Casino Withdrawal
When you sign up at a new casino, you probably have a list of things to look out for right? How can you fund your casino account, what bonuses can you pick up for signing up, what games are on offer etc.
As these are all immediate, and exciting, things it’s only natural that these are the features we pay the most attention to. However, this does mean that players often overlook features that they won’t be using until a later date, predominately, how can you cash out and retrieve your winnings?
Withdrawing at a casino can often be one of the most stressful parts of the whole casino experience as some casinos make it very difficult for players to get their hands on their winnings! However, this shouldn’t be the case and there are plenty of great casinos around which do offer speedy and straight-forward withdrawals.
- For example, if the daily limit is $10,000 and you have requested a withdrawal of $100,000, you will be paid $10,000 a day for ten days, until the full amount has been paid to you. It may not just be the casino who implements withdrawal limits.
- At Casino.com, we believe that it is important for you to be reunited with your money as quickly as possible. It is also essential that we abide by regulatory practices to process withdrawal requests in a secure and legally compliant manner.
Short Waiting Time. With fast payouts, your wait will be minimal. Online casinos that payout fast offer instant withdrawals and transfers. All you’ll need is a certified payment method, and you’ll be ready to receive funds instantly.
In this guide, we’ll discuss the following:
- How you can make a withdrawal at an online casino
- All the major payment methods that you can use to do so
- What to do if anything goes wrong
- BONUS: we’ll also be looking at why it’s important to cash out regularly, and how this can impact your gambling success.
How To Make a Casino Withdrawal: A Step by Step Guide
At most reputable casinos, withdrawing is a pretty easy affair. It usually takes a matter of seconds and can be done by simply vising the casino using whichever device you’ve chosen to play on, be that via desktop, tablet or mobile.
However, withdrawals for new players or at a new casino can often feel a little daunting. Luckily, most casinos operate in the same way and so you can simply follow these four steps to get you started:
- Log in to your casino account and visit your ‘casino wallet’ or banking page.
- Select a payment method.
- Click the withdrawal option and input how much money you want to take out of your account.
- Click confirm to make sure the withdrawal request has been made successfully.
That’s it! We told you withdrawing at a casino would be a walk in the park! However, whilst requesting a withdrawal may be easy, there are plenty of other factors you should consider before deciding to cash out.
What Withdrawal Method Should I Use?
When you make a withdrawal at an online casino, you will generally have to make it via the same method you deposited with. This is due to anti-money laundering regulations, although there are some exceptions to this rule e.g. if you originally deposited via a method which doesn’t accept withdrawals.
With that in mind, when you choose a certain depositing method at a casino you should consider how withdrawals are processed via that method too. The popularity of the online gaming industry means that there are now more payment solutions for online casino players than ever before, yet each comes with its own advantages and disadvantages. You should weigh these up to decide which method is best for you.
How Long Do Withdrawals At Online Casinos Take?
As you may have noticed from the table above, it can take a different amount of time to receive your withdraw depending on which withdrawal method you’ve chose. All withdrawal requests are subject to a withdrawal processing time.
This is the time in which it takes for the casino to receive your withdrawal request and accept it. This changes from site to site, but most decent online casinos will process withdrawals within a 24-48 hour period.
After this, withdrawals can be quicker or slower depending on which method you’ve used. Below you can see the average total time a withdrawal will take via some of the most popular methods:
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| Neteller | 1 – 2 working days |
| Skrill | 1 – 2 working days |
| PayPal | 1 – 2 working days |
| Credit/Debit Card | 2 – 5 working days |
| Bank Transfer | 2 – 5 working days |
| Cheque | 5 – 10 working days |
Why Can’t I Withdraw?
If you’ve found that you’ve requested a withdrawal but it’s not been accepted, this could be due to a number of factors. Before you go ahead and contact the casino’s customer service department, it’s useful to check whether any of these things could be restricting your ability to cash out:
Wagering Requirements
If you’ve taken advantage of a casino bonus or won casino funds via a promotion, then your withdrawal could be being rejected because you haven’t cleared wagering requirements.
Wagering requirements are generally expressed as a multiple (e.g 20x) and signify the amount of times you need to wager bonus cash before you can withdraw it. These requirements prevent players from simply picking up bonuses and then withdrawing the cash and vary from casino to casino. Check your casino’s terms and conditions for specific details.
Withdrawal Limits
Every casino will impose withdrawal limits on their players. These are the minimum or maximum amounts of cash you can withdraw from your casino account within a selected period.
Therefore, if you’re struggling to withdraw it could be that you’ve reached your limit. Withdrawal limits also vary from casino to casino, and from payment method to payment method so it’s always wise to check your casino’s terms and conditions.
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Alternatively, your withdrawal could be rejected if you’ve requested an amount under the minimum withdrawal limit. Casinos often require players to only make withdrawals above a certain amount (usually around £20), so that they don’t have to process hundreds of smaller payments.
Security Checks
All UK companies, including online casinos, must adhere to ‘Know Your Customer’ laws, which were designed to prevent money laundering. This means that a casino may be required to obtain identification from you before you they can process your withdrawal request.
In some circumstances, you may also be asked for proof of address such as a utility bill. In general, you’re more likely to be asked to verify your identity if you’re withdrawing via a different method to the one you deposited with.
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The name speaks for itself – this kind of casino will offer the fastest payments out there, sometimes under 12 hours. This makes it quick and easy to access your winnings if you’re fortunate enough to land some major cash. Some fortunate people may find this to be the case, but as a general rule, it simply means that the transaction is relatively fast.
Fastest withdrawal methods
This will depend on where in the world you live. Many people worldwide are increasingly using Bitcoin’s digital wallet for an instant withdrawal after winning big at an online casino. Other cryptocurrencies are also gaining in popularity as instant withdrawal options.
The benefits of using a cryptocurrency digital wallet are numerous. Not only is this payment method anonymous, protecting your identity and online activity, it is readily embraced by online casinos, due to the lack of need for a third party i.e. a banking system. Furthermore, many of the best online casinos will offer bigger bonuses for customers who make a deposit using Bitcoin, meaning that there’s more opportunity to win big and make use of the instant withdrawal option.
Those in Europe have a safe bet with PayPal, which is one of the most trusted online wallets in the world. The strict rules PayPal has in place about which vendors it will accept means that those online casinos who do use PayPal will be regulated by both the governments of their country and in those who are also in PayPal’s approved countries.
Other e-wallets that are well-known in the gambling world are Skrill, Boku, Alipay and Visa. The added bonus customers gain from using this withdrawal method is low fees.
Slowest withdrawal methods
In terms of payment methods, the cheque is commonly known as the slowest withdrawal option. Those wanting an instant withdrawal option should avoid this, as it can take a few weeks for a cheque to arrive, and an additional 7-10 working days on average for deposited cheques to appear as funds in your bank account.
Some casinos can only offer bank account transfers that take 6 to 10 working days to process, so it isn’t recommended to use this method if you can set up an instant withdrawal method such as an e-wallet. Similarly, Visa, Mastercard and Maestro can take around 3 working days to process, so if you are put off this option but also don’t want to use an e-wallet, you could try Skrill, Neteller, Instadebit or EcoPayz, which – while they aren’t instant withdrawals – offer a processing time of 1 to 2 working days on average.
Withdrawal time
There are a few factors which can influence whether a payment method offers instant withdrawal or not. Firstly, consider the online casino’s website optimisation. If it hasn’t been designed well, or uses a poor server hosting provider, it could lead to slower transactions and paying times.
Another factor is your location. For example, if you are living in the US, withdrawal times may take much longer. This is because there are only a few online casinos in America, as there are only a few states which fully permit gambling, such as Nevada, New Jersey and New York. Several others will allow certain forms of gambling, but the rules become complicated, which will slow down the processing time.
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Those living in Europe, Australia or Canada, on the other hand, can often enjoy instant withdrawal for their online casino winnings, with many payments reaching accounts within 24 hours or sooner.
Withdrawal speed
There isn’t a lot you can do once a withdrawal process is in place to speed it up. However, there are some steps you can take to prepare beforehand which will make everything go much more smoothly.
Many reputable casinos will require an identity check before releasing funds to an account, so make sure all of your details are ready to go when it’s time to initiate a withdrawal. Furthermore, make sure you plan your time accordingly – if you need money by a certain date, ensure the withdrawal process has a high likelihood of being completed by or before this time.
If you’re living in the US, find out how long the withdrawal process is likely to take in your state, and whether any additional checks need to be carried out by the personnel team at your chosen online casino. Many casinos these days offer a live chat feature so you can find out further details quickly and easily. Alternatively, you could call them if a toll-free number is available, send an email or use the FAQ pages to find out the information you require.
Finally, choose your payment method wisely. Those using e-wallets for an instant withdrawal are likely to have more joy with gaining their cash quickly, as opposed to someone who requests a cheque.
Withdrawal limits
Online casinos will often have withdrawal limits in place, which can vary according to which withdrawal method you are using. There could be just a maximum limit, or a minimum one imposed as well. They could be implemented across a daily, weekly or monthly basis, or several of these timeframes.
Many gamblers will already be aware of minimum withdrawal limits after engaging in welcome bonuses or promotions, which require them to make a minimum deposit of $10-20. However, the maximum withdrawal amount can vary hugely from casino to casino, so it’s worth reading the terms and conditions before signing up as a customer with a particular online casino. Discover the best no deposit casinos here.
If you request a withdrawal amount higher than the limit, an amount equal to the maximum will be paid in installments over a set period of time. For example, if the daily limit is $10,000 and you have requested a withdrawal of $100,000, you will be paid $10,000 a day for ten days, until the full amount has been paid to you.
It may not just be the casino who implements withdrawal limits. Depending on the method you use, there may be limits associated with how much you can withdraw to the account. Some credit or debit card issuers may have limits imposed on how much you can withdraw to your account in one go, and the same goes to e-wallets. Before making such a request, it’s worth doing your research beforehand to avoid any disappointment.
What are the best online casinos for instant withdrawals?
Based on the factors mentioned above we have compiled a list of online casinos that allow you to easily withdraw your winnings through an instant money withdrawal service.
SlotsMillion Casino
This casino has a space-age theme and features a range of casino games ranging from video slots to classic table games like poker, baccarat, and roulette. Withdrawals done via Neteller and Skrill can be completed within 24 hours and the site is accessible using Android and iOS mobile devices. All transactions at SlotsMillion Casino are protected using SSL encryption which guarantees the safety of all cash transfers.
Betsafe Casino
There are plenty of online casinos with fast money withdrawals but Betsafe Casino stands out due to its overall appeal. The site has a modern, easy-to-use interface and also has a unique seed trade system. The casino is also highly ranked by users due to its impressive game portfolio that includes Video Slots, Roulette, Poker, Blackjack Baccarat and plenty more. The site also has a live gaming section that features Blackjack and various types of Roulette. All these great features are functional on smartphone and tablet devices for those who prefer to play while on the go. All fund withdrawals that are done using the site’s e-wallet take between 2 and 24 hours to complete.
Shadow Bet Casino
Shadow Bet Casino is powered by several software providers including Microgaming, NetEnt, NextGen Gaming, Betsoft among several others. Players can enjoy a wide array of slots, table games and specialty games catering to various preferences. Shadow Bet Casino stands out because it is possible for players to withdraw payouts within an hour. This is an amazing processing time and it definitely makes it convenient to carry out transfers via the e-wallet system.
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Royal Panda Casino
The modern Royal Panda Casino that has an inviting and intuitive user interface. The site has several features that are not often found on similar platforms. For instance, a multitasking feature allows site users to play up to 4 different games simultaneously. Most of the games are powered by NetEnd and Microgaming and some of the favorite slots available include Mega Joker, Cash Splash, Big Kahuna, South Park and Gonzo’s Quest. Live games are also on offer with special dealers for games like Baccarat, Black Jack, and Roulette. This casino has a great banking system that allows players to withdraw any earnings over a period of between 1 and 3 days.
PlayOJO Casino
PlayOJO Casino offers you a comprehensive online casino experience and this has made it one of the main contenders for the Best New Casino of 2017 Award. Some of the outstanding features of PlayOJO casino include a sleek design, variety of slots, classic casino games, mobile access, and no wagering bonuses. Another great feature is instant payouts which allow players to conveniently access their winnings in the shortest possible time. Find here our selection of the top no wagering casinos.
Bet365 Casino
This is one of the most recognizable brands in online and offline gambling. Bet365 Casino offers a comprehensive portfolio that includes over 600 casino games, sports betting, specialty games and many social gaming options. Mobile users can enjoy full access to the game portfolio via Android or iOS devices. Site users with any problems can contact the support staff who are on standby 24/7 via Live Chat, phone or email. Withdrawals can be done via e-wallet and transactions can take anything from a couple of hours to 3 days depending on specific service providers.
Summary
While payout time is dependent on lots of different factors, it is one of the most important factors to take into account when choosing which online casino to play casino games at.
The information isn’t always easy to find, it may be tucked away in the terms and conditions or at the bottom of a sign-up page but we recommend taking the time to have a look, in order to avoid that frustrating wait to enjoy your winnings; especially if you told the wife you would take her out for dinner.
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