The truth is that everyone who plays at an online casino wants to win, and when you are lucky enough to win, you want to get that money in your hands in the shortest time possible. Unfortunately, not all online casinos pay as quick as you may want. That’s why you need to find online casinos that can allow you to withdraw your winnings quickly and without any problems. Relevant casinos online information, before making any deposit, you can find at good review websites, such as toponlinecasino.com.ph. In this guide, we will provide you with the necessary information you need to know.
Aside from the obvious waiting times for withdrawals, there are a few things that you need to know when join an online casino for the very first time. The withdrawal times are usually not the same-they vary between all the major payment methods. The different payment methods used include debit and credit cards, e-wallets, etc
Quick and slower payment casino payouts
The reality is that some methods are slower than others. It is important that you choose the right withdrawal method as doing so will make the withdrawal process a lot faster for you, although you will still have to bear with the internal mechanism of the online casino.
The best online casino will be very clear on its withdrawal policy, something that is indeed helpful to many people who play at the casino. You can find this information on the ‘banking’ page or check the FAQs section and the customer support area to see if they have mentioned anything relating to withdrawal of funds from the online casino. If you don’t find any information, you may want to contact them so that they can tell you exactly what payment they offer. Let us look at withdrawal times of different payment methods offered by online casinos:
- Credit cards
Credit cards are the most common and preferred method in most online casinos. This method takes 3 to 5 days. Some online casinos will require you to use your card before you can use any other method. It is easy to set up a card payment, but the downside is that it takes a long time to get your money. Although the industry standard for this method is 3 to 5 working days, some online casinos may take 8 to 10 working days. Well, casinos are mainly not to blame because this is how banks work.
This is the perfect withdrawal method for anyone who wants to get their money in less than an hour. E-wallets like PayPal, Skrill and Neteller are the most common, although this basically depends on the country you are in. One of the main advantages of using e-wallets is that they are faster to sign up since users are only required to provide their email address. In nearly all cases, withdrawal times for e-wallet are one minute to one hour. This is a faster method when compared to credit cards. However, PayPal is not as popular as Skrill and Neteller, but they are all tested and trusted service providers.
Cryptocurrencies are increasingly becoming popular and that means that they had to be included as a payment method by online casinos in order to attract as many customers as possible. Cryptocurrencies like Bitcoin are advanced services that outdo e-wallets. Unfortunately, they are not accepted by many online casinos. And while bank transfers are rapid as well, this depends on the service.
Rules for payouts
Payout rules vary from one casino to another. How fast payouts can be made isn’t the only affected factor and that can vary significantly depending on the internal process of the online casino.
Wagering requirements have an impact on withdrawals. There is no point having a fast waiting time when you can even withdraw in the first place. These requirements are usually put in place after a player accepts a bonus and must be met before withdrawing any money.
In addition, many sites have put in place a minimum withdrawal amount. SO, you will want to check the minimum withdrawal amount of any online casino before joining since a minimum of $20 can really make your life difficult at the online casino.
You also need to keep in mind the fact that the online casino will have its own internal processing time before deposit timeframe kicks in. For instance, although e-wallets are instant, the site may still request one or two working days to process the payments.
In the event that you are required to verify your account, this process may take longer. You may be required to provide proof of identity by providing documents such as your driver’s license, utility bills, bank statements to stop identity theft and money laundering
This is another important factor to consider. If a withdrawal is taking more than the required time or things are not going as expected, you will need to speak to a customer support team. Even if a casino has quick payouts and doesn’t offer customer support, you will still be frustrated.
Basically, it is recommended to use online casino sites with live chat support because they are instant and writing your queries in a text box is a lot easier than explaining it over the phone.
You also need to choose a site that is reputable and you can know if a site it has a good reputation by checking online. A reliable site uses reliable technology and avoids unnecessary downloads. These may seem like nonsensical issues but may lose you money.
Check to see if the casino has a license to operate. You can find this at the bottom of the homepage. You also need to look out for security, protecting transactions and approval from companies like eCOGRA which ensure fairness of the games.