Efbet - a bunch of crooks

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  • AllEars
    SBR Rookie
    • 01-30-16
    • 1

    #1
    Efbet - a bunch of crooks
    I recently made a deposit to Efbet to check out the offerings and to enjoy some of the nice odds I found.


    The site is overall below average, but I did win some money and decided to withdraw after a good month of playing. I deposited using Skrill and did not realize they charge a 3% withdrawal fee (NO CAP, absolutely ridiculous). I tried to arrange a bank account withdrawal, but no other withdrawal options were given to me.


    So since there was no cap on the fee I paid quite a hefty sum that the support were in no way willing to discuss. All I got as a response was a referral to the terms and services in broken English.

    I would avoid this site in the future and recommend everybody to do the same. I also think the SBR rating of C is much to generous for a site with a huge withdrawal fee forced upon the customer.
  • Optional
    Administrator
    • 06-10-10
    • 61457

    #2
    I don't like withdrawal fees either but 3% isn't over the top by industry standards and if it is disclosed clearly in their terms they aren't crooks for insisting on charging it.

    You really need to actually read the terms on sportsbook sites, or at least accept that surprises like this can happen if you choose not to read them. At least you know about the issue for next time now though.
    .
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    • Grivas_Digeni
      SBR Hall of Famer
      • 05-08-15
      • 5307

      #3
      Originally posted by Optional
      I don't like withdrawal fees either but 3% isn't over the top by industry standards and if it is disclosed clearly in their terms they aren't crooks for insisting on charging it.

      You really need to actually read the terms on sportsbook sites, or at least accept that surprises like this can happen if you choose not to read them. At least you know about the issue for next time now though.
      I agree. But here's what I wonder: do all of the books play similar fees to skrill/neteller for processing their payments? Or is it possible that larger operators like 5D/PinnacleSports get much better deals (let's say 1.5% instead of 3-4% that Efbet is paying like I think they do). Do you have any idea if these tariffs are flexible for companies like they are for individuals (Gold Skrill VIP paying lower forex fees and getting other perks)?
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      • italiano
        SBR High Roller
        • 03-11-15
        • 217

        #4
        boys, even I have deposited in this site, I must say that the thing that left me really happy, is the speed with which they have made my requests for drawings, skrill have lost only 15 minutes, instead incrediible ..... with regard to tax collection, so I have paid 2%, but I think the responsibility is mine that I have not read their terms and conditions
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 61457

          #5
          Originally posted by Grivas_Digeni
          I agree. But here's what I wonder: do all of the books play similar fees to skrill/neteller for processing their payments? Or is it possible that larger operators like 5D/PinnacleSports get much better deals (let's say 1.5% instead of 3-4% that Efbet is paying like I think they do). Do you have any idea if these tariffs are flexible for companies like they are for individuals (Gold Skrill VIP paying lower forex fees and getting other perks)?
          Yes, Skrill offer tiered pricing based on volume just like regular bank merchant accounts. No idea what the tiers are for big volume players like Pinny and 5D though.
          .
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          • Grivas_Digeni
            SBR Hall of Famer
            • 05-08-15
            • 5307

            #6
            Skrill just raised fees across the board for individual users after being bought out by Neteller. Pretty sure the bookmakers are paying more now too. Expect rules changes, more finer print and eventually more threads like this one.
            Comment
            • dealer wins
              SBR Wise Guy
              • 02-03-09
              • 816

              #7
              Skrill are going about pricing themselves out the market.

              They would rather have 3% of next to nothing, than 1% of many many millions.
              Comment
              • pjesnik24
                Restricted User
                • 11-01-05
                • 1286

                #8
                Originally posted by Optional
                Yes, Skrill offer tiered pricing based on volume just like regular bank merchant accounts. No idea what the tiers are for big volume players like Pinny and 5D though.
                I do not think 5Dimes is a big volume player regarding skrill
                Comment
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