www.flopturnriver.com

Poker Forum

Over 1,246,000 Posts!

Already Registered? Username: Password: Remember Forgot Password
Tweet

cashing out

LinkBack

Thread Tools

Display Modes

pokerroomace

12-20-2007, 11:44 AM Post subject: cashing out

#1 (permalink)

Full House

Join Date: May 2006

Posts: 783

i have quite a lot of money on the internet that i want to cash out. what is the best way to cash it out? i live in england.
i have a neteller dollar account. i have a dollar and pound sterling bank accounts.

neteller won't let me cash out in pound sterling.

i want to lose as little money as possible in transferring the money. if i cashout using neteller to my sterling account, i will lose a load of money on fees and exchange rates.

how do i get my money out without losing to much money? does anyone know/have experience in cashing out to england?

http://pokerlife.wordpress.com/
18 years old. short-handed $600NL.

Play for FREE and practice your game at...

Join the FTR Poker Forum to disable these banners and start posting!

taipan168

12-20-2007, 12:31 PM

#2 (permalink)

Administrator
Administrator

Join Date: Jul 2005

Location: Sydney

Posts: 10,441

taipan168 is an unknown quantity at this point

If you're playing on Stars, they can send you a cheque in a number of different currencies drawn on a local (ie. UK) bank.

Robb

12-20-2007, 12:39 PM

#3 (permalink)

4-of-a-Kind

Join Date: Aug 2007

Posts: 3,072

Robb is an unknown quantity at this point

Quote:

Originally Posted by taipan168

If you're playing on Stars, they can send you a cheque in a number of different currencies drawn on a local (ie. UK) bank.

UB same way. If on Absolute, then free transfer to UB, and request a check. UB will overnight if it's more than $2,000 (forget exact minimum) at no additional charge.

TLR

12-20-2007, 02:14 PM

#4 (permalink)

Moderator

Join Date: Aug 2004

Posts: 5,007

TLR is an unknown quantity at this point

Quote:

Originally Posted by taipan168

If you're playing on Stars, they can send you a cheque in a number of different currencies drawn on a local (ie. UK) bank.

Last time I checked on stars you are required to withdraw using the same method you transfered money to stars, at least up to the amount you deposited.

If you deposited $100 via neteller you have to withdraw the 1st $100 through neteller.
If you have a good reason not to withdraw via neteller you can contact stars support and they will let you do that, but they will not let you deposit via neteller again

bigred

12-20-2007, 02:19 PM

#5 (permalink)

PROFESSIONAL TROLL

Join Date: Sep 2004

Location: Nest of Douchebags

Posts: 2,184

Send money to bigred07 on stars. Easiest way to get your money back. It may, however, take anywhere from 2 days to 2 millennium.

LOL OPERATIONS

badgers

12-21-2007, 02:54 AM

#6 (permalink)

4-of-a-Kind

Join Date: Feb 2007

Location: Spewing

Posts: 3,372

If you live in the uk why did you use netteler?

Just cash out with a visa obv.

3k post - Return of the blog!

pokerroomace

12-26-2007, 11:35 AM

#7 (permalink)

Full House

Join Date: May 2006

Posts: 783

i play on party and towergaming.

i had most of my money on neteller. i tried to cash it into party and then cash it straight out to my us dollar account without playing. they wouldn't let me do this. they say i have to cash it out to neteller.
after a lond phone conversation they let me cash out the money i already had on party to my bank. and they will let me cash out the rest of my money back to neteller without playing.

party and towergaming both make you cash out back to where you cashed in.
even after i cash out the money they allow me to cash out to my bank - i will still have a large amount of money on neteller.

TLR said:
If you have a good reason not to withdraw via neteller you can contact stars support and they will let you do that, but they will not let you deposit via neteller again

What would be a good excuse?

Would it be a good idea to close my neteller account? Would they then be forced to send it to my bank account?
Would things be better for me if I changed my neteller account from $ to pound sterling?

thanks for all replies so far

http://pokerlife.wordpress.com/
18 years old. short-handed $600NL.

biondino

12-26-2007, 08:37 PM

#8 (permalink)

4-of-a-Kind

Join Date: Apr 2005

Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars

Posts: 3,170

I hate to say this fella, but there is no possible alternative that will not involve paying charges for converting from dollars to pounds. These charges may be separate or the may be built in but whether it's Stars, Neteller or your bank, someone will have to reclaim the costs involved.

biondino

12-26-2007, 08:38 PM

#9 (permalink)

4-of-a-Kind

Join Date: Apr 2005

Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars

Posts: 3,170

So, do it in one go - withdraw everything you want to take out to Neteller, then withdraw the entire amount in one go to your bank.

TLR

12-26-2007, 08:41 PM

#10 (permalink)

Moderator

Join Date: Aug 2004

Posts: 5,007

Quote:

Originally Posted by pokerroomace

i play on party and towergaming.

TLR said:
If you have a good reason not to withdraw via neteller you can contact stars support and they will let you do that, but they will not let you deposit via neteller again

What would be a good excuse?

I had problems getting neteller funds transfered to my bank account in Israel, when I contacted stars they told me they would cash me out in a different method if I wanted but that would disable me to use neteller with stars in the future

pokerroomace

01-02-2008, 02:03 PM

#11 (permalink)

Full House

Join Date: May 2006

Posts: 783

Quote:

Originally Posted by TLR

Quote:

Originally Posted by pokerroomace

I'm in Israel too. It's a hassle transferring funds here.

I think I'm going to close my neteller account and then cash it out thru Party and TowerGaming to my accounts, since it will be much cheaper and it will cost me like $10 only.
Does anyone see any problems with this method?

http://pokerlife.wordpress.com/
18 years old. short-handed $600NL.

TLR

01-02-2008, 03:08 PM

#12 (permalink)

Moderator

Join Date: Aug 2004

Posts: 5,007

Wow, fellow Israeli, where do you live ?

pokerroomace

01-04-2008, 11:28 AM

#13 (permalink)

Full House

Join Date: May 2006

Posts: 783

i don't. im in isrel 4 a yr of yeshiva. yeshivas the reeson ive quit pokre. u jewish?

http://pokerlife.wordpress.com/
18 years old. short-handed $600NL.

TLR

01-04-2008, 11:32 AM

#14 (permalink)

Moderator

Join Date: Aug 2004

Posts: 5,007

Yep, I recall now you had a big dilemma about playing poker, I get it u chose the quit

How is life in the Yeshiva ?

salsa4ever

01-04-2008, 02:02 PM

#15 (permalink)

Full House

Join Date: Jun 2005

Location: Melbourne

Posts: 1,073

I'm perpetually curious about other cultures

According to Wikipedia, Yeshiva is a year of religious study.

When is it customary to take this year off?
Is it customary to go to Israel to do it or can it be done in one's home country?
Is gambling inconsistent with Jewish religion, according to popular opinion?
Is gambling incompatible with Yeshiva? Again according to Wiki, it's permissible to work during Yeshiva, so if one sees themselves as a poker player by profession, is that OK?

Thanks for satisfying my curiosity.

P.S. I can't seem to find PRA's thread. I remember it and posting in it but I can't find it any more

Quote:

Originally Posted by bigred

Would you bone your cousins? Salsa would.

Quote:

Originally Posted by salsa4ever

well courtie, since we're both clear, would you accept an invitation for some unprotected sex?

TLR

01-04-2008, 02:58 PM

#16 (permalink)

Moderator

Join Date: Aug 2004

Posts: 5,007

I am far from expert on this issues, but I will try to answer to the best of my knowlege

Quote:

Is it customary to go to Israel to do it or can it be done in one's home country?

As far as I know there are Yeshivas in other countries as well, but Israel as a religious center of the jewish religion has a lot of them and to my knowledge some of the most respectable ones
Think of it as a form of foriegn exchange students, when people from other countries come for a year of study

Quote:

Is gambling inconsistent with Jewish religion, according to popular opinion?
Is gambling incompatible with Yeshiva? Again according to Wiki, it's permissible to work during Yeshiva, so if one sees themselves as a poker player by profession, is that OK?

One of the regulars in my home game went through the process of accepting and practicing his religion seriously, when he still used to come I had some discussions with him about it, to my very limited understanding gambling is a very shady area, it is considered an 'unhonorable' way of earning an income as you take money from another without really giving him something in return, so as a profession or any kind of games for serious money it is not allowed, as far as more friendly game for fun for a relatively small amount of money it is less clear and I assume it is pretty much the Rabbi's call

pokerroomace

01-16-2008, 12:01 PM

#17 (permalink)

Full House

Join Date: May 2006

Posts: 783

Quote:

Originally Posted by salsa4ever

It is customary for people to take this year off when they finish school (the year before Uni).
Some spend more than 1 year studying. I've decided to do 2 years. It may end up being more, but I don't have to make that decision yet.

Gambling is a shady area. No great Rabbi would ever consider gambling. My Rabbis were definitely very against me gambling.
I know that a respected Rabbi in London permits gambling for smallish amounts, but he would be gambling for the amounts of money that I play for online ($1kNL). He would not let his own children gamble.
According to Sephardic Jews, it is forbidden to gamble at all. According to Ashkenazic Jews it is a bad idea to gamble. (Sephardic Jews are from Spain, Middle East, etc.) (Ashkenazic Jews are from Germany, Poland, Lithunia, etc.).
It talks about gambling in the Talmud (San Hedrin chapter 3). The conclusion there is that gambling is permitted as long as it isn't your only job. But even so, it is considered like the dust of stealing and no learned, G-d fearing Jew would ever gamble themselves.

There are other Yeshiva's around the world, but you'll find most of them in Israel.
It isn't a custom to go to Yeshiva. By going to Yeshiva, one is spending a year learning how about Judaim and how to best serve G-d. There are people that spend 3, 4, 8, 15+ years at Yeshiva. Rabbis will have spent a fairly long time im learning. I think I will probably stay 2 or 3 years in total. One's years at Yeshiva have a big role in defining who one for the rest of their lives.
Other people in England also take a year off between school and uni, but they will probably go travelling if they took a year off.

There are many different types of Jews though, so it is hard to give you a complete answer. I've just given my opinion.

Religious Judaism in general frowns on gambling.

http://pokerlife.wordpress.com/
18 years old. short-handed $600NL.

nickthefool

01-16-2008, 04:48 PM

#18 (permalink)

Flush

Join Date: Jul 2005

Location: here

Posts: 338

Quote:

Originally Posted by biondino

When I deposit/withdraw from Stars, they give me the same exchange rate both ways. I'm in the UK, deposit by Mastercard (get 1% cashback on it), withdraw by cheque.

The poker gods love me really, they are just testing my faith !

biondino

01-16-2008, 05:44 PM

#19 (permalink)

4-of-a-Kind

Join Date: Apr 2005

Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars

Posts: 3,170

But someone is charging you commission, I promise. Certainly if I make purchases with my £ credit card (Visa) in the US or Europe or anywhere, I get charged commission for doing so. I can't imagine that's not the case here? And don't Stars give you a cheque in $, which you'll then pay to have converted back into sterling? If not, this is fantastic news (especially for money launderers), but I fear there's got to be a catch.

Latest Poker News
KoRnholio	05-26-2012, 03:08 PM Australia Legalized Online Poker coming up in next 6 to 12 Months
According to an email sent out by Mark Bryan, a gaming analyst at Merrill Lynch, the Australian government plans to legalize online poker sometime in the next six to 12 months. This move will coincide ... more at Poker Blogs »

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On Forum Rules

All times are GMT. The time now is 06:26 PM.

Play Texas Holdem Online, Online Texas Holdem Strategy, & Poker Forum

This is not a gambling website.

Poker Forum

Over 1,246,000 Posts!

Poker Forum

Beginners Circle

cashing out

Play for FREE and practice your game at...