[daggerkobe]

10% fee on deposits
10% fee on withdrawals ($150 max)

I'm about to pay $200 in fees on the $500 I originally deposited.

[pat venditto]

why?

[JBC77]

Thats a hell of a chunk. F!@# that. Many easier and much cheaper ways.

[SBR Lou]

eWallet never processes withdrawals, books won't pay you out back to them if you're in USA, at least it was that way two months ago.

You have book write you a check.

Also it used to be you either pay 8.8% on an *************** from your checking account, or you can deposit up to like 5k (or w/e your limit is) but it takes 3-4 days to clear for a $10 fee.

[Bullajami]

You can cash out to ************* now. I did recently, but not sure if that is universal. To avoid the high fees from cashing ************* to bank, deposit to a place that will pay you with a check for a smaller fee. Absolute Poker and Ultimate Bet Poker are good for that. $8 for a check from either.

[bigboydan]

eWallet never processes withdrawals, books won't pay you out back to them if you're in USA, at least it was that way two months ago.

You have book write you a check.

Also it used to be you either pay 8.8% on an *************** from your checking account, or you can deposit up to like 5k (or w/e your limit is) but it takes 3-4 days to clear for a $10 fee.

It's basically the same type of thing that Neteller is/was for U.S. players in todays market standards. The problem is that their is not all that many books that are using this payment method. BoDog, 5Dimes, Bookmaker, and some poker sites.

Heres the basic breakdown for them in regards to their levels:

Level 1 is 750 and before advancing to level 2 you have to wait 60 days before your bumped to it ($1500 a week). I believe it's a repeat cycle before advancing to level 3 as well which is $4500, and that the maximum. It's been a while since I've really checked into this part here, so it might have change. However, the one that did stick out to me though was that you couldn't withdraw funds back into your bank using this processor.

I'll say this though... It's pretty tough to beat the vig plus pay the 10% on the cash out process.

[jolub]

I've used ewalletexpress to make both deposits and withdrawals to poker sites. I live in the US. I don't like using it because it costs way too much.