There are many e-wallet payment solutions available with the 2 most popular being Moneybookers (Skrill) and Neteller, however although being a great banking option for online poker players they are not available for US players. They are popular with millions of players outside the US and provide a safe, secure and swift depositing and withdrawing option that allows players to transfer money without their credit card details being entered at the poker rooms cashier.
How to use an E-wallet Solution
E-wallets such as Neteller and Moneybookers are very simple to use and first you must open an account with the payment service provider of your choice and this is a simple process with only your basic details being required, with the most important being your email address. Once the e-wallet account is opened it must be funded and there are a number of ways in which to do this with credit and debit cards being the most popular choice, however bank wire is also popular. Once the account is funded you may send and receive funds to any business or indeed person that also uses that particular solution, and almost all non US poker rooms will accept both Moneybookers and Neteller.
Depositing into your poker room is simple and once you are logged into the poker software then you’ll need to head to the cashier. Once in the cashier then click on the option of choice and you will be prompted to enter your details. The process is slightly different with each solution however your email address is your primary identifier and this will always be required. Once your details are entered and you have submitted the deposit then your online poker account will be funded instantly as long as there are sufficient funds in your e-wallet account.
The Benefits of Using an E-wallet Solution
There are many benefits of using an e-wallet solution and many players use them for the security, especially when they play poker at more than one room, as only an email address is required to transfer funds, and no credit card details are entered at the poker room. E-wallets also offer much higher depositing and withdrawing limits and when moving large amounts of money they are far more flexible than credit cards, and money may be transferred quickly and easily into your bank account. When depositing there is also a zero chance of a decline as long as there is sufficient monies in the e-wallet.
E-wallets do offer a great solution for non US poker players, however for US players the best option by far is to use a major credit card such as Visa or MasterCard.