Euteller Fees & taxes
Euteller is not an entirely free banking solution no matter the transaction type. Nevertheless, it is quite an efficient payment method for online casinos.
Mostly, the fees incurred are not usually imposed by online casinos. Euteller itself charges fees to transfer money from your bank to the casino. However, the casino of choice could charge other fees. Make sure to read through the casino’s terms and conditions.
Every deposit done via Euteller attracts a standard fee of 1.95%. This administration fee is based on the amount being transacted at a time.
Needless to say, this is quite affordable compared to several other payment methods. However, the fees can be enormous if you transact large amounts of money.
For instance, if you deposit €10000, you can pay up to €195 in fees. No matter how one looks at it, that fee is pretty high. As such, you should ensure you only deposit reasonable amounts.
Away from that, Euteller is quite flexible. There’s no cap on how many times you can deposit daily or weekly. However, €20,000 is the limit per transaction.
Theoretically, one can deposit upwards of €600,000 a month. However, this cannot happen without alerting authorities. In this case, you will have to pay extra taxes on top of the required fees
It is worth noting that Euteller does not handle direct refunds. This is because the payment option is not a financial institution.
Again, Euteller is tailored for the Finnish market. Therefore, the only supported currency is Euro.