Playing Online Poker For Real Money

Once you have decided to play poker for money, you need to learn how to move your money around without paying any transaction fees, having long delays or having to worry about the security of your accounts.
There are many legal issues surrounding online gambling for money. Many big banks in the United States will not allow credit card transactions for any online gambling, including poker. As your credit card is most likely issued by a big bank, you will not be able to use it. Paypal is also unavailable for online poker. However, do not despair as there are other companies that will now provide this service. The most well-know and reputable of these companies is NETeller.
You should look carefully at the site you want to join before depositing any money. Many sites offer a bonus for players, but you are only eligible once. Many of these sites will also pay a bonus to the person who referred you to their site. This is a way for them to attract new players. Beware though – all of these bonuses have strings attached and it is worthwhile to know what they are before you sign up.
It is relatively easy to make deposits into poker rooms. Often the poker site will even cover the transaction fee for you if you use the right financial processor. You simply go to the cashier section of the poker client and follow the instructions.
The top poker sites will allow player-to-player transfers. That is, you will be able to transfer money from your account to another player’s account. This can help the new player get started while they set up a NETeller account for later deposits or withdrawals.
To withdraw money from your account, you also go to the cashier section of the poker client and you then request the cash-out amount. Some sites give you flexibility in terms of your cash-out methods. Others will require you to use the same financial processor you used to make the deposit for that amount of money and will give you flexibility for the remainder of the amount. Each poker site will have specific policies for cash-out amount and withdrawal frequency so you need to plan ahead.
There are good sites and bad sites in terms of withdrawals. Some sites will have minimal delay in transferring your money to you. They often do anti-fraud checks and may call you on the phone. After you initial withdrawal, there may be no delay for subsequent withdrawals.
Other sites will find any excuse to delay paying your money in the hope that you will cancel your request. They may have a mandatory waiting period or wait for you to call to complain before they process your request. They may require you to fax them copies of your credit card statement and utility bills as proof of who you are.
However, if you do your homework before starting to play online poker for money, you will find that your financial worries are minimized.

Related and similar