NEteller payouts via ATM's

Search

Member
Handicapper
Joined
Sep 21, 2004
Messages
22,529
Tokens
IVe been using this method and with a US BANK ATM that has the STAR/Pulse system you can get $1000 daily max (and that is the neteller transfer max as well). The cash machines charge $2 so as best as I Can tell to get your neteller money this way per $1000 its

$2 (NEteller to Cash Card transfer fee)
$2 (local ATM fee)
$1.50 (NEteller cash card transaction fee)

so $5.50 per $1000

$1000 daily max


Is there a better way or is that about optimum?


ALSO, if you make say 15 of these, 15 days in a row is there a trace of your activity. Does that much activity flag the FBI, IRS, US BANK card system, I know neteller does not have S.S. numbers. Do you need to keep the receipts from these for example
 

"Calling All The Shots"
Handicapper
Joined
Jan 25, 2005
Messages
11,439
Tokens
Try....

Good Questions buddy...I don't know any answers, but would love to hear some. I don't have it or FirePay yet, but I'm seriously considering, b/c of all the high withdrawal fees out there..(FEDEX-WESTERN UNION)


Again--Great ?'s
MR. NEWLYWED
 

Cui servire est regnare
Joined
Sep 21, 2004
Messages
11,033
Tokens
trytrytry said:
IVe been using this method and with a US BANK ATM that has the STAR/Pulse system you can get $1000 daily max (and that is the neteller transfer max as well). The cash machines charge $2 so as best as I Can tell to get your neteller money this way per $1000 its

$2 (NEteller to Cash Card transfer fee)
$2 (local ATM fee)
$1.50 (NEteller cash card transaction fee)

so $5.50 per $1000

$1000 daily max


Is there a better way or is that about optimum?


ALSO, if you make say 15 of these, 15 days in a row is there a trace of your activity. Does that much activity flag the FBI, IRS, US BANK card system, I know neteller does not have S.S. numbers. Do you need to keep the receipts from these for example

Better to take out FREE EFT's and wait 1 to 2 days to get bigger lumps in your bank account. Keep em under 10 K at one shot and you will be fine.
 

Active member
Joined
Jun 20, 2000
Messages
71,780
Tokens
yeah I would think the ATM debit is for smaller withdrawals also....why pay all those fees makes no sense TTT


Brock has a good idea IMO
 

New member
Joined
Oct 1, 2004
Messages
1,316
Tokens
At first the debit card seemed like a great idea, but after calculating the charges, exchange rate, etc. it was to much.

I would image that for emergency purposes it's great.

Thanks for listening.
 
Joined
Sep 21, 2004
Messages
28,775
Tokens
If you don't need access to the money immediately, EFT's will save you a few bucks over the ATM fees-and they do make it a lot easier to access larger amounts of money.

I think that both of these w\d methods are MUCH better that WU.
 

New member
Joined
Jul 6, 2005
Messages
225
Tokens
The only thing I have found out, is for tax purposes, there is no way to really trace the debit cards. They can trace the EFTs.
 

New member
Joined
Sep 21, 2004
Messages
7,948
Tokens
I use the NETeller debit card also because I closed the bank account that NETeller has a record for. I like the speed at which you can get your money.

But what I asked in another thread was do any ATM machines allow you to take out thousands of dollars at a time. Naturally the higher amount you can withdraw lowers the % of the fees.
 

Active member
Joined
Jun 20, 2000
Messages
71,780
Tokens
stuckinvegas said:
I use the NETeller debit card also because I closed the bank account that NETeller has a record for. I like the speed at which you can get your money.

.


good post Stuck...

thats what I did to...actually the account droppped off as I did not use it for like 1 year...since I got the debit card...but for the amount of money TTT wants I do not think its a good option....for small hobby gamblers it is the NUTS and a MUST HAVE... IMO
 

New member
Joined
Sep 20, 2004
Messages
6,066
Tokens
"The only thing I have found out, is for tax purposes, there is no way to really trace the debit cards. They can trace the EFTs"

I have wondered about that, I supose that if they wanted it bad they probably can. The money goes through a bank, its obvious that they do have records, the question is , what information does the owner of the machine have about you and what reporting if any do they give to the goverment
 

New member
Joined
Sep 21, 2004
Messages
407
Tokens
Neteller also charges me a 1.9% currency conversion fee since I'm Canadian. I get charged 4 fees per transaction. The $2 withdrawl fee, $2 Atm fee, $1.50 Neteller Atm fee and the 1.9% currency conversion fee. Now I just EFT the money to a US bank and use their card. No need to pay Neteller all these fees.
 

New member
Joined
Oct 1, 2004
Messages
1,316
Tokens
Pokerking said:
Neteller also charges me a 1.9% currency conversion fee since I'm Canadian. I get charged 4 fees per transaction. The $2 withdrawl fee, $2 Atm fee, $1.50 Neteller Atm fee and the 1.9% currency conversion fee. Now I just EFT the money to a US bank and use their card. No need to pay Neteller all these fees.

Pokerking,

As I stated above, I run into the same problem.

Thanks,
 

New member
Joined
Jul 6, 2005
Messages
225
Tokens
wolfie_cr said:
"The only thing I have found out, is for tax purposes, there is no way to really trace the debit cards. They can trace the EFTs"

I have wondered about that, I supose that if they wanted it bad they probably can. The money goes through a bank, its obvious that they do have records, the question is , what information does the owner of the machine have about you and what reporting if any do they give to the goverment

In reality if they audit you, you are pretty much fucked. They will find the neteller account, and with the Patriot Act, they can pretty much stick it in you. But, if you are looking to get a ton of cash, without worrying about tripping any alarms, then this is the way to go. You can easily cashout 50k in cash in a week, and no one in the US will know the difference if you go to different atms, at different banks etc. Basically, if you are claiming 50k in income, and have really made 150k, this is the safest way to make sure that you dont get audited....not that Id ever do anything like this.
 

Member
Joined
Sep 21, 2004
Messages
1,459
Tokens
ALSO, if you make say 15 of these, 15 days in a row is there a trace of your activity. Does that much activity flag the FBI, IRS, US BANK card system, I know neteller does not have S.S. numbers. Do you need to keep the receipts from these for example.

trytrytry, only the older customers of neteller didn't have to produce their SS#. about two years ago new sign-ups of neteller were required to give them their SS#.<!-- / message -->
 

New member
Joined
Sep 21, 2004
Messages
188
Tokens
It amazes me how people still think 10k is the magic number. That is a bunch of bullshit. I can tell you this your deposits get flagged based on your banking history.


Lets say you live check to check and make a whopping 600 every 2 weeks. Well I can tell you if all of a sudden deposits start coming for 5000 every week. You will be flagged
 

Active member
Joined
Jun 20, 2000
Messages
71,780
Tokens
ak5387 said:
It amazes me how people still think 10k is the magic number. That is a bunch of bullshit. I can tell you this your deposits get flagged based on your banking history.


Lets say you live check to check and make a whopping 600 every 2 weeks. Well I can tell you if all of a sudden deposits start coming for 5000 every week. You will be flagged
I believe that 100% ..thank god for the hobby small gambler..


how the whales and $5000 + per game bettors do it I will never know or want to know...:drink: NO WHERE NEAR worth the chance of those headaches that could follow...im happy with occasional 200$ neteller debit card withdrawal during foots...:drink:
 

New member
Joined
Jul 6, 2005
Messages
225
Tokens
ak5387 said:
It amazes me how people still think 10k is the magic number. That is a bunch of bullshit. I can tell you this your deposits get flagged based on your banking history.


Lets say you live check to check and make a whopping 600 every 2 weeks. Well I can tell you if all of a sudden deposits start coming for 5000 every week. You will be flagged


Yes, this is exactly right. Hence the reason that netteler is great for avoiding taxes. If you have a history of making 50k a year, and you make 150 this year, use the debit card to get that extra cash, so you can keep claiming 50k. There is measures in place for US based banks to track neteller transactions, because all the withdrawals have to go through the US banks. But there are so many transactions a day that it would be hard to get flagged, for further investigation. Basically you wont get flagged/audited if the money does not hit your actual checking/savings account here in the US, unless you randomly get a hit, in which case your SOL.
 

Cui servire est regnare
Joined
Sep 21, 2004
Messages
11,033
Tokens
ak5387 said:
It amazes me how people still think 10k is the magic number. That is a bunch of bullshit. I can tell you this your deposits get flagged based on your banking history.


Lets say you live check to check and make a whopping 600 every 2 weeks. Well I can tell you if all of a sudden deposits start coming for 5000 every week. You will be flagged

Flagged by who? What would happen once you are flagged??

you sound like you speak from experience.
 

New member
Joined
Sep 21, 2004
Messages
188
Tokens
I never have been flagged for a sportbook deposit but I was sent something from the IRS once after I filed my taxes saying they had a record of this deposit but nothing on my filing about it. I am sure everyone knows that your w-2's 1099;s are all filed with the irs and if they don't see it in your return they will ask. This happened to me like 10yrs ago and it was money for college tution that a deposited into my account first and then payed the school. I am sure now they probally follow up on it a lot harder i just had to call them and explained to them what it was and he puchedmy return through.

99% of the time the irs will never even care unless a bank actually files the papers with the irs but god forbid you get audited for something else stupid your fucked. Have fun explaining all the deposits and fight the tax evasion charges. See most of us when the irs flags something is small and usually a mistake but you can be sure 75k worth of small deposits through out the year in the irs eyes is criminal because it clearly show what your intentions were.
 

Forum statistics

Threads
1,106,811
Messages
13,439,058
Members
99,339
Latest member
billcunninghamhomeloans
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com