eWallet fees are eating up my deposits/cashouts

onlinepoker

Hi, I need a fee-free solution to depositing and cashing out to PokerStars otherwise these virtual credit card/ewallet fees will just keep nibbling away at my bankroll.

Do Student Mastercards work? They are about the only types of cards I can apply for at the moment. I have a VISA but it denies online gaming transactions.

Wetts1012

If by student mastercard you mean prepaid mastercard, then yes, they work.

onlinepoker

Where's the best place to apply for one? I know there's a Much Prepaid Mastercard, but it costs $30. Also, will I be able to transfer funds to the prepaid card through RBC online banking?

bigmark4455

You can buy pre-paid mastercards at almost any convenience store around.
Most 7-11's, Petro Canadas, and Money Marts always have them.

onlinepoker

bigmark4455;225358 wroteYou can buy pre-paid mastercards at almost any convenience store around.
Most 7-11's, Petro Canadas, and Money Marts always have them.

Can I cashout to these vanilla mastercards? If so, then how can I transfer the balance to my bank account? Through ATM?

Don't I have to pay taxes on vanilla mastercards?

DennisG

Instadebit. Very minimal conversion fees (hardly noticeable).

BlondeFish

Did anybody ever bother to calculate what percentage Instadebit and other ewallets charge from the true median exchange rate? I think it's at least 2.5%. For example, if you cashed out U$1000 to your C$ bank or credit card on a day when the C$ was exactly at par, I think you would get C$975 or less.

DennisG;225381 wroteInstadebit. Very minimal conversion fees (hardly noticeable).

philliivey

BlondeFish;225399 wroteDid anybody ever bother to calculate what percentage Instadebit and other ewallets charge from the true median exchange rate? I think it's at least 2.5%. For example, if you cashed out U$1000 to your C$ bank or credit card on a day when the C$ was exactly at par, I think you would get C$975 or less.

ya but who cashes out and who has $1,000.;)

DennisG

BlondeFish;225399 wroteDid anybody ever bother to calculate what percentage Instadebit and other ewallets charge from the true median exchange rate? I think it's at least 2.5%. For example, if you cashed out U$1000 to your C$ bank or credit card on a day when the C$ was exactly at par, I think you would get C$975 or less.

I have cashed out 1000.00usd several times in the last few months, and while the dollar wasn't quite at par I have gotten over my withdrawl amt. cdn each time. The exchange for me having my money in just a few days, is worth it to me. Might not be for everyone..but...what is Moneybookers? Like 10% up to a max of 150? (I think) Then the exchange... there is no other cost with Instadebit...

Soup

DennisG;225416 wroteI have cashed out 1000.00usd several times in the last few months, and while the dollar wasn't quite at par I have gotten over my withdrawl amt. cdn each time. The exchange for me having my money in just a few days, is worth it to me. Might not be for everyone..but...what is Moneybookers? Like 10% up to a max of 150? (I think) Then the exchange... there is no other cost with Instadebit...

Apply for VIP/pro gambler status with moneybookers. It removes all your transfer limits and I get all my transaction fees refunded on the 1st of the month. I also spoke to a moneybookers rep in Barcelona and she said Canada will be getting mastercards connected to your moneybookers account in the near future. Assuming you can't get progambler status I suggest Instadebit.

BlondeFish

I just cashed out U$1000 and even though the U$ is still above par with the C$ (~1.027), I only got C$994. :(

DennisG;225416 wroteI have cashed out 1000.00usd several times in the last few months, and while the dollar wasn't quite at par I have gotten over my withdrawl amt. cdn each time.

actyper

Soup;225743 wroteApply for VIP/pro gambler status with moneybookers. It removes all your transfer limits and I get all my transaction fees refunded on the 1st of the month. I also spoke to a moneybookers rep in Barcelona and she said Canada will be getting mastercards connected to your moneybookers account in the near future. Assuming you can't get progambler status I suggest Instadebit.

To do this just make a €5000 transaction within a month. You will then also be eligible for a security token as well.

onlinepoker

Well currently I do not have 5000 euros.

Do Mastercard credit/debit cards work? Are they CFT eligible?