Nothing. I put my money in by check (10 day processing lag but no fees) and will withdraw it by wire transfer (no fees on InTrade’s end, last time I checked, and, at my bank, incoming wire transfers are free). InTrade just made money on the float from me.
InTrade doesn’t charge fees anymore and just makes their money off the float? Hm. Maybe my old verdict ‘too expensive for small players’ needs revising.
Ah, so it hasn’t changed. That still makes long-term bets there infeasible for people with small bankrolls (I’ve believed Obama had 60% odds since well before the primaries, but I’d find it hard to profit on Intrade with as much as 5% of my tolerable investment disappearing each month...)
Nothing. I put my money in by check (10 day processing lag but no fees) and will withdraw it by wire transfer (no fees on InTrade’s end, last time I checked, and, at my bank, incoming wire transfers are free). InTrade just made money on the float from me.
The fee is $20 for processing a wire withdrawal and 4 Euros for a check withdrawal.
Looks like that changed at some pt. Ah well, I’ve got plenty of margin for a 4 euro fee.
InTrade doesn’t charge fees anymore and just makes their money off the float? Hm. Maybe my old verdict ‘too expensive for small players’ needs revising.
Their website suggests just a $5 monthly fee.
Ah, so it hasn’t changed. That still makes long-term bets there infeasible for people with small bankrolls (I’ve believed Obama had 60% odds since well before the primaries, but I’d find it hard to profit on Intrade with as much as 5% of my tolerable investment disappearing each month...)