Neteller

Many poker players use an online bank account from Neteller to arrange payments towards and from the poker sites. Neteller is a Canadian Internet bank, which is quoted on the stock exchange. All poker sites accept Neteller and almost all winning poker players use Neteller to cash-in their earned money with the use of their own Neteller-Bankcard.
Besides that, Neteller is also the solution for people who do not have a credit card to deposit money to their poker-account.

Registration is rather simple and almost fully automatic. First go to Neteller com. Within minutes after you have filled in all the required information (including your passport number) you will be called by an employee of Neteller for confirmation of your identity. After this phone call you will directly receive an email confirming the approval of your application. Once you've received this email you can start using the account. In most cases Neteller will also ask you to additionally mail or fax a copy of your passport for a definitive confirmation of your identity. We admit all this means some effort, however it is certainly worth it. Besides, keep in mind that if you want to open a bank account in your own country, it will also require more than just filling in your name on the Internet. Take into account that the whole process of getting the Neteller account might take a couple of days.

Neteller provides several types of bank accounts depending on the maximum amount of money you want to have accessible on your Neteller-account. In case you choose a "premier account" Neteller will also send you a personal bankcard to your address. It works just like a normal bankcard, allowing you to make payments or withdraw money from an ATM (provided that you have money in your account of course).

If you want to be able to transfer money from your (normal) bank account to your Neteller account and vice versa, you firstly need to get your bank account registered by Neteller Neteller will arrange this by depositing a small amount of money on the bank account you want to get registered (this might take a couple of days). After that you have to inform Neteller about the exact amount of this deposit. Once Neteller has received this confirmation you can start transferring money back and forward.

Of course Neteller does not work for free. They charge a small amount or percentage for each transaction made between your Neteller account and a normal bank account. Transactions made between Neteller accounts is for free (of course only when both Neteller accounts are in the same currency). However, in case you earn (or plan to earn) money with online poker, you in fact need a Neteller account. Especially if you play poker on more than one poker-site or if you want to cash out earnings fast or often.

www.Neteller.com