Online Poker Funding
January
14, 2010
The online gambling
community is still trying to find a way to turn over the Unlawful
Internet Gambling Enforcement Act, or UIGEA that was passed in 2006. The
deadline for implementing online gambling regulations may have been
postponed, but not indefinitely. Rep. Barney Frank is still working to
get the UIGEA overturned, but as of now there is nothing they can do. So
what does someone do who wants to participate in online gambling but
doesn’t know how to get their funding through?
According to experts there are still ways of getting what you want. You
can use credit/debit cards – but it depends on the online gambling site
that you go to. Almost all of them take Visa or MasterCard but some
block those transactions if you are a US resident. The same for the card
issuers as well, some will allow the transaction and some will not.
There are also e-Checks which let you deposit money electronically in
your account with the online gambling site. It seems like a check but it
is very similar to a debt from your account as you would with a card.
There are also e-Wallets which have been around since before the UIGEA
was passed and many online gambling poker players have found this to be
the best way to go about it. You take money from your bank account and
transfer it to your e-Wallet. You can then transfer money from your
e-Wallet to the online gambling site.
Some of these e-Wallets charge some hefty fees though, so take care as
to who you use. You can also use Western Union or MoneyGram to wire
money to your account with the online gambling site – but there are fees
associated with this as well.
