Moneybookers introduces Mastercard

On February 04 2010 13:32 MadeInPolanD wrote: MB card costs 10€ and you pay 1.8€ for ATM withdrawal ( 1.9% exchange fee, but same with bank wire )

they charged you 10 EUR for the card initially?

On February 04 2010 13:16 Ket wrote: well there are so many charges u incur using them, mostly from currency exchange and iirc some other hidden ones especially if u get those cards, those are death. I remember i used the neteller card to get my money from atms the first year i went to vegas and it cost me $1k to get $960 out of the machine every time. Doesn't seem necessary when there are lots of ways to move money without paying any exchange fees at all. Lots of skins of big eurosite networks accept EUR/GBP balances, and now so do stars, but stars have always let you cashout directly to EUR/GBP at the true midpoint rate with no exchange fees anyway. I'm on 7 sites atm and only have to pay a little for currency exchange on one of them

it cost u 1k to get 960 out? what?

On February 04 2010 13:43 concrescence wrote: Show nested quote + On February 04 2010 13:32 MadeInPolanD wrote: MB card costs 10€ and you pay 1.8€ for ATM withdrawal ( 1.9% exchange fee, but same with bank wire ) they charged you 10 EUR for the card initially?

i dont think so cause im a VIP, for others it costs 10€
also exchange fee is 1.75% for VIPs
and as you said withdrawal fees are refunded

i'd like to be able to send money in $ to my $ bank account and exchange it myself, but there is no such option :/

On February 04 2010 13:39 concrescence wrote: Show nested quote + On February 04 2010 13:37 MadeInPolanD wrote:   On February 04 2010 13:29 concrescence wrote: There are no fees for buying stuff online but if you withdraw cash at an ATM i think theres a 2% fee+currency conversion. So, dont use the ATM and if u need to withdraw it in cash keep money in your bank. they charge the same for bank wires or ATM withdrawal - 1.9% exchange fee My account is in GBP. Credits to the account are all done in GBP so theres no currency conversion. It is then cashed out in GBP (local currency) so theres no conversion at all for me but yeah other people should think about this before using them i suppose unless they wanna give out 2% everytime.

but you should first check exchange rate on PS or wherever you have the money ( compared to MB, your bank and exchange office ) cause they can be raping you there and it can cost you more than exchange fee

On February 04 2010 13:16 Ket wrote: I'm on 7 sites atm and only have to pay a little for currency exchange on one of them

same here, you should check their exchange rates

Ket, you don't have to trust them, you have to read the small letters before signing in. There are no rip off charges for this card, except exchange rate. But i just cashout in usd and exchange USD into Litas in the bank.
I got card for free, no fees for replacing.
They charge 15litas/~6-7$ for withdraw from ATM, that's the only charge i pay for them.

is there any way to set up a moneybookers account if ur in the US?

On February 04 2010 15:15 milkman wrote: is there any way to set up a moneybookers account if ur in the US?

you can set it up but it is completely worthless since moneybookers prevents US accounts from making any transactions with gaming sites.

On February 04 2010 15:05 anon wrote: Ket, you don't have to trust them, you have to read the small letters before signing in. There are no rip off charges for this card, except exchange rate. But i just cashout in usd and exchange USD into Litas in the bank. I got card for free, no fees for replacing. They charge 15litas/~6-7$ for withdraw from ATM, that's the only charge i pay for them.

you mean 1.8€ for withdrawal and 1.99-1.75% for exchange rate for max 250€ for one ATM withdrawal with MB card, dont write just 6-7$ when it involves 250€ max cashout

as i said, i just cashout in USD and i don't pay exchange rate. And when i said 6-7$ i ment the bank that i cashout from(Lithuanian bank's ATM), they charge money- 15 litas.

and i didn't include 1.8EUR, because they refund those fees at the end of the month.

how you cashout in USD then? straight from pokerroom?

what do you mean? I cashout from poker room to mb and then through ATM

6-7$ is ~2% from 250€ guess why

Ket most people use these cards because their governments will hang them if they find out they're making money from poker. Not everyone has the luxury to use their bank accounts to cash in and out.

On February 04 2010 13:46 EvilSky wrote: Show nested quote + On February 04 2010 13:16 Ket wrote: well there are so many charges u incur using them, mostly from currency exchange and iirc some other hidden ones especially if u get those cards, those are death. I remember i used the neteller card to get my money from atms the first year i went to vegas and it cost me $1k to get $960 out of the machine every time. Doesn't seem necessary when there are lots of ways to move money without paying any exchange fees at all. Lots of skins of big eurosite networks accept EUR/GBP balances, and now so do stars, but stars have always let you cashout directly to EUR/GBP at the true midpoint rate with no exchange fees anyway. I'm on 7 sites atm and only have to pay a little for currency exchange on one of them it cost u 1k to get 960 out? what?

Obviously he had to pay $40...

On February 04 2010 19:08 Nazgul wrote: Ket most people use these cards because their governments will hang them if they find out they're making money from poker. Not everyone has the luxury to use their bank accounts to cash in and out.

a very legit point and reason to use it but i very much doubt thats why 'most people' are using them. infact thats the first time ive heard that reason otherwise i wouldnt have even thought of it, whereas this isnt close to the first time ive heard of people using cards from these 3rd party processors. im sure most people using them are worse off and ignoring better alternatives

On February 04 2010 18:33 MadeInPolanD wrote: 6-7$ is ~2% from 250€ guess why

well if you actually open you eyes and read what i wrote before responding, you'd see that i previously said that the withdraw limit is 250EUR.

On February 04 2010 19:19 Twisted wrote: Show nested quote + On February 04 2010 13:46 EvilSky wrote:   On February 04 2010 13:16 Ket wrote: well there are so many charges u incur using them, mostly from currency exchange and iirc some other hidden ones especially if u get those cards, those are death. I remember i used the neteller card to get my money from atms the first year i went to vegas and it cost me $1k to get $960 out of the machine every time. Doesn't seem necessary when there are lots of ways to move money without paying any exchange fees at all. Lots of skins of big eurosite networks accept EUR/GBP balances, and now so do stars, but stars have always let you cashout directly to EUR/GBP at the true midpoint rate with no exchange fees anyway. I'm on 7 sites atm and only have to pay a little for currency exchange on one of them it cost u 1k to get 960 out? what? Obviously he had to pay $40...

Well obviously if you took a second to think about it, which I didnt . Thanks Ket for making me look ridiculous

On February 04 2010 19:48 Ket wrote: Show nested quote + On February 04 2010 19:08 Nazgul wrote: Ket most people use these cards because their governments will hang them if they find out they're making money from poker. Not everyone has the luxury to use their bank accounts to cash in and out. a very legit point and reason to use it but i very much doubt thats why 'most people' are using them. infact thats the first time ive heard that reason otherwise i wouldnt have even thought of it, whereas this isnt close to the first time ive heard of people using cards from these 3rd party processors. im sure most people using them are worse off and ignoring better alternatives

Mr. Awaken-in-tax-free&legit-poker-paradise, hi!


Anon, im trying to make you understand, that you pay the exchange fee ( this is the 6-7$), it costs 1.8€ for one ATM withdrawal since you get that refunded by MB (by being a VIP), the only thing that is left is... exchange fee
also depending in what bank's ATM you use you'll get different exchange rate, so it's also important to know where is a better rate


exchange fee - 2%
exchange rate 1.5$ = 1€

when i say exchange fee, i mean conversation fees from one currency to another. I don't pay any, since i play in USD and cashout in USD.