Funding Options for Online Poker

There are multiple funding options for players to choose from at just about every Internet poker site. Each option caters to different needs and the variety of options available should accommodate the large majority, if not every Internet poker player's needs. Funding options of Internet poker sites will possibly have fees associated with the method being used. This varies from one method to another. Fees can also vary depending on the online poker site being used. The most commonly used types of funding options for Internet poker sites are credit/debit cards, bank transfers and e-wallets.

Credit/Debit Cards

Credit and debit cards are the most widely used funding option for Internet poker. This type of funding option is the simplest and players are given instant accessibility to use the funds. Players will only need to enter their card information and the deposit amount at their selected Internet poker site. The deposit will be processed in a matter of seconds and the player can begin playing real-money online poker. Most online poker sites save the payment information to make the deposits even simpler for the future.

U.S. players that are worried about making deposits using this option because of the UIGEA legislation in 2006 should not be concerned. Most Internet poker sites are now using tested and approved third-party payment processors. Visa and MasterCard are accepted at almost every Internet poker site. Diners Club is accept at a handful of sites and American Express is accepted at a couple.

Bank Transfers

Bank transfers are another funding option for online poker players. This option allows players to have the funds taken directly out of their personal bank account. The most commonly used form of this option is eChecks. An eCheck is similar to writing a paper check, except eChecks can have funds come out of a savings account as well as a checking account. The advantage of using eChecks is the instant access of funds despite the fact that the funds have not been taken from the bank account and will take a couple days to fully process and clear.

E-Wallets

E-wallets are funding options that seem to be getting used more often by Internet poker players. These accounts allow players to manage their money online, purchase things online, send money to other users/people and handle every aspect of their Internet poker banking. E-wallets are usually free to handle deposits and withdrawals between the online poker site and the e-wallet. Because of the lack of fees, e-wallets have become a viable means for players to shuffle their bankroll around if they play at multiple Internet poker sites. Some of the most commonly used e-wallets include Neteller, Click2Pay, EwalletXpress, Moneybookers and Paypal.