Neteller query

[DanielDares]

Got a USD account at Neteller and I wanted to top up my UK betfair account using it.....Is this a bad idea (i.e. will I get massively stung on X rate?)

How do people usually move money out of neteller, you cant keep it in a 'closed loop' of US bookies forever?

Thanks

[tartantipster]

Got a USD account at Neteller and I wanted to top up my UK betfair account using it.....Is this a bad idea (i.e. will I get massively stung on X rate?)

How do people usually move money out of neteller, you cant keep it in a 'closed loop' of US bookies forever?

Thanks

Bad idea, Massive fees, GBP £ Net A/c for me, MB USD $ for US Books.

[leveret]

I still have Neteller in US$$ ( throwback to the glory days of blackjack ). However I do have another Betfair a/c in $$ funded by the Neteller account. With a little juggling of figures you can use it to match against ££ books if you like.If you are lucky you can arb funds back to ££. If you are unlucky you could end up with more $$.

[DanielDares]

Thanks guys, but when its time to say goodbye to those dollars, whats the best way to finally convert back into pounds? Using a bookie? Netteller? They offer a cheque withdrawel, that good?

I ask because I think its only a matter of time before the pound begins to recover against the dollar....and if you got a ton of US flaoting about, its gonna start eating into your pot.......I appreciate you can hedge but id rather just reduce my dollar exposure by cashing some out

Thoughts appreciated

[tartantipster]

Thanks guys, but when its time to say goodbye to those dollars, whats the best way to finally convert back into pounds? Using a bookie? Netteller? They offer a cheque withdrawel, that good?

I ask because I think its only a matter of time before the pound begins to recover against the dollar....and if you got a ton of US flaoting about, its gonna start eating into your pot.......I appreciate you can hedge but id rather just reduce my dollar exposure by cashing some out

Thoughts appreciated

Bank Transfer.

Never cheque! Never Neteller! Never an easy pill to swallow regardless.