Money Transfer: Moneybookers and NETeller 3b4x1t

There are many options to deposit real money to poker rooms, such as credit cards, bank transfer, uKash, Webmoney, Paypal and so forth. To withdraw money, poker rooms usually offer fewer options. In addition to the disbursement to the bank , almost all poker rooms offer the option to cash out to Moneybookers or NETteller. If you are a serious online poker player who wants to withdraw his winnings, you should consider opening s at Moneybookers and NETeller.

Online Payment Options 421u1m

Moneybookers and NETeller are online payment systems. Their advantage is that one can transfer his poker bankroll cheaply or for free between different poker rooms. Another advantage is that the money transfer happens almost instantly, in contrast for example to a bank transfer.

Moneybookers is a leading international online payment system and is subject to the laws of the United Kingdom and the EU, and the regulation of the Financial Services Authority (FSA).

NETeller is the leading system for the processing of online transactions. It is also approved by the FSA and has a track record over more than ten years of operations.

Real Money Transfer Options for Poker Players 6o4ty

We have illustrated the different options on how to transfer real money to and from poker rooms with the following reference:

(0) This is the classic option for people who play only at one poker room. You deposit money at the poker room from your bank (or credit card company), and you withdraw your winnings to your bank later again.

(1) If you want to play at a new poker room, for example to grab yourself a nice poker bonus , it is not possible to transfer the money directly from one poker site to another poker site. A fast alternative to the transfer by bank is Moneybookers or NETeller:

(2-4) You open a free at Moneybookers or NETeller, deposit money from your bank (2) or from your poker (3) and transfer it within seconds to a new poker room (4).

(5) You can withdraw your winnings with the help of one of the two online payment services.

(6) Please note that a direct transfer of funds from NETeller to Moneybookers or vice versa is not possible, you must make the detour “bank ” or “poker room”.

Advantages and Disadvantages of Moneybookers and NETeller w1

Advantages

• Once a free is opened, the transfer of money is fast
• There are no maintenance fees for regular s
• The transfer to and from online poker rooms is free or restricted to a small fee
• The NETeller card offers almost a direct access to your poker winnings, as you can use it to cash out money at ATMs

Disadvantages

• Withdrawing money to your bank is not free
• Since you usually play for US-Dollar in poker rooms, you may incur some exchange rate fees if you live in a country outside the U.S., e.g. UK or Australia
• Although the money is kept safely at both Moneybookers and NETeller, they do not pay you interest on your funds (same problem as with online poker sites)
• For security reasons, many poker rooms allow withdrawals only to that from which the deposit has been made. This prevents someone hacking into your and cashing out your bankroll to his own Moneybookers or NETeller . This restriction however also applies to payment by bank

Recommendation regarding Moneybookers and NETeller for Poker Players 4t254h

If you play at more than one poker room, we recommend you to open at least a NETeller or Moneybookers . These s are free for regular s. NETeller has the great advantage that you can have direct access to your funds at ATMs with the NETeller Card.

If you live outside the United States, you can also open two s. For example, one at Moneybookers in US-Dollars. With this setup, you can avoid paying fees for currency exchanges by using your Moneybookers to transfer your bankroll quickly and for free between different poker rooms.