Gambling industry should take the euro as primary currency!

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  • #606336
    dehghan
    Member

    With the dollar descending in value every day whilst the gambling industry is moving more and more towards europe, in my opinion it would be a good move to take the euro as primary currency for all money transfers (meaning online gambling money, bonuses, and all transactions and payouts between gambling companies, affiliates, players etc.) Im sure the gambling companies at the top disagree (as it’s bad for them) but all european players and affiliates are heavily suffering from the descending dollar value as it’s cost them money every time they cash out for euro’s.

    You can’t expect all europeans to stay losing money because the gambling world refuses to modernize, and you can’t expect them to go to new york for christmas shopping so they don’t lose any value any time as well.

    The question is: should we try to bind forces and step up for the euro as number 1 currency and leave the sick dollar behind?

    Cast your votes :)
    Im anxious to see your replies on this opinion and your votes.

    Joris

    #755945
    Anonymous
    Inactive

    indeed! frickin dollar is doing my head in!

    #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

    #756003
    Anonymous
    Inactive

    Darko your calculations are 100% accurate with the exception that you forget to consider that the EU affs have to pay their living expenses in €. The disposable income comes from $ which is exchanged for € i.e. you earn less in the EU when the Dollar falls.

    #756004
    Anonymous
    Inactive

    With France, Sweden, Germany, Italy, Greece etc. actively lobbying to keep online gambling away from their countries, I think moving the Euro makes no sence.

    The biggest % of gamblers are in USA, UK and Canada – neither countries using Euro. So why would the industry move to Euro?!? To make the Dutch happy? I don’t think so…

    #756005
    Anonymous
    Inactive

    I vote for euro even if you dont live in europe. The value of the us dollar is redicoulous!

    In europe things cost about the double if not more!

    #756006
    Anonymous
    Inactive

    @Goldfinger 147522 wrote:

    Darko your calculations are 100% accurate with the exception that you forget to consider that the EU affs have to pay their living expenses in €. The disposable income comes from $ which is exchanged for € i.e. you earn less in the EU when the Dollar falls.

    Yes i have considered that – but it makes no diff.

    I know Eu aff’s have to pay their expenses in € and with the $ going down hill it ends up worse off for us, but this thread was about changing the way we get paid from $ to € to make us better off – but it wont !

    Im saying it doesnt really matter how we get paid – it wont make any diff (as shown in my examples – i.e if someone loses 1000€ – you will get paid 1000€ after whatever $ exchange rate it is)

    The fact if the $ continues to go down, it will lower our (EU Affiliates) disposable income if we get paid in $ or €

    #756007
    Anonymous
    Inactive

    well in theory that is correct. But I’ll tell you I don’t trust the programs that their currency conversion is 100% correct :wink-wink Do you not sometimes suspect that someone who deposits €200 shows up in your stats as $200? Who gets screwed then? And there are EU affs targeting US players, they get the shaft either way when the $ rises.

    With regards to the original thread I don’t think there will be a switch and my first response was intended to show that I’m peed off with the exchange rate and nothing else. I don’t think there will be a change over to the Euro. Besides a few programs let you chose the currency of your account anyway which of course doesn’t mean you get out of the conversion problem.

    #756032
    Anonymous
    Inactive

    People are still going to make deposit relevant to their income anyway. If they initially intended to deposit $100 but are force to deposit in euros they will make a quick mental calculation and deposit the equivalent amount. Just because they were going to deposit $100 doesn’t mean they will deposit 100 euro imo.

    #756033
    Anonymous
    Inactive

    When things bounce back as they always do with currencies , will you then want to switch back? this just a period of flucuation, I see the same talk going on about fixing the price of a barrel of oil away from the dollar. It won’t happen. To many things in this world are pegged to the dollar.

    #756040
    Lucretia
    Member

    Definately the dollar at this time. It it cheap to loose for players. They can count too you know.
    Most of my players play in $$ let’s keep it this way, IMO.

    Rick

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