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Poker Site Deposit Types
Ready to play poker online? Great! Before you jump into the action, you should be aware of the different deposit methods available and how to make a deposit. It’s very simple and most online poker sites offer at least a few different deposit options (i.e. credit card, bank transfer, etc.). Typically, you’ll be able to start playing with the money you deposit right away.
The first step is to download the software and create an account at the online poker site of your choice. This takes just a couple of minutes. You will need to enter your name, address, phone number, email, and a few other personal questions. As soon as you finish signing up, it’s time to make your first deposit. This is a simple process that won’t take long at all.
How to Make a Deposit
First of all, you need to decide which deposit method you want to use. Please read the following options to learn more. After you choose which way you want to fund your online poker account, simply click on the “Cashier” icon and choose from the available options.
What you need to provide
It’s very important to make sure your personal information matches up with the payment processor used. For example, if your address is '1a Town Street' on your ID, and your bank account has another address listed, this may cause delays when attempting to cash out. Any deposits could also be declined.
Nearly every online gaming site will require you to submit documentation proving you are who you say you are. They do this for your security. If your ID doesn’t match up with the information you provide to the poker site, they may question you about it. This could cause a delay in receiving your winnings.
Once you are ready to make a deposit, check to make sure all information matches up. Then determine the amount you want to deposit. You will receive a first deposit bonus. Most of the time, the poker site will match your deposit so the more you deposit right off the bat, the more bonus money you will receive. Take that into consideration when determining an amount. Now let’s take a look at the different deposit methods. (Please note: some of these methods may not be available on the poker site(s) you choose.)
Visa and MasterCard
The most common way to fund an online poker site is via Visa or MasterCard debit and credit cards. These are also the most convenient. It takes a matter of seconds to get the money from your card to your poker account. Almost every site allows this deposit method.
The only potential issue with using your Visa or MasterCard is some banks may block online gaming transactions. This is especially true in countries where there are different state or territory laws governing online poker play such as the US. Other than in situations such as this the Visa or MasterCard debit or credit card are extremely reliable. If you run into a problem, there are plenty of other payment options for you to look into.
PayPal has over 180 million customers worldwide and it is considered a widely used payment processor. Luckily for poker players, there are a number of online poker sites which accept this as a deposit method. Even though it is not a commonly utilised payment processor among poker sites in the UK, it is still quickly starting to become widely available.
You can fund your PayPal account through bank transfers as well as through debit or credit cards. When you use this payment method, you can secure your financial details as the sites will never discover your account number. Moreover, when you have a PayPal transaction dispute, you will get a transaction ID number which will guarantee you a money back up to a limit that is particularly set out in their terms and conditions.
If you don’t want to use your debit or credit card, a great alternative is INSTADEBIT. It’s convenient and free to use. You deposit money into your INSTABDEBIT e-Wallet account instead of your online poker site. You can do this with a credit card or bank transfer. After you fund the account, you then head back over to the online poker site and transfer the funds to your poker account.
INSTADEBIT is a great payment processor because you can use the money in your account for more than just online poker. For example, you may have other things you want to buy online and can use some of the money in your INSTADEBIT account for those, and the rest for poker money. If you prefer depositing with a credit or debit card, you won’t have a problem getting the money to your INSTADEBIT account. INSTADEBIT is very safe, and that’s why people love it. The merchant has no access to your private information.
EntroPay is one of the best alternatives to traditional bank account debit cards or credit cards. These are perfect for those that either don’t have a bank account or are having trouble getting a transaction to go through with their bank card. EntroPay is a prepaid virtual Visa debit card. You won’t receive a physical card. Instead, it will be a virtual account.
You will sign up for an EntroPay account first, and there is no credit check. Everyone is approved. You then transfer money into the account and use that money to fund your online poker account. If this process seems a bit long and painful, it really isn’t. You can get the money to your poker account almost instantly. Signing up for EntroPay doesn’t take long at all either.
An eCheque is another convenient way to make a deposit. These work just like a regular cheque, but you don’t actually write one out. Instead, you enter the bank sort code and bank account number into the specified spot when making your deposit. The money comes directly out of your bank account and, if approved, the funds will be available for you to play poker instantly.
For those worried about providing bank information online, these are fully licensed and regulated online poker sites. Look for sites that invest heavily in creating safe and secure software so that all your information is kept private.
Web-Based Payment Processors
Online poker sites also accept eWallet services that players can use as a poker deposit method. Just like PayPal, you can use this type of payment processor as a middleman that will mediate between your bank and an online poker site. Since you would not have to disclose your financial information to poker sites, eWallet services can be considered as one of the most secure as well as fastest methods of depositing funds.
On the other hand, note that there is a high turnover in this area. For example in 2007, Neteller – one of the biggest online payment processors across the globe – was prohibited in operating in the US market due to a number of legal issues. While deposit methods are complicated for US players, the rest of the poker players in the UK can freely enjoy the convenience of using the eWallet services below.
Neteller has been offering secure online cash transaction options to its clients since 1999. Around the world, it is quickly becoming popular and a number of poker sites have joined the bandwagon by accepting it as a deposit method. Once you’ve created a Neteller account, you can fund it through credit cards, eCheques, bank transfers or through an ATM card. With a lot of funding options available, Neteller can be considered as one of the most flexible online payment processors in the market.
Remember that there is a fee when you use Neteller to deposit funds to your online poker account. On the other hand, you can watch out for online poker sites that waive the charge once you have deposited funds. You can also rest assured that your financial information will be secure because you will not be required to disclose it to a poker site once you use Neteller as a deposit method. It is also good to know that the company uses a 256-encryption system in protecting its clients’ money and details.
Formerly Ukash, Skrill is a UK-based electronic money system. It’s a unique way to pay. Here’s how it works. You exchange money for a voucher code. This code is worth the same amount of money you paid for the voucher. You input that code when depositing into an online poker account. The value of the voucher – the amount you paid – will then be available in your online poker account.
This is a different way to pay, and many poker players love it. It’s simple, quick, and pain-free. Once you make a payment to Skrill, you get a 19-digit code. Head back over to the Cashier at your poker site, enter the code, and then you’ll be ready to play. There’s nothing to it!
Many people don’t have a bank account or credit card. Paysafecard is another great alternative. You can pay to fund your online poker site or make other online purchases without a bank card by using Paysafecard. All you have to do is find a local store that sells Paysafecards. Then purchase the card based on how much you want to deposit into your online poker site.
The next step is to enter the card information when depositing into your poker account. You’ll have the funds available right away so you can jump into games instantly. Paysafecard is a trusted merchant around the world.
How to Cash Out
Making a deposit into an online poker account isn’t the only thing you need to be concerned with. Getting your money after winning is also pretty important. If you win big, or even just a little bit, you will want to cash out at least some of the money. How do you cash out? It’s very simple. You head back to the cashier, determine how much money you want to cash out, and then request a withdrawal via the selected method you prefer.
You may or may not be able to receive your winnings in the same manner as you deposited. That all depends on the withdrawal methods offered on the site you choose. The most common way to get your money is via a personal cheque. This will be posted to your address.
Some online poker sites allow bank wire cash outs or bank transfers. How this works is they will send the money straight to your bank account. This type of withdrawal method often comes with a service charge, so take that into consideration. Most online poker sites will give players one free cheque withdrawal each month if the charges bother you.
How Long it Takes to Get Paid
Wondering how long it will take to get your money? That all depends on the poker site you choose. No one wants to wait forever to get paid. Most of the time, you will receive your winnings within a week, but it should be no longer than two weeks.
The biggest factor is the poker site and the withdrawal method you choose. It may take a few days longer to receive a cheque in the post than if you have the money wired to your bank account, for example.