General discussion : Skrill and e-wallets - what are the benefits?

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steven1976
Posts: 1743
Joined: Tue Jan 19, 2010 6:28 am

Sun Sep 17, 2017 11:36 am

Dallas wrote:
Fri Sep 15, 2017 7:33 pm
pyrrhus80 wrote:
Fri Sep 15, 2017 7:12 pm
That's interesting. In which country do you believe that banks behave in this way?

Do you know of any actual cases where a bank has asked a gambler to close an account... or is it just hearsay/speculation?
Peter had is Lloyds account closed just because the word 'Bet' was in the name and they associated it with gambling
https://www.youtube.com/watch?v=yDNYuusuEdA
I think Peter said he was trying to open a NEW account with the word "bet" in the video rather than had exisiting accounts closed?

buyshirts
Posts: 202
Joined: Sat Apr 18, 2009 12:37 pm

Tue Feb 13, 2018 6:18 am

I have only used 1 card on Betfair and some time ago it went to a Net depsoits to Net withdrawals. The question i have is if i deposit via Skrill i will obviously had to take that amount out 1st but once both my debit card and my Skrill account are not are net deposits will i be able to just withdraw all my winning to my skrill account instead of my bank?

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megarain
Posts: 856
Joined: Thu May 16, 2013 1:26 pm
Location: megarainuk.blogspot.com

Tue Feb 13, 2018 6:28 am

Thats what I expect.

So, yes.

buyshirts
Posts: 202
Joined: Sat Apr 18, 2009 12:37 pm

Tue Feb 13, 2018 9:55 am

Cheers Hope your trip is proving profitable!

Trader Pat
Posts: 166
Joined: Tue Oct 25, 2016 12:50 pm

Tue Feb 13, 2018 1:54 pm

megarain wrote:
Fri Sep 15, 2017 6:20 pm
Yes, if your statement is showing Debits/credits from well-known bookies, u are pretty likely to get a call, asking to close it.

They dont encourage pro gamblers - so, keeping under the radar, with a regular income, from a dummy job, and paying odds and ends with a debit card, is good disguise.

It may be, we dont all need a traditional bank account - but, its probably safer to have one, and respect having it.
I've just seen this thread now. I had a situation several years ago when I first joined Betfair and was purely a gambler.

I was going to Florida for 2 weeks and I withdrew a substantial amount from my account to my credit card which cleared the balance on my card and left me with a surplus of about 4k. About a week later when I tried to use the card in a pub it was refused. When I rang the bank they told me I'd have to contact my local branch which I did and they made an appointment for me to see the bank manager. Upon seeing the bank manager he told me that the bank took a dim view of gambling (a bank taking the moral highground made me laugh at the time) and that any further activity of this kind could see my card being cancelled. I told him I didnt appreciate been lectured and being made to feel like I'd done something illegal so if he wanted to cancel the card to go ahead and do it. The card was never cancelled and I continued to make withdrawals onto the card for another few years.

At the time I assumed they were annoyed because they wouldnt make any interest when I withdrew 'my own money' or used the card but after seeing this thread I'm starting to think maybe they do have issues with any transactions related to gambling. These days I just withdraw any funds to paypal.

LinusP
Posts: 1394
Joined: Mon Jul 02, 2012 10:45 pm

Tue Feb 13, 2018 2:47 pm

Expect a lot of questions when attempting to get a loan or mortgage if you have large sums coming from a bookmakers even if it is positive. I had questions about PayPal amounts when getting a mortgage.

Trader Pat
Posts: 166
Joined: Tue Oct 25, 2016 12:50 pm

Tue Feb 13, 2018 4:08 pm

LinusP wrote:
Tue Feb 13, 2018 2:47 pm
Expect a lot of questions when attempting to get a loan or mortgage if you have large sums coming from a bookmakers even if it is positive. I had questions about PayPal amounts when getting a mortgage.
I wonder if Forex traders and the like have the same issues?

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harsh
Posts: 131
Joined: Tue Jul 18, 2017 1:26 am

Tue Feb 13, 2018 4:30 pm

In many Asian countries, where depositing money into betfair is quite hard. People who are 'bit good in technology and who have contacts in countries like UK or Aus, they use Skrill, Neteller etc. as a side business, to transfer punters money into betfair accounts and charge transfering commission from punters. So those middlemen are using Skrill etc. pretty good, which is right or wrong, don't know. Its all about How desperate someone is to play on betfair.

Otherwise, Cricket and Tennis Exchanges are available through phone line all- year round, where anyone can bet from $10 to hundreds of thousands of dollars 'in-cash. No bank,no tax, No Premium Charge involved. From there onwards, people manage to invest that money somewhere else and still left with tons of cash left with them.

RicHep365
Posts: 101
Joined: Thu Nov 23, 2017 9:42 am

Fri Feb 16, 2018 9:56 am

I would be very interested to know how many of Skrills accounts are genuine and how many are 'friends' accounts. I reckon a large portion of their business comes through this and a lot of skrill accounts are basically fraudulent. I'll be interested to see what happens to their business if a minimum bet rule comes in and people no longer need to have loads of accounts to get a bet on.

Derek27
Posts: 2588
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed May 23, 2018 1:00 am

Hi All,

Does anyone know why Neteller are asking this question before a deposit or what the consequences of answering it would be?
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