
Brandlad
Visionary
Silver Level
Hi Pals
I am a verified player on a poker sitr. I had never done a P2P transfer till yesterday but today I did transfer $100 from my poker account to a player"s poker account and got money in my local currency into my bank for that transfer.
Practically this transfer saves our time and gives us better exchange rate but it is also a type of money laundering.
For example I made that $100 via freerolls and betting in less than a week and I sold it to some other player in exchange of real money here in my bank account.
If I withdraw via neteller than I am going to pay $8 transfer fees plus bad exchange rates and it takes around 3 days to complete it.
The above P2P transfer saved my time and money but money laundering is an open issue.
I am a verified player on a poker sitr. I had never done a P2P transfer till yesterday but today I did transfer $100 from my poker account to a player"s poker account and got money in my local currency into my bank for that transfer.
Practically this transfer saves our time and gives us better exchange rate but it is also a type of money laundering.
For example I made that $100 via freerolls and betting in less than a week and I sold it to some other player in exchange of real money here in my bank account.
If I withdraw via neteller than I am going to pay $8 transfer fees plus bad exchange rates and it takes around 3 days to complete it.
The above P2P transfer saved my time and money but money laundering is an open issue.