While Options Are Limited US Players Can Still Reliably Withdraw Their Winnings - My Guide Explains How
Planet Mark's Preview: As many readers will know I'm an Englishman based in Europe - so to ensure I got this important topic right, this article was created by a US colleage who has experience in the poker industry dating back many years. Knowing you have options for withdrawals gives many players that incentive to grow their bankroll... the good news is that paper checks in particular are still a very reliable way of getting your profits into your bank!
Many of the online poker sites have pulled out of the US market. We are in hopes that online poker in the US will be regulated soon which will drastically increase the banking options. For now, we have the best sites that are still accepting players from the US along with the best ways to cash out your money.
This article will first outline the key options for withdrawing your money, after this I'll mention BetOnline Poker, who have the current best reputation for handling cashout requests (a little slow compared to the pre black-Friday sites, but a very reliable US-friendly outfit!)
Cash Out Options for US Players
If you have arrived at this page you’re either considering playing poker online, or you have won money and want to know how to cash it out. If you have won and need to figure out how to cash it out congratulations! We will help you find the best ways to get your money from your poker account to your bank account.
As we mentioned earlier the options for cashing out your winnings if you are located in the US are very limited. Due to the limited options cash outs for US players tend to take a little longer than the cash outs to players outside of the US. Please see the options below:
Paper Check Regular Mail – Withdrawing your money via check is one of the only options available to US players at most sites. The checks are mailed via regular mail which can be a timely process.
Paper Check Courier Mail – Many sites offer US players the option of having their check sent via Courier Mail. If this option is available your check will be delivered via Fed Ex or UPS. Some sites charge a fee for this service, but it is much quicker than regular mail. If you are in a hurry for your money then this will be a better option.
MoneyGram – Some US facing poker sites offer withdrawals via MoneyGram. The site will issue your money to MoneyGram, and you will need to go to a retailer that has MoneyGram available to pick up your money. There are fees associated with this withdrawal method, but it is very quick. Withdrawals via MoneyGram are usually available within 48 hours. If you need your money quickly then the fees are worth the speedy withdrawals.
Western Union – Western Union is another great withdrawal method offered by some US facing poker rooms. As with MoneyGram your withdrawal will be issued to Western Union. You will need to go to the nearest Western Union to pick up your money. You will be charged fees for this service, but the withdrawal time is usually within 48 hours.
Wire Transfer – This is a great option to withdraw your money, but very few sites offer it. Wire Transfers allow you to transfer your money directly into your bank account. Some sites charge a small fee for this service, but it is worth it. Cashing out via Wire Transfer is a very quick process. We recommend wire transfers if the site offers them.
Player Transfer – This is not actually an option listed as a withdrawal method, but many players in the US use this. Most sites offer player to player transfers. If you have a friend that plays online poker you could transfer money from your account to your friends account. Your friend could pay you the money that you transferred to him. This allows you to get your money much faster than any of the current withdrawal methods for players in the US.
Conclusion - Cashing Out from Online Poker for US
As you can see there are still ways to cash out your winnings, with paper checks being the reliable (if a little slow) option. The US government has made it more difficult to get money into and out of online poker rooms, but 1000's of US players are still depositing and cashing out on a daily basis. It may take a little longer to get your money than it did a few years ago, but rest assured that you will get paid.
US Poker Withdrawal Methods - Most Reliable Site
If you spend any time on poker forums, then you will be aware that some sites have a far better track record than others when it comes to processing withdrawals, bounced checks and speed (or slowness) of their communication for any issues. Some sites have issues at both ends - with deposits and withdrawals both potentially causing headaches.
One site stands out for successul withdrawals, the biggest singe US friendly poker site - BetOnline. Sure, checks can sometimes take a few weeks to process, however you can be sure they will arrive and they will not be bounced by your bank either.
SNG Planet readers can claim an big welcome bonus at BetOnline Poker, a 200% match on your first deposit up to $1k max. Not only will you find BetOnline are an operator with a great reputation for easy cashouts, they feature the softest games you can imagine too (thanks to the cross over traffic from their big sportsbook site) - click here to check out BetOnline Poker for yourself now!