Online Poker Deposit Methods: Choosing The Best Poker Deposit Options
Choosing a trustworthy and reliable online poker room is not as easy as one might think since you need to pay careful attention to several key areas, including the variety of cash games and tournaments, player traffic, security, and welcome offers, among others. Another crucial factor that you’ll need to keep in mind when looking for an online poker room is whether or not your preferred deposit method will be accepted.
Top10pokerwebsites has decided to create a poker deposit options section to walk you through the wide range of deposit methods you’ll find at most of the online poker sites we list on our site.
We provide our expert opinion on each deposit option so that you can make an informed decision before registering with one of our recommended online poker rooms.
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Different Online Poker Deposit Options
- Top American Poker Rooms for May 2020All Poker Rooms are Licensed , Mobile Friendly Advertiser Disclosure
- Different Online Poker Deposit Options
- Security and Safety
- Transaction Fees
- Deposit Limits
- Frequently Asked No Deposit Poker Questions
Before depositing funds into your online poker account, you will first need to browse through the different types of deposit methods available over the internet. As long as you have an active bank account, you can easily find a safe and secure way to deposit funds into your online poker account without providing too much personal information. There are five types of online poker deposit methods that are favoured by poker players. We have listed each of them below and included a short description to explain how they function.
Debit Cards and Credit Cards
When purchasing goods of services online, debit and credit cards are considered the most popular options in the world. Therefore, it’s online natural that they are widely used at online poker rooms as a preferred deposit option. Looking at brand names, you will come to find that Mastercard and Visa are among the most popular throughout the online poker community. You will also notice that some online poker sites accept deposits through Maestro and American Express, but they are unfortunately far less common.
The biggest drawback to using a debit or credit card to fund your poker account is whether your transaction will ultimately be accepted. Thousands of banks issue Mastercard and Visa cards worldwide, and these banks usually vary when it comes to their policies and how they handle transactions when it comes to online gambling. This means that one card might not be accepted at a specific online poker room, while another card will.
This has been an ongoing issue across the globe, especially in the U.S where the acceptance rate is extremely low. This doesn’t mean you can’t use your debit or credit cards to fund your poker account, but it does mean that you’ll need to experiment a bit before locating a site/card combination that works for you.
Another extremely popular method to transfer money around on the World Wide Web is through e-wallet websites, places that allow you to store money in a virtual account that can be used to make purchases online or that can be transferred to your active bank account. The e-wallet sites provide a convenient way to spend your money online without having to visit your bank to access and withdraw funds.
PayPal is one of the most popular e-wallet brands in the world that allows payment processing on an almost endless list of websites. Although PayPal is immensely popular among players, it’s not considered the market leader when it comes to online gambling. The reason for this is that its services can only be utilised by licensed sites in countries where they are regulated. Therefore, many online poker rooms won’t be able to take advantage of their superb services.
Luckily, there are several other leading e-wallets out there that provide the same services for a much wider range of online poker sites. Skrill and Neteller are two of the most famous e-wallets in the online poker community. Skrill has popularity outside and inside the online gambling industry, while Neteller was once the only brand when it came to online gambling-related e-wallets.
Bank Account Options
It’s also possible to fund your online poker account by using your existing bank account. There are several different ways in which you can achieve this. In most cases, you can perform a wire transfer directly from your bank account, or you can utilise e-check to transfer funds into your online poker account.
Another great possibility when depositing into your online poker account is the use of an online banking system. These convenient and quick deposit methods utilise services specifically designed to facilitate money transfers to the online poker website or any other merchant, directly from your authorised bank account. Such services are usually regional in scope. For example, POLi Payments. also referred to as PoliPay, is one of the most popular online banking products used in both New Zealand and Australia.
Pre-Paid Card Options
If you want to completely avoid sharing your financial information at any online poker room, regardless of how safe and secure the site might be, pre-paid vouchers and cards might be one of the best alternatives to do just that. You will avoid sharing your credit or debit card information, and won’t have to provide your bank account details to play online poker. These products will allow you to purchase a voucher or card with a specific value from your local vendor. Thereafter, you can use the pre-paid card to fund your online poker account. In addition, you can also purchase a pre-paid card using cash, and this eliminates the need to have a credit card or bank account.
One of the best examples when it comes to Pre-Paid cards is Ukash, an innovative voucher system. Situated in the United Kingdom, Ukash will allow you to buy a voucher from an ATM, local retailer, or even a kiosk that comes with a 19-digit code. You can then use the code to deposit funds on your account or purchase goods at online stores another popular service is paysafecard.
When it was initially introduced to the world in 2008, very few people took this digital payment system seriously. However, within a few years, cryptocurrencies have become an extremely important way for users to exchange funds and make purchases online. The decentralised nature of cryptocurrencies has made it a somewhat anonymous way to process financial transactions. This is one of the main reasons it became so popular and attractive to users across the globe.
One of the biggest areas where cryptocurrencies made a massive impact was in the world of online poker. This is especially true for online players who wish to register with an online poker room but wish to avoid sharing their financial information online, do not have a credit card or bank account, or live in a jurisdiction where online poker transactions are a hassle to process, such as the United States for instance. While most online poker sites still do not offer this unique payment option, the number is increasing daily, making it a superb alternative when compared to more traditional deposit methods. The most popular cryptocurrencies include Bitcoin, Litecoin, and Ethereum.
Security and Safety
The most important aspect when it comes to any deposit method is security and safety. It is crucial that you choose a secure, trusted, and reliable deposit option before you fund your online poker account. Fortunately, most of the deposit methods offered at any of our recommended online poker rooms are both safe and secure, with most of our players making use of them. The most frequently used and popular deposit methods include Bitcoin, e-wallets, bank transfers, and debit/credit cards. We highly recommend that you avoid any unknown or unfamiliar deposit methods at all cost, and only stick to the options that have a solid reputation among online players.
Another vitally important factor to bear in mind when choosing your preferred deposit method is that most of them will come with additional charges or fees on every transaction you make. It will be in your best interest to first take a look at the different fees involved for every deposit method you are considering to ensure you know what you will be charged when making deposits at any online poker site. Most poker players make the mistake by choosing a deposit method without first checking the additional fees attached to it.
For instance, let’s say you want to make a deposit with either debit/credit card or bank transfer, you will need to be aware that additional processing fees will be involved that will ultimately be determined by the issuing bank. Also, e-wallet services such as Click2Pay, PayPal, Neteller, and Skrill also contain their own processing fees. The main reason for being charged additional fees is that each of deposit method is utilising third-party services to interact with your account and the online poker room. In turn, they will require a small fee for services rendered.
Every deposit option listed above will also feature different minimum and maximum deposit limits that an online player can deposit at any given time. These deposit limits will greatly vary depending on the deposit method you choose and can be imposed on a monthly, weekly, or even a daily basis. Some will feature a maximum deposit limit per day, while others will have a maximum deposit limit every week or month.
Frequently Asked No Deposit Poker Questions
1. How Do I Make a Deposit?
Deposits can be made when you have signed into your online poker account. Navigate to your player account and select the ‘Cashier’ or ‘Deposit Funds’ option.
2. How Long Will it Take to Process My Deposit?
Unlike withdrawals, deposit methods usually have an instant processing time, unless otherwise stated. Some sites will also provide a ‘Fast Deposit’ feature so that you can get playing right away.
3. Can I Cancel a Deposit?
If you wish to cancel a deposit, you will need to contact the security or support team of the online poker site immediately. There are strict regulations around this and there is no guarantee that you will be successful in cancelling your deposit, as you need to have a very good reason for the cancellation, in which case the security team may allow you to cancel. It is advised to deposit carefully, as cancellations are generally not allowed.
4. Do I Need to Make a Deposit in Order to Win Real Money?
Yes, online poker sites require you to make a deposit before you are able to win real money. Usually, you cannot win real money when playing demo or free poker games.
5. What is the Smallest Amount I Can Deposit?
This varies according to the poker site and the deposit method, but the lowest minimum amount can be around $1.