Guide: Withdrawing Your Winnings from Online CasinosPublished October 5, 2014 by Mike P
Make sure that you understand the basics of withdrawing winnings from your favourite casino sites.
Casinos are understandably helpful when it comes to informing you of how to make deposits, but you should also be aware of how to make withdrawals. Finance is not a one-way process with casino sites, with some players winning thousands of dollars. Knowing the intricacies of how to withdraw winnings will enable you to complete the process quickly and efficiently.
A Winning Case Study
Winner Casino has an outstanding process in place for withdrawing winnings. The online casino has taken the time to produce a photographic guide complete with instructions. Any doubts that players have will soon be eased by their ready access to helpful information.
The process starts off by players visiting the cashier using the “Withdraw” tab. This will then give the player a space in which to enter the amount of winnings that they would like to withdraw from Winner Casino.
A list of payment options will then be provided, with the player having to choose the most suitable for them. Lastly, there is an option for checking the status of all pending payments. This will provide guidance as to which date the funds will be transferred on.
Choosing Payment Methods
For online casinos that accept standard debit/credit cards and e-wallets like PayPal and Neteller, these are the simplest ways in which to withdraw funds. They are the most utilised by casino operators and they have refined their process.
A potential drawback of safe alternative payment methods is that some of the newer options are suitable for performing withdrawals. For instance, e-vouchers like Ukash and paysafecard do not offer a withdrawal function for online gamblers, which is why an alternative should be chosen.
For players struggling to make withdrawals, do not forget that you have the right to request a wire transfer directly to your bank account. Another alternative is that you request a banker’s draft, detailing the amount owed, to be sent to your home.
Daily Withdrawal Limits
Something to watch out for is the daily withdrawal limit for an online casinos. Most sites will have at least some form of daily limit in place, which means that you will slowly need to withdraw larger sums of winnings over a time.
A typical daily limit could be in the region of $2,000, although other operators might go even higher than that. For winners that score jackpots worth hundreds of thousands or even millions of dollars, the casino will agree upon a payment plan to award all of the funds.