1. 02-03-10 04:06 PM #1
    laconic
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    Moneybookers question

    Hi, can I relate this Moneybookers question to Neteller. My home currency is GBP, but my Neteller base currency is USD. This is so I can move USD all around the offshore world without having to pay currency conversion costs every time I move money between Neteller and sportsbooks. The only time I pay conversion costs is when I withdraw USD from Neteller to my GBP bank account.

    Would the same thing be possible if I join Moneybookers, do they let you determine the currency of the account?
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  2. 02-03-10 04:12 PM #2
    MRK
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    Yes, it is.

    I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.
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  3. 02-03-10 04:30 PM #3
    benjy
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    Quote Originally Posted by MRK View Post
    Yes, it is.

    I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.
    This is good advice and absolutely correct.
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  4. 02-03-10 04:34 PM #4
    Dunder
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    Quote Originally Posted by MRK View Post
    Yes, it is.

    I am canadian and do the same thing as you. My moneybookers and sportsbook accounts are all usd and I only convert to cnd when i send everything back to my bank. If you really want to get a good deal on your exchange, set up a usd account at your british bank, and then negotiate a special rate for exchanging large amounts of currency. This should save you about 1.5-2% of th amount you are exchanging in fees.
    Citibank allow you to operate parallel GBP and USD accounts and move money between them at interbank rates. There is quite a high minimum blance requirement though.
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  5. 02-03-10 04:37 PM #5
    Docta Ignoranti
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    Citibank is extremely anti-gambling especially within its retail banking model. Stick to Moneybookers. Its safe, easy to use and utilized by most sportsbook globally.
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  6. 02-03-10 04:47 PM #6
    siabdo23
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    moneybookers deals in EURO
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  7. 02-03-10 04:52 PM #7
    benjy
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    Quote Originally Posted by siabdo23 View Post
    moneybookers deals in EURO
    Not just Euros. Multiple currencies. Notably USD, the currency in question.
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  8. 02-03-10 05:15 PM #8
    Dunder
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    Quote Originally Posted by Docta Ignoranti View Post
    Citibank is extremely anti-gambling especially within its retail banking model. Stick to Moneybookers. Its safe, easy to use and utilized by most sportsbook globally.
    I was referring to Citibank UK and as a means of funding/withdrawing from Moneybookers.
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