Deposit Methods

I see so many questions about deposit methods. Recently, I foind a brief summary of each deposit method that might be useful for some newbies who are trying to decide which method to use. I might also be good for reference. Here you Go:


With Mastercard® declining gambling charges and Visa® doing the same players have had to find alternative methods to make deposits and withdrawls into and out of their casino accounts. Paypal® has recently pulled out of this market with their being bought out. Finding the 'right' new cash processor can be a daunting task. There are many in the market and new ones opening up seemingly every day. Some will survive and some will not. You will need to be careful and try those that fit your needs and offer services to the poker rooms you wish to play.

Below is a list, albeit not all inclusive, of some of the cash processing companies available today. Not all poker rooms accept all of them so you will need to check each of them out.

Many online poker rooms are offering some very nice extra bonuses for using the new funding options to give players an incentive to make the switch. Be sure to check out the poker rooms promotion page to find out what they are currently offering.

We will stress here, CHECK THEM OUT. Ask your friends. Talk to their and the poker rooms customer service to see if the service offered fits your particular situation and of any problems can be expected. Try them with SMALL deposits and withdrawls until you are comfortable with their service. CHECK for fees. Some of these places have reasonable fees and some do not.

READ the Terms and Conditions before signing up with any ecash processor.





NETELLER

If you are serious about playing or you plan to play often you NEED a Neteller account. It is accepted by EVERY major poker room online and is the main payment method currently in use. NETeller provides the fastest and most secure way to transfer cash online. NETeller provides same-day payments and virtually instant cash transfers. You pay no charges for transfers to and from Merchants.

CLICK2PAY

Click2Pay is one of th enewest and fastest growing payment methods available to onlinew poker players. They are accepted by more rooms and online casinos every day and offer you a wide variety of deposit and funding methods.

DUOCASH

DuoCash is the world's first payments processing and clearing network to enable Internet purchases through the use of prepaid phone cards. Through its partnerships with leading telecommunications companies, prepaid phone card manufacturers, and premium Internet companies, the company extends the previously inaccessible $5.2 billion stored on prepaid phone cards to the electronic payments marketplace. Cards are available in $20, $50, and $100 denominations.

FIREPAY

FirePay is a free web-based cash account. You can fund your FirePay account directly from your U.S. bank account, and immediately pay with the deposited funds. FirePay is always free for consumers. It's free to sign up, free to fund, and free to use.

MONEYBOOKERS

A new comer that is gaining fast acceptance due to it's regulation by the UK government. Moneybookers enables any business or consumer with an email address to securely and cost-effectively send and receive payments online, in real time.

PREPAIDATM

PrePaid ATM is the only ATM Card that is not tied to a bank account. You can use your PrePaidATM Card at thousands of retail locations nationwide or wherever debit cards are accepted. In addition, you can receive funds at thousands of ATM machines worldwide.

900PAY

900pay ( also called TeleBuy and NavahoPay )is really two deposit methods in one. Depending on the amount you want to deposit, you can either use 900pay to charge the amount to your home phone bill, or TeleBuy to transfer funds from your checking account to your casino account. You do not need a credit card to deposit funds using TeleBuy/900pay.

EVO CASH

A new payment processor that accepts funding via a wide range of sources including, Bank Transfers, Check/Money Order, Western Union & MoneyGram, Paypal, Hyperwallet, E-Gold, NetPay & E-bullion and many others.

YOUR TELLER

Your Teller provides users with a secure deposit method that is quickly becoming a leader in online merchant banking. Your Teller issues you a virtual credit card that you can use to fund your casino account, and is one of the most simple and convenient online deposit methods available in the world today

CENTRAL COIN

Central Coin is a personal payment account that can you fund without having to pay additional service charges. Central Coin connects internet users and merchants by providing a quick, secure and reliable system to transfer cash over the internet. There is no need to worry about revealing your credit card to any online merchant. You can fund your Central Coin account with your Visa or using the new E-Check feature, from your bank account.

SFPAY (formerly FIRECASH)

SFpay is completely free for consumers. Formerly FIRECASH they allow various funding sources to your account.

CITADEL

Citadel is the name of the latest system to transfer funds to online casinos. The Citadel System enables you to send electronic checks to be deposited into your casino account. However, in order to use Citadel as a purchase option, you must have a checking account with a financial institution in the United States.

WESTERN UNION

Using the convenience of the Internet, Western Union lets you transfer funds online to anyone, almost anywhere in the world, using your U.S. bank issued Visa or MasterCard credit or debit card.

WEB DOLLAR

WebDollar brings safety and security to the Internet by enabling secure credit card and electronic transactions. All transaction information sent through the Internet is safeguarded by a reliable encryption technique based on complex mathematical algorithms. Generally used at Boss Media casinos.

CENTRAL DEPOSIT

Central Deposit processes their customer's online purchases, the same way they would honor cash, credit cards, and debit cards in a store. All processing transactions are cleared through the management and services of Central Deposit Corp,. Limited of Dublin Ireland.

GAMING CARD - ( Currently Microgaming casinos only and only by invitation )

ACH - This is a direct transfer of cash from your bank account to that of the casino.

Direct Bank Transfer

Some casinos will allow you to add credits to your account using a bank transfer. To do so, you simply need to contact the casino by phone or by email. They will then provide you with all the details you need to initiate a bank transfer from your bank account to your casino account.

There really is only one choice and that is Neteller far and away the best gambler online wallet.
http://www.cardschat.com/introduction-to-neteller.php

Just for the record, Firepay is not free. There is a charge of about $3 to move money into your account from a bank/checking acct.

I take it so Xd that you use Neteller. I figure that its time that i set up an account. The one thing that i feel im missing out on is the re-load bonus on several of the sites i play on. So I wonder if its possible to set up a neteller account and transfer most of my bankroll onto it ?? Now considering that most of my initial deposits were mastercard ones would it be worthwhile emailing support on all of the sites first.

What are the charges like XD ?

Thankyou T1 very very helpful!! Lots to chose from!!

Can anyone confirm whether you end up getting hit by currency conversion with Neteller - I've recently starting using a Neteller account (in £ sterling), and the payments in dollars into Neteller seem to have been at approx 1.78 dollars to the pound, while outgoing was 1.73, which would lose about 3% in a round trip - does anyone else have any information about this?

Exchange rates vary a bit. As far as Neteller fees there really aren't any. I keep almost my entire bankroll in Neteller as apposed to the sites. I get attitude from some sites because they want you to leave the money with them but with being a yank I really feel it is just a safer bet to keep the roll in Neteller and make deposits as needed.

I use western union or money orders dont trust credit cards

Nice post t1riel, but you could have added "Netteller owns all the rest of these things" somewhere.