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02-16-2013 , 08:51 PM
Quote:
Originally Posted by skinnybob123
You can by pass all of this by creating a USD acct at your Canadian financial institution. I am also from Canada and this is what I do. Then you can wire cash out the money from Party still in USD, and it will go into your USD acct at your Canadian bank in USD. Then you can exchange that to CAD at your financial institution's rate, which also varies from institution to institution, but certainly better than a poker site's rate.

Also another thing to note is wire transfers are really awesome because of their extremely high cash out limit. Most other methods won't let you cash out anywhere near the sum wire transfers allow.
+1

party poker rapes u so hard with their ridiculous exchange rates. they are the sole reason why i have an USD account with my bank.



ps: which major bank in canada has the best USD>CAD exchange rate? i only have acct with TD but i feel like the exchange rates could be better.
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02-16-2013 , 10:53 PM
I have a problem to deposit by neteller, game WPT and deposits that I've done were with moneybookers, neteller when I try to, I get a message that you will contact me to solve the problem, but I have sent two emails and I have no answer .
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02-16-2013 , 11:23 PM
Quote:
Originally Posted by sbf_84
+1

party poker rapes u so hard with their ridiculous exchange rates. they are the sole reason why i have an USD account with my bank.



ps: which major bank in canada has the best USD>CAD exchange rate? i only have acct with TD but i feel like the exchange rates could be better.
Ya, I've never been impressed with exchange rates given by TD. If I was in Canada I would just go to the branch and withdraw in USD then go to a exchange brokerage if its for large amounts.
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02-16-2013 , 11:24 PM
Quote:
Originally Posted by skinnybob123
You can by pass all of this by creating a USD acct at your Canadian financial institution. I am also from Canada and this is what I do. Then you can wire cash out the money from Party still in USD, and it will go into your USD acct at your Canadian bank in USD. Then you can exchange that to CAD at your financial institution's rate, which also varies from institution to institution, but certainly better than a poker site's rate.

Also another thing to note is wire transfers are really awesome because of their extremely high cash out limit. Most other methods won't let you cash out anywhere near the sum wire transfers allow.
Hey, thanks, that's a great idea. I hope I can open one of those "borderless" TD Canada Trust USD accounts from Thailand online.
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02-17-2013 , 12:46 AM
Quote:
Originally Posted by skinnybob123
You can by pass all of this by creating a USD acct at your Canadian financial institution. I am also from Canada and this is what I do. Then you can wire cash out the money from Party still in USD, and it will go into your USD acct at your Canadian bank in USD. Then you can exchange that to CAD at your financial institution's rate, which also varies from institution to institution, but certainly better than a poker site's rate.

Also another thing to note is wire transfers are really awesome because of their extremely high cash out limit. Most other methods won't let you cash out anywhere near the sum wire transfers allow.
Quote:
Originally Posted by sbf_84
+1

party poker rapes u so hard with their ridiculous exchange rates. they are the sole reason why i have an USD account with my bank.



ps: which major bank in canada has the best USD>CAD exchange rate? i only have acct with TD but i feel like the exchange rates could be better.
I can't see how this can be better than having your party account in CAD where you don't lose anything?
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02-17-2013 , 01:11 AM
Quote:
Originally Posted by Lessu
I can't see how this can be better than having your party account in CAD where you don't lose anything?
That's good to know now, but it's too late for me to avoid paying this absurd 3% vig to convert my whole roll. I just opened a TD Borderless USD account linked to an already set up online banking in 5min. This seems like an easier way to keep track of your online poker finances and personal Can. currency finances. Can still do person to person transfer or alternate cash out methods in USD, but when you need Can. cash you just transfer from your USD bank account.

Still, I wonder why I wasn't presented with this option when I attempted to make my first deposit in Can. currency with a Canadian address linked to my account.
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02-17-2013 , 01:32 AM
Quote:
Originally Posted by Lessu
I can't see how this can be better than having your party account in CAD where you don't lose anything?
don't they f you over anyways since all the games are listed in USD, and you have to exchange every time you enter or leave a game? plus, i don't want to convert my whole roll into CAD at once.

Quote:
Originally Posted by ebffs
Ya, I've never been impressed with exchange rates given by TD. If I was in Canada I would just go to the branch and withdraw in USD then go to a exchange brokerage if its for large amounts.
i was always under the impression that those currency exchange places are much worse than the rates you get at major banks.
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02-17-2013 , 01:43 AM
Quote:
Originally Posted by sbf_84
don't they f you over anyways since all the games are listed in USD, and you have to exchange every time you enter or leave a game? plus, i don't want to convert my whole roll into CAD at once.



i was always under the impression that those currency exchange places are much worse than the rates you get at major banks.
No not at all. Banks don't specialize in FOREX. They provide it as one of their services, but they are not competitive with a specialized FOREX broker like for example Calforex ect. I remember last time I was going to open one of these borderless accounts and even their "preferred"special exchange rate was higher than the quotes I got over the phone with brokerages like Calforex.

Still it's not really going to be a large enough sum of money unless you live somewhere conveniently close to a FOREX broker.
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02-17-2013 , 02:34 AM
Quote:
Originally Posted by ebffs
That's good to know now, but it's too late for me to avoid paying this absurd 3% vig to convert my whole roll.
transfer your balance to a friend, change account currency, have him send your money back. unless it's changed there is no currency exchange fees for player to player transfers

even if you paid the 3% now to convert your whole roll the moment your total withdrawals pass your current bankroll it becomes +ev to make the change

Quote:
Originally Posted by sbf_84
don't they f you over anyways since all the games are listed in USD, and you have to exchange every time you enter or leave a game? plus, i don't want to convert my whole roll into CAD at once.

i was always under the impression that those currency exchange places are much worse than the rates you get at major banks.
no, they don't f you over. buying in and out of tables uses mid market rates while cashouts/deposits have 3% vig compared to this number

right now $200 equals x euros

xe.com 149.65

party deposit/withdraw 145.64 (2.68% vig)

buy-in/out to/from a table 149.38. rate is always same for in and out even if they updated it during your play

party updates the rates for buying in and out of tables once a day afaik so the difference to the mid market rate (xe.com) can be explained by party updating their rate before the markets closed on friday

party wouldn't tell me how they decide the table buy-in rates exactly. said it's a business secret or something which i don't get as it seems they have nothing to hide since they are following mid market rates.

anyway, i check these from time to time and can tell you that you got nothing to worry about regarding this (i've used euro account for years with euro moneybookers and euro home bank account never having to pay 1 cent in exchange fees)
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02-17-2013 , 02:43 AM
Quote:
Originally Posted by Lessu
transfer your balance to a friend, change account currency, have him send your money back. unless it's changed there is no currency exchange fees for player to player transfers

even if you paid the 3% now to convert your whole roll the moment your total withdrawals pass your current bankroll it becomes +ev to make the change
Quote:
Originally Posted by ebffs
That's good to know now, but it's too late for me to avoid paying this absurd 3% vig to convert my whole roll. I just opened a TD Borderless USD account linked to an already set up online banking in 5min. This seems like an easier way to keep track of your online poker finances and personal Can. currency finances. Can still do person to person transfer or alternate cash out methods in USD, but when you need Can. cash you just transfer from your USD bank account.

Still, I wonder why I wasn't presented with this option when I attempted to make my first deposit in Can. currency with a Canadian address linked to my account.
just checked the player to player transfer from cashier

if i sent 1000 euros from my euro party account to someone with USD party account they would get $1338.90 while xe.com rate is $1336.10 so you'd actually made 3 bucks doing it at the moment

note though that party might have play through requirements before the recipient can withdraw/send the money back

also it's worth asking support if they could waive the fee. they might do it especially if you are a palladium. party is usually good with stuff like this
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02-17-2013 , 06:04 AM
Quote:
Originally Posted by Lessu
transfer your balance to a friend, change account currency, have him send your money back. unless it's changed there is no currency exchange fees for player to player transfers

even if you paid the 3% now to convert your whole roll the moment your total withdrawals pass your current bankroll it becomes +ev to make the change
That's not necessary. If you change account currency, Party uses the same rate for this transaction as for interaccount transfer, so you are +/- b/e (you can even make profit as you pointed out). At least, that's how it worked for me about a year ago when I moved to UK and changed my WPT and PP account currencies to GBP. Better ask support first though...
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02-17-2013 , 06:41 AM
Quote:
Originally Posted by opal
That's not necessary. If you change account currency, Party uses the same rate for this transaction as for interaccount transfer, so you are +/- b/e (you can even make profit as you pointed out). At least, that's how it worked for me about a year ago when I moved to UK and changed my WPT and PP account currencies to GBP. Better ask support first though...
oh that's good. have heard conflicting info regarding this. obv better to make sure
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02-17-2013 , 06:44 AM
Thanks guys, good info. If PP will let me convert my whole roll for a fair exchange rate without the vig. that would be great.
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02-17-2013 , 07:28 AM
Quote:
Originally Posted by Stuart_D
Yep $100 is the top bonus, but Fast Forward suits me as I can get up at the drop of a hat (I have small kids), without having to close down 15 tables as the blinds come round.
same
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02-17-2013 , 08:50 AM
Quote:
Originally Posted by ebffs
Thanks guys, good info. If PP will let me convert my whole roll for a fair exchange rate without the vig. that would be great.
I don't want to blamed, so you should really let Party support to confirm it.
(via email not online chat ofc)

Gd luck!
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02-17-2013 , 01:36 PM
Quote:
Originally Posted by KrustyTheClown
Yesterday I grinded away 170 party points but have gotten only 15 cards for the WD promo. My last 20 points were just hour of 2 before the scheduled maintenance. Would like to receive those 2 cards tho, since im on the verge of shipping USA. Party Rep?
Quote:
Originally Posted by Party_Rep
Hi,

I am checking this with our promotions team and will come back to you.

Thanks

Party Poker
update? still owe me those 2 cards
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02-17-2013 , 01:36 PM
743 cities
$39
645 points
18 cities away, 0 rare cities, missing Hamburg and Leverkusen, Paris and Bordeaux
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02-17-2013 , 03:23 PM
Quote:
Originally Posted by opal
I don't want to blamed, so you should really let Party support to confirm it.
(via email not online chat ofc)

Gd luck!
https://account.wptaccount.com/curre...yConverter.do?

Confirmed by e-mail, this is the rate you get for converting your account. It doesn't include the cash out 3% vig. Wish I'd known this before I made my first deposit. Would have saved 2.5%.
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02-17-2013 , 05:05 PM
whats this fabled top up bonus? anyone have a code?
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02-17-2013 , 05:57 PM
Party_Rep how about reducing the rake?
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02-17-2013 , 06:01 PM
Party really needs to lubricate its points-machine
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02-17-2013 , 09:31 PM
Anybody else noticing the lobby automatically switching to the fast forward tables from the regular cash game tables without you even touching anything? It's like they rigged something in there for this silly promotion. Several times a day for the past couple days I look at my lobby and the fast forward tab is mysteriously selected.
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02-18-2013 , 01:04 AM
Hi Party-Rep, are the cashouts taking longer to process now to give party a chance to turn on the cashout curse doomswitch and make people cancel the withdraw?

Thanks
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02-18-2013 , 01:27 AM
My cashout came quick within a few hours... and since then past 2 days -10 BI -9 BI below EV in 4k hands lol... so they also had time to flip on the doomswitch!
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02-18-2013 , 02:01 AM
Quote:
Originally Posted by IFORGET
My cashout came quick within a few hours... and since then past 2 days -10 BI -9 BI below EV in 4k hands lol... so they also had time to flip on the doomswitch!
Lifetime evgraph please
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