How to Make a Withdrawal at an Online Casino
Published: 20 March 2020
Written by: BryanL
The good thing about wagering cash at an online casino is that the winnings can be quite lucrative, depending on how much you bet at a time. The last thing that you want is to have to wait, to get your hands on your hard-won prize. To provide the best possible service to their clients, an online casino fast withdrawal option should be in place to expedite the payment of all the cashouts and winnings.
However, the question that often arises is how one goes about effecting a casino withdrawal. In general, depositing your money into an online casino is usually a streamlined process that doesn’t require much knowledge of the website. Withdrawing money, on the other hand, might be a bit more complicated and involve a few additional steps.
To avoid any confusion, follow our handy guidelines below and cash out when and where you want.
How Does Online Casino Pay You?
Winning is fun, and each new cash prize that you score inflates your kitty balance. At the end of the day, all you want is to quickly and effortlessly withdraw your winnings and have them reflect on your bank account or in your pocket. The actual withdrawal process is straightforward, and you can further take advantage of the instant withdrawal option. Naturally, every online casino will have its specific withdrawal methodology, but most of them tend to follow these basic steps:
- Log into your account
- Access the casino’s “cashier” or “wallet” sections
- Select the “withdraw” option to make a quick withdrawal
- Select your preferred payment method. If you are missing the necessary information, like credit card and bank account details, fill this in now. The usual online casino policy is that you will receive your payout through the same method that you deposited the money in the first place.
- Indicate the amount that you wish to withdraw. This can be your entire winnings or just a part thereof.
- Following the completion of all the mandatory steps, confirm the cashout and wait for the confirmation.
And, there you have it. If you follow these easy steps, you should never have any trouble withdrawing your money from any online casino. Also, remember that should you ever get stuck, you can always contact the casino’s online support team, who will help you and guide you through the process of making an online casino quick withdrawal.
How Long Does It Take to Cashout My Winnings?
Online casinos that have instantaneous withdrawals, where the winnings appear immediately on the side of the player, are extremely rare. For the most part, you will be required to wait a few days before you get your money. There are two reasons for this delay.
Firstly, online casinos require a certain amount of time, in accordance with their specific internal schedules, to process your withdrawal request. Generally, this takes them a maximum of three business days. During this period, you are allowed, at any time, to cancel your withdrawal request.
Secondly, variations exist between various payment methods. Some take longer than others, depending on what original method was used. The casino might accept only credit cards, or it might be a PayPal online casino that’s disassociated from traditional banking methods.
Take a look at the most common payment options and the amount of time that it takes to execute a payment using one of them:
Credit and debit cards
Three to six business days
Five to eight business days
One to three business days
Please note that these figures are based on general estimates and payments can occasionally take shorter or longer, depending on the casino.
Are There Any Restrictions to Look Out For?
Every casino adheres to specific regulation when it comes to withdrawals, be it company-particular or a legal requirement. Familiarise yourself with these by browsing through the casino’s online terms and conditions.
Here are some of the more common restrictions that you might come across when withdrawing your winnings:
Many casinos tend to limit the amount of money that a single player can withdraw over a fixed period of time. These limits can either be daily or weekly, but some monthly limits are also typical. High-spenders and VIPs tend to have more stringent limits than others.
Similar to the previous one, this limits the amount of money that can be withdrawn in a single go. Even if you are allowed to withdraw a large lump sum at once, double-check whether your payment method allows such significant transactions at a time.
This deals with the number of times that you are allowed to withdraw, during a specific timeframe.
This governs how many times you are required to play through a bonus before you can withdraw your money. If, for example, you use a 20x betting requirement and a CA$100 bonus, you will need to wager 20 x 100 (in other words CA$2,000), before withdrawing funds that came from the bonus.
All regulated online casinos need to carry out security checks on existing and new players. This is to verify the authenticity of the payment details and the age of the player. Additionally, submitting your proof of identity (ID, passport or driver’s license) and proof of address is a common request. For any debit or credit card withdrawals, an image of the back and the front of the card is required. Should you need to send any personal information over, rest assured that all your details are safe, since online casinos make use of the latest encryption technologies. This covers any submissions either via email or using an uploading method on the casino website.
Winning at an online casino is just half the fun and having your hard-won bucks in your hands is where the real fun lies. Although it sometimes might appear daunting, following the online casino’s cash withdrawal steps carefully will guarantee that you have your payout in the shortest period. Happy withdrawals!