Gaming the Odds presents you with a guide to
US Poker Banking Options
Updated: 1st of April, 2012.
Only a Few Banking Options for US Players Exist
US online poker players have been left with only a few online poker banking methods. This is mainly because of the UIGEA (Unlawful Internet Gambling Enforcement Act). The UIGEA makes it illegal for companies to handle money transfers which deal with ”unlawful internet gambling”.
Since the UIGEA is an enforcement act, though, it doesn't directly make anything illegal, as some other law has to be violated in order to bring the UIGEA into the picture. If a business handles money transfers for the purpose of ”unlawful” internet gambling, the unlawfulness of the action depends on whether it, in fact, is ”unlawful”, which in turn depends on federal, state and tribal laws. If the transaction is ”unlawful” in a certain state, then the business commits a crime for handling the transfer.
The threat of handling unlawful transactions has forced many former US online poker banking options to exit the US market and therefore there are significantly less deposit and withdrawal options for US players than there were a few years ago, for instance.
04/01/2012: MyPaylinQ bans players from four states:
02/11/2012: PIC Club no longer an option at US poker sites:
12/28/2011: BetOnline's credit card deposit fees: