Top Five Ways To Pay When Playing Poker Online

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While poker is a luck-based game, out of all the gambling games, it’s the one with the highest dependence on skill. This is why you have people who play poker professionally and make a living this way. This is why you have the same people winning tournaments year after year.

Such a thing would be impossible to imagine in roulette or slot machines.

The difference, however, lies in learning the game mechanics and mastering various strategies. With poker, all you need to understand is how multipliers work (online, you even have this displayed so that you don’t have to calculate independently).

Now, while online and offline poker rules are the same, bluffing plays less of a role. Most of the time, you won’t be able to see your opponent’s face, which means that you can’t read their non-verbal communication to know when they’re bluffing. They can’t do this to you either.

Nonetheless, it’s still poker, so if you need a space where you can practice to win next year’s WSOP bracelet, it’s as good a place as any.

So, you must find the right site to play poker, learn the basic rules, and find the best way to pay. Speaking of the latter, here are several suggestions, along with their pros and cons.

1. Debit and Credit Cards

The majority of people use debit and credit cards when paying online, to begin with. This is why most online poker sites accept this as a default payment method. In other words, this is the most familiar and the most convenient payment method. The speed of the transaction is usually immediate.

The problem is that some credit and debit card issuers may restrict the use of their card for online gambling transactions. So, you need to start by checking this out.

On the other hand, many credit cards offer reward programs for purchases, and these online poker-related payments may qualify.

The record of transactions is clean and transparent, but the biggest advantage of this method is probably the fact that, on debit cards, you can only use the money in the account. So, if you register a new account and deposit a specific amount, you’ll have a much easier time sticking to the budget. This is a bigger challenge than expected, and the smartest players create these physical limitations as failsafe.

2. Cryptocurrencies

Many people highly value anonymity and privacy when paying for online poker sites. Both of these aspects are what cryptocurrencies excel at.

Since online payments are their primary purpose, cryptocurrencies exist to protect your funds from hacking (through blockchain technology).

In many world regions, the only way to legally play poker online is if you find an offshore site. This is how this regulation works – even if gambling is illegal in your region, as long as the site is not hosted within the country, it operates in a legal gray area. Needless to say, cryptos are second to none when it comes to international transactions.

You don’t have to restrict yourself to paying with major cryptocurrencies like Bitcoin. Instead, you can look for even more obscure crypto payment methods like meme coins. These coins are volatile by their very nature, and if you succeed in finding the meme coins that will explode in the nearest future, you’ll find a great way to get paid and invest simultaneously.

3. E-Wallets

Sharing your credit card number is not a thought that many people are comfortable with. On the other hand, this is a step that you can just skip as long as you’re willing to pay with an e-wallet. This way, you’re using a digital intermediary, which makes the situation much safer on your part. Paying without revealing too much personal information is exactly what most people are looking for when interacting with poker sites.

Because many people share the sentiment from the previous paragraph, most online poker sites support e-wallets as a potential payment method.

From a technical standpoint, these wallets are fast and reliable. More importantly, because of their purpose, most e-wallets have additional functions that enable budgeting and spending control. We’ve already discussed why this is important when gambling.

Like with credit cards, your e-wallet may have a rewards program. This means that you can potentially get some of your money back, even if your poker games don’t go as planned.

4. Prepaid Cards

A prepaid card is not directly tied to your bank account or credit card. This makes it one of the safest ways to pay online.

Budgeting control is also incredibly simple. On a prepaid card, you must load certain amounts of money. This will help you manage your funds to avoid overspending. One may argue that paying a bit more is not that hard, but adding just one extra step can change more than you expect.

Many people find that keeping their gambling and regular funds separated is a top priority. It’s hard to argue against this logic.

While most people fixate on the fact that your accounts and prepaid card are separated for the sake of the safety of your funds, the reality is that it also keeps your personal information safe. Your account also has your address, full name, and more information. With a prepaid card, you’re keeping it all separated.

5. Bank Transfers

The main reason why so many players prefer bank transfers is because they have high transaction limits. Some players spend big. Everyone knows about casino whales, but many people believe these whales prefer playing in real-life casinos. This is not necessarily the case.

Another thing to understand is that this is a familiar form of payment. It’s widely accepted, and it’s familiar to anyone. You’ll have difficulty finding an online poker site that won’t allow a bank transfer payment.

Also, because there’s no intermediary, it’s not uncommon for a bank transfer to require a lower fee.

The downside of a bank transfer is that it may take more than some other methods. It will take longer for a bank payment to be processed (compared to e-wallet or crypto payments). Still, it’s not hard to see why many people prefer this method.

*Photo credit: Unsplash

 

 

 



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