GETTING FAST PAYOUTS IN POKER ONLINE
If you're a consistently winning online poker player in the USA, or perhaps keen on playing to trigger welcome bonuses, then it's vital to be able to easily and quickly cash out your money from a poker online site. Everyone hates delays and more to the point, the longer the delay the greater the worry that your booty will never see the light of day!
For both US based poker rooms and US facing foreign websites, fast payments can be made in as little as 5-7 days via Check by Courier, Money Transfer (Rapid Transfer is faster, but has an $800 cap,) and bank wire. A reasonable expectation for a fast poker payout is under two weeks. Check with your chosen poker online site to see what the average time - and cost - for a payout via each method that they use will be. Better still - use our expert guide to point you some of the top Internet poker sites.
At PokerOnline.us we have found the best online sites that offer fast cash payouts:
- The quickest payouts and smoothest payment processing
- Providing a comprehensive variety of deposit and withdrawal methods
- The safest and most secure online poker sites
THE PROBLEMS FOR US PLAYERS OF POKER ONLINE
The primary issue for Internet poker players in the United States is that they cannot deposit, and then receive, cash directly into their bank accounts for wire transactions listed as "gambling" due to legal statutes set out in the Unlawful Internet Gaming Enforcement Act of 2006.
This means certain banks' wire transfers, Western Union, PayPal and other direct-to-you payout methods aren't viable resources. Because of this, quick payout poker sites need to use third party processors, check couriers, or wire transfers, to comply with the law. This may add a layer of cost and some time to US payouts.
HOW DID UIGEA PLAY ITS PART?
The Unlawful Internet Gambling Enforcement Act (UIGEA) rendered it illegal for US financial institutions to facilitate payments between USA residents and offshore online gambling sites. It does not make playing poker online illegal, rather the language of the UIGEA cuts the legs out of the direct processing of payments to players' bank accounts and direct deposit of funds onto poker sites.
In essence, it tries to take the money out of Internet gambling in an effort to "stop money laundering to terrorist groups." This forces those companies that stayed in the market to work with third party groups to process poker payouts, causing that layer of cost and delay.
TESTED BY EXPERTS
All of PokerOnline.us' recommended Internet US poker rooms have been tested by our in-house team of keen US online poker players to discover who has the best record on fast payouts for poker players. Trust us to find the quickest cashouts and widest range of banking options. We find the top sites so you won't be hanging around for your money. We have also tested how fast the poker online site payouts are for triggered welcome bonuses so you can deposit in the safe knowledge that your cashout will be swift and secure.
Can I trust fast payout poker sites to pay me out?
In a word, yes. Poker rooms with the quickest payouts depend on your loyalty and return business to have a profitable business. The money made out of a few quick scams can't compare to the money made from thousands of happy repeat customers. While fraud is always an issue to be aware of, it is literally a case of killing the goose that lays the golden egg for an online operator to steal deposits or refuse payouts.
What about those that didn't pay out after Black Friday?
Full Tilt Poker's issue was one of uncovering horrible accounting practices, while Ultimate Bet was the rare case of chasing down international fugitives to begin the process of eventually repatriating or refunding lost cash. Eventually PokerStars, who is in the process of repaying US players, bought out Full Tilt Poker. Ultimate Bet's case (Cereus Gaming) might be resolved in the future, but for now serves as the "worst case scenario." Current poker websites are using this as a learning experience and an example of how not to operate.
Are these poker sites breaking the law?
The UIGEA made it illegal for US banks to handle payments between residents of the USA and offshore Internet gambling sites. It does not make playing poker online illegal. By using third party processors and alternative methods to receive and deliver money, current US facing rooms believe they are not violating the terms of the UIGEA's statutes.
What are the best withdrawal methods for US players?
Check transfers tend to have the lowest minimums, but will have fees of around $50 to have them couriered to you, as they can't be delivered directly by regular post or parcel services. Money Transfers (provider varies by from site to site) have $100 minimums and maximums of around $2,000, but charge steep minimum fees and 10-20% sized fees thereafter. Rapid Transfer, where available, has cheaper fees, but a maximum of $800 per withdrawal. Bank wires, if available with your bank, are processed as foreign currency (which may create extra fees) and cost around $50 each.
Each poker room has different fees and timelines for each payout method. Some, like Bovada, will give one free cash-out per month with certain methods. In the end, choose the top poker online site that gives you the withdrawal amount you want and the quickest online poker payout you need at a cost that won't crush your bankroll.
Discover the top 10 tips for getting more out of every online gambling site, no matter what kind of bankroll you have.
Some sites are great. Others? Not so much. We’ll point you in the direction of the safest online gambling sites.