After logging on today on PokerStars, some of you may have seen this information in the news section:
To simplify this message: PokerStars adds 4% margin to every transaction with currency exchange. It also applies to cashouts and deposits, so you may want to wait with moving your money if you have a wallet with two different currencies.
This is happening because exchange market is going crazy as a response to United Kingdom's EU Referendum. It's difficult to predict what will happen to UK because it's essentially a coin flip - half of UK's residents wants to leave EU, and half of them wants to stay. People may lose trust to GBP and EUR and as a result, move their money to more stable USD and JPY. That's why there is such a commotion on the exchange market right now.
PokerStars reacts to this news and adds 4% margin to transfer conversions. It looks like it's some sort of a parachute in case PokerStars will report a loss on currency exchange rates.
We don't really know how long it will last, but let's hope it will be removed soon.
To simplify this message: PokerStars adds 4% margin to every transaction with currency exchange. It also applies to cashouts and deposits, so you may want to wait with moving your money if you have a wallet with two different currencies.
This is happening because exchange market is going crazy as a response to United Kingdom's EU Referendum. It's difficult to predict what will happen to UK because it's essentially a coin flip - half of UK's residents wants to leave EU, and half of them wants to stay. People may lose trust to GBP and EUR and as a result, move their money to more stable USD and JPY. That's why there is such a commotion on the exchange market right now.
PokerStars reacts to this news and adds 4% margin to transfer conversions. It looks like it's some sort of a parachute in case PokerStars will report a loss on currency exchange rates.
We don't really know how long it will last, but let's hope it will be removed soon.