Online Poker Deposits

FAQ

What payment methods allow poker transactions?

Poker transactions are allowed using most payment methods that you are probably familiar with, including credit cards, debit cards, prepaid cards, cash transfers and bank transfers, and using e-wallet sites like Paypal. Since online gambling is legal to play in Canada, but it is not legal to operate a gambling site, the thing you should be looking out for is fees and rules associated with international transactions. Most poker rooms you will play at will be operated in foreign countries, so make sure that whatever payment method you choose to use allows international payments. A lot of the time they will charge a fee, so shop around to make sure you are paying the lowest fee possible.

Can these be used at most sites?

Yes, this is because most poker gambling sites want to attract as many customers as possible. By offering a wide range of payment methods that are allowed for deposits and withdrawals, they ensure that no customer will be left out because they do not have the right type of account. If you want to find out which payment methods are available at a site (it is smart to do this before you create an account, it saves you time and hassle), it is a simple thing to do. Just go on to the site's home page and they will either be listed right there on the first screen you see, or they will have an easily accessible link to payment information. If this information is not easily accessible think about choosing a different site.

What method is recommended for Canadians?

As we mentioned above, Canadians who gamble online are most often going to play at internationally owned web sites. Because of this, Canadians should choose sites that have the lowest fees for international transactions. It is a little more complicated though, because depending on how often you want to play and how much you usually bet, you will find that different fee structures work better for you. If you play very often and are going to be making frequent withdrawals in smaller amounts, pick a site that has a low, percentage based fee. This way you won't be paying very much per transaction. If you are a high roller and are going to make less frequent withdrawals but in greater amounts, it pays off to go with a payment method that uses a flat fee per transaction so that you won�t have to give up a large percentage of your winnings.

Which is the safest?

All of the payment methods we have described are incredibly safe to use when you are gambling online. Credit and debit cards, as well as direct bank transfers, are backed by large banks who take security measures very seriously. Casinos also get certified by third party services such as eCOGRA to show that they keep all of your banking information completely safe and secure. Cash transfers are also very secure because the number you receive to use online is a onetime number only, so it cannot be used to access any of your accounts. Just make sure to keep the number safe until you use it. E-commerce sites are also super safe because they provide a wall of protection between your transactions and your bank accounts.

Which ones are the quickest for transactions?

E-commerce sites and e-wallets are by far the fastest payment method when it comes to deposits and withdrawals. Electronic transfers from sites like Paypal and Skrill happen instantly, whether you are sending or receiving money. You may have to wait a few days when it comes time to transfer money from your e-wallet to your bank account, though. Even so, you can use the money while it is still in your e-wallet to make online purchases. Other payment methods are not nearly this fast. Banks have to go through a long verification process before authorizing withdrawals using credit cards, debit cards or bank transfers. Cash payments require you to visit an in person store location or ATM, which is the slowest method of all.

Should I use a credit card if possible?

Whether you use a credit card is a matter of personal preference, because there are both benefits and disadvantages to this payment method. For payments, nothing is easier and faster than a credit card. All you have to do is enter your card number and you are set. For withdrawals, it is another story. Accepting payments from international sites can often put a flag on your account, which requires a phone call to your bank to sort out. You also have to go through a lengthy verification process with the casino and the bank to make withdrawals. This can take days, or it can even take weeks to accomplish.

What fees are involved?

Fees depend entirely on which payment methods you use. Usually banks will charge a withdrawal fee much like an ATM charge for using bank transfers. There is usually no fee for using credit or debit cards, though there can be a long delay due to security verification processes. E-wallet sites charge a larger fee because they offer greater flexibility and speed in payments. To a lot of people this fee is worth the savings in time and hassles, especially if you are a frequent player and you want to get your winnings as quickly as possible.