Online poker has come a long way, as there are numerous options we can use to make deposits and withdrawals to and from online platforms. Players in the US have an opportunity to choose from a wide variety of payment methods, including e-wallets, credit cards, cryptocurrencies, and even bank transfers.
Before we list some of the most popular payment methods, let’s first take a look at what you need to take into account when making a deposit or withdrawal.
What To Take Into Account
All payment methods charge fees for transactions, so it’s always wise to check out how much you will be charged in case of depositing to the online poker site.
Moreover, poker sites, as well as payment methods, have upper and lower limits. For example, if the upper limit is set to $1,000 per transaction, you will not be able to deposit or withdraw more than that. Therefore, make sure to check limits as well.
Finally, you need to take into account the speed of the payment option of your choice. Some payments are instant, while some methods take more time.
Credit cards are the most popular payment method on poker sites, as the majority of platforms support them. They are fast, instant, and charge small fees for the service, and that’s why a lot of players prefer using them.
Apart from credit cards, many platforms also accept debit cards, and any other type of payment card, for that matter. What you need to make sure is that you have a type of card that is supported on the platform. The majority of US poker sites support Visa, Mastercard, and American Express.
E-wallets such as PayPal, Skrill, Neteller, and more are also very popular when it comes to making online payments as they are very convenient. You can literally make one-click payments, which are instant and have very low fees.
Bank transfers are perhaps the oldest payment method out there. However, they are slower compared to e-wallets and cards and usually charge more.
On the other hand, this method of money transfer is perhaps the safest one out there. Therefore, if you don’t mind waiting, you may consider using this one.
Cryptocurrencies are fairly new, but many online gambling platforms have already introduced some of them — mainly bitcoin. BTC’s biggest advantage is that it’s a safe and secure payment protocol that charges minimal fees.
The only disadvantage of cryptocurrencies is that they are still highly volatile, meaning their value changes a lot almost every second.
These four types of payment methods are the most common options used by poker players. Once you select your preferred option, make sure to check out the minimum and maximum limits, as well as the time it takes to process the payment.
As soon as your deposit lands to your balance on the poker platform, you will be able to enjoy your favorite poker games and tournaments and use the money you deposited to place bets.
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