This is a discussion on What currency should be best for my Neteller accounts while withdrawing from PS? within the online poker forums, in the Poker Deposits & Withdrawals section; Hello Members:
This is one of the most confusing question that nobody on any forum sites has answered perfectly for "Indian Players". Since 2 days I
What currency should be best for my Neteller accounts while withdrawing from PS?
This is one of the most confusing question that nobody on any forum sites has answered perfectly for "Indian Players". Since 2 days I have been reading all the forums PokerGuru, PokerSchoolOnline, PokerStrategy and everyone tells about the best currecy for making a deposit. While for withdrawal, some say, Have neteller account in USD and some say, Have it in INR.
I want to withdraw 25% of my recent winning from Big 11$ tournament on PokerStars. Its around 3000$. I am new player and recently learned poker(2 months Back). Never cashed out. So, an advice from experienced Indian Player would help me a lot.
WHERES THE PROBLEM?
CASE 1. Problem is the Currency conversion rates while withdrawing.
DETAILS: My Neteller account is in USD. If I withdraw from PokerStars to Neteller, I won't be charged any currency conversion rate but while withdrawing from Neteller to my Bank account, a whooping 2.95% currency conversion charges will be put on.
CASE 2: Suppose if I change my Neteller currency to INR, and withdraw from PokerStars to neteller in INR. How much conversion changes will I have to face?
Please Advice me on this issue.
Regards, GJ x
18th September 2014, 1:15 PM
Online Poker at: 888poker.com
This can be valid even for the EU account that have to convert dollars to euros.
I believe that the poker site will apply a bigger exchange rate, but I didn't experienced this so far.