This is bull**** to an amazing level. This thread should be in NVG where there is the most traffic.

Are there any limits on how much we convert between currencies within the client?

Well just more reason to not leave much money on pokerstars because with the new people behind the scenes. ps isnt what it used to be. Dont leave much funds in your accounts people so the same thing doesnt happen again like happend with almost every pokersite by now. And after they sold to amaya gaming ps really is just one of these sites like there have been plenty before and where plenty of them went broke.

If you really want to compare with a bank well what intrests are you giving us on our money?

Seems a convenient thing to bring in if you're anticipating large player groups withdrawing their balances because theyve been removed from the market

Pokerstars compare themselves to a bank now? Nice! Can't wait for the interest to start ticking + on my account balance.


(I'm actually joking, I don't have any money on pokerstars anymore and this isn't exactly incentive to go back)

+1 what a dumpsterfire.

stars just standard corporate company now, really a shame.

Thanks for making this easier to understand meleaB.

So, in your example, when player withdraws $100 from usd wallet into a gbp account, and loses money only because they didn't know how to withdraw optimally, who pockets the £1.52 that the player loses in this transaction?

Are stars charged by a third party for this withdrawal and the £1.52 covers costs, or do stars keep this money cos, hey, if you don't read this thread, obv you don't care about money so we'll just take some more from you?

this

This.

guess it's too much for stars to email its customers, everyone that plays on stars needs this info.

Let me get this straight


1. If funds are in usd, then when making a withdraw such as check or wire in canada, since there are no usd wires allowed, then there will be an additional 2.5 percent fee? Thus a check in CAD which i had heard conversion cost was very low, now theres an additional 2.5 percent fee? So a bank wire which is sent in euros and then converted to cad which cost a good amount and now theres another 2.5 percent so its pretty much like 10 percent fee for a wire?


2. If funds are usd and you request a usd withdraw via skrill to usd skrill account, no fees correct? However canadians dont have this option anymore as no more skrill


3. Do the majority of poker players in europe and other countries including canada keep their stars accounts in usd? If your main currency is euros, how do you guys deposit/withdraw into stars and do you buyin and cashout via usd? Since all games are pretty much usd except few cash games that i see are euros... how do you guys do it? Obviously you guys have euro have banks but i assume most euros have both a usd and a euro currency stars account? So similarly same for skrill acct or neteller? But in the end you want usd so you still have to pay currency fees though right and its basically if you going to pay an ewallet like skrill or neteller or your bank? Im curious but how much does it cost for you guys to convert say 1000 usd to euros for example in terms of euros when you want to withdraw those funds to your euro bank account. Such as how much it cost whether its in usd.

This

Nothing short of theft really.


For the .com client seems fine if your currency is any of the wallets that they offer and your not cashing out more than the currency limit transfers. Even if you are people always want stars and its easy enough to swap stars $ for bank transfers skrill etc.

Still a bs move and just seems stars are going downhill really quick taking these lines.

Yep brillliant just checked my .FR account for a withdrawal. On a €4k withdrawal converting to £ i lose £80 of course i have no way of converting to my currency as you can only have euro balance on .FR

vwp Stars of course we cant really do anything about is as they have zero competion...

So as long as I exchange my money to euros in the pokerstars cashier before withdrawing to my euro bank account or euro skrill, i don't get hit by any fees?

Unless I'm missing something, seems like there won't be any change for most.

Just badly worded OP made it look like the end of the world, imo.

players should be given the option to change wallet/balance currency vig free at the very least

Yes this is correct.

Not an expert on what's going on, hoping someone will correct me if im wrong.

Yeah, IF you have a usd/euro/gbp bank account, AND IF you've read and understood this thread, it doesn't cost you anything. Guessing that's a tiny percentage of players.

And you should care about other players getting screwed here; eg typical UK recreational player deposits directly into his stars usd wallet, and takes a 2.5% hit to his roll before he sits down just because he didn't know the optimal way to deposit, that's money you're never gonna have a chance to win from him.

^ Recs are gonna get destroyed in this manner, same on cashouts too obvs. That's what pisses me off more than anything tbh, don't **** the recs over

Stars reading this thread:

Yeah stars.fr players, Rec players who are unaware or countries who don't have their local currency on the client get screwed and maybe more. Hopefully it stays this way.....
Fwiw you can use a currency site and withdraw in either USD or eur etc if you have a non stars currency and save on xe rate and avoid this new change

So please someone confirm if I convert in client it doesn't cost more than before, say if I play eur cash game or sng/Mtt and convert winnings back to primary currency it doesn't affect me right?

Can you explain the easiest way to use fx/currency site. Neteller/Skrill arent allowed on most currency sites. So you withdraw froms stars to where?

So when I deposit, for example, $100 US with credit card using nz dollars, will i get both my bank currency conversion charge ( usually 3.5%) and another 2.5% charge by stars aswell?

If so would this extra 2.5% show on my credit card statement?

If yes, thats complete bull**** and I wont be depositing anymore

I hope Im wrong?

I just tried this from Australia and looked to deposit $900 which bought me $768.92 instead of $788.92 at the current real conversion rate to $US.

Thats roughly a ~2.55% fee.

Then withdrew it and received AUD$855.62.

That's roughly a 5% fee!

You're a ****ing disgrace, Amaya/Stars.

It was picked up on NVG http://forumserver.twoplustwo.com/29...houts-1484123/ but then the thread was closed (conspiracy theories suggest due to headline advertising)

One of the poker news sites has picked up on this thread - http://www.pokerrealmoney.com/anger-...ars-fx-margin/ - and they all tend to copy each other´s content, so it should hit the more mainstream poker news sites by breakfast (unless it affects their advertising revenues as well!)

at this point i'm almoast glad that they announced tis and regulars who seem to be aware of this issue can still cash out legitimately without paying any fees (not sure if thats confirmed yet)

from a pure business standpoint this is obv brilliant bc they can essentially rake recs double and lets be honest not a single fun player will give a **** if his 70GBP deposit give him 92$ or 95$ - he will just assume it's standard. same counts for cashouts but i doubt alot of funplayers cashout too frequently...


anyways, what is pissing me majorly off are these statements. when you changed to weight contributed rake you said we doing this to aline with teh industry standard
now you giving teh quote above

YOU ARE TEH ****ING MARKET, YOU ARE TEH ****ING INDUSTRY STANDARD (yet, and if you continue like that not forever i can tell you that for sure...)

the people who poast here especially teh ones who play for a living are not stupid and moast likely moar intelligent than half of your executive board so please do us a favor and don't say anything instead that quote or just be honest and say you want to make moar money ffs

Yes but banks also have fees for atm usage and you have to consider the opportunity cost of lining up. With these things in mind Pokerstars is the cheapest option for currency transfer.

This isn't too bad for most players that can cashin and cashout in GBP, USD, EUR and CAD.
Except for those ignorant of the best way to cashin/cashout or who don't use the multi-currency options correctly.

But more importantly it's the message this change is sending to the players : we are here to make the most money possible in the shortest time possible.
THAT is a very bad sign.