Does a euro exit affect existing accounts at bookies and e-wallets?

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johnnyb
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Does a euro exit affect existing accounts at bookies and e-wallets?

Thu Jul 05, 2012 6:34 pm

Hello!

Very nice and informative forum you have here  :)

Does anyone know what happens if a country defaults or exits the eurozone, to existing accounts that the citizens of that country have at bookies and e-wallets?
Do they remain in euros or do they revert to the new currency?

We live in strange times  :(
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arbusers
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Re: Does a euro exit affect existing accounts at bookies and e-wallets?

Thu Jul 05, 2012 6:50 pm

I understand your concerns about this matter. Especially for Greeks (others will follow later) this is very important.
I asked betfair several times, and they replied that all accounts from X country (that leaves the Euro-Area) will stay in Euros. You can e-mail them, and keep their reply in your archive.
I also asked Skrill/Moneybookers top manager about this. He replied that as long as Euro exists,  all accounts will stay in Euros no matter what.
Lately, a member of our forum asked their CS and received a blurred answer. They said that they have to ask their law department or something like this.
I believe that all bookmakers/institutions will be lured to confiscate money, or exchange it in a ridiculous fx rate. This exchange will make huge profits for them and an equal loss for players, since all these companies are sending their money outside risky countries every night.
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Re: Does a euro exit affect existing accounts at bookies and e-wallets?

Sat Jul 07, 2012 7:02 am

Arbusers wrote: ...., since all these companies are sending their money outside risky countries every night.
Do you mean
if Greece exit the euro zone, a booker which locates in Greece will suppose to confiscate all their players money?
And bookers which does not locate in Greece will suppose to confiscate Greek player's money?
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arbusers
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Re: Does a euro exit affect existing accounts at bookies and e-wallets?

Sat Jul 07, 2012 8:22 am

Nope, this is not what i meant.
When a Greek sends money to MB, this money goes to a MB's bank account in Greece. Every night MB is sending that money abroad.

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