Reward points ending

Pages: [1]
Author Topic: Reward points ending  (Read 1408 times)
dealer wins
Probably a Pro
****

Karma: -15
Posts: 392



View Profile

dealer wins

Reward points ending
« on: May 18, 2016, 03:42:50 PM »

Just had an email confirming reward points will stop on 1st July 2016.

Is there no end to their greed, and is there any reason to use them over bank transfers/debit cards now?
Logged

Never trust a goose!!!
qbet
Probably a Pro
****

Karma: 38
Posts: 372


View Profile

qbet

Re: Reward points ending
« Reply #1 on: May 18, 2016, 04:01:57 PM »

Skrill or NT  ?
Logged
sportoboy
Getting better
***

Karma: 52
Posts: 206


View Profile

sportoboy

Re: Reward points ending
« Reply #2 on: May 18, 2016, 04:08:37 PM »

He probably means the loyalty points from skrill, not the reward points from NT
Logged
Arbusers
Administrator
Pro
*****

Karma: 311
Posts: 2494



View Profile WWW

Arbusers

Re: Reward points ending
« Reply #3 on: May 18, 2016, 04:17:06 PM »

He is talking about Skrill. In addition, their VIP structure is changing also.
Logged
Thordin
Pro
*****

Karma: 23
Posts: 790


View Profile

Thordin

Re: Reward points ending
« Reply #4 on: May 18, 2016, 04:36:36 PM »

are there any plans to completely merge those two?
Logged
Arbusers
Administrator
Pro
*****

Karma: 311
Posts: 2494



View Profile WWW

Arbusers

Re: Reward points ending
« Reply #5 on: May 18, 2016, 04:54:58 PM »

are there any plans to completely merge those two?

So far they fiercely deny this, but these are not things to be announced.
Logged
RoosterDonky
Has some experience
**

Karma: -6
Posts: 178



View Profile

RoosterDonky

Re: Reward points ending
« Reply #6 on: May 18, 2016, 06:27:21 PM »

Bastards.
Logged

Fade Fairpunter's picks for sure profits!
luctens
Probably a Pro
****

Karma: -42
Posts: 314


View Profile

luctens

Re: Reward points ending
« Reply #7 on: May 19, 2016, 01:02:25 AM »

I give it 3 years before they turn into one company. Just makes no sense to have 2 companies owned by the same company playing to the same audience of customers and doing basically the same thing. The synergies (ie. job cuts) and the vast savings that could be made from that will surely be too much of a temptation to boost their profits further in tandem with the raft of fee rises etc since the acquisition.

I see this as akin to the culture of the Betfair Exchange with their premium charge etc that started 5-10 years ago. They obviously thought they could get away with squeezing more and more out of their loyal customers. To a degree they have got away with it with the monopoly they had and still have but I believe that Smarkets will continue to gain market share and become the dominant exchange in front of Betfair within the next 5 years with their simplified, cut price and no nonsense proposition as more and more customers get disillusioned with Betfair and looking for a viable alternative.

And if Skrill and Neteller continue doing what they are doing, it will catch up with them in time just like it is starting to catch up with the Betfair Exchange. Whether Ecopayz is the Smarkets in this sector or somebody else comes along with a cut price, high volume, low margin e-wallet model to challenge Skrill and Neteller, whether it is in 2, 5 or 10 years time, people will start to move to another e-wallet as soon as another viable and mass market option becomes available if Skrill and Neteller continue treating their customers with such disdain.
Logged
cortomaltese
Probably a Pro
****

Karma: 16
Posts: 343



View Profile

cortomaltese

Re: Reward points ending
« Reply #8 on: May 19, 2016, 08:56:54 AM »

If i was inside to any business group that had interest to open a financial institution like an ewallet , i would consider as perfect time to do it!
The greed of paysafe group (NT/skrill) will eventually destroy them , as with their monopoly they created a "gap" and "nature hates gaps"
Logged
dealer wins
Probably a Pro
****

Karma: -15
Posts: 392



View Profile

dealer wins

Re: Reward points ending
« Reply #9 on: May 19, 2016, 01:05:47 PM »

I used to think Skrill was the best thing ever, but over the last 2 years their sheer greed has made me actively stop using them wherever possible.  They now miss out on a MINIMUM of £80K a month being put into books and exchanges.  I keep a few £1000 in there just in case my debit card gets declined which happens occasionally.
Logged

Never trust a goose!!!
dealer wins
Probably a Pro
****

Karma: -15
Posts: 392



View Profile

dealer wins

Re: Reward points ending
« Reply #10 on: July 03, 2016, 10:20:53 PM »

Total transactions May  £64525.00   
Total transactions June £30.00

Hope they don't miss my £1200 of merchant commission for being greedy cu next tuesdays.

And to be fair debit card and bank payments have been as fast as Skrill, except getting money to Premium Tradings which takes 3 days by wire.  But I left an extra £10K in Premium Tradings and using banks feels safer than Skrill too.

I cant stand greed, even if it costs me time and money I try to avoid companies who are blatantly taking the piss.
Logged

Never trust a goose!!!
my_username
Newbie
*

Karma: -3
Posts: 96


View Profile

my_username

Re: Reward points ending
« Reply #11 on: July 04, 2016, 12:54:00 PM »

and since skrill is not a bank, your money is not insured while they freely gamble with it, like every bank

so they act like a bank, charge MORE than a bank and provide NONE of the benefits/security a bank provides

seriously, anyone else thinks there is NO market for a new e wallet ?

they're asking for it, they have a monopoly and they won't give a shit until there's an alternative

Logged
Skaggerak
Probably a Pro
****

Karma: -4
Posts: 446


View Profile

Skaggerak

Re: Reward points ending
« Reply #12 on: July 04, 2016, 02:49:48 PM »

Is there no end to their greed, and is there any reason to use them over bank transfers/debit cards now?

C'mon, you know the answer already.

I use debit card more these days - may take longer to get a withdrawal but safer IMO

There was me thinking you were a loner  ;D
Logged
luctens
Probably a Pro
****

Karma: -42
Posts: 314


View Profile

luctens

Re: Reward points ending
« Reply #13 on: July 04, 2016, 08:11:38 PM »

and since skrill is not a bank, your money is not insured while they freely gamble with it, like every bank

so they act like a bank, charge MORE than a bank and provide NONE of the benefits/security a bank provides

seriously, anyone else thinks there is NO market for a new e wallet ?

they're asking for it, they have a monopoly and they won't give a shit until there's an alternative

What about their 100% VIP fraud money back guarantee? I know it probably doesn't apply if they go out of business and only for fraudulent transactions but if we are scared that a company the size of Paysafe are at risk of going out of business then we might as well not get out of bed in the morning.

Thankfully I have never been and never wish to be in a position where I need to make a claim against this but has anybody been in that position and got their money back from Skrill as that would surely offer security to your funds? Obviously unless getting your money back from them doesn't work as well in practice as it does on paper.
Logged
Thordin
Pro
*****

Karma: 23
Posts: 790


View Profile

Thordin

Re: Reward points ending
« Reply #14 on: July 05, 2016, 12:10:47 PM »

Obviously unless getting your money back from them doesn't work as well in practice as it does on paper.
Nailed it
Logged
Pages: [1]
Print