Learn the many different ways poker
players are funding their online poker accounts. Online
Poker Card Rooms try's to keep the funding information
as up-to-date and correct as possible, however, if you would
like to find more information you can click on the payment
name to take you to their website.
Payment Providers:
Neteller
Neteller is a secure online money transfer system, similar
to an online wallet, which enables you to deposit funds
to your poker account, transfer money to and from online
merchants as well as other Neteller members, and withdraw
funds from your account. A Neteller account is free to open
and reliable to use. It is an extremely flexible and highly
recommended payment option for all online poker accounts.
Depositing
Neteller provides many convenient ways to deposit and withdraw
money to your online poker account including credit card,
online cheque (EFT), InstaCASH, Bank Wire, and ATM card.
The minimum and maximum depositing amounts are $10 and $2500
per transaction. There are, however, no limits as to the
number of transactions which you may carry out per day.
As long as you have sufficient funds available the money
will be instantly credited to your poker account.
Transferring
Transferring money through Neteller is secure and convenient
(please our online poker security
page). The process of transferring funds to an online merchant
is made simple as you are only required to enter your Neteller
Account ID, your Secure ID, and the amount that you wish
to transfer from your NETELLER Account, and the funds transfer
occurs instantly. As soon as funds have been deposited into
your Neteller Account, you are then able to send money to
online merchants and other Neteller Account holders. Transferring
money with Neteller is free as there is no charge assigned
in transferring money to merchants or peers. North American
based customers may transfer money within minutes by using
the Instacash feature of their Neteller account.
Withdrawing
Neteller offers a variety of withdrawal options. Through
Neteller, you are able to withdrawal funds from your Neteller
account to your bank account and your personal Neteller
ATM Card, as well as by cheque. The minimum withdrawal amount
is $5 and you may cash out all of your available funds with
NETeller. It will take one business day to process your
request. Once processed the funds will arrive back in your
Neteller account one to two business days thereafter. Customers
may apply for a free Neteller debit card and access the
funds in their Neteller account directly from ATM machines
with the Maestro or Cirrus symbol.
FIREPAY
A FirePay Personal Account is similar to a debit card in
that you deposit money into your FirePay Personal Account,
and then use your account to purchase goods and services
online. There is no charge to sign up, pay with, or send
funds, from your FirePay Personal Account to your poker
account. Merchants are charged a minimal service fee each
time a FirePay Personal Account member pays with FirePay
at their site. FirePay charges $2 for every deposit into
the account and all withdrawals incur a flat rate fee of
$5. The FirePay account may only be funded with an electronic
check, which will take a couple of business days to clear.
The minimum deposit you can make with FirePay is $10 while
the maximum daily and weekly limits are $1000 and $2500
respectively. As long as you have sufficient funds available
the money will be instantly credited to your online poker
account. The minimum cash out is $5 and the maximum cash
out is set at $10 000 per day. Your request will be processed
within one business day. Once processed the funds will arrive
back in your FirePay account up to 3 business days thereafter.
Your personal information is never transmitted or stored
in a manner where it could be compromised. In addition,
it is never provided to the business you are paying.
InstaCash
InstaCash is a payment option offered by Neteller. It is
a safe, fast, secure and reliable way to fund your online
poker account. An InstaCash Account is free to set up and
it allows North American customers to instantly transfer
funds directly from their bank to their card room account.
As long as you deposit straight into your card room account
the transaction is free. If you decide to fund your Neteller
account via Instacash you will be charged an 8.9% fee. The
minimum weekly deposit is $10 and the maximum weekly deposit
ranges from $750 to $3000 depending on what level of Instacash
you have. If you want to cash out with Instacash, your Neteller
account can by easily credited. There is no limit to the
amount cashed back. Your request will be processed within
one business day. Once processed the funds will arrive back
in your Neteller account within 1-2 business days.
Prepaid
ATM
A PrePaid ATM account is a virtual ATM card which functions
in the same manner as an ewallet. PrePaid ATM customers
are eligible to ask for a real ATM card with which they
may easily withdraw funds from ATM machines (as well as
your online poker acount). A PrePaid ATM account is free
to open and reliable to use. There are numerous ways to
fund and cash out from the account. These include a card
to card transfer (3% fee), electronic check which take a
couple of business days to clear (free), Visa MasterCard
(5% fee) and bank wire ($10). The minimum deposit is $10
and the maximum daily and weekly limits are $1000 and $2500
respectively. The minimum is $5 and the maximum cash out
is set at $5000 per day. Your request will be processed
within one business day. Once processed the funds will arrive
back in your PrePaid ATM account up to 3 business days thereafter.
PayPal
PayPal is a global leader in online payments. It can be
used to send and receive payments through the Internet.
Once you sign up for a PayPal account, you are then able
to send and receive money online. When you send money, you
can choose to fund your payments from your PayPal account
balance, a credit card, or your bank account. Recipients
are then notified via an email from PayPal that they have
received a payment from you. Payments are made immediately,
quicker than sending checks or money orders. It's free to
send money, and PayPal is affordable for businesses of all
sizes. PayPal is accepted worldwide, and can be used to
make payments locally or internationally. It is secure in
that your financial information is not revealed to sellers
and industry-leading fraud prevention keeps you safe and
secure
Click2Pay
Click2Pay is a relatively new secure online payment system
which utilizes the web-wallet model. Users can either pre-fund
their accounts using a credit-card, debit-card, or ACH,
or they may choose to have their purchases instantly funded.
Using the instant fund method, a player makes a deposit
to any Click2Pay supported site and the funds are automatically
withdrawn from the credit card. This speeds up the process
of deposits significantly, and it ensures that play is not
interrupted because you don’t need to worry about
your “wallet” balance. Click2Pay doesn’t
charge the user for its services which makes it’s
a great option for depositing small amounts of money for
your online poker account.
That being said, there have been some complaints about
Click2Pay’s customer service. We have heard some complaints
of overcharging, credit-card withdrawal errors, and slow
service to rectify the errors. This is not to say the error
were intentional, but just a word of caution. If a site
has an alternate funding method (such as Neteller) it may
be wise to go with it instead.
Citadel Commerce
Citadel is a comprehensive online payment processing solution.
They provide their customers with credit-card, debit-card,
and personal check processing. Citadel has build up a solid
reputation online and is used by a number of the larger
online gambling sites, most notably PartyPoker.com.
Citadel is most widely known for their electronic internet
checks which allows users without credit-cards to gamble
online. Even users with active credit card account often
choose to use Citadel internet checks because their fees
are usually lower than using credit-card processing online.
To use the Citadel Commerce electronic check option the
user enters the requested bank account information. Citadel
Commerce encrypts the data, and transmits it to their secure
server for posting.
The Bank Routing Code (RTN) numbers are automatically checked
for accuracy by the Citadel Commerce database. If the numbers
are incorrect, the customer is presented with the input
form again to correct account information. The merchant
is then notified of the transaction, and the customer receives
approval of their purchase, which they can print for a receipt.
If the account has insufficient funds, the merchant is automatically
notified, and the RCK electronic check recovery system begins
the collection process, at no additional cost. Transactions
are typically settled within 72 hours, if processed before
3:00 PM CST, and most merchants have money in the bank before
any products are shipped.
iGM-Pay
iGM-Pay is a safe and secure electronic funds transfer (EFT)
process which allows you to make instant transfers of funds
to your online poker account from your checking account
(US accounts only). It's as simple as writing a check to
use and best of all it is fast and totally free. This works
similar to your paper checks, the only difference is that
it is done electronically. As soon as you send an eCheck
by iGM-Pay, the money is deposited into your Poker account
(provided you have registered your bank account with the
site). The minimum iGM-Pay deposit is 50 USD and the maximum
per transaction amount is 500 USD.
This method does require a little bit of time to set up
because you need to verify you bank information with iGM-Pay
before being able to use the account, however, once it is
set up it is a great, cheap, and efficient way to pay. One
of the best things about iGM-Pay is the speed which at which
the transactions are approved. Whenever I’ve used
this service, I am immediately cleared and can deposit money
instantly without any wait. Same goes for withdrawals, usually
much faster than the competition.
USEMYBANK
Use My Bank is a service currently provided to players who
retain a bank account at one of many registered Canadian
banks. Typically, an online poker player who wishes to transfer
funding directly from their bank account must use a facilitating
service such as moneybookers.com, which acts as a middleman
between the online poker site and the player. The player
will contact the bank themselves and request that the bank
transfer the funds to moneybookers.com who in turn will
send the money to the poker site.
Usemybank simplifies this process by having relationships
with the banks. Players merely enter in their bank account
information (as well as some required verification information)
and usemybank automatically completes the transaction. There
is no fee for the player, and no limit to deposits. Its
as though you are sending a bank transfer yourself without
having to contact the bank. This is a promising service,
however, it is currently available only for Canadian banking
institutions. Usemybank is currently in the process of adding
international and American banks to the service.
MoneyBookers
Moneybookers is a UK-regulated online money transferring
agent, the first regulated eMoney transferring agent in
Europe. The service appears to be highly security oriented,
and requires some personal information, however, if accountability
and reliability are important then moneybookers.com is an
excellent choice.
Moneybookers is essentially a facilitator between the bank/player
and the poker site. The player must request that the bank
transfer their funds to moneybookers.com, and then moneybookers.com
will then transfer the funds to the poker site. It usually
takes the bank between 1 and 3 days to transfer the money,
but once moneybookers has received your cash they transfer
the funding instantly to the poker site at a moments notice.
For the poker player, it is wise to retain a balance at
moneybookers.com because of the waiting time needed to fund
the account.
Players may also use a credit card to fund their moneybookers
account. They require a scan of both sides of the credit
card, a scan of a recent bill, and a scan of a valid government-issued
identification card (drivers license, passport, etc. etc.).
This is only required the first time you use the credit
card option and subsequent deposits will be done instantly.
Otherwise, if you live in a few selected European countries
(United Kingdom, Czech Republic, Denmark, Estonia, Germany,
Norway, Switzerland and The Netherlands) you can skip those
steps and have the card-issuing bank authorize your account
automatically.
While this option appears to be somewhat more involved
to setup, it is worthwhile to ensure you are using a secure
and accountable agent.
Pre-Paid ATM
PrePaidATM is an online money transfer service that functions
like an ATM card, debit card, and money transfer card all
in one. Simply deposit money into your PrePaidATM using
a credit card, Paypal, electronic check, bank wire, Quick
Collect, or card-to-card transfer, and begin making online
purchases of any kind. Please note, however, that PrePaidATM
is currently available to U.S. residents only. To open an
account, proceed to http://www.prepaidatm.com and deposit
your money.
PrePaidATM features:
• Make online purchases without revealing personal
information
• Send money anywhere in the world in seconds
• Withdraw cash from ATM machines worldwide
• Receive payment for goods or services that you provide
• Fund your account in the method of your choice
• The only ATM card not tied to a bank account
• The most inexpensive way to send money
Other Methods
There are other ways to fund you online poker account, however,
the above mentioned methods are the most popular and most
trusted. In today's cyber world online security is the one
of the most concerns online poker players have. Please visit
our online poker security
page for more information...
