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Post by hawkeye on Mar 1, 2016 10:43:55 GMT
I'm facing (from my point of view) a problem of a very low flexibility in managing my funds spread among a few p2p lending platforms. Is there any (probably regulatory) reason why none platform supports Skrill (Moneybookers), Neteller or other e-wallet services for depositing and withdrawing funds? Same is applicable for debit/credit/prepaid cards. I understand nothing is free of charge and I'd be pretty happy with a reasonable fee. Similar businesses like sports betting, online poker, forex trading... have no problem with these tools, they mostly cover the fees themselves and I believe it helps to increase the industry liquidity a lot. One of the options of using transferwise for depositing by card has the unbelievable limitation (of the otherwise great service) they are not able to provide the transfer without currency conversion. You have EUR card, EUR target bank account of the p2p provider but you cannot use transferwise with 1:1 currency conversion rate and choose EUR as a source and also target currency :-| ***. Is it just me who finds this an issue? Any suggestions?
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Mar 1, 2016 11:21:55 GMT
Is there any (probably regulatory) reason why none platform supports Skrill (Moneybookers), Neteller or other e-wallet services for depositing and withdrawing funds? I've not heard of these. I suspect that it wouldn't be worth most platforms bothering to implement, most will have much higher priorities for their compliance and IT teams. Same is applicable for debit/credit/prepaid cards. I understand nothing is free of charge and I'd be pretty happy with a reasonable fee. Many platforms do accept debit cards, such as FC and RS.
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Post by hawkeye on Mar 1, 2016 11:38:56 GMT
Is there any (probably regulatory) reason why none platform supports Skrill (Moneybookers), Neteller or other e-wallet services for depositing and withdrawing funds? I've not heard of these. I suspect that it wouldn't be worth most platforms bothering to implement, most will have much higher priorities for their compliance and IT teams. I believe diversification is a big topic for all of us (at least should be when dealing with these yet immature services) - for gambling industry in general e-wallets is the key thing to easy money management - no reason why here should be different (p2p lending it's definitely of the same nature as sports betting and forex) you are probably right - I was mostly referring to the services open for non-UK customers - nowadays typically many baltic companies
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