How to cash out in an online casino

So, you’ve hit some big wins gambling online and now you’re ready to enjoy your winnings. All you need to do is get your money out of the casino and into your bank account. Sounds easy, doesn’t it? Every online casino has different procedures and policies when it comes to withdrawing your earnings, but when comparing them all they are all much of muchness.

It just takes a little more effort and persistence than it would at a traditional casino. We’ve put together a great guide to get you familiar with the process of withdrawing your earnings. We’ll go through the basics of withdrawing from an online casino as well as few tips on making the process as efficient and easy as possible.

Let’s get started!

Regardless of which online casino you use, withdrawing your winnings boils down to three simple steps:

Step 1: Find the cashier. This is where you originally deposited your money

Step 2: Select withdrawal and choose your preferred deposit option

Step 3: Insert your personal and billing information and click the “withdrawal” button

Now let’s explore each step in more detail.

Get to know the cashier

 

As with any online business transaction, you need to create an account with the casino. This normally only takes a few minutes and is relatively easy to do. You’ll need to provide some basic personal information, a password as well as accept the casino’s terms and conditions.

Some online casinos prefer you to play from their mobile app while others let you play directly in your internet browser. Whichever you choose, make sure you are acquainted with the cashier. The cashier is where all the financial transactions take palace. From deposits and withdrawals to tracking past transactions, it all happens at the cashier.

Simply look for a big button marked cashier, generally found in the lobby area of the casino.

Withdrawals

 

There is nothing more exciting than the possibility of hitting the jackpot. Whether you win big or small you have to cash out before you get too excited. All online casino sites give players a wide range of options when it comes to withdrawing winnings.

In most cases, the way you deposited the money to start with is the way you can withdraw your money. Credit and debit cards, e-wallets, and bitcoin are offered as withdrawal methods as well as being able to receive a cheque. To make a withdrawal go to the cashier, select withdrawal, the method, and the amount. It’s as simple as that.

It is important to note that a withdrawal generally takes longer than a deposit. Also, if you have earned any bonuses, you’ll need to meet the respective wagering requirements to claim the bonus before you can cash out.

 

The speed of payouts

 

Once you have decided to cash out, the casino will ask you to verify your identity in order to prove that you are older than 18 years of age. This usually will be in the form of submitting a photograph of your identity document. The reason why a withdrawal takes longer than a deposit is because the transaction needs to be manually approved by a casino staff member.

Provided that you are playing at a reputable casino, this can take anything from a few hours to a few business days, so remember to be patient. Once your withdrawal is approved it could still take about a week to reflect into your bank account. If you are using a Bitcoin or e-wallet it generally goes quicker and only takes a few days. A cheque on the other hand could take weeks.

All casinos have published timelines on the withdrawal process, so be sure to check them out so you know what to expect.

Fees and Restrictions

 

Be sure you understand the fees that are to be incurred before making any transactions. These vary dependant on the method used and are published on the casino’s site for your reference. We’ve listed a few of the most common restrictions in place when it comes to withdrawals:

  • Wagering requirements – This refers to the number of times you need to play through a bonus before being able to withdraw.

 

  • Withdrawal limit – Most casinos place a limit on the amount a player can withdraw over a certain period. These are normally set in daily, weekly, or monthly limits.

 

  • Time limits – The number of times a withdrawal can be processed

 

  • Amount limits – This refers to the amount you are able to withdraw per transaction.

Tips for efficient cashout

 

  • In order to ensure you enjoy an easy cash out process, be sure to read all the terms and conditions. In most instances, you will only be able to withdraw via the same method you used for the deposit.

 

  • Before making a deposit find out how long it takes for a withdrawal as you’ll want to be able to access your winning as soon as possible.

 

  • Ensure the online casino you are using offers world-class encryption and security. Your personal and financial information must in now ways be shared with any third party organizations.

Best withdrawal methods

 

Debit and Credit card withdrawals are amongst the easiest and most popular. All you do is supply your account information and the casino will process your winnings to that account. E-wallets like Skrill and PayPal offer an extremely quick turnaround time.

As an e-wallet does not involve a traditional bank account, this makes it a lot faster. There you have it. It’s not as complicated as you thought.

Although there are a few extra steps involved when withdrawing your winnings from an online casino as opposed to a land-based one, withdrawing your winnings can be easy and efficient, provided you have read and understood all the terms, conditions, and withdrawal methods.

Now go win the big bucks!