Poker Forum > Live Poker

how to pay for the pro-am?

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WarBwastardo:
Visa delta option works.

JohnWesleyHarding:
I just tried the Maestro option no joy though, Anyone else had trouble/problems registering with this card?

Britney:
I managed to ise my debit card but was like you hoping to use my Credit card as I know this would have been protected ifr anything went wrong!

linziwan:
Best not to use a credit card. All amounts paid to poker sites or for entry into tournaments are treated as "cash transactions". Not only do you pay a very large interest rate on this transaction there are also other ways the bank extracts money from us.

For example:

I paid for an event back in March and have been paying my credit card bill in full at the end of every month. It wasn"t until I really looked into my statements this month that I realised I have been paying "interest" on a "cash transaction" since March.

The credit card companies always take any payments received against "purchases" first and then deduct from the "cash transaction". Even though I paid off in full the amount owing on my statement at the end of every month, because I had made recent "purchases" that were not yet on the statement, the money I paid was taken against the recent purchases and not the "cash transaction". Thereby the "cash transaction" or part of it is still outstanding every month and the bank can take more and more money from you.

I have worked it out and in total I think the £75 entry fee has cost me £10 or more in interest.

This month I am making no purchases on this card and I am ensuring that the account has a nil balance.....

so........... beware of the credit card "cash transaction" trap!

HaworthBantam:

A very good point Linda, and very well explained. That answers a query that I have with my credit card, thanks.

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