Money transfer services are used by many people around the world to pay bills and to transfer money to family and friends. Money transfers can be ordered at most major retail locations or online, which makes it a convenient option for funding an online poker account. Most US-facing poker sites are happy to accept deposits via money transfers because the cost of the transfer is bourne by the player ordering the transaction.
What are the Best Holdem Sites that Accept Money Transfer Deposits?
Although most US-facing real money poker sites accept this funding method, sometimes the option to deposit funds via money transfers is not displayed on the Cashier page. This may be because the site refers to money transfers by a different name (i.e. “Rapid Transfers”) or because the Cashier lists a money transfer service by a name you may not be familiar with. If it is not clear what money transfers services are supported, you should use the Live Chat facility to find out.
Can Holdem Players in the US Deposit with Money Transfers?
This is one of the most popular depositing methods available to players in the United States who are apprensive about transacting in cryptocurrencies. There is a 100% approval rate, which means you will never see the dreaded “declined” message like players whose credit card deposits are rejected. It has become very difficult for US players to move money to and from online poker sites, but this method provides a simple solution to that problem.
What are the Advantages of Depositing with Money Transfers?
Approval Guaranteed – Your deposits will not be denied when you choose method.
Reliable Funding Option – We have seen many funding options for online poker sites come and go over the years, but money transfers have always been reliable.
Available for Most US Facing Sites – US players have limited options when it comes to depositing and cashing out money from online poker sites. This is one of the few options that has consistently been available.
Easy Cash Out Solution – Once you have used this method to deposit, you will also be able to use it to withdraw your winnings. Once your deposit request has been approved and the transfer made, you can pick up your winnings in cash from a participating retail store or have them added to an online account from where you will be able to transfer them to your checking account.
What are the Disadvantages of Depositing with Moneygram?
Fees – The fees can be pretty hefty when choosing this as a funding option. We have found that it is cheaper to initiate the transaction at a local retailer than order a transfer of funds online. Walmart typically charges $4.50 for transactions up to $50 and $9.50 for transactions up to $900. The cost of online transactions vary depending on the amount you want to deposit. Some sites will cover the fees if you deposit $300 or more.
Funds Not Instantly Available – Once you have initiated the deposit process with this option it takes a little while before your money is received by the online poker site and credited to your poker account. It is usually completed within 30 minutes, but sometimes it takes up to a few hours before you will be able to begin playing.
Inconvenient – Most poker players do not want to have to actually leave their houses in order to go to a retail store in order to fund their poker account. Of course, it can be done totally online, but the fees are more expensive.
How Do Money Transfers Work?
If you have never before used a money transfer service to make a deposit in an online poker account, the following are the procedures you typically have to go through to fund your account. Please note these procedures may be slightly different when you go to make a deposit depending on the poker site or money transfer service you are using.
Contact Customer Support at the site you wish to deposit at and ask for their money transfer details.
Go to a participating retailer or visit the online site and provide the transfer details.
Initiate the transfer by purchasing the amount you would like to deposit.
Contact the poker site´s Customer Support with the confirmation number.
Most sites try to credit your account very quickly, but in some cases in may take a few hours.
Why Should I Deposit at Online Poker Rooms with Money Transfers?
This is one of the most reliable funding options available for players from the United States. Some sites will cover the fees if you deposit a certain amount so you should check with the site before you order the transfer. This can save you some money. Depositing with this method also enables you to cash out with this method. The cash out time is a lot faster when you choose this option than when you choose a paper check.