View Single Post
  #3  
Old 08-06-2007, 10:16 PM
PunterSThompson PunterSThompson is offline
Senior Member
 
Join Date: May 2004
Location: Adelaide, Australia
Posts: 105
Default Re: Paying yourself from online winnings

Hi,

Cashing out $100 by check will really gouge into your profits. You'll probably have to pay $15 or so to cash that cheque (because its an interenational cheque). Wire transfers also attract a similar fee. So your best plan is to minimise the number of transactions you make. Just let your roll build up and make a big cash out once in a while.

If you move up and start having lots of money online, I think it's wise to be slightly underolled because of the diving US economy. You don't want 20k in US currency sitting at a site, when worst comes to the worst you bust a smaller online bankroll you can just ship more back.

Regards, Punter
Reply With Quote