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Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed)

06-27-2016 , 04:29 PM
Quote:
Originally Posted by Bobo Fett
If such people exist, it would seem they put as much thought into their vote as people who see a single report from Google Trends and use that to make sweeping statements about groups of people with no idea of whether or not they are actually true.
If such people exist?

Here's one:

Quote:
24 June 2016 at 12:35pm

Leave voter 'disappointed' and wishes to vote remain

A woman who voted to Leave the European Union on Thursday has said that she is "very disappointed" by the results.

The woman spoke at Manchester Airport, saying that "reality" has now hit her and that given her chance again she would vote to remain.

The student said her decision was due to "the pressure of being told" by the two competing sides who she should vote for.

Last updated Sat 25 Jun 2016


http://www.itv.com/news/update/2016-...o-vote-remain/
No, that's not idiotic at all, is it?


And here are two more fine examples of enlightened, informed, voters:

Quote:
With a turnout of 72 percent, Brits chose to leave the EU by 52 percent to 48 percent, with a difference of just 1.3 million votes.

But it became clear almost instantly that some people voting to split didn’t understand the consequences of their choice.

“My vote, I didn’t think was going to matter too much because I thought we were just going to remain,” Adam from Manchester told the BBC. “I’m quite worried.”

A woman named Mandy said that if she could do it over again, “I would go back to the polling station and vote to stay, simply because this morning, the reality is actually hitting, and the regrets are filling in that we actually left the EU . . . I’m worried, worried about my future job.”


http://nypost.com/2016/06/26/british...ch-what-is-eu/
BTW, what's with your comment about a single report? In addition to the two reports above, here are a few more about the overall Google searches in the UK following the vote:

http://www.dailymail.co.uk/sciencete...oting-for.html

http://www.ft.com/cms/s/0/f1300fb4-3...#axzz4CoOK93Ou

https://www.washingtonpost.com/news/...g-to-leave-it/

http://fortune.com/2016/06/24/brexit-google-trends/

https://www.rt.com/viral/348268-brex...-search-stats/

But, yeah, I guess you're right. There's no evidence whatsoever that any of this is true. All of these news outlets could all have been duped by Google.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-27-2016 , 06:53 PM
The world will still spin, the economies will level off and stabilize, yes lower than they were, and ppl will rebuild and continue to live and breathe and slowly strengthen. Not the end of the world so many ppl are making it out to be, just a point in history...

Yes a low point, but certainly not as bad as it could be...
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-27-2016 , 07:13 PM
Quote:
Originally Posted by DC2LV
If such people exist?

Here's one:



No, that's not idiotic at all, is it?


And here are two more fine examples of enlightened, informed, voters:



BTW, what's with your comment about a single report? In addition to the two reports above, here are a few more about the overall Google searches in the UK following the vote:

http://www.dailymail.co.uk/sciencete...oting-for.html

http://www.ft.com/cms/s/0/f1300fb4-3...#axzz4CoOK93Ou

https://www.washingtonpost.com/news/...g-to-leave-it/

http://fortune.com/2016/06/24/brexit-google-trends/

https://www.rt.com/viral/348268-brex...-search-stats/

But, yeah, I guess you're right. There's no evidence whatsoever that any of this is true. All of these news outlets could all have been duped by Google.
https://twitter.com/Sammich_BLT/stat...65855441657856
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 03:31 AM
Quote:
Originally Posted by DC2LV
If such people exist?

Here's one:

No, that's not idiotic at all, is it?

And here are two more fine examples of enlightened, informed, voters:
Neither of those are examples of people who voted to leave and then Googled for basic facts about EU. Are there going to be lots of people who voted yes that didn't think it through? Of course. Same for the no side.

Quote:
Originally Posted by DC2LV
BTW, what's with your comment about a single report? In addition to the two reports above, here are a few more about the overall Google searches in the UK following the vote:
I wasn't as clear in my wording as I could have been, sorry. I'm saying that a lot of conclusions are being drawn based on a single source of information - the amount of Google searches on a few terms.

Quote:
Originally Posted by DC2LV
But, yeah, I guess you're right. There's no evidence whatsoever that any of this is true. All of these news outlets could all have been duped by Google.
It's not an issue of being duped by Google, but of using very incomplete information to jump to very dubious conclusions.

Quote:
Originally Posted by Aek203
There's the point I was trying to make, put much more succinctly.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 04:03 AM
How long do Stars plan on continuing to charge this 4%?
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 04:19 AM
Can a mod actually help keep this thread on topic? There is a Brexit thread in politics for those that want to debate and it'd be nice if mods made sure this thread was kept about Stars 4% charge.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 04:52 AM
Apologies for my part in the derail (although that's what the majority of this thread is), and if an NVG mod sees fit to move/delete my posts, I'd have no argument with that.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 09:58 AM
Glad to see that when you enter the site the banner is back up about the 4% charge (I complained that this had stopped, although not sure if this is the reason this is back).

I was going to remove funds, but was not happy with the 4% charge. If you have to take funds out rather than converting to £ and then withdrawing (triggering the 4% charge) it is cheaper to just take out straight from $.

For example to take out $400 stars will charge you $556.94 but if you withdraw $550 from your $ account it states you will get $400.59 (note you are still being charged more than the exchange rate due to the previous charges for withdrawing straight from $). But this is a saving you around $7. Not a huge amount, unless you are withdrawing a lot of money but better in your pocket than stars.

Not an expert on this, so please feel to tell me where I have gone wrong.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 10:29 AM
In b4 Amaya charges 31% higher rake due to the global warming, Amaya chrages 20% more rake during the evenings due to server overload, Amaya charges 10% of withdraws if you withdraw more than once every 3 months, etc. gg to everyone who still plays on literally the most expensive and regfilled platform in 2016.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 12:14 PM
So volatility of british pound is the reason amaya wants me (who never owned any pound on stars) to pay 4% on "USD --> EUR" conversions. Seems fair.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 01:08 PM
Quote:
Originally Posted by LeaksSuck
So volatility of british pound is the reason amaya wants me (who never owned any pound on stars) to pay 4% on "USD --> EUR" conversions. Seems fair.
The Euro is affected by things that happen in EU member countries, even if they aren't part of the currency area.

All day Thursday I tried to motivate myself to go to the ATM to withdraw $ for my July rent from my € account. Looks like my laziness cost me ~50 bucks..
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-28-2016 , 05:19 PM
Quote:
Originally Posted by LeaksSuck
So volatility of british pound is the reason amaya wants me (who never owned any pound on stars) to pay 4% on "USD --> EUR" conversions. Seems fair.
I think the point of this 4% surcharge is to suppress the use of PokerStars as currency speculation instrument. That's just my uneducated guess [my sole expertise in finance is the inefficient spending of my own money].
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 07:00 AM
How much longer Stars?
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 08:38 AM
Quote:
Originally Posted by MilkMan
How much longer Stars?
Wont be long. Just until they inplement an 8% vig due to volatility
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 09:26 AM
I have my whole stars bankroll in dollars, and we use euros in Finland, so basically they are taking 4% of my whole bankroll?

They can do anything, we are idiot sheeps.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 11:44 AM
Withdraw to Skrill/Neteller in dollars. Send Dollars to your bank. Your bank will convert these dollars into euros at some rate (maybe even higher than 4% depending).
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 12:47 PM
Quote:
Originally Posted by aRHAKKA
I have my whole stars bankroll in dollars, and we use euros in Finland, so basically they are taking 4% of my whole bankroll?
As far as I understand it is "only" 2.5% if you withdraw EUR directly from your USD balance (that has not changed recently).

4% applies if you convert your USD to EUR in the PS cashier (which used to be the better option - before withdrawing - as it had a 0% margin).

I may be wrong though; I haven't tried myself.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 01:40 PM
Quote:
Originally Posted by madlex
The Euro is affected by things that happen in EU member countries, even if they aren't part of the currency area.
.
How is it my fault whatever influences the euro? It's just not fair to make the customers pay for a political decision. Is thru-play conversion still w/o fee? To clarify: Setting preferred currency to €, then buying into games with US$.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 02:00 PM
Quote:
Originally Posted by LeaksSuck
How is it my fault whatever influences the euro? It's just not fair to make the customers pay for a political decision.
How is it my fault that people blow themselves up in planes or at airports? I still have to wait for ages at security and lose 1-3 hours of my life because I have to show up early there..
Quote:
Is thru-play conversion still w/o fee? To clarify: Setting preferred currency to €, then buying into games with US$.
Yes it is.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 02:16 PM
Stars information on this is not the best, but fortunately within the software one can simply see the rates (and then compare them to xe.com) for internal transfers.

For instance as I post this the xe.com rate for dollars to pounds is 0.7445, while the internal Pokerstars rate is 0.7144


US to Canada rates internally within Stars are the same as xe.com, but then again the Prime Minister of Canada gave Obama a hug today.


All of this information can be had in seconds without having to process anything, but what the cost would be to move currencies via an e-wallet like Skrill or to a bank account - that would be answered by Skrill/banks etc.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 07:06 PM
Quote:
Originally Posted by aRHAKKA
I have my whole stars bankroll in dollars, and we use euros in Finland, so basically they are taking 4% of my whole bankroll?

They can do anything, we are idiot sheeps.
Dont know if it helps but make your main currency € and let stars convert it after you leave a table $ -> €
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-29-2016 , 09:49 PM
Quote:
Originally Posted by aRHAKKA
...so basically they are taking 4% of my whole bankroll?

They can do anything, we are idiot sheeps.
What have we been telling you all for years????

Luckily we in the US got this issue fixed before to many of the sheep were skinned instead of sheared.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-30-2016 , 02:09 AM
For those of you who want to cash out usd in your own currency, I d strongly advise you to use player to player transfer using the xe rates (or even paying 1% Vig) instead of getting raped once again by stars.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-30-2016 , 02:36 AM
Quote:
Originally Posted by ChipsNcrisps
Weather in the UK yesterday didn't help.
Just goes to show what we always knew. God is English.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote
06-30-2016 , 07:36 AM
Quote:
Originally Posted by madlex
How is it my fault that people blow themselves up in planes or at airports? I still have to wait for ages at security and lose 1-3 hours of my life because I have to show up early there..

Yes it is.
Thanks for info!
Comparing currency fluctuations of a big player (who can at any time ensure any currencies with financial products as much as they want) to ppl blowing up planes seems a bit respectless tho, but ot, pls no further discussion on that.
Stars adds 4% vig on exchange conversion due to Brexit (Mod edit: vig now removed) Quote

      
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