There are two reasons why people join online casinos; for recreation and making money. If it is for entertainment, you do not have to use real money. However, for those who are looking to earn money, some things can affect how much you make, including; casino deposit methods and casino withdrawal methods. For instance, casino deposit bonus UK (extra cash you receive after making a deposit) can affect when and how much you withdraw.
Fortunately for players, there are different casino deposit methods and casino withdrawal methods. This means that a player can choose the best casino payment methods, depending on how fast and how much they wish to withdraw. Each of the methods has its benefits and downsides.
Things to consider when choosing casino withdrawal methods
The total amount of time the online casino takes to release payments through the particular method. Also, unless you are using a bank directly, you should consider how long it takes for money to be transferred from that specific wallet to your bank. For example, you might find that it takes an online casino 3-4 days to process a withdrawal to your PayPal and one day for bank cards. It is advisable to select the fastest withdrawal methods.
There are usually two charges involved; how much the online casino charges for sending payments for specific withdrawal avenues and how much it will cost you to withdraw money from that wallet, into liquid cash. For instance, you may find that the online casino sends payments to you free of charge, but the company (e-wallet or bank) that hosts your account applies charges. Opting for the method with least costs is wise.
In this article, we guide you to making an informed decision, when choosing a withdrawal method. Our list comprises the most popular withdrawal methods used in the licensed and regulated casino industry. Remember, the mode you choose can affect your earnings.
PayPal has gained popularity over time, achieving millions of active users and billions of transactions. PayPal is a secure, instant and easy way to withdraw your money from online casinos. PayPal is not free, but the charges are usually fair, about 0.3% of the total amount you are withdrawing. However, be cautious when storing large amounts of money on PayPal; they have been known to withholding if they believe that the cash was obtained illegally.
Neteller is another reputable withdrawal method for online casino players. Opening an account takes a few minutes, without unnecessary frustrations. In fact, players from over 200 countries use Neteller for receiving online casino payments. Also, your information and account balance are saved n trust accounts.
Skrill is undoubtful, a popular e-wallet. With Skrill, you can send and receive payments in more than 41 different currencies. As long as you verify your credit card, your transactions will be processed faster. With Skrill, you can quickly move your money around, from the bank account to your card and back.
Bank transfers are a classic withdrawal method of sending money from one bank account to another. In most casinos, to withdraw via bank transfer, you must first deposit the same manner. You will need bank information of your online casino, go to the bank and send your funds. For withdrawal, you just need your bank account number, your SWIFT number, and IBAN.
Yes, e-wallets and bank transfers are immpressive modes of depositing and withdrawing funds, but they are not the only ones. Bank cards (Visa, Mastercard and PaySafe) are an excellent way of depositing and withdrawing funds from your online casino account.
Something unique about a PaySafe card is the fact that you are allowed to make deposits and withdrawals of funds without revealing any information about yourself.
The standard debit and credit cards are as you have always used them. However, for PaySafe, you do not need a bank account or credit card. All you need is a prepaid PaySafe card that allows for secure payment and guarantees a 100% confidentiality of your transactions. This means that neither your personal information nor your card details can be seen.
Steps to making an online casino withdrawal
- Play then win.
- Request a withdrawal from your account.
- Select your preferred withdrawal method.
- Select the total amount you wish to withdraw.
- Wait for processing and completion of payment.