With Neteller going down and C2P not accepting anymore US citizens...ect I thought of this the other day. However, I have only played on PS and am not sure if any of the other well-known Poker sites have this option like PS does. The option I am talking about is the transfer funds option. For those of you who dont play on PS this option allows you to transfer actual $$ to and from other PS users FREE. A possible way to still use Neteller is if you have either one or more of the following in Canada or another country: family, a buddy, fellow online poker buddies...ect that have mutual trust. Anyways now on to what I thought of...you and this friend, family member, old college buddy, whoever...ect both have accounts on PS and Neteller. Everytime you want to cashout you transfer the funds via PS transfer funds option to this friends PS account and have them cashout to their neteller account the amount you transfered them and then they turn around and do a Neteller member to member transfer to you. The transfer shows the $$ going from your friends Neteller account to your Neteller account in the way of a member to member transfer, NOT from PS to you. Neteller only charges a small 1.9% for M2M transfers, however, it is free for the sender so you wont get charged twice. Even if you're friend doesn't play online poker you can still set up a PS account and a Neteller account in his/her name for this reason only. Hopefully this helps some of you. Im unemployed right now so I have been brainstorming like crazy to keep my online poker a continued income source.
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January 23rd, 2007 #1
- Join Date
- Jan 2007
- PFO Points
This may work...Neteller option...PS only
January 23rd, 2007 #2
- Join Date
- Dec 2006
- PFO Points
Ya, only problem is this can be seen as money laundering, if you are caught.
The other thing is, depending on Canada's laws, your buddy will be seen as the person MAKING the money playing poker, since he is the one who is transferring funds to neteller.
In the US, the IRS would charge your buddy tax for whatever money he cashed out to neteller. So, your buddy would be forced to pay tax on money he doesn't have.
You might want to look into the tax implications.
January 23rd, 2007 #3
January 23rd, 2007 #4
So what is the Transfer Money service is PS for?"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and if they can't find them, they make them." - George Bernard Shaw
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