888 crazy exchange rate

    • pappadjango
      pappadjango
      Bronze
      Joined: 23.07.2010 Posts: 107
      whats up with 888s exchange rate,they charge 83.8 euro per $100.but the fishy and frankly shady thing is when you withdraw the same amount they only credit 77.7 euro per $100.
      thats friken 6 points less which is a joke!!.yes i know there will be some differance but come on 6 points.
      say for instance i deposit $1000 which would cost 838 euro,then a few days later decided to cash out $1000 they would credit me 777.2 euro.thats 60 euro less or 90 dollars for the same money,wtf that cant be right jesus
  • 8 replies
    • pappadjango
      pappadjango
      Bronze
      Joined: 23.07.2010 Posts: 107
      even stars rate is 79.2 which is 4 points lower wtf
    • MatejM47
      MatejM47
      Black
      Joined: 21.01.2010 Posts: 1,193
      Yes their exchange rate is nothing short of a total rip-off. They take 4% on every transaction afaik.

      You can avoid this by having your MB/Nettler account in USD tho since their site is really fishy so its still worth going trough some troble to be able to play there.
    • TiciBoy
      TiciBoy
      Bronze
      Joined: 13.01.2010 Posts: 1,235
      It's better to withdraw in $ and let Moneybookers (or your bank) exchange that in €.

      For Moneybookers I can confitm you pay ~2,5% fee. If you let 888 exchange to € you pay ~4% I think...
    • taavi1337
      taavi1337
      Bronze
      Joined: 29.05.2009 Posts: 2,920
      Originally posted by TiciBoy
      It's better to withdraw in $ and let Moneybookers (or your bank) exchange that in €.

      For Moneybookers I can confitm you pay ~2,5% fee. If you let 888 exchange to € you pay ~4% I think...
      if this is correct then I have wasted a lot of money :)
    • pappadjango
      pappadjango
      Bronze
      Joined: 23.07.2010 Posts: 107
      yes my problem is not with moneybookers,i got 77.7 points per $100 withdrawing from 888 in dollars into my mb which is in euros.
      why is there rate so friggin high no wonder all they do is give deposit bonuses when the rate is so high.you deposit they gain 6 euro per 100 you deposit versus withdrawel
      very shady in fairness would like ps to look into this plz
    • OZSA
      OZSA
      Bronze
      Joined: 18.05.2009 Posts: 804
      withdrawal from ladbrokes a few days ago. Had euro there, cashout to $ moneybookers, EU vs $ was 1.24, they gave 1.21, when depositing from $ moneybookers to euro site (ladbrokes example) they convert you at the rate of 1.28.. so pretty big ripoff.
    • TiciBoy
      TiciBoy
      Bronze
      Joined: 13.01.2010 Posts: 1,235
      Originally posted by taavi1337
      Originally posted by TiciBoy
      It's better to withdraw in $ and let Moneybookers (or your bank) exchange that in €.

      For Moneybookers I can confitm you pay ~2,5% fee. If you let 888 exchange to € you pay ~4% I think...
      if this is correct then I have wasted a lot of money :)
      It is correct. ;) I withdrew that was last week and it was 2,5%.

      Also there was this thread some time ago: "Cash out in € with better exchange rate"
    • prate1234
      prate1234
      Bronze
      Joined: 27.03.2011 Posts: 744
      888 is the most terribad site I have seen.
      I have seen tournies where the min-cash was less than the buyin!! WTF is that shite . Heard a lot more weird instances.