[jjgold]

See some good books use it

Who uses this funding method?

[CrazyLou]

I have, it's alright but not something you'd prefer using for an extended period of time.

To open your account, you must validate checking account which consists of making a deposit of maximum $150, they will then debit that amount plus a few cents (takes like 3-4 business days), and after you validate the amount you'll have that amount in your account. At that point, you'll be able to deposit up to $750 instantly with a 8.8% fee on every deposit (bad).

I used them enough to get my limits raised to around $1500 but then stopped, the best part of their service is the deposit that takes 4 business days to clear. They charge only $10 on that transaction which is the same as Moneygram, but it's not available instantly. They don't process cashouts, and if they did, they'd charge 10%... books will send you a check.

[bigboydan]

It's an ok funding option coach. However the one problem I do have with them is the 10% fee for withdrawing your funds ($150 max fee).

Anyways, 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.

[tblues2005]

bigboydan,

I do agree that 10% fee to withdrawal is steep. I would rather going with something else other than that. Thanks for the info.

[greek]

something else like what? wallet express ? neteller ?

[CrazyLou]

Just to clarify, no one will ever actually be charged 10% to w/d because eWallet doesn't currently process withdrawals back to Americans. You'd just cash out normally through your book.

The more outrageous fee is the 8.8% on instant deposits. That's where they screw you. Better off just using the deposit method that is 10$ and takes 4 days to hit your account, or just finding another payment method.