Poker Sites Processing Player Cashouts

Online Poker Cashouts

US Player Cash Out Status

The activities of the Department of Justice in the USA on Friday, April 15th shook the online poker world and left many players wondering what would happen to the money in their bankrolls. Although PokerStars and Full Tilt Poker assured players that their money was safe, when players tried to cash out they were met with pop-up notices informing them that withdrawals by US players were not available. The big question on every players mind was just when would the poker rooms start processing cash-outs? Many online poker players depend on their winnings to pay living expenses, being able to cash-out was, and is, vitally important.

In a bid to aid players in receiving any funds that they had on deposit at PokerStars, the US Department of Justice has agreed to release the www.pokerstars.com domain name for use by PokerStars outside the US. And welcome news to US players is that under this agreement, per the DOJ, “PokerStars has been granted express permission to use this domain to facilitate the provision of real money poker services outside the US, and is now able to pay out player balances to its former customers in the US.

One bright spot for those players who played tournaments and had tournament tickets in their PokerStars accounts is that PokerStars has converted all tournament tickets into equal cash value and added that cash to players accounts. That means if you played a satellite and won a $215 SCOOP (Spring Championship of Online Poker) ticket, your account will now reflect the addition of $215 to your bankroll balance. When logging into the cashier, all US players are met with a pop-up notice that says: “Due to government regulations, you have to cash out all the funds in your account.” With a total amount in your account to be cashed out listed. Players who deposited via e-check will still be able to submit an electronic withdrawal request or they may request a check to be mailed.

At this time, PokerStars is the only online poker room to be processing cash-outs. When accessing the Full Tilt Poker site, US players are still met with the following pop-up notice:

“Unfortunately, due to recent actions by the U.S government, Full Tilt Poker is unable to accept ‘real money’ players from U.S. players at the current time, and this includes any deposits or withdrawals. We are working to resolve these issues as soon as possible and will keep you updated as information becomes available to us.

"We are deeply sorry for this inconvenience, but these events are beyond our control. Please be assured that your funds are safe, and we thank you for your patience while we do everything in our power to have your money returned to you as soon as possible. Please contact support@fulltiltpoker.com for more information.”

No word yet on when or how players will be able to cash out on UB Poker and Absolute Poker.

For those of you lucky readers who live outside the USA and can still enjoy your favorite pastime at PokerStars; get your account now so you can get in on the SCOOP events starting soon. With the US grinders out of the action, there is no better time for you to make a big score with less competition at the Spring Championship of Online Poker!

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