Another New Deposit Method Sees the Light

New payment methods for online gamblers are climbing out of the woodwork, following the gaping void left by NETeller, Citadel etc.

One of the latest deposit/withdrawal methods is MyWebATM. The site links your online poker account to your personal bank account and simplifies withdrawals by mailing users an ATM card. The MyWebATM card can be used by any ATM which supports CIRRUS, which is accepted at virtually any ATM in the country.

Upon signing up, the service requires users to provide a very detailed set of information, including name, social security number, date of birth, address, home phone, email address, and driver's license number.

Fees have been a concern with newer eWallets such as epassporte, and MyWebATM also has its fair share of charges for its users. They include:

Schedule of fees

Monthly service fee: $3.95
ATM transaction, domestic: $2.50
Declined ATM transaction, domestic: $2.50
ATM transaction, international: $3.95
Declined ATM transaction, international: $3.95
POS transaction, domestic: $1.75
Declined POS transaction, domestic: $0.00
POS transaction, international: $1.75
Declined POS transaction, international: $0.00
Card-to-card transfer: $5.00
Card-to-ACH transfer: $4.00
PIN change: $0.00
Account inquiry: $1.00
Replacement card: $9.95
Currency conversion: 2%
Funding from credit card: $0.32 + 3.70%
Funding from bank account: $2.82

The card limitations are as follows:

Card Activity Limitations {Daily/Monthly}

ATM withdrawal (up to 5 transactions / day): $500/ $9700
ATM deposit (up to 10 transactions / day): $2700/ $9700
POS debit (up to 25 transactions / day): $1500/ $9700
POS refund (up to 10 transactions / day): $2700/ $9700
Card-to-card transfer, debit: $2700
Card-to-card transfer, credit: $2700
Funding, per account: $300/ $1000
Funding, per card: $300/ $1000

I guess it depends how badly you want to play online with ADM. Hopefully withdrawals are fast and easy, which should ease the pain of those charges and limitations a bit.


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