Collecting winnings is an important part of playing online. Players don’t have to withdraw their bank balance at the end of a playing session; rather any positive balance is remembered by the casino for the next time a player logs in. However, when a player wants to cash in this is usually relatively easy; with the cashier being how a withdrawal request can be made. Let’s find out How to Collect Money from Online Poker Machine Games?
Players should always be aware of a casino’s withdrawal policy. Some casinos may only process withdrawals at a set time of the month, or have limits on the minimum and maximum amounts that can be withdrawn. It is for this reason that players should fully understand a casino’s policies before depositing. Some casinos may also ask for proof of ID, and of funding authority (e.g. copy of a used credit card) before releasing funds.
Decide the withdrawal option
Withdrawal methods to choose from before starting cashout at the online casino are very important.
Before you even attempt to make an online casino withdrawal, you must decide which withdrawal option is right for you. Most premium online mobile casinos will offer you lots of cash-out options, but not as many as you can use to deposit funds. For this very reason, before ever selecting a casino, make sure they have a cash-out option that works for you – even if you see that your favourite deposit method is supported.
There are many different payment methods available to those who would like to play for real money online, depending on how fast and cheap you would like transactions to be, what your budget is, how important privacy is for you, and what the legal constraints of your location might be.
How to withdraw your winnings?
When it comes to processing the withdrawal the casino will first check that you can make a withdrawal. This may consist of checking that all paperwork is there; or that any bonus wagering conditions have been met. A casino will then make the refund usually after checking with the player; about the best way to make the withdrawal. However, some casinos will enforce a specific withdrawal method.
1. Credit Cards Withdrawals
Credit card cash-outs are relatively straightforward. All you need is to provide the online casino with all of the same billing/card information that you provided to make your credit card deposit and let the process work in reverse. These can be processed in less than a week in some cases, and they’re extremely safe, due to the considerable protections offered by your credit card company. Note that MasterCard can no longer be used to withdraw funds from your online casino account, though other brands like Visa are still quite useful.
2. Wire Transfers Withdrawals
Using wire transfers to cash out your real money winnings is ideal, especially if you used a deposit option that cannot be used for withdrawals, like MasterCard, and it should be an option no matter where you live! You need to trust your online casino to make a transfer of this kind since it requires you to share your bank account information. However, by cutting out the middleman, your casino money will arrive directly at your fingertips within about 5 to 10 business days.
3. Cheques & eChecks Withdrawals
The most popular method is cheques and eChecks at almost all mobile casinos. Cashing out of an online casino site via cheque works no matter what technical limits you may face, and there really is something to say about the experience of receiving a freshly cut paper cheque with your winnings – you can’t frame a wire transfer! Expect a few days for processing, and then a few more for delivery.
You can also use eChecks, which is just as safe and reliable as physical cheques, but much quicker.
4. eWallet Withdrawals
eWallets are though less used for withdrawals but are still popular options. You can use EcoCard, Skrill, and Neteller are collectively known as eWallet services because they let you store money in an online account – like an electronic wallet – ready to spend, save, and retrieve whenever you feel like it.
In most cases, these online accounts are linked to your checking account. You can seamlessly move money between your physical bank and digital account, where it can be used in conjunction with your online casino. Withdrawals to eWallet accounts generally take 2-3 days before the money appears in your eWallet account, and you’ll need to allow a few more days to pull the funds down to your bank.
5. Bitcoin Withdrawals
Bitcoin as a cryptocurrency is said to be completely anonymous and transparent at the same time. All bitcoin transactions are publicly listed, but not to fear there is no personal information or data attached to any Bitcoin transaction! There is a transaction code that the sender and the receiver of the bitcoin-only know. This means there is complete transparency between the sender and the receiver and no one else! In other terms, there is no hand of any bank or middle man and it’s just you and your winnings.
Traditional Methods of Withdrawing
More traditional methods of withdrawing are also there. This includes the sending of a check by mail or courier. However, ‘regular’ checks can take 4-5 weeks to arrive as they often get mail from obscure places. Whilst courier checks are much faster, you can pay around $30-$35 for this facility.
Finally, wire transfers are often also available for the sending of funds. However, again there may be a $30-$35 charge for this service making it uneconomical for small-value withdrawals.
In addition to the above casinos may also offer alternative withdrawal solutions. However, details of these you will find on the casino website – a player should look for sections headed ‘banking’, ‘withdrawals’, ‘my account’ or ‘cashier’. Note playing free pokies does not involve withdrawals.
Consider Withdrawal limit
Also, note that the limits on withdrawing money from your online casino account will vary from casino to casino. Usually, the withdrawal minimum is $50 with no limit on the withdrawal maximum.
Some casinos have a policy of a 6x or 10x bonus or deposit withdrawal. This means for example: that if you make a $300 deposit and $600 bonus (200% match bonus) you can only take out $600 or $1000.
To make a withdrawal, simply choose the payment method you wish to use in the banking section of your account. Withdrawal requests may take 48-72 hours to process, during which time you are also able to reverse the request.
Points to remember before you think to make a withdrawal at online or mobile casinos
Always read the terms and conditions associated with withdrawals. Infact you can read the withdrawal policy at the online casino and understand things better. Most casinos only offer cashouts via the same method you used to deposit.
The faster you can have access to your cash, the better. Withdrawal should be speedy and easy so find out how long your withdrawal method of choice takes before you use it.
Use Reliable Services with Fraud protection policies
Make sure that you use a service that practises top-of-the-range security and encryption. Use trustworthy services with fraud protection policies to make sure your money stays yours.
Choose a withdrawal method that works for your lifestyle. Perhaps you’d like to keep your personal details separate from your online betting. Or perhaps you’d want one without a daily withdrawal limit. Do your research and make the choice that’s right for your gambling habits.
Online casinos’ real money welcome bonuses usually come with some conditions attached and a common feature of these conditions is time limits. Fast payouts may not be possible at some casinos because they expect you to play a large number of times or games before you can withdraw your winnings and so it is often best to pick different casinos. The best casinos online tend to feature bonuses that have simple and realistic welcome bonus conditions, and where withdrawing your real money winnings is a fair and straightforward process.
Documentation is needed
Documents are required if you attempt a withdrawal at online or mobile casinos. You might need to submit the online casinos your ID proof mentioning your place of residence, country and other details Any utility bill, Driving license, or Social security number can suffice the above for withdrawal purposes.
Many online casinos especially the bitcoin casinos offer instant withdrawal, where you can have your winnings in your hand in a couple of hours. There is a wide range of available banking methods, and not all of them might be appropriate for you, so always review them and find which suits you the best.
Finally always better to consult the online casino help support for more details and avoid any rogue casino that doesn’t listen to your grievances or doesn’t withdraw on time. Play at recommended mobile casinos and have peace of mind to get back your winnings on time.