For years Party Poker has charged a 3% fee to players who withdraw money from the site. Obviously this was never a popular practice, and Party has finally decided to get rid of withdrawal fees. This means that players can use popular cashout methods like Visa, MasterCard and PayPal without incurring any extra fees.
Golan Shaked, Party’s Director of Games, is currently running a “Poker for the People” campaign in order to improve the site. And one of the biggest criticisms he found regarding the poker room was the withdrawal fees.
“We want to be the online poker site that champions what players want and we’re up for the challenge of making our players’ experience the best it can be,” Shaked said. “We are now looking at ways to eliminate withdrawal fees from the small number of payment processors who currently charge a premium for their services.”
Many online poker rooms are currently in a state of transition while hoping to better cater to recreational players. Party Poker is included in this group since they want to do whatever’s necessary to attract and retain more players. Scrapping withdrawal charges is a great start towards appeasing the mainstream crowd. This is especially the case when considering that many other sites don’t charge players a processing fee to cash out money.
Party is hoping that by making more recreational-friendly changes, they can begin ascending the traffic ladder again. According to PokerScout.com, they currently rank 8th in the world with an average of 800 hourly cash game players. They’ve been surpassed by sites like 888, Bodog and the iPoker network in recent years; but perhaps by continuing to listen to their players, Party can regain some of their lost market share.