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US Online Poker Payment Processing Update

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by , 09-16-2011 at 05:40 PM (910 Views)
Six weeks ago I wrote about the difficulties US facing online poker rooms were having processing player withdrawals. This is an update to that post. Last month's grade is in Parentheses.

Intertops - A (New)

Intertops was recently added to PAS. They are a member of the Cake Poker Network that uses their own banking system for deposits and withdrawals. Not only do they offer more deposit options to players than Cake Poker does, their cashout speed is extremely fast. There are several withdrawals options. In some instances the options are costly, but they are fast. Players can request a cash transfer, bank wire, check or Visa Shopping Card. Cash transfers take a couple of days, bank wires and checks take about a week. The Visa Shopping Card is a re-loadable card that Intertops mails you, then transfers cash to your account. Once you have the card these transfers take about a day.

Everleaf Gaming - A- (A-)

Everleaf Gaming is still processing US cashouts via cash transfer services and bank wires. Bank wires, used for large cashouts, are taking a few weeks to process. Cash transfers are still taking 1-3 days.

True Poker/DoylesRoom - B (B)

True Poker and DoylesRoom, members of the Yatahay Network, are right where they were last month. While medium stake players are in the middle of two excellent cashout options low and high volume players enjoy fast cashouts. There is a gift card option for small cashouts, and a bank wire option for cashouts over $5000. Both options take only a few days.

Bodog - B (A+)

Bodog has had a tough month. There have been several issues with bad checks. A round of checks that were sent out all bounced and some players have reported issues requesting a new check. Bank wires have been a bit slow too. Considering how fast Bodog has been in the past I consider this to just be a bump in the road. MyPayLinq and Rapid Transfer, while expensive, have still been processed at fast speeds.

Merge Gaming - B- (B-)

Merge Gaming only has one standard cashout option, a cashout by check. They do send bank wires for extremely large cashouts, typically related to bad beat jackpot winners. Checks can be requested for amounts between $100 and $2500. There is a fee associated with the check that depends on the VIP level. This fee is typically $15. Checks are taking 3-6 weeks at this time. While this is an improvement it does not warrant a higher grade until all checks are under a month.

Cake Poker - D- (D-)

Cake Poker has failed to improve their cashout speeds to US players. US players still only have one cashout option, checks from $500-$3000. These checks are now taking 12-16 weeks, slightly longer than our last post. A few checks have even bounced. Non US players are also having problems. Moneybooker cashouts are taking 2-6 weeks.

World Sports Exchange - F (F)

World Sports Exchange is still slowpaying over $400,000 to winning players. The NFL season has not helped with liquidity either. I suggest avoiding WSEX. WSEX was never offered by PAS but is still worth mentioning due to their payment processing issues.
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