Cash out - most profitable way?

    • StruxXx
      StruxXx
      Platinum
      Joined: 18.12.2015 Posts: 84
      I'm wondering what is the most profitable way to cash out from poker sites. I personally play on PokerStars and on my last cash out I've realized that PokerStars tends to rip you off when you're transfering money to your bank account. Since I don't use USD as my home currency and I need to convert it to my domain currency.

      Is skrill the best option? Does any1 knows exact percentages how much does PS takes on transaction fees? Same goes for Skrill.

      Thanks in advance & Cheers! :f_drink:
  • 6 replies
    • thienimon
      thienimon
      Bronze
      Joined: 22.08.2007 Posts: 17
      I believe any method of cashing out on PS, they take a small fee. Best I would say don't see it sample 100$ cash out but add extra $5-6$ on top. Of all the poker site, PS cashing out is the quickest.
    • ColorFlusher
      ColorFlusher
      Silver
      Joined: 19.01.2008 Posts: 843
      • 05.08.2016, 12:38
      • This post has been edited 1 time(s), it was last edited by ColorFlusher: 05.08.2016 12:43.
      As far as I know there's only fee if you let the currency conversion be made after the cash out. Always convert your money on PokerStars for the correct currency before if possible (EUR, GBD, CAD). Same applies to deposits.
    • Rihard4a
      Rihard4a
      Bronze
      Joined: 08.09.2010 Posts: 2,064
      PokerStars lets you have different currency balances, i.e. EUR, USD, GBP, CAD. So you can change your USD balance to any of these, and you can select the amount to want to convert. That might save you some money. But I use Skrill, because I play on 3 sites at a time and manage all those balances in USD, so do I with Skrill despite USD not being my primary currency.
    • meandi289
      meandi289
      Bronze
      Joined: 22.08.2009 Posts: 211
      Great, I have the same question also. I have heard that withdraw from Partypoker is free of charge. Noted to see if there is any other profitable ways to cash out
    • Lazza61
      Lazza61
      Headadmin
      Headadmin
      Joined: 23.03.2011 Posts: 10,073
      Hey meandi289,

      That is correct. They removed most withdrawal charges in August last year and the remainder in February. There may still be charges involved when currency conversion is involved.

      Regards

      Laz
    • StruxXx
      StruxXx
      Platinum
      Joined: 18.12.2015 Posts: 84
      • 15.08.2016, 15:58
      • This post has been edited 1 time(s), it was last edited by StruxXx: 15.08.2016 16:00.
      Pokerstars offer conversion to currencies that are not my domain currency, so converting to any of these is pointless in my case.
      I wonder if conversion rate on skrill from USD to my domain currency is cheaper then on stars.
      Does any1 know the exact numbers of conversion fees? Where can I find them etc...