Jan 22, 2015 I am a professional online poker player. Considering that is one of the few careers commonly referred to as 'gambling', I'll assume that's what you're talking about. If you're calling it gambling, you're already starting off on the wrong foot. Poker for a living: Cash Games. Online cash games are still a good way to go for anyone looking to make decent profit playing poker, but these aren’t what they used to be some years ago. Nowadays, it is much harder to find good games, especially as you move through the limits. I completed this challenge this quickly because I know more poker than the opponents I faced. So your only goal is to learn more poker. It isn't growing your bankroll, moving up stakes, or anything else. It is simply to get better at this game. Your bankroll is a tool to learn the game. Don't see it as money or goal or as any kind of metric. Make Money Online in 2019. As we enter 2019, many people are thinking, what is the best way to make money online in 2019? Some of these methods are similar to previous years and there are some new ones that would surprise you.
Get Your Winnings Out Quick with this Poker Site Cash-Out Guide
No player wants the excitement of a big win ruined by a lengthy cash out process. This guide covers everything you need to know about getting your profits out of poker sites – and into your pockets.
Both US and international sites – and many payment methods are covered. You will also find out what steps to take in advance to ensure that you get the best possible withdrawal speeds.
Here is what you will find on this page:
List of the Fastest Paying Online Poker Rooms in 2020
Poker Sites
What Cash Out Options Are Available for US Players?
US banks will try (usually unsuccessfully) to block transactions with the offshore poker sites. Credit card poker deposits will work, though these do not accept cash outs. To make a credit card deposit, your card will need to be able to make international purchases – as the poker sites are based in Caribbean nations or in Central America.
Bitcoin and other cryptocurrency deposits and withdrawals have proven to be a far easier option. These days, using Bitcoin is simple. With most of the sites working in dollars, you only need to hold Bitcoin for a short time – making the volatility of prices for these less of an issue. Bitcoin works quickly and simply for withdrawals too.
Money Transfer services like MoneyGram and Western Union can also be used for both deposits and cash outs. Some sites will also work with bank wires – though the banking restrictions make these tricky and they are expensive for smaller amounts.
If you deposited with an option that does not accept cash outs, then a paper check will be the standard withdrawal method. Most sites will courier these to your door, though you will have to wait for your bank to clear the funds.
Canadian players also face bank restrictions. These are due to Canadian banks looking to comply with the US laws – as poker is legal in Canada.
Poker Cash Out Options for International Players
Outside of the US, withdrawing poker profits is much easier. Many credit cards and debit cards will be able to accept cash outs. There are exceptions. Maestro cards and sometimes MasterCard credit cards will not be able to accept withdrawals.
Electronic wallet services are popular internationally. These provide a secure step between banks and poker sites. The best-known brand is PayPal. There are several others including Skrill, Neteller and Trustly. Withdrawals to these services are quick and easy. List of igt slot machines.
If you used a voucher, virtual credit card or one of the cards above which don’t accept withdrawals, you’ll need to find an alternative way to cash out. Checks can be used, though local bank transfers are the method of choice. These can take up to 3 days to get through the banking system and into your account.
Below I have provided more information on the individual cash out methods.
Why Bitcoin is the Fastest and Easiest Cash Out Method for US-Based Players
If you want fast cash outs from all the offshore poker sites – switching to Bitcoin makes a lot of sense. This payment option is very much mainstream these days, and a lot easier to set up than most players realise.
Here are the 7 steps needed to cash out quickly:
Even with the processing time the sites add for all cash out requests, you should have your money within 2 to 3 days – that is a lot faster than waiting for a paper check and makes this method the fastest poker payout method for 2020!
Check Cash Outs for US Players: Reliable and Slow
Many players are surprised to find out that paper checks are the default cash out option. Sites will usually offer one free check withdrawal per month. For more than one, you’ll need to pay a small administration fee.
These checks are usually sent by courier right to your door. You will be able to pay them into your bank account, where they will clear after a few days (once the bank verifies the funds). There are no reported issues with US or Canadian banks refusing these checks. Note that they can expire, so make sure you pay them in quickly.
While this cash out method is safe and reliable, it is also slow. You need to add processing time, printing time and a day or two for the courier service – plus however long your bank takes to clear the funds.
Money Transfer / Bank Wire Cash Outs for US Poker Sites
Both of these methods will involve charges. Money transfer services make their profit by charging transaction fees – these will quickly eat into smaller withdrawals. If you are happy to pay, then you will find some poker sites willing to send you money via MoneyGram or Western Union. Note that this cash will not come from the site, it will come from a named individual sending on their behalf.
Wires can sometimes be arranged for large withdrawals. You will need to work with your site to arrange these. Restrictions from the banks mean that wires will not always be possible.
eWallet Cash Outs from International Poker Sites
If you made a deposit with PayPal, Skrill or another electronic wallet, international poker sites will let you cash out to them. This is one of the faster withdrawal methods. The money is transferred instantly, so you only need to wait for your site to process your request.
Fees depend on the wallet type used. With PayPal, you will pay a small fee when you receive money. With some other services (for example Skrill or Neteller) you pay fees when you send money instead.
Local Bank Transfer Options for International Players
While international sites will often send a check (or Cheque!), local bank transfers are preferred. This is a simple version of an international wire. There is often a delay built in to this cash out option. First, the site will need to process your request. Then you can wait up to 3 days while the transaction is in ‘banking limbo’ before it appears on your balance. While not the fastest, this is at least a very reliable withdrawal option.
How to Ensure Your Poker Cash Out is not Delayed?
Most reputable poker rooms will verify your identity before they will process a withdrawal. This is known as a ‘Know Your Customer’ (KYC) check. It is part of an anti-money-laundering / fraud system which protects both you and the site.
You should expect this KYC check. By preparing for it in advance, you will avoid any delays in getting your money out.
The first step to preparing for a KYC Id request is to make sure you use accurate information when you register your account. It might be easy to fill in some random address, though that could prove awkward when you get asked for Id. Double check your registration info before you submit it.
Second, you should collect together your Id documents, and a recent utility bill or bank statement – plus a picture of both sides of your credit card (you can obscure some of the numbers). This will cover all the information sites request. You can even be proactive – and write to security at your site to go through the checks before it is time to withdraw.
Remember, these checks can seem intrusive, though without them we would not enjoy the legitimate poker rooms we all enjoy.
Fastest Paying Options for US Players vs. International Players?
For US poker players Bitcoin crushes the other payment options in terms of cash out speeds. Here are some guidelines for how quick you’ll get the money. Note that the minimum 48 hours ‘processing time’ for the sites to catch up on their administration is included. Of all poker sites we’ve reviewed, Bovada and Ignition are the fastest for quick payouts.
International sites have more ‘quick’ cash out methods. The times below are averages based on the assumption you have been through their KYC checks.
Red Flags for Payment Issues
While poker is a clean industry, with very few major issues, there are still some rogue operators. Making sure your poker room has a reputation for great service and fast cash-outs before you deposit can make life a lot easier down the line.
I recommend choosing sites which have been around for 5+ years where possible. Some newer brands are part of groups which have a long reputation too. Look for a licensed site where possible and ensure there are no unresolved issues. If you hear of a scandal or payment delays, get your money back off the site as quickly as possible!
The internet offers many opportunities to generate passive income and make money online.
Opinions expressed by Entrepreneur contributors are their own.
Whether you're looking to make some fast cash, or you're after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn't as difficult as most make it out to seem. It does require some discipline.
However, if you're looking for realistic ways you can start earning money online now, then it really truly does boil down to seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.
Related: 8 Ways to Make Money Online Without Quitting your Day Job
No matter what method you select for generating your online income, there's one very important thing to understand. Money can be earned and spent, saved and pilfered, invested and wasted. Not time. That's why time is far more valuable than money. You can't recreate time. Once it's spent, it's gone forever.
When you lack the luxury of time, making money on or offline can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.
No matter what method you end up using to generate an income on the web, you need to adjust your mindset to help empower rather than discourage you. The truth is, making money online can be fraught with avoidable pitfalls. Cancel the noise by keeping a few fundamental guiding principles in mind.
If you're at all serious about generating a full-time income and possibly more from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income will help you survive. That's the scarcity mentality at play. But it's the passive income ideas that will help you thrive.
Related: 2 Ways to Make Money Online This Month
Considering that you have a finite amount of time, passive income should make up a large part of your work. If you're serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions. Why? Wouldn't you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income? Invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop.
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. It's not easy, but it's worth it.
That doesn't mean you need to start a blog to make money online today. You could opt for a non-blog-starting route, but if you're looking for longevity in your income-producing abilities on the internet, then a blog should be your primary aim.
1. Leverage the app economy
If you're looking to address some immediate financial needs, then the app economy is likely right for you.
Uber or Lyft: If you're in a locale where you can find Uber or Lyft, or one of the many competitors around the world such as China's Didi, the hours are flexible and you can work as you see fit, making it perfect, even if you currently have full-time employment but are looking to make some money on the side.
Postmates: You don't even need a car in some locations to make money with this app. In some major metropolitan areas like Manhattan, a bike would suffice.
iBotta: Earn cash back rewards by purchasing featured products at major retailers. All you have to do is add rebates, go shopping, then snap a photo of your receipt to earn your cashback. Simple and effective.
Task Rabbit: Another simple and straightforward app for making a bit of side-hustle income is the Task Rabbit app. Tasks can be anything from simple repairs to more exhaustive undertakings. The app carefully vets each service provider to ensure the highest quality, and it's a great way to make some extra income on the side on your own terms.
Ebates: This app offers a simple way to make money online by buying whatever you're already buying and then getting a cash-back reward. With eBates, there is no scanning receipts. Simply click a link in the app and buy it from the store. You'll automatically be credited with your cash rewards upon purchase along with receiving an email confirmation.
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Swagbucks: With Swagbucks, there are a number of ways you can make money. You can shop online, watch videos, answer surveys and surf the web. The app gives you both cashback and gift cards as a reward for your efforts.
Inbox Dollars: Another app you can use to make money online is Inbox Dollars, which pays you for watching television, taking surveys and shopping. There are cash offers here and it's relatively similar to some of the other apps in this arena.
Related: What You'll Really Earn on Uber, Airbnb and TaskRabbit Every Month
2. Use existing websites
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Of course, a large portion of these sites do have their own respective apps. But these are certainly less involved in the gig economy, and more so in the longer-term projects that exist in the fields of photography, online marketing, graphic design and web development, for example.
Craigslist: This site has been the go-to resource for over a decade now for people that are looking to make a bit of extra money online. You can easily sell your used stuff, rent out a spare room in your home or apartment, and offer up your services to the world.
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, a website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.
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Cafe Press: This website allows you to create digital designs that can then be sold on the platform. You'll earn a commission for everything that sells and you'll never have to deal with logistics like printing, warehousing and customer service. If you have some graphic design skills, then this is a great potential source for your web-based income.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
Legitimate Ways To Make Money Online
Flippa: If you have a penchant for buying and selling, you could use Flippa, and its higher-end counterpart, Deal Flow Brokerage to buy and sell websites for a profit. You'll need to know what you're doing here, but you could easily make a sizable income by flipping income-generating websites for profit.
Etsy: While Etsy's popularity has declined recently, it's still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products such as poster designs.
Shutterstock and iStockPhoto: Have a keen eye for photography? Why not sell photos on some of the leading photography sites. You'll need some design software skills to tag along. But if you do have skill in this arena, it's a great potential source for passive income.
Threadless: Similar to CafePress, Chicago-based Threadless also allows you to sell digital designs in the form of t-shirts and other merchandise such as phone cases, mugs, beach towels and so on.
Zazzle: Another great resource for selling online is to use Robert Beaver's Zazzle. The site is somewhat similar to Etsy and virtually anyone can make money online selling a variety of items here. From art to handmade items and customizable products, you can pretty much sell anything here.
Related: 5 Ways to Make Enough Side Money to Eventually Quit Your Job
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3. Sell your own stuff
If you're ready to enter the ecommerce fray, you could sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account like ones offered by Stripe or PayPal. Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. It is hard work, especially on your own. You could opt for Amazon's platform, which might be an easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you're either all in or you're not.
Shopify: Want to build your own storefront? You could opt to create a Shopify store. You could also install WooCommerce as a plugin and run your ecommerce store from your blog. You'll need an SSL certificate and a way to process payments, but you might find this easier to get up and running fast to start selling immediately.
Fulfilled-by-Amazon (FBA): You could start selling on the largest online store in the world and not spend the time to build out your own infrastructure or worry about traffic. You will need to pay a commission, but most of the other processes will be automated for you.
Drop-shipping: Amazon offers one form of drop-shipping, but there are other resources for drop-shipping products that you'll never actually have to see or handle yourself. You'll simply need to close the sale. Providers like SaleHoo, Worldwide Brands, and many others, offer you a resource for drop-shipping your products.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
Related: Making Money Online: 5 Major Online Selling Opportunities for Any Entrepreneur
4. Sell as an affiliate
There are loads of resources for making money online as an affiliate. You could source products from ClickBank, Commission Junction, Rakuten Marketing, Share-a-Sale,Impact Radius and many others. Plus, many of the larger companies have their own affiliate programs as well. Do your due diligence and find the right company with a relevant product or service to your audience that you can sell as an affiliate.
In some cases, you will need an active website with substantial traffic to get approved. Selling as an affiliate isn't easy by any means, but if you do have the audience, it can definitely amount to a substantial amount of income.
Related: Why Affiliate Networks Are So Important to Online Affiliate Marketing
5. Start a blog
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
Quick Ways To Make Cash Online
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, training sessions and ebooks.
Related: 6 Ways to Turn Your Blog Into a Money Maker
6. Email marketing
If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you'll eventually reap the rewards.
Easiest Way To Make Money Online Poker
Related: One of Facebook's First Employees Explains Why Email Marketing Is Better Than Social Media Marketing
7. Webinars training
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. You'll need an audience to train and you'll need to know what you're talking about. Of course, this usually requires having a website and some semblance of an online presence. However, people can still do webinars without all of that. For example, you might have a sizable social media following and you train them every week on something to do with social media. But you will need a product to embed and sell at some point. Don't worry about it in the beginning. In my experience, the best webinar platform out there is GoToWebinar.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
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