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Announcement: Several poker sites have announced that they will no longer accept ePassporte as a form of deposit and withdrawal. However, some sites have also recently added e-check services, which eliminates the need for an e-Wallet service. As more information is gathered, we will report it here for you! | |||
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Funding Methods Interested in online wagering but don't know what to do about funding accounts and receiving payments? This may seem like a difficult process, especially for those in the United States. However, setting up what is known as an e-wallet is as easy as signing up for a Paypal account. E-Checks Many poker rooms and some popular sportsbooks are adding e-check services to their list of payment processors. Before the UIGEA Act was signed, many poker rooms, such as Party Poker used them. There is a trend back to e-check services, and sites like Full Tilt and PokerStars are beginning to accept e-checks from US customers. To use an e-check you need a checking account. You can enter your checking account information in your preferred site's cashier and your funds should appear immediately. Depending on the site's policy, you can also take payouts directly into your account, as well. E-Wallets The concept of an e-wallet is simple. An e-wallet is a third party company that securely transfers money to and from funding sources (such as bank accounts and credit/debit cards) and the sportsbook/poker-room. Registration and verification can take up to several weeks, but usually the request is handled promptly. A well-known e-wallet is Paypal. Although Paypal generally will not handle online gambling transactions, Paypal users should be familiar with the e-wallet model. Credit/Debit Cards Another common deposit method is via credit/debit cards. Most United States-based funded accounts will not authorize transactions to online betting sites, and very few allow them. However, most pre-paid credit cards such as the Visa All Access Gift Card will approve immediately on almost all sites that accept credit cards. All Access Gift cards can be found at your local grocer or drug store. Special note: many prepaid gift cards have similar filters that your current credit and/or debit card that denies transactions to gambling sites. Visa Vanilla and Green Dot credit cards DO NOT work. Be sure to take this into consideration if you decide to deposit with a gift card.
Bank Transfers, Electronic Transfers, Cashiers Checks, etc Most sites also have alternatives to the funding methods mentioned above. These are often in the form of electronic wire transfers, cashiers checks, or money orders. Each site varies, and sometimes require minimum/maximum transaction amounts differing from e-wallets and credit card transactions. Each site is different in their options, so check with your preferred outlet before considering this option. Things to remember If you deposit with any credit/debit card, you will probably need an alternative method for cash-outs. Since many betting sites offer checks and wire transfers, you can easily fund with a credit card without having to sign up through an e-wallet...though signing up for an e-wallet should be a method to mull over when funding your account. One e-wallet account can fund more than one site so long as the respective sites accept the same e-wallet. Last, but not least, protect your money! Follow the same guidelines you would for other online transactions, and be sure to do your research before placing your bet!
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