Getting money out of an online casino can be a frustrating process. Whilst depositing is usually completed instantly, it takes a little longer to withdraw.
Throughout this article, we are going to highlight several things that may delay a withdrawal to be processed and also show you things that you can do before withdrawing to reduce the wait time.
To play at any online casino you need to deposit money into your account. One of the biggest advancements within the sector over the last 20 years has been the number of payment options that are now available.
Depositing into your account with most of these options is a process that should take a few seconds. Once your funds have been cleared you will then be able to go on and play any of the real money games at the casino.
Withdrawing money is just as easy, but it generally takes a little longer for these funds to process than a deposit would. Timeframes will vary based on the payment method, but anything from 1 to 5 working days is about standard for most casinos and payment methods.
Whilst it may seem a long time, it takes longer to process withdrawals due to most needing some sort of manual verification and also processing times with your bank or payment accounts. If you ever need to return something to a shop for a refund, the money is rarely paid straight away and usually takes a few days. The same can be applied to online casino payments as well.
There are lots of small things that can cause delays when it comes to withdrawals. Both old and new online slot sites are very strict on making sure that all information is in place before processing payments, so you must have all of your details up to date to avoid delays.
Sometimes casino withdrawals can be declined or delayed, for a variety of reasons (Credit: PA Images)
One of the main reasons that they all need to be updated is to prevent money laundering. This has been a huge issue for online casinos and gambling sites in general, so they need to make sure that the person who is withdrawing the money is the person who is linked to that account.
Below we’ve listed some of the most common causes for withdrawal delays in the online casino sector.
Any winnings that you’ve accumulated from your account you are then able to withdraw. The process is relatively simple and the only thing you need to note is that it must go back to the original payment method that you used to deposit.
If you’ve used multiple methods here, then you need to clear off each one in order before moving onto the next one.
For example, let’s say that for three months you make three deposits using your debit card, Neteller account and PayPal, each for $20 and in that order. You strike it lucky on the slots and net a $100 win.
To withdraw your funds, you would first need to withdraw $20 back to the debit card, then $20 back to Neteller account before finally $20 back to PayPal. Only once they were all cleared can you then choose where you withdraw the remaining $40.
As long as the details on your account are up to date and you have a fully verified account, then there shouldn’t be any additional delays to withdrawing your casino winnings.
Verification is one of the biggest stalling points for a lot of players. If you’ve not been asked to do it, when it comes to withdrawing, you will almost certainly get asked. To speed up the process, contact support as soon as you sign up to verify your account and this means that when it comes to withdrawing, there are no delays.
Take the time to check the reasons why a withdrawal might not go through in the sections above and make sure you aren’t in breach of any of these. If you have any issues or you think that you may flag on one or more of these, address them as soon as you can. Contact support at your casino who will be more than willing to help and also shed any light to any potential delays.
The online casino sector has grown massively over the last decade or so. One of the areas that have benefitted from this growth is the range of payment methods on offer.
Below we have listed as many as we can, but it’s worth noting that not all casinos will have all methods accessible.
Most banking methods will come with limits for both deposits and withdrawals. You can check the limits before you use any of the payments to see if it fits with the sums of money you want to get in and out of your account.
For the most part, limits will be based on a per-transaction basis, meaning that it will be the max you can move for that single transaction. If you need to move higher than the stated limits, then you might need to make several transactions.
There will be limits based on the frequency of withdrawals in particular. Some casinos may give you one free withdrawal a month and then charge a fee after that.
If you feel like the casino is too limiting and nothing suits your needs, we recommend that you reach out to them to see if there is a workaround. If you’re hitting casino limits, then there is a good chance that you are playing higher stakes. Casinos are usually more accommodating of their higher stakes players so they may waive these limits or manually process them for you in return of you sticking around.
The fastest way to get your money out of a casino is almost always via that of an e-wallet or an online payment method. The likes of PayPal, Neteller and Interac are all methods where you can expect to get your money within a few hours, if not instantly.
This is because there are no bank checks to be made to process the withdrawal and all you’re waiting for is the casino to push it through, which is usually pretty quick.
You need to head to your account and then select the withdrawal method of choice from the banking section. Enter the amount for withdrawal and then click process.
It’s always best to first check with the casino to make sure that the withdrawal has been processed. If so, then the next step is with your payment provider to see if there are any issues or delays on their part.
If a casino refuses to pay, then you need to get to the bottom of why. If you feel like you’ve not breached any rules of terms, then you can contact the licensee for that casino.
Usually, it can take between 1 to 5 working days. Some methods, like electronic wallets, take less than more traditional methods, such as debit or bank payments.
Verification is usually processed within 24 hours for most online casinos. This can be much quicker for larger casinos and sometimes longer for smaller ones.