Skrill fees absurd?!

[Dirty Butcher]

1% deposit fee and then a further 1.45% to transfer to another skrill account, is it still worth it in order to be able to use AsianConnect for Arbitrage? Severely eats into returns if the losses occur on the AsianConnect side

[dealer wins]

Yeah complete piss take fees, its like they want to go out of business lol

[Optional]

why would you want to transfer funds to a different Skrill account?

[Alfie White]

Because AsianConnect is using private accounts with Skrill/Neteller, he has to send to "personal" account.

[Optional]

Because AsianConnect is using private accounts with Skrill/Neteller, he has to send to "personal" account.

Dont think thats the answer to what I asked.

Once deposited to them, why the need to transfer to someone elses account is what I meant.

[lonnie55]

Dont think thats the answer to what I asked.

Once deposited to them, why the need to transfer to someone elses account is what I meant.

1) multiple accounting

2) friends

[Optional]

1) multiple accounting

2) friends

In both cases, surely the user has the option to take a withdraw and send the money themselves.

Complaining about a 1.45% fee, for essentially letting you avoid AML laws not only seems cheap, it seems sort of mental to have made a thread about it!


Hence wondering if it's not what it looks like...

[moojoo]

2.5% is really nothing. I dont like skrill and neteller but 2.5 % is peanuts.

[Alfie White]

Opti, if you want to deposit to AC, you need to send to "other Skrill account" meaning you will be charged 1.45% fee.

You deposit to Skrill - 1% fee via all methods.
You deposit to AC - 1.45% for P2P transfer.

[Optional]

Opti, if you want to deposit to AC, you need to send to "other Skrill account" meaning you will be charged 1.45% fee.

You deposit to Skrill - 1% fee via all methods.
You deposit to AC - 1.45% for P2P transfer.

Ah, gotcha now.

[Brooklyn]

Just what Alfie said.

And since OP mentioned "Arbitrages", it means he will be making a lot of deposits to AC Skrill account.

And for each deposit, Skrill will charge him 1.45% fee.

On a longer period of time, repeated fees eat a lot of your profits.

[lonnie55]

Use Bitcoin for AC

[Dirty Butcher]

Opti, if you want to deposit to AC, you need to send to "other Skrill account" meaning you will be charged 1.45% fee.

You deposit to Skrill - 1% fee via all methods.
You deposit to AC - 1.45% for P2P transfer.

Yeah exactly this. Ex if you deposit X amount and place a bet with the full X amount, make 1% through an arb and the losing end is Asian connect, you lose money. I guess this can be mitigated by betting on the favourite where possible but either way still a massive dent. So annoying that bank transfer has been removed as a method for depositing - was 0% fee

[moojoo]

If Ac is using private Skrill that mean they are not holding any licence as company? Are players in situation to trust AC on their word. Im not using them because i dont need them as option,but would really like to know more about them and their licence if any.

[Dirty Butcher]

With bitcoin you expose yourself to bitcoin price fluctuations, not willing to take on that risk

Use Bitcoin for AC

[lonnie55]

With bitcoin you expose yourself to bitcoin price fluctuations, not willing to take on that risk

Not really since BTC is converted into USD/EUR. There are just two very little risky time frames between a) the moment of withdrawal request and the moment you receive the BTC and b) the moment you receive the BTC and the moment you convert it back into USD/EUR on an exchange.

[Dirty Butcher]

I see, that makes sense might look into that a bit more then

Not really since BTC is converted into USD/EUR. There are just two very little risky time frames between a) the moment of withdrawal request and the moment you receive the BTC and b) the moment you receive the BTC and the moment you convert it back into USD/EUR on an exchange.