How To Make Withdrawals At Online Casinos
Withdrawing winnings at an online casino is as simple as entering the ‘Cashier’ section where you can choose from a range of banking methods and enter the amount to withdraw. However, it is essential to understand that casinos vary in their withdrawal policies. Some casinos mandate that players request cash outs in the same method they used to make a deposit.
Before making the first withdrawal, it is mandatory to complete the verification process by submitting documents that prove your identity. This is a one-time requirement but casinos will not allow withdrawal without completing it once.
Withdrawals using credit card
It would have been great if all credit card companies allowed withdrawals back to credit cards across the world. However, this is not the case. Some credit card processors allow withdrawals back only to certain countries. Many credit cards allow a maximum withdrawal of the sum equal to that deposited using the card. Players from countries where withdrawals back to the credit card are not permitted ought to choose other options such as eWallets, checks, and bank wires.
E-wallets remain a popular withdrawal option
eWallets are one of the most popular options for players that are not permitted to or do not use credit cards. Neteller, Skrill, Click2Pay, uKash and Paypal are some of the payment methods offered by most casinos. These are a quick, cheap and safe method with the maximum guarantee of security of your confidential information.
Wire transfers are the universal payment option where the withdrawn sum directly enters a player’s bank account. However, the only drawback is that it takes a long time for the money to start reflect in your bank account. In addition, a flat fee is charged for most bank wire transfers, which makes small transfers expensive.
Hold or pending periods
Withdrawal requests are not processed instantaneously at online casinos. A hold period is usually imposed which is normally of 24-48 hours duration. During this time players can choose to have their withdrawal request cancelled, which is also known as a reverse withdrawal. Generally, players have to get in touch with customer support to cancel their request.
Online casinos allow only a certain part of the winnings to be withdrawn. Some sites may restrict the withdrawal to a single transaction. Others put a limit to the amount that can be withdrawn over a period of a week or a month. It is always prudent to assess these limits before signing up.