By that im talking about when customers deposit and withdraw into their site. I know pokersites take deposits from ewallets such as skrill, neteller and also take deposits from credit cards, bank wires and other methods as well. Sportsbetting sites take ewallets but also do western union and moneygram as deposit/withdraw. I do know that majority of sportsbetting sites if you deposit via moneygram or western union, they reimburse you the fees if you deposit at least 300 dollars or so.


My question is how much does a poker site/sportsbetting site have to pay each time a customer deposits/withdraws for the processing costs? For example if someone deposits 1000 into their account just to make it simple via skrill, i think the site has to pay a 3 percent fee for processing costs so its costing them 30 dollars each time a customer deposits 1000 and their goal of course is to have the customer rake a lot to make it worth it for them. But when they withdraw, is it similar something like 3 percent? Reason why i brought up 3 percent was b/c i heard pinnacle sports stop allowing ppl to deposit say for example 5k, then wager 5k , then withdraw b/c that cost them a lot of money in processing fees. So if this is true, look at bovada/bodog. I know if you do a wu or mg deposit, the fees are usually 10 dollars or 20 but they cover it if you deposit at least 300. However, isn't it very tough even for sportsbooks to make much money when they have to pay so much for processing fees? Obviously if someone was a winner, then it makes it even more worst for them b/c they covering all the fees for everything. For poker, its different b/c many ppl pay lot of money in rake so withdraws from pokerstars etc doesn't hurt their bottom line.


Obviously if someone deposits and then withdraws and then do it again and rinse and repeat and the site has to eat up these costs... obviously its not good for them. However, does anyone here think for sportsbetting sites that they pay the fees if you deposit minium 300... isn't their margin really low? Because let say someone deposit 300 via moneygram or wu... if im not mistaken, bovada/bodog had to probably pay 10-15 dollars for you to send this money, and their goal of course is for you to lose the whole 300. It seems like for those that deposit really small amounts, it seems like its not worth it for them wouldn't you say?


Another thing is i know many sites offer paper checks as well. Some sportsbetting sites offer it free once a month, others charge 50 dollars for one... poker sites like stars does it free but others i know like intertops charge 50 for one. Other sites i know charge 65 per one. But how much does it cost for a site to process a check? I mean, if they sending it to you via fedex, isn't this going to cost them at least 30 dollars at the minimum?


Also when i was in the us, i know bovada gave one free payout up to 1k a month via western union. However, if you had to pay for it, fees are like $110 for a $1000 payout. Its $200 for a 2k payout and if you withdraw something ridiculous like $100, they charge $20 for it. For a $200 charge for a 2k payout, how much money does it really cost bovada for them to do a withdraw like this for the customer?


Because i know majority of ppl lose at sportsbetting/poker, but it seems like for many customers, its not really worth it for the site if they had to cover the fees for some ppl unless they are a loser in sportsbetting and by loser i mean they lose, redeposit over and over again etc. Or in poker if they pay lot of rake.

It varies.

Processors charge different amounts for both deps and w/ds to sites. Larger sites may get better deals with some processors depending on volumes

Yes i know it varies. But how is it worth it for the sites to pay the $10-$20 fee everytime someone wants to deposit 300 dollars in a sportbook? Of course many lose and they get the $300 but then you might have guys who are betting very little per game and i know bovada loves those ppl who bet 20 dollars a game... but isn't the hold percentage very low for the sportsbook if someone is betting that little? Yes i know they want guys to deposit and lose then redeposit again over and over but it seems like those ppl who deposits really small amounts doesn't seem to be worth it.


I mean if you look at a pokersite, if someone deposits even $300 and plays poker and rakes a lot though by that i mean rake a lot in terms of playing at their stake, i could see it being worth it for them. And even when they process withdraws, its worth it assuming that person paid a good amount of rake. Even if they dont and did bare minimu, its not big issue b/c tons of poker players on the site pay way more rake.


Also when they do big bank wires such as 10k plus, i know sportsbook never reimburse for a wire. I know bookmaker charges something like $600 if you want to do a 10k wire and pokerstars probably charges a few hundred to do a wire over 5k i believe... but how much does the wire fee really cost them? Such as bookmaker may charge 600 to the customer for a 10k wire, but how much does it really cost them? Such as it might cost them 200 only but 400 they charge the customer so they make 400 in the vig? For a site like pokerstars, i would assume whatever the customer had to pay for the wire fee... i assume they basically dont make anything off the wire and all the total costs are on the customer and they aren't making anything out of doing a wire?

Not every customer is a profitable customer. Many are not.


--
Kahn

Are you saying its mostly poker players as oppose to ppl betting sports? I would assume poekrsites/sportsbook would prefer those ppl who deposit a lot more than the usual as they could make more from them.

If it was not profitable then the sites would not exist


if they are really charging $600 for a wire then that site is making a killing off of it. a wire will cost the site probably $30-$50 in bank fees plus whatever it costs to hire the person for the 2-3 mins it takes to issue the wire

I know of what he speaks. I'd consider myself to be in this category, as I'm an overall +profit player in my play but I P2P funds off after a decent bink. I don't generate much rake playing a handful of MTT's, and I don't cashout in the traditional sense.

I remember reading an article about absolute poker which claimed they were paying fees of up to 30% of deposits.

It is possible that running a poker site is not as profitable as many people on this forum think it is.

PokerStars does not actually charge a fee at all for wire cashouts irrespective of amount.

It's detailed online here: http://www.pokerstars.com/poker/real.../wirecashouts/

Skrill and Neteller deposits they pay 3.1% - 7.5%, for Visa and Master they pay about 5% for US processing i have heard rate is 10-15%

I read a statistic somewhere. I don't know where it came from or how reliable it is, so take this with a grain of salt:

Every deposit made, on average, the site expects to profit about 1/3 of that amount. I.e. if someone deposits $900, the site expects to profit $300 off of that. Some people less, some more, but that's the average.

When I withdrew from Victor Chandler (now Bet Victor) it didn't cost me anything.