Omega's New Fee Structure
In a recent thread Omega Mike mentioned that his company had switched to a new fee structure. Here it is from the site's own FAQ.
Mike clarified this by saying that if you fund via Western Union or Moneygram you have to pay the ** or ** fee. But, if you fund via check or bank wire transfer there are no fees for deposit or withdrawal.
Neteller charged books from two to four and a half percent on incoming money, and if I read the Omega FAQ correctly books will pay Omega eight percent on transfers they facilitate. Players need to realize, then, that there will need to be higher roll-over requirements or no bonuses or something to allow books a fair margin.
That said, for the player, this looks to me almost as good as the good old days. When these transfer companies pop up people are always saying quite reasonably, "Why don't I just deposit directly to the book through Western Union." Well, in this case, the answer is because you can save yourself those cashout fees if you work through Omega depositing via credit card, check, or bankwire.
Books serviced by Omega include:
5 Dimes ($300 limit at the moment)
Jazz Sports
Bet Guardian
SBG
BetMania
BetLasPalmas
Ehorse
BetTrojan
In an email Mike informed me that BetPhoenix and BetAtlas are in the pipeline.
Mike as a point of information we would most like to see Bookmaker, Olympic, BetOnLine, Matchbook, WSEX, ThePig, and BetJamaica added to your roster. Get a couple of those and you move from being a player to a Player in this market.
I do not yet have an account at OmegaInternetSolutions, so not having gotten my hands dirty going through the whole process it’s possible that there’s something that I’m missing. I do keep my eye on the transfer business, though, and Omega looks to me like the most interesting work-around that's emerged in the post-UIGEA world.
Is there a fee for withdrawing (cashing out) from Omega Internet Solutions?
Yes, for withdraw by Western Union. All the other withdraw options are free.
Is there a fee to fund (deposit) to your own Merchant or User account?
No, there is no fee to fund (deposit) to your own Merchant or User account.
Yes, for withdraw by Western Union. All the other withdraw options are free.
Is there a fee to fund (deposit) to your own Merchant or User account?
No, there is no fee to fund (deposit) to your own Merchant or User account.
Neteller charged books from two to four and a half percent on incoming money, and if I read the Omega FAQ correctly books will pay Omega eight percent on transfers they facilitate. Players need to realize, then, that there will need to be higher roll-over requirements or no bonuses or something to allow books a fair margin.
That said, for the player, this looks to me almost as good as the good old days. When these transfer companies pop up people are always saying quite reasonably, "Why don't I just deposit directly to the book through Western Union." Well, in this case, the answer is because you can save yourself those cashout fees if you work through Omega depositing via credit card, check, or bankwire.
Books serviced by Omega include:
5 Dimes ($300 limit at the moment)
Jazz Sports
Bet Guardian
SBG
BetMania
BetLasPalmas
Ehorse
BetTrojan
In an email Mike informed me that BetPhoenix and BetAtlas are in the pipeline.
Mike as a point of information we would most like to see Bookmaker, Olympic, BetOnLine, Matchbook, WSEX, ThePig, and BetJamaica added to your roster. Get a couple of those and you move from being a player to a Player in this market.
I do not yet have an account at OmegaInternetSolutions, so not having gotten my hands dirty going through the whole process it’s possible that there’s something that I’m missing. I do keep my eye on the transfer business, though, and Omega looks to me like the most interesting work-around that's emerged in the post-UIGEA world.