netteller exchange rates

[laidbackbloke]

I was checking my Netteller account and saw that having made a $200 deposit at mermaid poker it converted to £115.37 then when i withdrew $200 it converted to £111.28. ................................ so where did the other 4 quid go? .......................... I'd imagine at most 50p can be normal exchange rate fluctuation ...................so it looks to me that either web dollar (who administer payment at mermaid poker and quite a few other sites) or Netteller are skimming off the top by giving significantly different exchange rates........................ anyone else noticed this?:unsure Thinking about it I think it must be Netteller as they must be the ones converting the cash from £ to $ back to £:@

[stonecoldnuts]

Re: netteller exchange rates The neteller exchange rate is terrible. I noticed this when i deposited $600 to pokerstars to get the bonus (stackable...ie doesn't expire) ready for when i start playing cash games. Then I pulled it out 3 days later and i lost ablout £20! :rollinAnd some bookies charge you on top of that for making a withdrawal (5Dimes, Skybook + some other US bookies):puke