Tue, Jun 19, 3:18am by Mia Chapman
Last Updated Mon, Oct 7, 11:49pm
Most online poker players focus so much on trying to get funds onto a poker site that they overlook withdrawal procedures. Some poker sites have unnecessarily long wait times and procedures for cashing out your earnings. In fact, players have reported waiting as long as 3 – 4 weeks for payments.
Our goal with this page is to provide you with a list of the top poker sites with the fastest cash outs.
Fortunately, there are some really good online poker sites that offer fast withdrawals and easy cash out procedures. We’ve outlined the list below as well as provided a full comparison chart for you to be able to see what options are available to you and at what cost. Our list of the fastest paying poker rooms offer you the following:
While the number of poker sites open to Aussie players is limited in comparison to other countries, we thought it was important to compare the each sites withdrawal procedures as well as which method will get your money in your bank account the quickest.
|Poker Site||Withdrawal||Y / N||Min||Max||# Days||Fees|
|America’s Cardroom||Bank Wire||N|
|Moneygram||Y||$50||$299||1-2||$60 – $70|
|Ignition Poker||Bank Wire||N||N/A||N/A||N/A||N/A|
|Bitcoin||Y||$10||$10,000||12 hours||No fees|
|Cheques||Y||$100||$3,000||7-10||1 free /mth then $75 each|
America’s Cardroom is one of the most popular poker sites in Australia, offering an excellent variety of cash game and tournament action. They provide simple funding options along with fast withdrawals.
With that said, your options for cashing out at America’s Cardroom are limited. Due to regulations in Australia, the only way that players can cash out is using MoneyGram or with Bitcoin and cryptocurrencies.
MoneyGram cashouts require that you visit a physical MoneyGram vendor to receive your payment. You will need to take identification with you to collect your money.
Note that while you can make deposits at ACR using cryptocurrencies other than Bitcoin, you can only cash out with Bitcoin. Of course, you can always convert your Bitcoin to another currency or sell it for cash once you’ve received it.
Note that ACR requires a 24-hour processing period before funds are released to you. In most cases, you will receive your funds the next day.
However, ACR only processes payment requests Monday through Friday. If you make a request on Friday or Saturday, you may have to wait until Tuesday before you receive funds.
Ignition Poker is another poker room that has grown in popularity over the last few years because of their willingness to serve Australia, the United States and other areas where it is hard to find legitimate online poker sites.
Due to regulations in Australia, options for cashing out are also limited at Ignition. The only options for cashing out are via Bitcoin or a check by courier. If you choose to have a check delivered by courier, Ignition will send a check to your home by courier service, and you must be home to sign for the check when it arrives. It may take up to 10 business days to receive a check by courier.
Your other option will be to have your funds sent to you by Bitcoin. Just enter your Bitcoin wallet receive address, and you will have your funds shortly after the processing period.
Note that all withdrawals have a 24-48 hour processing time, but there do not appear to be any restrictions on weekend deposits. Also, you may only request one withdrawal every 90 days using Check by Courier. Additional requests will be honoured but at a fee of $100 per withdrawal.
You’ve noticed that the only payment option common among Australian sites is Bitcoin. Bitcoin is the premier cryptocurrency, which is a currency that operates and transmits via a blockchain. The currency’s value fluctuates based on current trading at exchanges around the world.
The reason behind the popularity of Bitcoin as a deposit option at online casinos and poker rooms is that there are few regulations behind the use and transmission of cryptocurrencies. Also, the transfers of cryptocurrencies are lightning fast, often completed and verified in a few minutes.
If you do not already own Bitcoin, you can look up online how to acquire Bitcoin and a Bitcoin wallet.
To make a deposit, send the amount of Bitcoin you wish to gamble with to the Bitcoin wallet address provided by the casino. Once the transaction has gone through a set number of confirmations, the deposit is available to use. This confirmation process often takes a few minutes to complete.
When you’re ready to cash out using Bitcoin, go to the Cashier section, select to cash out using Bitcoin and enter the receive address of your Bitcoin wallet. Unless your casino has a processing period, your payment will fully hit your account within a few minutes.
Some sites may accept other forms of cryptocurrencies such as Litecoin or Ethereum. The process for depositing is similar with the exception you will have to download and use a wallet made for that currency.
Back in 2007, the government passed a law to combat money laundering that requires online gambling sites to collect KYC or Know Your Customer, data from anyone gambling online. This law requires that sites verify personal information to prevent criminals from sending money through gambling sites to finance criminal activities.
Also, this law helps to provide an additional level of security to help provide identity theft and fraud at casinos. Sites that do not require customer verification are often unlicensed and unregulated sites where customers risk losing their money at any point the casino decides to close and run off with player funds.
So what does this mean for players? This means that your data will need to be verified with an online poker site before you’re able to cash out from that site, even for Bitcoin transactions. You will have to provide proof of your name, date of birth and your residential address.
To prove your name and date of birth, you can use any of the following:
For proof of your residential address, you will need one of the following:
The information on these documents must match what you provide the online poker site, or you will not be verified. We recommend that you begin the verification process with your online poker site right after you deposit so that you won’t experience delays in processing any future withdrawals.
Below are common questions we receive from players regarding withdrawals.
Banking laws are very restrictive in Australia. Presently, most banks and e-Wallets do not process payments for online gambling sites because of the current legality of online gambling.
Most sites do not charge fees for infrequent withdrawals. However, if you cash out using Bitcoin, there may be miner fees incurred. These fees are not charged by the poker site but rather by the Bitcoin network.
In many cases, your funds are available after the processing period. If you request a check to be mailed to you, then it may take up to 10 business days.
Withdrawal requests are processed through the online poker site or software, meaning that it uses high-level encryption of 128-bit or higher. This ensures that nobody will be able to intercept your transaction.
Yes. Most online poker sites are mobile-optimized and allow you to conduct all of the same transactions as you can from your desktop or your laptop.