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Deposit and withdrawal methods: Payment transactions costs savings bank

Topic created on 30th Oct. 2021 | Page: 1 of 1 | Answers: 3 | Views: 2,000
Ibea01
Rookie

Payment transactions costs savings bank

30th Oct. 2021, at 09:46 am CEST#1
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Nobody has liked this post so far
Hello,
I have deposited about 5000€ at LV BET in the last 3 weeks, spread over about 50 deposits. The deposits were made exclusively via SOFORT transfer. Now today the bank has made my fee closing and besides the almost 9€ account maintenance fees, I was debited 290€ for "payment transactions". I was really shocked, although that is in relation to about 4000 lost euros in the last 3 weeks only a drop in the bucket, but I have in the 8 years in which I now play, never paid even close to that much money for payment transactions, although I have already significantly more in and out again. I will immediately call my bank on Tuesday and ask, but I wanted to ask here if you have ever had something like this happen. It's funny that it happened at LV Bet while I only deposited via Sofort Überweisung. At other Online Casinos I had not yet, that the transfers were so expensive afterwards. And as payment methods in all online casinos I have always used exclusively Trustly and / or SofortÜberweisung to Deposit and withdraw.

Mfg Ibea

This post has been translated automatically

wettibernd
Expert

Payment transactions costs savings bank

30th Oct. 2021, at 11:22 am CEST#2
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I'm a customer of Sparkasse myself, have an online-only account there, and apart from a 2 euro fee per month, I only pay for overdraft and Mastero card. So something like this has never happened to me.

This post has been translated automatically

Anonym

Payment transactions costs savings bank

30th Oct. 2021, at 01:32 pm CEST#3
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Nobody has liked this post so far
Ibea01 wrote on 30/10/2021 at 09:46: Hello,
I have deposited about 5000€ at LV BET in the last 3 weeks, spread over about 50 deposits. The deposits were made exclusively via SOFORT transfer. Now today the bank has made my fee closing and besides the almost 9€ account maintenance fees, I was debited 290€ for "payment transactions". I was really shocked, although that is in relation to about 4000 lost euros in the last 3 weeks only a drop in the bucket, but I have in the 8 years in which I now play, never paid even close to that much money for payment transactions, although I have already significantly more in and out again. I will immediately call my bank on Tuesday and ask, but I wanted to ask here if you have ever had something like this happen. It's funny that it happened at LV Bet while I only deposited via Sofort Überweisung. At other Online Casinos I had not yet, that the transfers were so expensive afterwards. And as payment methods in all online casinos I have always used exclusively Trustly and / or SofortÜberweisung to Deposit and withdraw.

Mfg Ibea

I had the same problem at the Sparkasse. For each transfer I had to pay 5€ fees, be it with Trustly, Klarna, GiroPay or SofortÜberweisung

According to my advisor at Sparkasse, the payment intermediary charged the fee, not the bank itself. I was told at the casino (PartyPoker) support that the payment methods I used did not charge any fees.

Very bizarre...

This post has been translated automatically

campamocha
Rookie

Payment transactions costs savings bank

30th Oct. 2021, at 01:37 pm CEST#4
3 Likes

Liked this post: Anonym, Avatar von Falko Falko, Avatar von Tobsen Tobsen
The cause here is 99% Brexit. LVBet will use an IBAN account to receive EUR payments via Sofort that is registered outside the EEA, probably an institution or bank in the UK. Now Sofort works because it is a pure EUR transfer from your account to the receiving account of LVBET, but because the receiving account is located in a non-EU country (UK) your bank will charge you foreign fees for each transfer

The same can happen if you get a payout from LVbet via SEPA bank transfer and this also comes from a (EUR) UK IBAN account. Then this is technically SEPA, but the SEPA rulebook (i.e. fees under the SEPA scheme) do not apply and the banks can charge fees. In this withdrawal scenario where you receive money from the UK, this is called "landing fees" which your bank will charge you

Many fintechs are based in the UK and historically use UK banks and service providers as partners. Lvbet and many other providers have historically used many fintechs, e-money institutions etc, often with infrastructure and accounts in the UK...... and this is now becoming apparent after the Brexit

That's the background here, you'll see KSK will refer to "foreign fees" when you talk to them.

This post has been translated automatically

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