Online Casinos Withdrawals Explained

December 21, 2021

Online casinos are all the rage right now, and for a good reason. Who doesn’t love an opportunity to mint money while lazing around the house and playing pokies?

Say you’ve played your heart out and earned yourself a good amount. As long as you meet the casino requirements, you can cash out your earnings.

While depositing funds in an online casino is almost instantaneous, online casinos withdrawals get a little bit tricky. If you’re new to this process, we’ve got you covered.

This article will discuss everything you need to know about withdrawing money from online casinos.

How to Make a Casino Withdrawal Successfully

Let’s run through the steps you need to perform for getting money from online casinos.

Step 1: Login and Go to the Cashier

Do not attempt to withdraw funds from external links found in mailboxes or social media. The best approach is to visit the casino’s official website.

You can then log in using your credentials. Go to the “Bank” or “Cashier” option to proceed. You will be redirected to another webpage.

Nowadays, most web browsers display the website’s credibility by adding a padlock icon in the address bar. You don’t have to worry about security as long as you can see a closed padlock next to the URL.

The icon guarantees that the website protects your information using an SSL security protocol.

Step 2: Beware of the Limits

Check what your casino has set as the minimum and maximum withdrawal amount.

Once you’re sure of the limits, check your earnings to see whether they fall in the range or not. If you’re within the required limits, you will be able to withdraw your funds without any hassle.

If you still have any doubts, you should go through the terms and conditions on the casino website. Additionally, many online casinos post tutorials and informative videos to ease the process for you.

Step 3: Enter Withdrawal Details

Go to the “Withdrawal” option and fill out the amount. Then, you need to select your preferred mode of payment from the online casino banking options available.

Some casinos might require you to submit proof of age since the payment cannot be made to minors.

After you go through all the steps, you can confirm the transaction at your end, and it will be sent for authorization.

Payment and Withdrawal Methods at Casinos

Every method comes with different timelines and rules.

While every casino has its own list of accepted methods, not every kind of payment is suitable for your needs, here are some payment options that you can find at online casinos.

Electronic Wallets and Prepaid Cards

E-wallets are secure accounts that store funds. They are incredibly convenient and offer unparalleled ease of payments and refunds.

These wallets are typically linked to your credit cards or banking accounts. E-wallets are possibly the quickest payout method when it comes to casino withdrawals.

You might be able to notice the cash out reflected in your account within a few hours. However, even if you don’t, you should ideally wait for about 24 to 48 hours before raising the issue.

PayPal is one of the most popular e-wallets globally, but it has placed strict policies regarding gambling. You could check out Skrill and Neteller instead. EcoPayz and Paysafecard are also famous options.

Debit and Credit Cards

While debit and credit cards are great for deposits, they aren’t the best option for withdrawals. Don’t get us wrong; they are completely safe and efficient.

The only downside is the time period. Cards may take several days, even up to a week, to clear your request. If you don’t mind the wait time before the money appears in your account, you can use cards as your preferred cash-out method.

Depending on your withdrawal amount, there is also a considerable charge associated with card withdrawals.

The most common car options are VISA, VISA Electron, MasterCard, and Maestro by MasterCard.

Cryptocurrency

Crypto can be confusing, so let’s get the basics out of the way first. It is a virtual currency that commands real monetary value. You can use crypto to trade online.

Since cryptocurrency is controlled by an online wallet, transactions are quite straightforward.

Several online casinos have started using Bitcoin, Ethereum, and other cryptocurrencies now.

The cashouts are typically instant, making them one of the most preferred methods for those that don’t mind venturing into crypto. Moreover, these transactions are highly secure.

Electronic Funds Transfer and Wire Transfer

Casinos tend to prefer transfers since they are extremely secure. However, players are not too fond of it because the waiting time could go up to a few days.

Depending upon your bank, you might even have to incur high transaction costs. Moreover, the process is quite complicated as it involves entering your account number, sort code, and other crucial details.

How to Ensure Quick and Smooth Withdrawals?

We understand that withdrawals can be tricky. Therefore, we’ve listed some tips and tricks for you to consider.

Looking into these aspects might help you ensure seamless withdrawals.

Verify Your Account

Online casinos may allow you to deposit money as soon as you connect your preferred banking method. However, they won’t let you withdraw the amount without verifying your account.

You might have to upload documents such as ID proofs or proof of residence to get your account verified. Since verification can take up to two weeks, it is better to complete it beforehand rather than at the end moment.

Be Careful with Your Deposits

Many online casinos only allow withdrawals via the same method used for deposits, so you should be careful while depositing.

It is also recommended that you deposit in the local or default currency of the casino so that not much is lost in the conversion.

Understand Bonuses Thoroughly

Unless you’ve understood exactly how the bonus works, you should steer clear from it. Go through the terms and conditions properly so that you know what you’re getting.

Players often miss the minimum wagering requirements or ignore other restrictions, leading to difficulties in withdrawals.

Wrapping Up

Online casino withdrawals can be quite a task. However, we hope this article made it easier for you.

Since every casino has its own rules and requirements, you must go through their website, tutorials, and terms and conditions, to avoid any confusion.

So, what are you waiting for?


Tags


You may also like

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}