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  30-Jul-16, 15:53   #1
Cashing out on PokerStars 0 
yout85 
Joined: May '12
Location: United Kingdom
Age: 31 (M)
Posts: 2016
What was the best way to get cash out charges as low as possible again?? I remember something along the lines of converting to your own currency in the cashier before withdrawing.... was there anything else to it?

     
  30-Jul-16, 15:59   #2
  0 
pinotte 
Joined: Jun '13
Location: Canada
Age: 73 (M)
Posts: 3494
Nothing else you make the exchange in your currency then you stay there and make your cash out direct from your currency. Thumbs Up Thumbs Up

     
  30-Jul-16, 16:07   #3
  0 
yout85 
Joined: May '12
Location: United Kingdom
Age: 31 (M)
Posts: 2016
Any idea what the charges actually are when in your own currency now?

     
  30-Jul-16, 16:50   #4
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 39 (F)
Posts: 10021
Probably they will be connected with a currency fx site to get the daily prices.
Thats what all sites do.
Just sent them an email asking to tell you, what this site is to figure it out for yourself.
Some member here might also know the answe on thig on.
But it will be better to ask the site, cause they might be charging an extra fee to the
conversion rate.

     
  30-Jul-16, 17:56   #5
  +1 
marqis 

Joined: Sep '10
Location: Netherlands
Age: 48 (M)
Posts: 1631
Pokerstars is unique in that it does not charge a currency conversion fee, when you've added extra currencies to your account, and exchange between them.

That means when you convert $100 to euros, and convert it straight back again you'll still have $100.

If you however just cash out the $100 to a euro account, you'll be charged a 2.5% fee by pokerstars (they didn't used to, until about a year ago). If you let your bank do the conversion you'll likely be even worse off (like 4 or 5%).

Just add the extra currency in pokerstars, and avoid those fees.

     
  30-Jul-16, 18:10   #6
  0 
Ingrind33 

Joined: Sep '15
Location: Netherlands
Age: 34 (F)
Posts: 530
hello there, yes listen to marqis. it is also possible to make some small change by converting money from euros to dollars or other currencies when one currency is very low. This is very interesting if you have above $1000, because you can make some nice dollars in one week, if you keep an eye on the currencies. that means buying dollars when they are cheap, exchange them for euros if they are worth more, or the other way around.

     
  30-Jul-16, 18:16   #7
  0 
IceQueenAce 
Joined: Feb '13
Location: United Kingdom
Age: 40 (F)
Posts: 2196
I have two currencies on stars, dollars and pounds. I always make sure my cash is in pounds and I withdraw straight to my bank.

If I withdraw £100, I get £100, no fees.

It is insanely quick too

     
  30-Jul-16, 18:43   #8
  0 
yout85 
Joined: May '12
Location: United Kingdom
Age: 31 (M)
Posts: 2016
Posted by IceQueenAce:
I have two currencies on stars, dollars and pounds. I always make sure my cash is in pounds and I withdraw straight to my bank.

If I withdraw �100, I get �100, no fees.

It is insanely quick too


Oh that's great news. Hope it's the same for me

     
  30-Jul-16, 18:51   #9
  0 
IceQueenAce 
Joined: Feb '13
Location: United Kingdom
Age: 40 (F)
Posts: 2196
hope so.

did you have a nice win?

     
  30-Jul-16, 18:52   #10
  0 
yout85 
Joined: May '12
Location: United Kingdom
Age: 31 (M)
Posts: 2016
A couple of small ones... but might need to withdraw some soon

     
  30-Jul-16, 18:54   #11
  0 
IceQueenAce 
Joined: Feb '13
Location: United Kingdom
Age: 40 (F)
Posts: 2196
good good Smile

     
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