So you have been fortunate enough to win some money at an online casino. Now you want to get your hands on that cold hard cash, that’s understandable.
The following article aims to talk about your various options for withdrawing your winnings as well as the process you may have to go through to get your money.
First of all, all the casinos featured on this website pay out winnings to players as far as we know. In the light that we get information that casinos are not paying out players, we quickly remove them from this website and add them to our blacklist so that we don’t send players to unscrupulous casinos.
That being said, players often need to go through a process to get their winnings, especially if they are significant.
Sending in Verification Documents
Some players get frustrated when they are asked to send in verification documents to the casino for either depositing or withdrawing money. The first time i was asked this i became a bit aggravated, i was confused why they wanted this information and i was concerned about my privacy. However it was explained to me that it was for both mine and the casinos protection.
By law the casinos have to store this information securely and cannot abuse it.
The most common verification documents that are asked for are either a photocopy of your passport, credit card or utility bill. The main purpose of asking for this verification is to make sure you are who you say you are. This process would stop hackers from using your credit card information and depositing large amounts of money they did not own on to the online casino.
All in all, the verification process is for both yours and the casinos safety and stops credit card fraud and money laundering.
Cash Out Methods
Most online casinos allow you to deposit and cash out in a variety of ways. Commonly the casino requests that you cash out using the same method that you deposited with. So for example, if you deposited with a debit card, they would like you to cash out with that same debit card.
Commonly though, casinos prefer that you deposit and withdraw your money using a third party payment method. This adds an extra layer of security to both the casino and the player.
Common third party payment methods include Neteller, Entropay, Click2pay, Moneybookers, PayPal and more.
Failing that popular cash out method is the good old fashioned check. Please be aware that checks do take time to be sent through in the post. Sometimes up to a week or longer.
Casino Cash out Time
Casino cash out time is very operator independent. Some casinos will do same day cash outs whereas others you may have to wait up to a week. I understand that this can be frustrating to the player and i myself have been frustrated by having my bankroll stuck an online casino for up to a week. If you like to hop around online casinos and use the same bankroll on each site, it is probably in your best interest to look at each casino operators cash out time table. Each site will usually tell you how long it takes for them to process and authorize each transaction.
One thing that has frustrated me deeply is that a casino can often process your debit card transaction instantly, allowing you to start playing straight away. However, when you want to cash out your funds you will end up waiting up to a week and having to go through an extensive verification process.
In my experience this is just how the industry is and it’s generally accepted as the norm. Players should be aware of this and factor this information in to their decision of whether to deposit at an online casino or not.
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