Lets say you deposit $100 from a credit card to an online poker website, how is it that they give you the full $100? Arent they charged a fee by the credit card company?
They probably are charged a fee to process a card. But so are grocery stores, gas stations, etc. It’s usually a percentage plus a flat rate. But poker sites make money with rake and tourney fees enough to cover these charges. It is common for poker sites to give you one free payout per week, and charge for multiple payouts if you make a request too soon. Or if you use a courier service to deliver a check, etc.
You will get the full $100, they will not charge you for the transaction. The two poker sites you have mentioned offer all of it’s deposit options for free and most of the withdrawal options for free. When signing up for Full Tilt Poker use bonus code 600FORNOTHING for a 100% first deposit bonus and entry into a region-based first depositor’s freeroll, which usually run about 150 entrants with first being anywhere from 4-5K USD!
Not only do they make rake in ring games and tournaments, but they also collect interest on the money that they collect from the players. So compounding interest and rake makes it very profitable to even match your deposit and offer tons of promotions and advertising.
Sithis is totally correct. But I should add that these sites also are so interested in new users that they will even match your first deposit dollar for dollar. However, beware that cashing out from these sites might become much more difficult if US laws aren’t changed.
IT IS A SMALL CHANGE FOR THEM AND THAY WANT YOU TO DESPOSIT AS MUCH AS YOY CAN O YOU THINK THAY GOING TO TAKE YOU A FEE THAY WANT TO KEEP YOU HAPPYSO YOU CAN PLAY AND FUN,DONT WARRY THAY MAKE MONEY FROM RAKES AND MORE…..
Welcome at Pokerasdf! Find your poker infomation. We listed some intresting books for you to read here! Also if you have some poker questions you can see some poker questions and answers here!
You can find here questions like where what is the best place to play poker online. Or have more specific poker questions about free facebook poker chips or just want to know some poker technics. How to calculate the change to win a flop or how to convince a player. You can also find here some question how to make a living with poker.
7 Responses
Mick Shrimton
December 14th, 2009 at 1:42 am
1They probably are charged a fee to process a card. But so are grocery stores, gas stations, etc. It’s usually a percentage plus a flat rate. But poker sites make money with rake and tourney fees enough to cover these charges. It is common for poker sites to give you one free payout per week, and charge for multiple payouts if you make a request too soon. Or if you use a courier service to deliver a check, etc.
Jonah
December 14th, 2009 at 8:32 am
2You will get the full $100, they will not charge you for the transaction. The two poker sites you have mentioned offer all of it’s deposit options for free and most of the withdrawal options for free. When signing up for Full Tilt Poker use bonus code 600FORNOTHING for a 100% first deposit bonus and entry into a region-based first depositor’s freeroll, which usually run about 150 entrants with first being anywhere from 4-5K USD!
jimbo116
December 14th, 2009 at 12:40 pm
3Not only do they make rake in ring games and tournaments, but they also collect interest on the money that they collect from the players. So compounding interest and rake makes it very profitable to even match your deposit and offer tons of promotions and advertising.
Waylah Will
December 14th, 2009 at 4:39 pm
4Sithis is totally correct. But I should add that these sites also are so interested in new users that they will even match your first deposit dollar for dollar. However, beware that cashing out from these sites might become much more difficult if US laws aren’t changed.
Kade
December 14th, 2009 at 8:13 pm
5IT IS A SMALL CHANGE FOR THEM AND THAY WANT YOU TO DESPOSIT AS MUCH AS YOY CAN O YOU THINK THAY GOING TO TAKE YOU A FEE THAY WANT TO KEEP YOU HAPPYSO YOU CAN PLAY AND FUN,DONT WARRY THAY MAKE MONEY FROM RAKES AND MORE…..
Sithis
December 14th, 2009 at 8:56 pm
6They earn so much profit off the rakes that they can afford to eat the cost of any credit card (or ACH transfer) processing fees they might incur.
Freda
December 14th, 2009 at 9:40 pm
7Yes they probably charge a fee
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Welcome at Pokerasdf! Find your poker infomation. We listed some intresting books for you to read here! Also if you have some poker questions you can see some poker questions and answers here!
You can find here questions like where what is the best place to play poker online. Or have more specific poker questions about free facebook poker chips or just want to know some poker technics. How to calculate the change to win a flop or how to convince a player. You can also find here some question how to make a living with poker.
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