Just thought I'd see if anyone else was aware of this. I am UK resident but have opened a Neteller account in $USD. I have closed my existing account and Neteller are happy. I opened the new account in $ as I was fed up losing a percentage of my winnings everytime I made a withdrawal and it got converted back to £. In some cases it was getting converted from £ to $ by the Bookmaker, then back from $ to £ by Neteller. I was losing money on commission charge and exchange rate differences everytime
I thought I would link a $USD bank account with the Neteller account in order to avoid currency charges etc. However neteller tell me that when they do process withdrawals they always have to convert them to £ due to 'third party processing problems'. Therefore they advise that I use a £ bank account for withdrawals. I will obviously lose out on currency charges when they convert from $ to £.
This seems strange to me. I was wondering if anyone else has come across this issue. I would be grateful for any feedback from anyone
I thought I would link a $USD bank account with the Neteller account in order to avoid currency charges etc. However neteller tell me that when they do process withdrawals they always have to convert them to £ due to 'third party processing problems'. Therefore they advise that I use a £ bank account for withdrawals. I will obviously lose out on currency charges when they convert from $ to £.
This seems strange to me. I was wondering if anyone else has come across this issue. I would be grateful for any feedback from anyone
