How to Cashout Withdrawals from US Poker Sites After Winning
One of the first questions asked by potential online poker players is: “How do I get paid fast when I win?”. This can be stressful, especially for those who make a living playing online poker. While the methods for cashing out vary from site to site, comparisons can be made. Nearly all US poker sites offer paper check withdrawals, generally sent via courier, as well as several other wire transfer cashouts that allow you to cash out electronically within a few days max. Bigger volume players usually get preferred treatment with wire transfers and other withdrawal methods. In this guide to US poker site cashouts, we use the Ignition casino withdrawal process as a main example. Ignition bought Bovada Poker, which itself was an American spinoff of Bodog.
What are the Fast Cash-Out Sites?
Most all online poker sites offer money orders, checks, and bitcoin withdraws. Checks take an average of 7-16 days from the time they are requested to reach your home. The check method of withdrawing usually has no cost but takes longer. Players would prefer credit card payouts because Visa and MasterCard deposits receive reward points, but it’s not an option for US players.
Money Orders, such as MoneyGram or Western Union are a better option. These incur a fee on the cash-out amount but only takes 3-8 days. In most cases, bitcoin payouts are usually free and are received by players in 9-40 hours.
Fastest Paying U.S. Sites (Updated Monthly)
Currently Ranked Fastest: Betonline.ag – Payouts at this poker room are taking approximately 4-6 days to reach players for money transfers, and for checks they are slightly longer at 6-14 days on average. Bank wires are taking 7-8 days to reach players, and within 15-40 hours for bitcoin withdrawals.
Currently Ranked 2nd Fastest: IgnitionPoker.eu (previously known as Bovada) – Current wait time for a check is 10-16 days to reach players depending on your location. They offer one (1) free check cash-out every four months, after that they charge $25-$50 per check. Another quick withdraw option of 3-5 days at a $50 fee is MoneyGram (they call it Rapid Transfer). Bank wires are taking 4-7 days and bitcoin payouts are taking 10-38 hours to reach players. Ignition Casino bitcoin withdrawal use the same time table.
Currently Ranked 3rd Fastest: TruePoker.eu – One of the quickest ways to withdraw here is usually by MoneyGram which is taking 4-8 days to reach players, but costs 5%-10% of your cash-out. You can also withdraw by check which is being received by players in 7-13 days. The first check is free each month, after that it’s $65 a pop. Players are receiving bitcoin withdrawals within 9-28 hours.
CAUTION: We recommend avoiding any Merge Gaming Network online poker sites which consists of Carbon Poker, Sportsbook.ag and Players Only. As of around May 31, 2016 the Merge poker rooms are not accepting new USA players. The bank wire transfers cost a big fee, while withdrawal speeds are slow.
Cashing-Out Via Bitcoin
Players who want the fastest payouts should consider money transfers from Bitcoin or other crypto-currencies. Once you select a bitcoin exchange and crypto-currency wallet, payouts happen within minutes or hours. These are free and much faster than bank wires.
To get started, you’ll need to make two decisions. (1) BTC deposits are facilitated through digital currency exchanges like Coinbase or Kraken, so pick a BTC exchange. (2) Anyone use BTC payouts also needs a bitcoin wallet like Coinbase, Mycelium, or Electrum. Choose a BTC wallet and you’ll be cashing out via bitcoin in minutes.
Cashing-Out Via MoneyGram
Ignition Poker is our favorite site for cash-outs. If you’ve read other pages on our website (MoneyGram), you’ll know we are fans of privacy. While Ignition charges fees, it offers quick transfers through the two largest money transfer services: MoneyGram and Western Union. By using Moneygram for Ignition poker withdrawals, you can avoid banking payouts. Banks are not keen on gambling transactions (especially withdrawals), so you can benefit which puts cash in your hands 3-5 days after the requested withdrawal.
IgnitionPoker.eu poker room also offers one free check by courier every four months. Wire transfer withdrawals cost a $50 flat fee upon special request.
Which US Poker Sites are Difficult to Cash-Out of?
Pretty much all the ones we haven’t already mentioned are poker sites with at least some issues when it comes to withdrawals. At some sites this might be the lack of methods available to US players, and at other sites this might mean they simply don’t have money to pay their players. We recommend Ignition Poker, BetOnline, and True Poker money transfers for players who want the best range of cashout options.
One site that falls under the category of not having enough viable withdrawal options to cash-out was BetCoin Poker (they closed their poker room on December 25, 2017). Here, you could only cash-out via bitcoin, but it took 15+ days. An example of a site/network with poor payout speeds is the Merge Gaming Network (Carbon Poker, Sportsbook.ag, and Players Only). They offer many banking options, but check and bank wire withdrawal requests take up to 3-5 weeks. If you need fast cash-outs stick, to the poker sites mentioned above. Those living outside the US (or in New Jersey) can use PokerStars.com, too. PokerStars is the best in the industry for getting players their money fast and without slow-pay tactics.
Note: As the original poster said, it is also possible to cash-out at some online poker sites via ewallets. To learn about ewallets at US poker sites, read our page on banking options.