Online Poker Room Payment Methods
All online poker rooms with a quality reputation will offer a secure and safe experience to their players, especially the successful ones. They will have an extensive list of positive reviews from the many online players who have used their site. Additionally, they will offer extensive payment methods to ensure players that every transaction is secure when the monies are deposited into player accounts and withdrawn as winnings.
Typically, withdraws and deposits are handled almost identically, via a secured, protected method. This naturally benefits both the online poker room operator and the people who play on the site. Many online poker rooms have partnered with leading financial payment processors as a way to guarantee that all transferred funds to and from player accounts are performed securely and quickly.
A Secure Network
A reputable website will adhere to all of the standards, rules and regulations that provide security, integrity, and complete privacy of all financial tracked sessions between you and the online poker room. Usually, all transactions of a financial nature will be performed using a secured network system that is supported by 128-bit encryption.
Using SSL (Secure Socket Layer) Advanced Technology, all transactions are secured and M5 encrypted so as to safeguard data transfer. This type of encryption is used all around the world, for any secured transaction, when purchasing groceries at the supermarket, or paying for a bill online.
Want to learn more about online poker room security? Have a look at some of the articles written by our resident cyber-security expert, Eddie Harari.
A reputable online poker room will offer numerous deposit options, which are usually dependent on exactly where you reside. Credit cards (MasterCard, Visa, American Express, etc.) are often accepted. Other deposit methods include, but are not limited to PayPal, Click2Pay, Moneybookers, Use My Wallet, NETeller, eCheck, and more. If you live in Nevada, WSOP.com even allows you to make a deposit with cash at one of the Caesars hotel properties.
Generally, online poker rooms require you to first download the software before making a deposit. Sometimes a cash transfer or credit card transaction can take quite a while to be verified and processed. The minimum amount that can be deposited into an account varies by the online poker room.
Playing poker online isn’t just about depositing, of course, but also about withdrawing (assuming you actually win at cash games and tournaments from time to time).
Once you’ve accumulated some winnings you’ll likely want to withdraw your money. The same technology that was used when delivering the initial deposit money to your online poker account is used in reverse, when you make withdrawals.
Any withdrawal option will depend on the particular online poker room where you opened an account. More than likely, the variety of options will be determined by your location. Whatever payment method you select will also be one of the determining factors in terms of exactly how long it takes to receive cash in hand.
Before ever signing up for a new account with an online poker room, it is important to understand the payment and withdrawal methods available. It is essential to find out exactly what processes are involved when cashing out, and whether or not the online poker room will charge you a fee to withdraw the funds.