Poker Sites Accepting PicClub
All you want to do is play some poker with your hard-earned cash. After all, it is your cash—who on earth has the right to tell you what to do with it? The American government seems to think it’s got that right. However Pic-Club, a 100% legal deposit method for US players*, disagrees.
Pic-Club avoids all the UIGEA red tape in an ingenious way. When you deposit into your Pic-Club account, you’re not just depositing cash—you’re buying shares (Pic-Club stands for “Players Investment Company”, after all). Pic-Club’s corporate structure makes it exempt from UIGEA laws; it’s not just a payment processor, it’s a membership company. This allows American players to deposit quickly and 100% legally. As if that weren’t good enough, investing in Pic-Club shares actually makes you money!
To use the Pic-Club service, you’ll need to set up a member account. Head to www.picclub.com, click “Join the Club”, and fill out the application. Once your account is set up, you can buy shares using a variety of methods, including your US credit card. Then, it’s just a matter of transferring your cash onto your site of choice.
*Note: Pic-Club is not available to residents of Illinois, Louisiana, or Washington.
Here are our favorite online poker sites that accept PicClub deposits:
How Pic-Club Works
Whenever you make a deposit into your Pic-Club account, $1 will be automatically placed into your “Common Shares Account”. The rest will be placed into your “Available Shares Account”. Money in the ASA is available for you to use immediately. Cash in the CSA stays there as an investment; it accrues interest, so you’re not losing a thing.
The CSA is the main reason Pic-Club is legal under the UIGEA. Pic-Club qualifies as a membership-based investment company, rather than just an online payment processor. Sure, there’s a fee—but in the end, $1 per deposit is a small price to pay for a hassle-free e-wallet!
Getting Cash Into Your Pic-Club Account
You can load up your Pic-Club account using a variety of methods. These include:
- The six major credit cards: Visa, MasterCard, American Express, Diners Club, Discover, JCB.
- Moneybookers
- Western Union / MoneyGram
- Wire Transfer
- Money Order
- Paper Check
Deposit fees for e-wallets vary, however the fee structure for all major credit cards is standardized:
| Deposit Method | Fee + CSA | Transaction Limit | Daily Limit | Weekly Limit | Monthly Limit |
|---|---|---|---|---|---|
| Visa, MasterCard, Discovery | 6.5% + $1 | $2,632.63 | $5,265.26 | $10,530.52 | $21,061.04 |
| American Express, Diners Club, JCB | 7.5% + $1 | $3,000 | $6,000 | $12,000 | $24,000 |
The fees associated with Pic-Club are pretty stiff - if you would like to avoid the fees altogether you should consider directly depositing with a credit card to erase the middle man.
Getting Cash From Pic-Club Into Your Player Account
Making a deposit using Pic-Club is a bit different than you might’ve experienced using other payment processors. Instead of starting from your poker client’s lobby, you’re going to start from the Pic-Club lobby. First, click “make a deposit”. Then, select the poker room you’d like to transfer to. Finally, enter your deposit amount, and you’re good to go. The money will show up in your account soon.