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cash-out in € with better exchange rate?

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abcde23
Joined: 18.05.2008

Hello!
Does anybody have an idea how u can reduce exchange rate losses under 1,99% (1,99% come while cashing out throught moneybookers)?


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33 replies
Heave112
Joined: 27.03.2009

You cant change a thing, unless you are a VIP member and deposit more than 10k on moneybookers .


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i don't know why but i pay 4%. i asked 888 they said they don't charge anything, i asked moneybookers they said they charger ~2%. so i don't understand where remaining 2% is missing...


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888 converts the currency as it transfers. It looks like they're not charging but they really are.

They can use the excuse "exchange rate".


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abcde23
Joined: 18.05.2008

Yes, since 1/2 year 888 takes 4% for an "exchange". I thought everybody knows it. And the original question was if anybody knows how to reduce the loss under 2%. Does anybody know a method how to change $ in €?


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simply do not cash out in euros,I did that once and exchange rate fee was outrageous


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Yea, I did that mistake last week. "Fee" is just too high. :(

But can I do anything if I want to withdraw in $ and have Skrill in €? And I'm not a VIP member, so I guess multi-currency in Skrill is not possible.

EDIT: I selected "withdraw in €" in 888 cashier. Would it be better to just withdraw in $ and let Skrill (Moneybookers) convert that in €?


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EDIT: I selected "withdraw in €" in 888 cashier. Would it be better to just withdraw in $ and let Skrill (Moneybookers) convert that in €?

So can anyone confirm if we withdraw in USD and our moneybookers is EUR we will pay only 2% for moneybookers or 4% for 888 and 2% for moneybookers?


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T3rMiT3
Joined: 29.02.2008

Originally posted by cubinis

EDIT: I selected "withdraw in €" in 888 cashier. Would it be better to just withdraw in $ and let Skrill (Moneybookers) convert that in €?

So can anyone confirm if we withdraw in USD and our moneybookers is EUR we will pay only 2% for moneybookers or 4% for 888 and 2% for moneybookers?

great question... Waiting for a reply too


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Originally posted by T3rMiT3

Originally posted by cubinis

EDIT: I selected "withdraw in €" in 888 cashier. Would it be better to just withdraw in $ and let Skrill (Moneybookers) convert that in €?

So can anyone confirm if we withdraw in USD and our moneybookers is EUR we will pay only 2% for moneybookers or 4% for 888 and 2% for moneybookers?

great question... Waiting for a reply too

Bump this question up. :)

So, can anyone confirm this?


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We're checking for you :)


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Originally posted by IngridN
We're checking for you :)

Ingi helpfull as always. ;)


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Shevtshenko
Joined: 06.12.2009

after reading this, checked their rates for my last transactions. FML they're raping me with their conversion rates. 10K$ withdraw 400$ conversion costs!!! wtf, 888?!?


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Originally posted by Shevtshenko
after reading this, checked their rates for my last transactions. FML they're raping me with their conversion rates. 10K$ withdraw 400$ conversion costs!!! wtf, 888?!?

My withdrawal was not that big, but yeah...I was as surprised/shocked as you. That's why I wonder if we can withdraw in $ and let MB convert that to €, which would mean 2% conversion rates.

Quite sick, indeed.


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Natalia is checking this for us, please bare with me guys. I'll only have answer on this tmw.


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I think if you withdraw in $ you will be charged only by moneybookers. I am using visa and when withdrew in euros was charged by 888 and my bank's fee. When cashing out in $ I pay only my bank's fee


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pappadjango
Joined: 23.07.2010

ok just for arguement sake to c for myself i did this.i deposited 100 dollars it cost me 78.01 euro then withdrew the same 100 dollars instantly and my moneybookers acc was credited 73.47 euro.i lost 4.54 euro as a result wtf


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Hiya,

First of all to become a VIP on Skrill you need to deposit $2,000 not 10k. And yes, VIPs have lower FX fees.

And the best way to avoid higher fees is use the same currency.

I will look more deeply to your queries and try to get back asap.

BR,
Nat.


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we asked about 888 fees not about how to get moneybookers vip


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Shevtshenko
Joined: 06.12.2009

Originally posted by MissNatalia
Hiya,

First of all to become a VIP on Skrill you need to deposit $2,000 not 10k. And yes, VIPs have lower FX fees.

And the best way to avoid higher fees is use the same currency.

I will look more deeply to your queries and try to get back asap.

BR,
Nat.

So it's enough to deposit 2k$ in one month to become Skrill vip? I wonder why i've never got the vip status then, since i've deposited over 2k$ more than a few times.


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