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How works arbitrage with 1.75% charges Neteller and Skrill?

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Author Topic: How works arbitrage with 1.75% charges Neteller and Skrill?  (Read 2082 times)
georg41
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« on: April 25, 2016, 11:11:55 PM »

Hi. .I see this today at Neteller&Skrill websites:
**Effective May 17, cash withdrawal fees will be 1.75% of the withdrawal amount.
But i was not understand what exactly they mean.. They mean 1.75% of the withdrawal amount when someone withdrawal with net+prepaid mastercard and skrill mastercard?  Or they mean that 1,75% charge at mastercard method and at bank transfer?
If a arber lose 1.75% how will works arbitrage method?
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georg41
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« Reply #1 on: April 26, 2016, 02:15:19 PM »

I want also to ask ..If i do login in my account of a bookmaker via VPN and i make deposit in my account via neteller,..This moment neteller can see the IP address who has given me the VPN?
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Arbusers
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« Reply #2 on: April 26, 2016, 02:37:50 PM »

I want also to ask ..If i do login in my account of a bookmaker via VPN and i make deposit in my account via neteller,..This moment neteller can see the IP address who has given me the VPN?

Yes, they will see it.
The 1.75% fee is when you withdraw money out of the system, not when you withdraw from bookmakers. I m not sure if I understand the questions correctly.
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MaxShalamar
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« Reply #3 on: April 26, 2016, 03:09:08 PM »

If you want to withdraw from a e-wallet to your bank then transfer it to Betfair or a limited book first and withdraw from there to your bank with no charge
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georg41
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« Reply #4 on: April 26, 2016, 03:10:32 PM »

Arbusers sorry but my English is not very good..At  my question i was not ask if the 1,75% fee is for withdrawal from bookmakers.
I was ask if the 1.75% fee is for:
withdrawal from Neteller via net+prepaid mastercard
or from Neteller via bank transfer
or for both methods
Generally, i want to start arbitrage and i am looking for what interest in charges
P.S. I am Greek. And i will need VPN programe for some bookmakers but not at a lot of them because i have found alternatives url for a lot of bookmakers
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georg41
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« Reply #5 on: April 26, 2016, 03:28:11 PM »

If you want to withdraw from a e-wallet to your bank then transfer it to Betfair or a limited book first and withdraw from there to your bank with no charge

MaxShalamar you mean that Betfair and bookies have  lowest commissions on withdrawals compared  e-wallets?
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georg41
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« Reply #6 on: April 26, 2016, 03:41:37 PM »

I want also to ask ..If i do login in my account of a bookmaker via VPN and i make deposit in my account via neteller,..This moment neteller can see the IP address who has given me the VPN?

Yes, they will see it.
And Neteller will not have problem when they see  that i use VPN?
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fairpunter
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« Reply #7 on: April 26, 2016, 04:07:10 PM »

If you want to withdraw from a e-wallet to your bank then transfer it to Betfair or a limited book first and withdraw from there to your bank with no charge
If betfair let deposit neteller and withdraw to bank account with no charge it is great idea, bravo
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Arbusers
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« Reply #8 on: April 26, 2016, 04:20:36 PM »

georg41 I suggest you read the forum before asking anything. Your questions are answered several times.
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cortomaltese
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« Reply #9 on: April 26, 2016, 06:41:21 PM »

is that 1.75% uncapped ?
is the same for vip accounts also ?
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MaxShalamar
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« Reply #10 on: April 26, 2016, 07:16:36 PM »

If you want to withdraw from a e-wallet to your bank then transfer it to Betfair or a limited book first and withdraw from there to your bank with no charge

MaxShalamar you mean that Betfair and bookies have  lowest commissions on withdrawals compared  e-wallets?

It's free to withdraw from Betfair and most bookies to your bank account (at least in the UK it is)
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georg41
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« Reply #11 on: April 26, 2016, 08:48:58 PM »

georg41 I suggest you read the forum before asking anything. Your questions are answered several times.

Ok Arbusers, thank you.Sometimes it is difficult for me to undrestand exactly the meaning of a phrase because my English is not very good and google translate also is not very good sometimes
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georg41
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« Reply #12 on: April 26, 2016, 09:01:08 PM »

It's free to withdraw from Betfair and most bookies to your bank account (at least in the UK it is)

MaxShalamar thank you. Your idea is great..I will try to learn about this..( I have Betfair account but from November 2012 until now i can not play with my account.They do not accept Greeks.I think that Greeks can play at Betfair only via agents,Premium Tradings or others...I will ask about free withdrawals at other bookies or exchanges
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dealer wins
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« Reply #13 on: April 26, 2016, 09:25:33 PM »

I use Skrill and very rarely need to either deposit or withdraw from them.  My funds tend to float around different betting sites.  IE If I have a big win on Pinnacle and loss on Betfair, then I withdraw from Pinnacle to Skrill and use those funds to put back into Betfair etc

And I think its a fixed small fee to withdraw to a bank account. (Free for VIPs)  If it is changing to 1.75% of the whole withdrawal amount then I will no longer use them cause thats taking the piss.
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georg41
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« Reply #14 on: April 26, 2016, 10:23:47 PM »

I use Skrill and very rarely need to either deposit or withdraw from them.  My funds tend to float around different betting sites.  IE If I have a big win on Pinnacle and loss on Betfair, then I withdraw from Pinnacle to Skrill and use those funds to put back into Betfair etc

And I think its a fixed small fee to withdraw to a bank account. (Free for VIPs)  If it is changing to 1.75% of the whole withdrawal amount then I will no longer use them cause thats taking the piss.
I see this some minutes ago..It is message from Neteller customer service:

Starting from May 17th 2016 the fees for cash withdrawal using Net+ Prepaid MasterCard will change to 1.75%.
The Bank Transfer withdrawal fee is 10.50 EUR.You can use the option to deposit with local bank deposit or fast bank transfer and this way you can use your internet banking.Please bear in mind that some of the options may not be available for your country of residence.^SM
« Last Edit: April 26, 2016, 10:41:56 PM by georg41 » Logged

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