It has never been easier to make a deposit into an online poker room. There are many options for players to use. These involve credit cards, debit cards, ewallets, echecks, bank wires and cash transfer services. Here is a list of the most popular deposit options.
While most U.S. transactions are declined, players in the rest of the world can deposit using credit cards. Visa and Mastercard are widely accepted. A player simply enters in their name, address, credit card number, expiration date and security code, and the payment processor verifies that it is correct. If the information is correct, the player’s country allows credit cards for online poker deposits, and the player has enough credit, the player’s poker account is credited with the amount that they deposited. In some countries credit cards can be used for withdrawals as well.
Much like credit cards, players can use a debit card to make a deposit. The player fills out the name, address, debit card number and card identifiers in the cashier form. If the info is correct, the country allows debit card deposits, and the player has enough to cover the balance, the player’s account is credited. Debit cards can often be used for withdrawals depending on the player’s country and poker room policy.
There are many different ewallets. An ewallet is an online banking type system. A player funds an online account with a credit card or their bank account. The balance can then be used to deposit into an online poker room. Most ewallets do not accept U.S. players. The exception to that is Pic-Club which is accepted by a handful of U.S. friendly online poker rooms. Ewallets that can be used by players outside of the U.S. include Neteller, Moneybookers, Paypal, ClickandBuy, Click2Pay, Ecocard, Paysafecard and Ukash. Most ewallets can be used for withdrawals too. Ewallets are very convenient for transferring money from one poker room to another.
While echecks were once popular, especially for U.S. players, they are no longer a widely used option for online poker rooms. When a player uses an echeck, they give the online poker room their bank account information. The poker room then deducts the deposit directly from the player’s checking account. Echecks can often be used for withdrawals as well.
Large bank transfers are most often processed using bank wires. A player wishing to deposit a large amount of money on an online poker room should contact the poker room to see if this option is available. If the option is available, the player will be given the poker room’s banking information. The player then goes to their bank to initiate the transfer. Wires are processed within one day. If the wire is initiated early enough in a day it should arrive at the online poker room on the same day. There is usually a small charge by a bank to send a bank wire. The poker room may be willing to pick up the charge. Players can also receive large transfers by bank wire. Bank wires are available to U.S. players at some poker rooms.
Cash transfer services such as Western Union and Moneygram are popular for U.S. players. To send cash directly to the poker room, a player goes to an authorized agent of the cash transfer service. These tend to be large retailers, gas stations, and check cashing companies. A player needs to contact the poker room for the information on who will receive the money. A player then gives this information, as well as their own information, to the agent. Cash transfers arrive to the online poker room almost instantly.
There is usually a fee of 7-10% to send the money through these cash transfer services. Some poker rooms will pick up this fee as long as the player deposits a certain amount. Some online poker rooms will also send players withdrawals through cash transfer services. Players often must pay the fee associated with these types of transfers when withdrawing.
There are so many easy options for depositing into an online poker room. If you are new to poker we suggest setting up an ewallet account if you are outside of the U.S. Players in the U.S. will most likely have to use cash transfer services or bank wires to fund their online poker accounts.