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Resolving Casino Currency Conversion Issues

Several times in the past, I wanted to deposit money at Golden Euro Casino. Although they accept US players, they only take money in Euro. Since many of the payment types that I have used in the past (e.g. credit card, voucher) process my money in dollars, how can I determine what the rate of conversion is?

For example if I use a 100% bonus code that requires a minimum deposit of 50 Euros. How do I know what amount of deposit I should make in dollars to get to the 50 Euros. Since conversion rates fluctuate, I wish casinos have a conversation rate table on their site informing exactly how much I am depositing in Euro before the deposit.

Any thoughts on how other players do it?

3 replies • Last post


CL-Ed's picture
Location: Sydney
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22 May 2015 - 12:11am

Whenever that happens to me I just deposit say €50 in the casino, then they bill my non-Euro payment method €50 and the bank or Neteller or whatever works out the conversion rate. The casino itself does not do the conversion. That is with a credit card or e-wallet though that has an account balance of more than I need to deposit so it doesn't really matter.

I can see the problem if you want to get a pre-paid voucher for the exact amount of your deposit in dollars, and I'm not really sure how you can work it out in advance as the rate will fluctuate daily or even hourly in some cases. I think you're going to have to use the credit card if possible and let your card issuer do the conversion, or use an online currency converter to work it out then add say 10% to be safe and buy a voucher and you might end up depositing say €53 or €54.

1 member gave thanks for this useful post: newflorida

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newflorida's picture
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22 May 2015 - 7:45am

Thanks Ed. I use both voucher and credit card. I guess that's a small price to pay when we live in a global world. Imagine if we start having online casinos from India, China, or Japan where we have to pay in Rupee, Renminbi or yen. Then, things will get really confusing.

Mattl's picture
Location: New Zealand
Joined: 1 Oct 2012
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26 May 2015 - 8:08pm

Yeh it's a bit of a tricky one when it comes to credit/debit cards. I usually go to my banks website and look for the conversion rates there. Then I add 10%. Remember that your card also charges a little fee usually 1.9-3.5% per transaction internationally in your card currency.
Another problem i have been running into regarding international transactions is sometimes your credit card will hold the money until they can process it fully. Which can take upto 5 days by which time the currency exchange rate fluctuates (NZ dollar is volatile at the moment) causing them to draw more money from my account a few days later.

All i can say is
If in doubt, more usually helps Surprized
When it comes to money anyway Cigarette

3 members gave thanks for this useful post: CL-Ed, newflorida, Ki'aha Long

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