Not sure if this has been covered elsewhere so I'll throw it here anyway. There's a simple new way to electronically pay for WSOP tournaments this year by funding your Bravo account with a service called PayFiniti. It's ACH, so you link your bank account to the app, transfer funds in, and pay for your tournaments that way. Sounds like a great way to avoid the 2.95 percent fee Bravo whacks you with to pay with a credit card...right? Nope.
Payfiniti and Bravo won't tell you until you've created a new Payfiniti account and tried to fund it, but there's a 2.5 percent fee for deposits from your bank into the app.
That's ridiculous. You can sort of justify the fee for credit cards because Bravo gets charged by the credit card companies. But 2.5 percent for ACH? Absurd. Payfiniti is entitled to a profit, of course, but it should be a flat fee that is meaningfully less expensive than using a credit card. It was going to cost me $47.25 (including the $3 add-on WSOP fee) to register for the Milly Maker with a credit card. Doing so with Payfinit would cost me $40.50, including the $3 add-on WSOP fee.
Not sure if it's different for international players, but Payfiniti is not a worthwhile option for Americans unless you don't have a credit card, or are going to spend enough on entry fees this summer that the .45 percent savings to use the app makes it worth the pain in the ass of funding it. I'm planning on spending a modest $4k or so on entry fees this summer (I play more cash than tournaments), which would save me a staggering $18 if I used Payfiniti rather than my credit card. The 1.5 percent cash back I get on my credit card makes paying that way a much better deal than Payfiniti .
Hard pass on Payfiniti.