The most frequent question asked at casinos online is how to withdraw money and how long it takes. Perhaps it is the trickiest issue either. The point is that casinos have different methods for deposit and for withdrawal. Typically, the first (deposits) have much more banking options. In addition to that, casinos can set fees on withdrawal options, which is very uncomfortable. So, make sure to choose a right casino by checking the terms under which it is regulated and the payment methods acceptable for payout.
Withdrawal Options
As a rule, a player can select the payout method which is the most preferable for him or her. There are several banking options such as credit card, bank transfer, e-wallets, cheques. They can be divided into corresponding groups:
- E-wallets. This is apparently the quickest banking option. Register your own electronic wallet like PayPal or Neteller, and then just select this e-wallet at casino payout options. Once you get your money, do whatever you want with them using the services of the e-wallet.
- Bank transfer. It takes a bit longer and can ask for an additional fee for transfer.
- Visa or Mastercard. Generally, the cards of credit or debit types are available for both deposits and withdrawals.
- Cheques. The longest method of all. Your winnings will come by mail. You can also order a faster delivery of the cheque with a courier, but it will cost you some fee.
These are the most common options for collecting money from casinos. Remember that each casino has its own banking options. Always check if they satisfy you or not.
Payout Facts
There are a few more things about online casino payouts you should mind as well.
- Most casinos do not allow you to withdraw too much or too frequently. There are limits on how much and how often you can do it. Read the terms of a casino to learn more details.
- Regarding extra money coming from promotions. You will hardly be able to receive the bonus money and request for withdrawal at once. Casinos set tough rules about bonus usage. You will probably need to play for some time or spend all your rewarded money before you can withdraw them. If you make any attempt to withdraw bonus money, a casino can ban you. All in all, read the terms of promotions before claiming.
Always keep in mind these simple rules on how to collect your winnings from online casinos. Choose your preferable payout method, check the terms of its usage, and you will not have problems with withdrawals.
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If you realize you have problems with gambling and you spend too much time and money on it, you can ask for help from customer support. Some online casinos have their own help center, where they support problem gamblers. However, if your situation is way too tough, then it’s better to contact the responsible gambling partners of your casino. Usually, they are Gamblers Anonymous, Gambling Therapy, and so on.
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Starting to play at casinos online, you should understand how the financial part works in terms of transactions of deposit and withdrawal. Each casino has its own regulations and banking terms. In order to find it out in a particular casino, read the terms in the corresponding field. However, the general payout rules at all the casinos are as follows:
- Go to your account and find the withdrawal option next to the balance.
- Select a preferable payment method and click to proceed.
- Send all the required banking information so a casino could verify your identity.
After you have made all the necessary steps, you have to wait some time until they work through your request and send money to the chosen card or e-wallet. The receiving part also takes some time to check the transaction details. That is why the payout period takes so long, sometimes weeks. Only after everybody is satisfied, you get the money to your financial account.
Tips to Avoid Withdrawal Problems
We have prepared some tips for you to avoid troubles and lessen the pending period.
- Check the terms ALWAYS. You have to find information about payout methods, including the fees and waiting time of your selected method.
- Search for security information both on the casino site and your selected payment method account.
- Make a separate payment method (card, e-wallet, e-check, etc.) for gambling only. Thus, you can save at least a part of your money in case the security system crashes. Or it can save you from spending too much on online games.
We hope now you understand the process better, so make sure your casino is legal, check the terms and security info. Do not be shy to send your private data to the casino, otherwise, they just will not pay you.
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