The necessity of using a third-party payment processor to fund an online poker account is becoming a reality for Canadian poker players. Most Canadians are currently locked out from using traditional bank drafts or credit card payments to fund their poker account thanks to concerns about the government putting an online poker ban in place nationwide.
This may be a new thing for Canadians, but worldwide, using a third party to transfer money is nothing new to online poker players. A large variety of third-party cash transfer methods exist, many of which are still open to Canadian players. Finding an alternative source with which to fund your real money online poker account is as easy as shopping around online for eWallets, prepaid cards, and other credit card and bank draft alternatives.
UseMyBank is a popular money transfer method for Canadians looking for a reliable poker deposit method. The brand is popular among poker fans because you can put real money in your poker account without giving the poker room your personal banking details or any confidential credit information. UseMyBank is one of the best totally confidential poker deposit options for Canadians.
The service is most popular at Microgaming poker rooms and online gaming sites, though you’ll find poker sites that accept UseMyBank on other poker networks as well.
What are UseMyBank Poker Deposits?
The brand lets poker players attach their bank account or credit card account to their UseMyBank account which exists only online. As soon as your account is set up and authorized, users can move money back and forth from their UseMyBank account to their checking account or credit card without fear of having the transaction declined. There are no fees or deposits necessary to open a standard account, but you will pay fees every time you move money from your UseMyBank account to the online poker site of your choosing.
When you have added cash to your account, you can instantly deposit funds to your online poker site, as long as they accept UseMyBank as a payment method. Thanks to growing need among North American clients, UseMyBank has shot up in popularity over the past year or two. Expect this trend to continue, especially if credit card customers and Canadian poker players who want to use bank drafts to add money to their poker bankroll are locked out of their more traditional payment options.
Poker sites in all different languages, jurisdictions, and using various world currencies are now using the service as a legitimate online payment and deposit option. As more Canadian poker players learn how convenient and inexpensive a third-party payment processor can be for making real money account deposits, and when they realize that a third party vendor doesn’t require them to share their personal bank account information, transfer methods like UseMyBank will be even more readily available.
When you compare the fees for UseMyBank transfers and deposits, it is easy to see why more players are turning to third-party payment processing systems for their deposits to poker sites. UseMyBank fees are reasonable, average for the payment transfer industry. Your actual fee will depend more on the specific poker site you deposit your funds with—each site charges a slightly different percentage of the total of your poker deposit.
A standard fee is around 3%, which is not a big bite if you’re depositing a few hundred bucks or more, but could prevent a player from making a deposit with UseMyBank if they’re depositing less than $100. The fee makes sense, too, when you consider the extra security that UseMyBank and other legit payment deposit methods offer.
When you are ready to start depositing real money, all you need do is find their website, open a free account, wait a few days for UseMyBank to verify your bank account information, and send them your first deposit. As soon as you fund your UseMyBank account from your checking account or credit card, it is time to join a compatible poker site, send instant payments to that site’s cashier, and hit the poker tables.
Requirements for Canadian UseMyBank Deposits
The only requirements for Canadians who want to try UseMyBank as a deposit method is possession of a checking account or credit card that will work with UseMyBank to transfer money to poker sites. Having a checking account or credit card usually requires a physical address, a little bit of money, and a short application process. Other than these standard requirements, Canadians over the age of 18 can put UseMyBank to work to make poker deposits at the site of their choosing.
Canadian UseMyBank Online Poker Sites
We recommend Party Poker to Canadians looking for an online poker game they can fund with UseMyBank. Party Poker is the most popular Canadian-facing poker site accepting transfers with UseMyBank.
Party was once the biggest online poker room, taking in business from the massive American online market as well as the rest of the world. Since 2006, and the passing of the UIGEA law in America, Party Poker has voluntarily prevented Americans from playing at their poker site, resulting in a drop in popularity never seen before in online poker. Party Poker still features lots of weak competition, especially at lower-limit games of Texas holdem and Omaha.
The poker games offered are your standard small-scale poker site variants: Texas holdem, Omaha, Omaha Hi-Lo, Seven-Card Stud and Seven-Card Stud Hi-Lo. Because of the room’s size and geographical diversity, the poker action at Party Poker is available 24/7, though opening their doors to the American market would make the action better for everyone involved.
Canadian Law and UseMyBank Deposits
As of this writing, Canadians are eligible for UseMyBank as a poker account deposit method. There are no laws on the books in Canada about online poker at all—it is the mere threat of such laws that has pushed some payment transfer methods out of Canada. PayPal, NETeller, and several other eWallets and cash transfer methods no longer do business with anyone in North America, thanks partially to American online gaming legislation and partially to the Canadian government’s own musings on the future of legal online poker in Canada.