Online Poker Deposit Options
One of the biggest concerns and frustrations about online poker is deposit options. American players have extra has
sles, but finding a fast, convenient, and hassle-free deposit option can be overwhelming. Some of the biggest poker sites offer a very wide selection, with some options far more popular than others.
Ewallets are one of the most popular options for online banking. Access to these can vary depending on where you live. For example, Paypal accepts US accounts, but is not a funding option available for US poker players. The biggest draw to using an ewallet is the convenience. Players can fund the ewallet a number of ways, and not only use the cash for their gambling, but other purchases on the web.
Paypal is one of the most popular of the ewallets, and for good reason. Regardless of their poor reputation and bad customer service, they are everywhere on the web. Players can withdraw their winnings to their Paypal account and use it on nearly every online storefront. There is even a Paypal Card available to some which allows players to pay for and withdraw their funds the same as any other debit card.
Another big name in ewallets is Skrill. Skrill was previously known as Moneybookers, and nearly every online gaming site will accept them. And much like Paypal, Skrill also offers a Mastercard linked to your Skrill balance, however it is only available to to EU residents.
Ewallets aren't just about shopping online, however. They can be very useful in minimizing banking and currency conversion fees. Different ewallets have different funding options, which include being able to deposit and withdraw directly to your bank account or even credit card. Even though there is a wide variety of trustworthy ewallet options, players should make sure that they do their research to use the one that is the most convenient for them.
Credit cards are the fastest and easiest of all the deposit options. However there are a number of issues with using credit cards. They're not accepted everywhere, for example American players can at times have trouble getting their cards accepted.
Another problem with credit cards is that not everyone has one, or wants one. Simply owning a credit card can reflect on your credit score, and the idea of carrying a balance is distasteful to some people. On top of that there are a number of different banking options available that do not charge high percentages. If you have a 50% deposit bonus and you deposit $500 on your credit card that has a 20% rate, you're not really getting very much of a bonus unless you pay off your credit card every month. And doing that means you are making two deposits simply to avoid high charges.
Another thing to keep in mind is that some online poker rooms require players to withdraw the same method they used to deposit. This may not be a big deal on smaller wins and cashing out, however this can be quite frustrating if you win a big pot and the only way you can cash it out is as a balance on your credit card. Be sure to read not only the deposit options, but the withdrawal options to make your choice as educated as possible.
Traditional methods are available on some poker rooms, though they are slowly being phased out. Traditional banking methods include paper checks, which can be frustrating in the fact that players must write the check, and mail it. And wait for the check to reach the typically international location, be deposited and clear before they see funds in their accounts. However despite this inconvenience, many poker rooms will offer paper checks as a withdrawal option even if they don't offer it as a deposit option. Money Orders, Cashier's Checks and Certified Checks are all similar in their frustrations, though these options can be easier to budget as they funds are paid immediately instead of waiting for the poker room to deposit the check sometimes weeks later.
However not all traditional deposit methods are as slow. Bank transfers, bank drafts and bank wires are also common deposit options, although because of the fees they are not as popular. Players can pay sometimes around $50 to make a deposit in this manner, and because of the fees many poker rooms will have a much higher minimum deposit. Other rooms may not even offer it on their site, but have it only as an option for high rollers who contact their customer service.