So you’ve chosen your preferred online poker provider via the PokerNews review pages and are ready to make your first deposit. You can almost taste that sweet sign-up bonus, but then you wonder how on Earth you are going deposit your money on the site and then, how do you withdraw any winnings?
Online poker sites allow you to make deposits and withdrawals by many means which fall under three distinct categories: (1) Transfers, (2) Debit/credit cards and (3) e-wallets.
Bank and wire transfers are popular with players wanting to make larger deposits and withdrawals. Often, sites will impose a minimum deposit or withdrawal amount or charge a fee for smaller transactions.
(2) Debit / Credit Cards
The two most popular debit and credit cards are powered by Visa and Mastercard. Whilst no fees are generally charged for debit cards, sites often charge a small percentage of your deposit or withdrawal amount if you use a credit card.
Additionally, your credit card issuer may charge a fee for processing the transaction. To find out exactly how much, be sure to contact your provider directly.
Become a Skrill VIP member and you can receive a cash bonus of up to €100.
Prepaid cards and vouchers such as paysafecard are also becoming increasing popular to use. If you would like to obtain a paysafecard, simply head to your nearest vendor, purchase the voucher or prepaid card and use it to deposit in the same way you would use a debit or credit card.
Please note, you cannot withdraw funds to the majority of Mastercards and it is not possible to withdraw via paysafecard.
In an increasing number of poker players prefer to use E-Wallets because it eliminates the need to use your bank details or credit/debit card. E-wallets such as Skrill and Neteller are amongst the major players most widely accepted at most sites.
To use an e-wallet you need to create an account, deposit some funds and then use your e-wallet to transfer money to your chosen poker site. You can withdraw winnings straight back to your e-wallet and from there transfer the funds to your bank account.
All online poker sites list the available deposit and withdrawal methods in their cashier section. Alternatively, you can access a detailed breakdown of all this information and more at the PokerNews review pages.