Best offshore sportsbooks for online betting?

Well, you really just have to contend with whatever limits are set on your PayPal account! It all depends quite heavily on your specific VIP status, you see, which might grant you anything from $250 at an ATM daily up to $1,000 when using POS terminals.

Jerry Taylor said:What’s the best way to withdraw or spend winnings from offshore sportsbooks—and do I even need to worry about taxes?!

Honestly? You can't even report those taxes if you wanted to—the money isn't exactly "legal" income!
The best move is using a PayPal card because PayPal offers terrible exchange rates—they'll charge you $2.50 per USD while PayPal gives you closer to 7.6 or more—plus, PayPal hits you with a $4 fee on every single transaction, whereas PayPal only charges $1.80 unless you're in VIP status... or it's totally free if you've reached VIP!
When you hit the ATM, always choose the USD conversion rate instead of whatever rate the bank tries to push on you—otherwise, they could easily cheat you out of $10-$15 per withdrawal!

PayPal offers a lower margin when you're withdrawing cash from an ATM.
For 750 USD, they charge 4 USD, whereas PayPal charges 1.8 USD per 250—which works out to 5.4 USD total.
It’s definitely the better deal if you're pulling USD, say, while visiting Canada.

Chris Nguyen31 said:PayPal has lower margins for ATM cash withdrawals.
For $750, they take $4, whereas PayPal takes $1.80 for $250 (which is $5.40 if you do it three times).
So, it’s actually more affordable if you're withdrawing USD—say, while visiting Canada.

It really depends—are you an amateur or a pro?
If you're just an amateur pulling money once or twice a month, then maybe PayPal is fine—provided you can withdraw USD—but if you're playing at a more serious level, PayPal is five times better!
I’ve used both, and I'll tell you this: when I switched from PayPal to Neteller thinking it would be better, I ended up switching back after just two months because daily withdrawals via Neteller were eating my lunch!
Just look at a $5,000 figure—if you withdraw in Canada using USD, you’d do seven transactions of roughly $700 each, costing you $28 in fees with Neteller. But if you were withdrawing in local currency—let's say, through some other method—you'd be doing 7 or 8 transactions of similar value.
Instead of getting your full amount, you'd end up with less due to the exchange rate—plus that extra $28 fee!
With PayPal, if you aren't a VIP, you'd do 20 transactions of $250 in Canada, which costs you $36—unless, of course, you're a VIP, in which case it costs you nothing!
The difference is even wider elsewhere—where you might expect a certain amount but lose another $36 in fees unless you have that VIP status.
So, now you tell me—how is Neteller any better?

Isn't it far more cost-effective to just make purchases using a PayPal card rather than dealing with the hassle of withdrawing cash?

Alexander Kern6 said:It depends on whether you're an amateur or a pro.
For amateurs withdrawing funds once or twice a month, maybe PayPal is fine—assuming you can even withdraw USD. But if you're playing seriously, PayPal is five times better.
I’ve used both. I actually tried switching from PayPal to Neteller because I assumed it would be better, but within two months, I went right back to PayPal. Daily withdrawals on Neteller were eating my bank account alive.
Just look at the math on $5,000. If you're withdrawing in Canada in USD, you’re doing seven transactions of about $700 each, which puts you at $28 in fees with Neteller. Or, if you're withdrawing in USD back home, you'll do those same 7 or 8 transactions of roughly $700.
Instead of getting your full amount, you'll end up with less after the exchange rate hits and then you subtract that $28 fee again.
With PayPal, if you aren't a VIP in Canada, you're doing 20 transactions of $250, costing you $36. However, if you have VIP status, it costs you nothing.
The gap is even wider in the States. You take that $5,000, deal with the conversion, pay that $36 fee if you aren't a VIP, or pay zero if you are.
So, tell me again how Neteller is better.

I don't follow your logic at all.

Neteller:
Withdraw $5,250 in Canada via 7x$750 transactions.
Cost is 7x$4 = $28.
I head back to the US with $5,222.

PayPal:
Withdraw $5,250 via 21x$250 transactions.
Cost is 21x$1.8 = $37.8.
I head back to the US with $5,212.2.

Is $5,222 really that much different from $5,212?

What's worse is that with PayPal, I have to make 21 trips to the bank instead of just 7 with Neteller.
And why on earth would I bother converting USD at those rates anyway?

Chris Nguyen31 said:I honestly don't follow your math logic here.

PayPal:
I withdraw 7x750 = 5,250 USD in Canada
The fee is 7x4 = 28 USD
I head back home to the US with 5,222 USD.

PayPal:
I withdraw 21x250 = 5,250 USD
The fee is 21x1.8 = 37.8 USD
I head back to the US with 5,212.2 USD.

So, which is better—5,222 or 5,212?

What's even worse is that with PayPal I have to make 21 trips just to get my money, whereas with Neteller it's only 7!
And why on earth would I exchange USD for anything else at a rate of 7.4?

Do you actually shop in USD when you're in the States?
Come on, don't be ridiculous! First off, maybe 0.01% of people using PayPal or Neteller live close enough to Canada to drive over there just to grab cash. Secondly—for a measly $10 difference—tell me how much gas you'd burn driving to Canada? Plus, you'd have to go for 7 days straight since you're capped at $750 per day... so tell me, what's actually more profitable now?
I'm talking about the other 99.99% of people here. Seriously, tell me: if I'm withdrawing cash daily with a PayPal card, what makes more sense—driving to Canada for 7 days or just hitting any local ATM in the US for 20 days?
I withdraw in USD using my PayPal card and I'm a VIP; when I need to swap currency, I only lose 0.07% because I get $1 for $1$2.50 and buy it at $1$2.50—no extra fees whatsoever.
Believe me, no serious player in the US uses Neteller just to withdraw funds—it's simply not worth it, no matter how you try to spin it!

I use PayPal for my spending, which I withdraw in USD here in the States.

Since my income is significantly higher than what I actually need to spend, I end up
setting a larger portion aside, and I decided to keep those savings in USD.

It’s a quick trip to a small town in Ohio for me, 12 miles and I honestly don't mind heading out once or twice a month to use these
five PayPal cards to pull my cash. (I have five right now, but if I needed more, I'd grab them—they're easy enough to get,
unlike PayPal's options). Plus, a huge perk is that you can transfer funds between them for free).

That alone is plenty of reason for me to favor PayPal over PayPal, even if people think it's unreliable.

Why am I being redirected to this page whenever I try to deposit funds via PayPal? I just tried doing it through DraftKings, and the exact same thing popped up—which is bizarre, considering I’ve used this very same card there before without a single issue.

You actually have to register the card reader with Chase—at least, that’s what I had to deal with when I ran into that headache myself.

And once I register the card reader, do I get it right away, or am I looking at a waiting period? Also—just so I can plan ahead—what’s my total monthly overhead going to look like after that?
thanks

Daniel Hughes6 said:If I register a card reader, do I get it right away or is there a wait? And how much extra am I looking at per month after that?
thanks

Ah, wait—you don't actually have a card reader yet. I had one from back when I first set up my online banking, but they just forgot to register the device on my account by mistake. I think the fee for that service is around $17 a year, though I can't be 100% sure 🤔
Check it out here: http://www.chase.com/Default.aspx?sec=1408#.VD5Of_l_uNc

So, would I actually be able to run transactions using a Visa Electron card without needing that specific card reader? It’s a different card than the one I have, so I haven't had the chance to test it out yet.

Daniel Hughes6 said:Could I actually run transactions using a Visa Electron card without that reader thing? It’s a different card from the one I have, so I haven't given it a shot yet.

As far as I know, you're stuck—you can't get anything done without the card reader now.

or mtokens

Is this card reader thing the same issue I ran into with my JPMorgan Chase account?

Jacob Walker32 said:What if I just do an upload via bank transfer instead of using a card?

This is what I was getting at. A security block.

http://i1268.photobucket.com/albums/jj561/butko1109/erste_zpsac522369.jpg

Arthur Howard said:—or maybe just some random token

Which is basically the exact same thing, let's be real.

Jacob Walker32 said:That card reader thing... is that what JPMorgan Chase flagged for me?

Yeah, exactly.

Just a quick question here... is it necessary to set up a specific PayPal account if someone just wants to make deposits at an online sportsbook?
So, if I already have a standard account, am I correct in assuming I shouldn't be using it for this kind of thing?

Is it actually possible to hold two separate accounts under the same name—one for receiving payments (like for freelance work) and another strictly for betting purposes?

One simply isn't permitted to maintain more than one account unless they specifically grant you permission—which, if I recall correctly, is reserved for those of us who have achieved Gold Status!

Now, regarding the transfer of funds to betting sites, that is perfectly acceptable, provided that you are diligent enough to explicitly indicate that the capital is intended for "gambling" purposes, wouldn't you agree?

Thanks, Arthur Howard...

Could someone clarify how I can specify the purpose of my deposit?
Also, if I already have a balance in my account, do I need to make a separate transfer specifically for gambling—or can I just use what's already there?