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Frequently Asked Questions:
What is rakeback and how do I get it?
When you play for real money, the poker room takes a fee which is normally taken out of each pot. This fee is called the "rake". At approximately 3% does seem small, but for someone who plays a lot, the rake can amount anywhere from hundreds all the way up to thousands of dollars per month.
At PayNoRake.com you can get up to 100% of these rake fees back every day, 365 days a year. And that really adds up! If this sounds good to you, then download and register now and start saving right away.
How and when do I get paid my rakeback?
At PayNoRake.com we deposit directly into your account every day at midnight ET. You don't have to lift a finger. And if you ever have questions, we have qualified staff on hand 24 hours a day, seven days a week.
What is rakeback paid on?
Rakeback is paid on all real money games, excluding tournaments.
When is the rakeback paid?
We calculate the rake earned throughout the day and then pay it at midnight every day. Any time you want to know how much you've earned that day, simply visit our website, log in with your username and password, and your personal rake will pop up.
How is rakeback calculated?
Your rakeback level is based on how much you play (rake). The chart below shows the amount of rakeback you qualify for based on your contributed rake. You have between midnight ET and midnight ET (US east coast time) to earn rake in order to qualify for a higher level. Whenever you want to know how much you've earned that day, simply log in to www.paynorake.com and check out the real time Rake-O-Meter. It will tell you how many hands you have to play to jump a level, how much rake you have earned and a lot of other information.
|Rakeback %||Rake minimum||Rake maximum|
Are there any restrictions on withdrawing these funds?
Absolutely not. They can be withdrawn as soon as they are earned.
What is the difference between "contributed" and "shared" rake calculation?
We pay on contributed rake. With the contributed rake calculation method, you earn rakeback depending on how much money you actually put into the pots. If, for example, a pot reaches $25 and you put in $5 of that money. then $5 divided by $25, i.e. 20% of the rake which the room took from that pot "belongs" to you. With the shared rake calculation method you always earn rakeback whenever you are dealt cards in a hand, even if you fold without contributing anything to the pot. For example, say there were a total of 4 players dealt a hand (including yourself), then 25% of whatever rake the room took from that pot "belongs" to you
How do I know how much rakeback I have earned?
It's simple. All you need to do is:
- Go to PaynoRake.com
- Enter your username and password
- Press submit - and it will pop up
At other sites I can collect reward points? Can I collect them here?
No. We prefer to reward our players with the highest rakeback in the industry. We think this is the best, and most direct, way to reward your loyalty and demonstrate how much we appreciate your business.