Citadel is a well-respected, yet only moderately-used payment processor that actually has two different account options: Citadel Checks and myCitadel.
As of April 2nd, Citadel will no longer do gambling related transactions with Canadian customers.
Citadel Checks is a payment transfer service, similar to Instadebit. With this account, Citadel is simply assisting the customer in writing an electronic check to the online poker room. The money goes directly from the player's bank account to the poker site.
myCitadel is a traditional e-wallet that you must fund before using at an poker room. To fund your account, you can use EFT, instant EFT, and credit cards. Standard EFTs are free, but instant EFTs have a 6.9% fee and a 4% fee is charged on credit card deposits. Transfers to and from poker rooms are free, while peer-to-peer transfers incur a 1.9% fee, paid by the recipient. Cash outs can be made to a bank account (free) or via paper check (extra charge).
It is too bad Citadel stopped allowing gambling transactions by Americans. U.S. customers had another funding option that was interesting - SecureSwipe. This is actually a credit/debit card swiping device that customers can receive for free from Citadel. Then, after hooking it up to your computer, you can simply swipe your credit or debit card just like at a store and deposit funds into your account. The only catch is that while Citadel doesn't charge anything for the service, banks may treat it like an ATM withdrawal, which may come with fees.
As of April 2nd, Citadel will no longer do gambling related transactions with Canadian customers.
Citadel Checks is a payment transfer service, similar to Instadebit. With this account, Citadel is simply assisting the customer in writing an electronic check to the online poker room. The money goes directly from the player's bank account to the poker site.
myCitadel is a traditional e-wallet that you must fund before using at an poker room. To fund your account, you can use EFT, instant EFT, and credit cards. Standard EFTs are free, but instant EFTs have a 6.9% fee and a 4% fee is charged on credit card deposits. Transfers to and from poker rooms are free, while peer-to-peer transfers incur a 1.9% fee, paid by the recipient. Cash outs can be made to a bank account (free) or via paper check (extra charge).
It is too bad Citadel stopped allowing gambling transactions by Americans. U.S. customers had another funding option that was interesting - SecureSwipe. This is actually a credit/debit card swiping device that customers can receive for free from Citadel. Then, after hooking it up to your computer, you can simply swipe your credit or debit card just like at a store and deposit funds into your account. The only catch is that while Citadel doesn't charge anything for the service, banks may treat it like an ATM withdrawal, which may come with fees.
