Skrill and e-wallets - what are the benefits?

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ShaunWhite
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Derek27 wrote:
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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The answer is 'non gambling'. You're a trader aren't you? We traders definitely aren't gamblers! If you get your collar felt I'm sure Peter would be delighted to be an expert witness at your trial. :D
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Derek27
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Found the answer and it's put an end to my paranoia. :D
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Presumably it's just to help problem gamblers - but I suspect they would just click on gambling. :lol:
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megarain
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Some new regs re the use of credit cards for gambling comes in shortly.

I am not sure, if you trf money via bank to skrill, if you can still trf from there. Its not clear how they would track deposits.
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Derek27
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I'm guessing e-wallets will now have sub-accounts, one for credit card deposits and another for non-credit card deposits. The question is, when a customer makes non-gambling purchases would it be taken out of the credit card account or would a £5 credit card deposit lock up a grand of gambling funds?

Not that many traders would need to use a credit card to trade.
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megarain
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True .. but traders are net winners on the exchanges.

So long as I can still trf, from say Betfair to skrill, to Betdaq, back to skrill, back to betfair it would save it hitting a bank account, with
all the accompanying grief that my cause.

I will try in a few days, after the 14th.
stu410
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Joined: Sat May 05, 2012 10:34 pm

As you may be aware, the Gambling Commission in Great Britain has announced a ban on all credit card transactions made to gambling operators in Great Britain. This includes credit card payments made through an e-wallet, such as NETELLER, but does not apply to debit card transactions. The ban becomes effective on 14 April 2020 and in preparation for this, NETELLER will stop all credit card transactions to gambling operators in Great Britain on 8 April 2020.

What this means for you, as of 8 April 2020:
You will no longer be able to upload funds to your wallet via credit cards for gambling purposes
You will no longer be able to transfer funds via a credit card to any gambling operators regulated by the Gambling Commission
Please note, the ban only applies to credit card gambling transactions in Great Britain. You can still use debit cards or other alternative payment options, such as Rapid Transfer, to upload funds to your NETELLER wallet for the purpose of gambling.

The protection of our customers and our commitment to providing you with a world-class service remain our number one priority here at NETELLER.

Please do not hesitate to contact our Customer Services team if you have any questions.

Regards,
NETELLER Team
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megarain
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I funded my Skrill account with a trf from betfair on April 3.

Tried to trf it today to Betdaq, and it went thru Normally.

Presume it’s just credit card trfs into the Skrill account they are flagged.
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