Understanding Casino Deposit Methods

So you’ve watched a couple of poker tournaments on television. You play poker often with your buddies. You consider yourself to be a knowledgeable poker player. You’ve been playing for years. You’ve seen a few online ads for poker. How hard could it be? You hear about all the incentives offered to play online and dollar signs start dancing in your head. Hold on, before your sign up you need to make sure you understand casino deposit methods for their bank account and yours.

Deposit amount

What is the minimum amount required to play? This could make or break the casino you choose. They might be offering a $1000 bonus incentive which definitely caught your eye, but the minimum deposit amount to qualify for th bonus might be higher than your initial starting amount.

Holding period

How long do you have to wait before your deposit payment clears? Some companies are similar to banks in that they have a hold period to clear funds. Checks will take a while to clear so this will delay your time to get started. But if that is your prefered payment, don’t let that deter you if the online casino has a good reputation amoung their players and a great bonus incentive.

Cancellation Policy

What is the casino’s cancellation policy? How long will it take for you to get your funds back if you decide to terminate your membership? Is there a penalty or fee involved? This also applies if you win money as well. How long until you get access to your winnings? And would there be a fee if you want a check mailed to you versus direct bank account transfer?

Payment methods

What forms of payment are accepted? Do they accept checks, credit or debit cards, e-payments, or bank transfer? If you are a citizen of the U.S. or Canada you might not be able to use your credit or debit card at your online casino. Make sure you read to uncover the payment options.

Playing Options

Can you play? I am not talking about whether or not you know the rules of texas hold’em. If you are a U.S. citizen you need to find out if it is legal to play in your state. Please, please, please make sure you really check this out. If you need to consult with a legal advisor it would be well worth it. You don’t want to get into any legal ramifications. It is always better to be safe than sorry.

Verification

So you do win some money what do you need to ensure that they will cut you a check and get paid? Do you need to have a driver’s license, or U.S. citizenship? Is there a minimum playing time that needs to occur? Or do you have to be a member for a certain time period? You don’t want to get your hopes up waiting on that big fat check when you might not have met the verification requirements.

As you can see there are many things to consider before you pick your online casino. As long as you read the fine print, read all the rules and regulations concerning casino deposit methods, and get with your legal advisor you shouldn’t have any problems.