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Reply To: Gambling industry should take the euro as primary currency!

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#755946
Anonymous
Inactive

actually the only ppl who lose are ppl who promote to europeans and get a cpa in $

otherwise there is no diff in net earnings – unless via revshare the casino converts your Euro earnings to USD at a worse exchange rate then the current rate at the time OR when you get paid USD, you keep it in USD, then you would end up worse off if the USD gets worse, but that bit is in your control and you can easily have all your earnings from $ converted straight away in euro.

Here are a couple of examples….

Example 1

lets just say the current rate is 1.46 Euro to the USD

Players lose 1,000 Euros at EuroCasino, EuroCasino shows and pays your earnings in USD

So EuroCasino converts your earnings in USD = 1000 x 1.46 = $1460

You get paid $1460 and when payment comes in, your bank converts back into Euro at 1.46 = 1000 Euros

Example 2

USD had declined loads and its now 1.7 Euro to the USD

Players loses 1000 Euros – EuroCasino converts and pays you in USD $1700

You receive $1700 and you bank converts at 1.7 = You get 1000 Euros

basically all non us are loseing our bollox (like me) because of the weak $, but changing how we get paid wont make any diff really (unless as said before, you promote to europeans and get a cpa in $)

PS. Also i know your bank will never give you the exact exchange rate as they make some profit, but that exchange rate diff will be there if you were paid in $ anyway