Banking Options: Making Withdrawals and Deposits
Unlike a casino, you can’t walk into an online room and exchange straight cash for chips. Because of this, you have to have some way of electronically transferring money to the online poker site of your choice. Most online venues have an enormous different ways to accomplish this minor task.
The easiest and most popular method of depositing money into a bank is using a credit card. Unfortunately many issuing banks are beginning to block gaming charges due to the fear of legal problems. Therefore, many gaming sites offer a variety of ways to deposit money, listed as follows.
Credit Cards
Although it may be harder for United States citizens to use this method these days, Mastercards and Visas are still widely accepted at most gaming sites. Be aware that your bank may apply a transaction fee to the usage of a credit card for this purpose, even if it is recorded as a purchase and not a transaction.
NETELLER
NetTeller is a service that is similar to the widely known Paypal. Unlike Paypal, NetTeller can be used to deposit and withdraw money from online poker companies. Simply deposit money into your NetTeller account with a credit card or bank account and send it to your gaming fund!
FirePay
Much like NetTeller, Firepay allows you to deposit money into an account without revealing credit card information. Simply create an account, deposit funds, and transfer money into the online gaming site of your choice. You can start playing almost immediately.
PrePaid ATM
These are basically like debit cards mixed with a gift card. They have a set amount accorded to them and will work like credit cards in deposits
Western Union
Western Union allows you to send money to online poker sites. They, however, have high transaction fees. Sometimes these losses will be given back to you via bonuses.
Direct Bank Transfer (Automatic Clearing House, or ACH)
The name pretty much says it all. The money is transferred directly from your personal bank account to an online casino. They will ask for your personal account details to accomplish this. But be careful…
Wire Transfer
This is a lot like a direct bank transfer but is safer and slower. Instead of entering information into an online form, you will fax the banking information to the online poker site of your choice. They will then ask your bank for the money and the bank will depend on your authorization. You can see how this method can take a few days to accomplish.
Check or Money Order
This is the slowest method of them all. The check or money order has to be mailed and received by the poker site of your choice. Use only if other methods don’t appeal to you.
|
