22 posts shown.
Terry Rogers2 said:I don't really pull cash from US ATMs, so that part doesn't apply to me. With PayPal, the withdrawal fee is $1.80, and since you're at Bronze VIP, you can take out $250 every 24 hours. On Venmo, though, you can pull up to $750 in a day, but you'll be looking at a $4 fee.
3 * 250 = 750
3 * 1.8 = 5.4
So, when you look at the math, PayPal actually ends up being more expensive in fees.
It’s pretty clear those costs shift depending on your account level, so you really have to factor that in when you're comparing them. Does anyone happen to know how Venmo handles exchange rates? As of today, if the Federal Reserve rate is around 7.667851 and PayPal's rate is sitting at 7.623881, then on a $2,500 transfer, you're looking at a cost of 0.576740 (which is about 0.58%) or roughly $30.
It might not seem like much in isolation, but it adds up. It feels especially frustrating when you've been grinding, only to see it eaten away—especially after watching some choker blow a match or seeing an idiot defender in the Premier League pass the ball right to the keeper, forcing a red card and a penalty just to save a goal 🙄
@ Terry Rogers2
I honestly can't say much about PayPal since I've never used it myself, but feel free to list what makes it better than what I'm using. I'd be pretty surprised if there was anything superior out there, especially since I'm practically breaking even at the end of the day with my current setup.
In this specific case, it might actually be better that they didn't get more. 🙂 But seriously, props to our guys—they played their hearts out. They got a little extra luck on their side, sure, but the Spanish team clearly underestimated us, which made for a fantastic upset. Honestly, this coach is in the same league as a top-tier water polo legend like Rudić; if we had coaches like that in every other sport, we'd be collecting medals left and right. As for betting limits, I've seen much worse. The funniest part was when William Hill set a limit of exactly 4.71 after just a few water polo matches. 😁
I'm not sure what you'd say about DraftKings. I actually read a book about them, but looking at it from the perspective of business development and the founders' original vision, it’s worlds away from what the current owners are doing. Personally, I find that 7% fee somewhat acceptable (I managed to lower mine to 3.5% over time), but it's pretty cheap of them to hike the fee to 7% while capping the discount at 50%. It feels a bit stingy. Then again, once you reach the level where you're paying for a high-end PC, those small details matter less. For now, I've been tinkering around with Matchbook and FanDuel, but they aren't even close to DraftKings. No one else offers a platform quite like that.
They process an average of five million transactions a day, which is more than all the stock exchanges in the European Union combined. Even Goldman Sachs approached them to develop a platform. Now, look at the state of things today—if you think they can just drive everyone else away and keep the British market, I'm not so sure. Those guys mostly bet on their own soccer, maybe the Champions League, or horse racing. That's really it. You could see a significant drop in liquidity in other leagues once those countries were out of the picture. You can see it in tennis too; even the US Open felt a bit lackluster. In five years, they'll realize they shot themselves in the foot if things don't change, and I really hope CVC steps in to take over and bring things back to how they used to be.