So you won at the Casino? Lucky you! Winning at the Casino is what it’s all about! Now let us guide you through the quickest and easiest way to get your hands on your hard-earned cash: Withdrawal your casino winnings.
First of all, find out the different Withdrawal Banking Methods available. Then learn the process of withdrawing payouts and how long you should expect for the transfer to complete.
The devil is in the details so don’t forget to read our guide to taxes on winnings as well as withdrawal limits.
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When you gamble in an Online Casino, the best, most rewarding feeling is winning your bets and Tournaments and ending up with a nice large sum on top of your initial deposit.
This section will explain how to withdraw money from Online Casinos, so you can better understand the ins and outs of cashing out your Casino winnings. This is the step that raises the most issues and it is important to be fully clear on the process for withdrawing from an Online Casino.
Cashing out your Casino winnings is a fairly simple process, as long as you know what to expect.
Some Online Casinos have more withdrawal options than others and often the amount you won will affect how much you can withdraw at any one time. You do not always have to withdraw to the same payment method you deposited with.
It is not always possible to Withdraw to the same Casino Payment Method you used to Deposit with.
For instance, Microgaming Casinos will not allow you to withdraw to a credit or debit card unless that was the method you used for your First Time Deposit. When it comes to eWallets, you can safely withdraw Casino winnings if you have made a Deposit over $20 with the same wallet before.
The most popular withdrawal methods are eWallets, credit and debit cards, and PayPal, where possible. If you have a favorite payment method you like to stick to, it is always worth asking Customer Support if you are able to withdraw your casino winnings to it before starting to play. In most cases, if they don’t support your chosen method, they can suggest another reliable banking method for you.
Always check if there is a cost to withdrawing your casino winnings. certain payment methods charge you for withdrawing Casino Winnings to them. Sometimes leaving casino winnings in your account for future play is more cost-effective.
As a general rule of thumb, it should take between 4 – 10 business days to receive your casino winnings after you request them. While Customer Support is available 24/7 in most Online Casinos, the financial departments are usually closed on weekends. The same goes for the department responsible for Casino security and checking your documents and proof of ID where needed. In certain cases, it may take longer than the stated time to receive your casino winnings.
Processing times vary from Online Casino to Online Casino and are also determined by the Software provider in some cases. While Withdrawal requests are made all the time, that doesn’t mean that they are all simple to process, so communication with Customer Support is essential to ensure a smooth experience.
The Reverse Withdrawal is a feature Online Casinos sometimes offer you when cashing out your haul. When you request to withdraw your casino winnings, they move to “pending” and you have the option to reverse the withdrawal and use your casino winnings to keep playing during that time.
Some people prefer not to have this option and there are many Online Casinos who do not offer it.
If the amount you have won that want to Withdraw from the Casino is small, things are likely to go faster as you may not need to go through any security measures, such as providing proof of ID. This is also the case if you had to go through security measures when you were depositing – it is unlikely you will need to provide further proof of identity unless you are Withdrawing to a different Payment Method.
If your withdrawal amount is larger and you have never been asked to provide your identity, you will usually need to prove who you are before your casino winnings will be released. Security checks mean it will take longer for your casino winnings to be processed and paid out to you.
Bear in mind, if you accepted a Casino Bonus, or won through Promotions or a Tournament, there may be limits as to how much you can request at any one time and this is why it is always a good idea to read through the terms of any Promotion you take advantage of.
Also, small withdrawals are not always practical, as you may have a fixed charge for making the Withdrawal, depending on the Payment Method chosen. Sometimes, breaking your winnings into smaller amounts to Withdraw is not going to be economically efficient.
Customer Support at a good Online Casino will also clearly tell you if there are any issues with withdrawing the full amount of your casino winnings when you make the request.
Had issues Withdrawing from an Online Casino? Share your experiences in our Casinos Reviews.
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