The good thing about modern online casinos is that you have the liberty to choose what withdrawal method to use. But, the offer may vary depending on the site you will play. Also, you have to keep in mind that not all withdrawal methods may be available in your country. You can check this site https://top-canadiancasinos.com/free-spins to know what withdrawal method is available in your area.
So, before making your first deposit at any casino site, be sure to look around and see what options are available. But first, a quick rundown of some of the things you need to know about casino win withdrawals.
Tips on Withdrawing Real Money From Online Casinos
It is only natural that you are eager to cash out your money after playing and winning. Withdrawing real money from online casinos is a simple process, and you can take advantage of instant withdrawals.
Here are the things you need to do:
- To begin, go to the website where you created your account and sign in.
- Proceed to the “Cashier” or “Wallet” page of the casino, whichever is appropriate.
- Select “Withdrawal” to make a quick casino withdrawal.
- Select a method of payment. You’ll be forced to use the same method for both deposits and withdrawals in most casinos.
- Choose how much money you want to take out of the online casino.
- When you’ve completed all of the necessary steps, click “confirm” and wait for the completion of your request.
Withdrawal Restrictions
When it comes to online casino withdrawals, each casino has its set of rules. It’s a good idea to familiarise yourself with the fine print ahead of time. Here’s a list of the most common withdrawal restrictions, along with a brief explanation.
- Wagering Requirements – Making a withdrawal is only possible after wagering a bonus amount a certain number of times. Let’s use a £100 bonus and a 20x wagering/betting requirement as an example. You must wager 20×100 or £2,000 before you can cash out the bonus funds. Some casinos require you to play through your deposits before you can cash out. The wagering requirement would be (100+100) x20, or £4,000 in this case.
- Withdrawal Limits – Most casinos limit the amount of money a player can withdraw at a given point in time. The casino typically sets withdrawal limits on a daily, weekly, or monthly basis. Increased privileges are the norm for VIP members.
- Time Limits – The maximum number of withdrawals you are permitted to make in a given period. You can make withdrawals only a certain number of times in a given time.
- Amount Limit Withdrawals – The maximum amount of money a player can take out at a time. Some online casinos allow players to make a single large withdrawal in certain circumstances, such as after a large win. To avoid disappointment, it’s essential to verify that the payment method you’re using is capable of receiving a specific amount of money at a particular time (e.g., once a day or once a week).
To ensure the safety of both new and existing customers, all regulated online casinos must conduct security checks. This is to verify that the customer is of legal gambling age and that the customer’s payment method is legitimate. To know more about casino games, you can learn that roulette is one of the easiest games to gamble online.
Withdrawal Methods
Online casinos allow you to cash out your winnings using the method you used to deposit money, but some only allow this if you’ve previously used the same way to withdraw money. Below are some of the withdrawal methods you can consider.
Credit Cards
Most online gamblers use credit cards. Their security matches their usability. Never withdraw to a credit card that was used to deposit.
Even if MasterCard is accepted for deposits, keep in mind that not all online casinos accept withdrawals. This is usually due to technical issues. Expect your MasterCard to work for withdrawals or prepare an alternative, like a wire transfer.
E-Wallets
The convenience of using an eWallet to withdraw funds from an online casino is unrivalled. eWallets like MuchBetter and ecoPayz are well-known and very popular among new online casinos in Canada. This means that deposits and withdrawals are fast and simple.
After the casino approves your withdrawal request, your funds will be available in seconds. Most seasoned gamblers prefer this method because it allows them to transfer funds quickly between casinos. Most casinos only allow withdrawals from eWallets after a deposit.
Wire Transfer
Only banking or a wire transfer is available for withdrawals at virtually every gambling site. The benefits and drawbacks are the same as with a standard wire transfer. It is highly dependable, and most people have easy access to it. However, the processing time is significantly longer than with eWallet, so keep that in mind.
Cryptocurrencies
Online casinos accept a wide range of cryptocurrencies for deposits and withdrawals. To make a purchase, you’ll need a cryptocurrency. The near-instant nature of most cryptocurrencies makes them ideal for both deposits and withdrawals. We don’t recommend this method if you’ve never used it. As a result, newcomers should avoid using cryptocurrencies. Your mileage may vary. It would also be interesting to learn that the world’s biggest crypto casino has secret Australian origins.
How Long Does It Take to Cash out Your Winnings?
Cashing out at an online casino takes time, so be aware of that before you start. Even though it’s quick, you’ll have to wait a few days because casino withdrawals aren’t always instant. Simply put, there are two reasons. Your request will take some time to process at an online casino.
Refund requests are usually processed within two to three days. Most cancellations occur now. Second, payment options abound. Some people will need more time. Quick casino withdrawal allows you to withdraw funds from your casino account quickly. Finally, pay using a method you’ve used before.
Reasons Why Your Withdrawal Did Not Push Through
Many reasons exist why your earnings may not be available at your bank or casino, but we get a lot of reports about these two scenarios:
- Wrong Data Details – It’s amazing how long an online casino takes to process bad requests. It’s hard to get them back on track. Don’t rush to submit your request form.
- Reverse Withdrawal – Many trusted casinos allow you to cancel your withdrawal request within 24 to 48 hours. Ensure this is disabled or ask your live support agent what to do.
Conclusion
Withdrawing your winnings at an online casino is easy. Log in to the online casino and request a withdrawal. Ensure the limits are met and that no bonuses prevent you from withdrawing your winnings. The money should be in your account within 1-3 business days after you request it. Keep in mind everything we have mentioned in this post, so you will not have issues getting your payout.