency so that's pretty badass imo.
Step 3 - Wire money from your bank to Ec0payz. That's how you keep it anonymous. All they know is that you transfer money to Ecopayz which is basically prepaid virtual cards.
Step 4 - Load money to your fav. bookie whenever funds are available.
Step 5 - Payout time! You went on a good run, got that 1000$ deposit to 6000$ and you want to cash that out. This step is a little tricky depending on what you want to do with the money. Just look at what the bookie offers. Most of them have check/wire. Some of them (like bookmaker) support the payout with Ec0Payz.
Hope that helps some of you. I decided to post that because I saw several post on Canadians having trouble depositing money.
After two weeks of comparing all my options, I think I have found the best way for us (canadians) to stay anonymous while enjoying payout/cashout in a timely manner without getting rape by conversion fees.
I'm still in the process of completing a full iteration of my attempt so I will keep this post updated.
Step 1 - Get a darn US account. Stop getting wreck by your bank with the conversion fees. If you never took the time to calculate your fees Here's how they look like :
Scenario : You want to get 1000 USD to your favorite sportsbook.
At the time of writing this post, it will cost you 1102$ CAD (1.10). However, most bank will charge around 2.25% to 2.75%. That equal to a flat 27.55 CAD (average 2.5% on 1102$). The moment you deposit, it's like if you double the fees because if you every cashout... you have to convert it back. Since nobody really cashout if he/she doesn't make a profit, you will have to pay a minimum of another 27.55$. Then most bank have a wire transfer fee. Mine is 15 CAD.
To recap, if you want 1000$ usd to you favorite bookie, it will cost you a minimum of 70.10 CAD in fees + 100$ because CAD sux.
Step 2 - Open an Ec0payz account. Not everyone know what Ec0payz is. Your bookie doesn't have to support Ec0payz, only mast3rcard. The way it works is that you load money into the account and then you create (free) a virtual mast3rcard that is good for a 1 time transaction. You load money from your account to your mast3rcard and pay for whatever that card is worth. The max transaction is only 1000$ but you can create 5 cards per day. Each card can have a different currency so that's pretty badass imo.
Step 3 - Wire money from your bank to Ec0payz. That's how you keep it anonymous. All they know is that you transfer money to Ecopayz which is basically prepaid virtual cards.
Step 4 - Load money to your fav. bookie whenever funds are available.
Step 5 - Payout time! You went on a good run, got that 1000$ deposit to 6000$ and you want to cash that out. This step is a little tricky depending on what you want to do with the money. Just look at what the bookie offers. Most of them have check/wire. Some of them (like bookmaker) support the payout with Ec0Payz.
Hope that helps some of you. I decided to post that because I saw several post on Canadians having trouble depositing money.
