While most of the online casino players are preoccupied with the games themselves, sometimes it is important to know beforehand how you will cash out our winnings once you hit the jackpot. As a player, you need to know first where you will collect your winnings as well as the prerequisites before you can cash them out.
In this guide, we will provide you with the needed information about the several processes you need to go through before you can withdraw your winnings in a casino.
What happens when you cash out at a casino?
Picture this, after a few sessions of playing a slot game, you finally landed a lucky win. However, when you try to transfer your money from your wallet to be cashed out there is a prompt saying that you have to meet the wagering requirements before you can cash out your winnings.
Before you will be able to withdraw your winnings in a casino trực tuyến, you need to be aware of the limits that most casinos impose to prevent the players from taking advantage of instant withdrawal which could hurt the continuity of business of online casinos.
Here are some of the common withdrawal limits that casinos have:
Betting requirements – The most common restrictions on casino winning withdrawals are betting requirements. What this means is that you have to deposit a certain amount before you can cash out all your winnings.
Withdrawal restrictions – Withdrawal limits are designed by online casinos so that account users will be discouraged to withdraw all at the same time. The withdrawal limits restrict players to cash out winnings on a daily or weekly basis.
Time limits – This restriction only allows players to withdraw a certain amount at a given period of time. The casino will dictate how many times you will be able to withdraw your funds at a given point in time.
Amount restriction withdrawals – This limit refers to the certain amount of withdrawals a player can do at a time. Meanwhile, some casinos do allow their players to withdraw a large sum in certain situations such as after you hit a lucky jackpot.
It is important to know these types of restrictions so that you will not encounter problems in the future. It is better to read the terms and conditions page or contact the customer service staff of the casino to be safe.
Additionally, by knowing the restrictions, you will be able to control your withdrawal sessions which in turn could help you manage your bankroll wisely.
How long does a withdrawal take from the casino?
Like we mentioned above, the withdrawal process is linked to the withdrawal restrictions set by the casino. This includes the time it will take before you will be able to cash out your money.
If you happen to have checked all of the boxes in the restrictions related to withdrawal, the next step would be the actual process of withdrawing your winnings. Although, it is also essential to know that the duration of time it will take to cash out your winnings would be depending on the payment method.
E-wallets – E-wallets are by far the fastest way to collect all your winnings. Platforms such as Skrill, ClickandBuy, Neteller, and ecoPayz allow players to get their winnings in just a few minutes to a few hours. However, the money transfer services from these platforms have a transfer fee.
Credit and debit cards – Credit and debit cars are probably the most popular payment method in casino gambling. While it is not as fast as the e-wallet option, it is much safer and more reliable than its counterpart. Money transfers using these cards typically last 24 hours or more.
Bank transfers – Bank transfers on the other hand allows a much safer money transfer at the expense of time duration. If you choose the bk transfer option, expect that the transfer would take for five days or more, depending on the bank policies.
What’s the most you can cash out at a casino?
After we talked about how long it would take for it to be transferred, it is now time to know how much you can withdraw from these payment options.
For e-wallets, being the fastest withdrawal method there is, the withdrawal limits typically range from $100 to $2,000. Meanwhile, credit and debit cards could allow a cash out after 2 to 4 days and it is between $500 to $2,000.
For bank transfers, the typical withdrawal limit for this banking method is usually $2,500. It is essential that you know the withdrawal limits of certain banking methods beforehand so that you will be able to assess your bets and know the right option for you.
Cashing out your winnings is probably the most exciting part of online casino gambling. However, it is much wiser if you know the withdrawal limits in your casino as well as the suitable banking option for you. Cash out your money now on your online casino.