It’s one of the go-to methods for online poker players, but why exactly should you consider making deposits and withdrawals using your credit card in the United States?
What are Credit Card Poker Deposits?
Using a credit card to deposit money onto a US poker site is one of the safest ways to manage your bankroll. Because credit cards offer a certain level of financial protect, you can often resolve any situations by simply contacting your supplier, usually MasterCard or Visa, and making an official report.
For example, if you found yourself playing online poker using a credit card and someone illegally accessed your account, you could potentially recover your cash with the help of a bank. The reason this is possible is because credit card companies have to abide by certain regulations. Therefore, when you play at one of our credit card poker sites, you can rest assured that your money is safe.
Credit Card Poker Sites – US
When considering whether or not to make your deposits and withdrawals with your credit card in poker rooms, you should keep in mind the following points.
- Deposit available? Yes (Depends on the individual poker room)
- Withdrawal available? Yes (Depends on the individual poker room)
- Money instantly available? Depending upon the transaction, yes. Deposits are instant, but withdrawals can take up to 7 days.
- Success rates? Inside the USA the rate is around 75% but raises to 100% outside of America.
- Associated fees? When using a credit card there shouldn’t be any fees for either withdrawing or depositing. There may be small differences in the amount in USD you withdraw and your own currency, but this is due to the currency exchange market fluctuating. This is out of the poker room’s control.
The exchange rate will be set at the time the withdrawal is processed by the poker site and set by the average market rate.
No Third Party Poker Deposits With Credit Cards
Another reason why poker rooms accepting credit cards have become popular in recent years is that you don’t need to use a third-party processor. By removing an additional hurdle in the deposit/withdrawal process, you can eliminate the added expense of handling fees. In fact, when you make a deposit at an online poker room using a credit card, you won’t be subject to transaction costs.
Moreover, the money is often transferred from your bankroll to your bank account in a much more efficient and timely manner. The ability to process funds, namely withdrawing them, in a more proficient fashion is particularly useful when you’re dealing with multiple currencies.
If you’re an American playing at a USA poker site then you will be playing in your native currency. However, if you’re based in the UK, for example, and are forced to play in USD, then you could be subject to conversion fluctuations.
How Do US Poker Sites Accepting Credit Cards Work?
In order to withdraw funds or deposit them, you can use your credit card by following the process below.
- Locate the cashier page on your chosen poker site.
- Choose “credit card” as the transaction method and then enter the amount.
- Press “deposit” and the transaction will be processed.
If you reverse the above process you are able to make a withdrawal, which can take up to 7 days to be returned to your bank account.
Online Poker Safety & Credit Cards
Using a credit card to play poker in the US can be somewhat tricky; however, in general, it’s a safe option.
The only reason players shy away from using credit card poker room options is that some US sites won’t accept this method. The fractured nature of the US online poker scene means that some operators will welcome deposits/ withdrawals from cards such as Visa, while others won’t.
This fact aside, all credit cards are extremely safe. Although there isn’t a third-party preventing access to your bank account, all credit cards are overseen by major banks. This means that you can often recover any refunds that are taken without your consent.
Poker players like credit card payments, as they allow for instant deposits and immediate access to funds at top US poker sites.
USA Poker Rooms that Accept Credit Card Deposits
Poker rooms within the US that accept credit cards can be hit and miss.
Due to the nature of the US legal system, regulations surrounding online poker are very complex, some operators are wary of accepting credit cards. This is not a reflection on the poker rooms themselves.
Our advice is to check out all of our top US poker sites and see which ones offer you a credit card banking option.