Many players are interested in this topic because, in addition to entertainment, it is always important to get real rewards for your achievements in online casinos. This article will be very useful if you play for money and want to know how to withdraw your winnings fully and without delays.
Below, you will find a step-by-step guide on how to withdraw money from how to withdraw money from an online casino and a list of popular banking options. Be sure to read to the end to find out what to do if the casino refuses to pay your winnings.
Casino cash out a step-by-step guide
You don’t have to withdraw funds from your player account every time you end a gaming session, as the remaining amount is saved in your account for your next casino visits. However, if you want your winnings to be withdrawn, follow these universal instructions that can be applied to any online casino:
- Check your profile
Please ensure that the information you provided during registration is current and that all required fields have been completed without errors. - Attach your ID and other documents.
Do this in advance to avoid delays in withdrawing funds. - Meet the bonus wagering requirements
If you have an active bonus, you may be unable to withdraw funds before the requirements have been met. - Locate the withdrawal section
This tab is usually located in the player’s account. - Familiarize yourself with the rules for withdrawing winnings
Sometimes you must use the same method you used for your last deposit. - Choose a payment method
Review the available options and their transaction limits. Check if a fee is charged. - Submit a withdrawal request
Specify the amount you wish to withdraw and submit your request for processing. - Wait for confirmation
Withdrawal request processing can be automated or manual, which affects waiting times. - Receive money
Once your application is approved, the withdrawal time will be from a few minutes to a few days, depending on the payment method.
Identity verification when withdrawing money
When processing real money transactions, online casinos are required to obtain information about their players by conducting a KYC procedure. This procedure excludes minors from gambling and prevents money laundering.
Many players see account verification as an annoying step that gets in the way of withdrawals and delays receiving winnings. However, this measure is a legal requirement and part of player protection.
Confirming your identity helps you avoid fraud, identity theft and unauthorized withdrawals.
As part of the KYC process, you will typically be required to provide the following documents:
- A valid photo ID, such as a passport or driving license.
- Utility bill. This can be a phone, gas or electricity bill. It cannot be older than 3 months and the address provided must match the address on your casino account.
- A copy of the front of the card is usually also required if you are using a credit card. Here, you should make sure the name is visible, but you should cover up the middle eight digits of the card number.
- The first and last four digits should be visible.
Bank statements may be required to verify other payment methods.
What else should you remember when withdrawing money from online casinos?
A player should always know the rules for withdrawing money from a casino. Some casinos only pay out winnings on certain days of the week or set maximum and minimum limits for the withdrawal amount. Possible withdrawal fees can also be one of the reasons why you should always read the casino rules before you start playing.
Withdrawal limits
Most online casinos set minimum and maximum withdrawal limits. These limits vary depending on the online casino and your chosen payment methods.
In addition, there may be daily, weekly, and monthly withdrawal limits. If you have reached your daily limit and want to withdraw more, you must wait until the next day.
Before registering at an online casino, it is always worth familiarizing yourself with the rules regarding the withdrawal of winnings. This information is necessary in the general regulations; sometimes, it is provided on a separate page for players’ convenience.
The minimum withdrawal limit in online casinos is, on average, USD 50 – USD 100. Maximum limits are usually from USD 1,500 to USD 5,000 per day and USD 15,000 to USD 50,000 monthly.
There may be nuances if you are lucky enough to win the jackpot. Often, casinos will split a large sum and pay it out in installments, which can take quite a long time. By choosing a casino with a high maximum payout limit or one that guarantees a lump sum jackpot payout, you won’t have to worry about this.
The processing time and posting of funds to the player’s account
The withdrawal request is not processed immediately but after verification by the system in an automatic mode or manually by the casino staff. This process can take 1-2 hours to 2-3 days in different online casinos.
Please note that many casinos only process withdrawals on weekdays. Requesting a withdrawal on the weekend will most likely be delayed until the next business day.
VIP players and loyalty program members who have reached higher tiers can expect priority processing of their withdrawal requests.
Once the withdrawal is confirmed, the speed of receiving the money depends on the payment method chosen. The fastest way to withdraw money is via cryptocurrencies or e-wallets, often immediately or within 30 minutes. Bank transfers or withdrawals of winnings to cards can sometimes take 5-7 days.
Possible withdrawal fees
Online casinos pay a percentage of each transaction to the payment service provider, and to compensate for these costs, they may charge players a commission. Withdrawal fees often depend on the payment method. Typically, cryptocurrency transaction fees are much lower than other payment methods.
Another factor is using a currency other than the one the casino operates in, which may result in a currency conversion fee. The commission can be a flat fee. For example, casinos offer 1 free withdrawal per week, but charge a fee for each subsequent withdrawal. A percentage commission is usually charged for using various payment methods. The amount of such commission depends directly on the transaction amount.
In addition, many casinos have a minimum deposit turnover requirement. Failure to meet this will also result in a fee on withdrawals.
Popular banking options to withdraw money from online casinos
There are many different ways to withdraw money from online casinos. Each has its characteristics, including minimum and maximum withdrawal amounts, transaction processing times, and possible fees. In the table below, we have gathered detailed information on popular withdrawal methods available to online casino players. Please note that the details may vary depending on the specific casino.
| Payment Method | Min Payout, USD/EUR | Max Payout, USD/EUR | Payout Time | Fee |
|---|---|---|---|---|
| Visa, MasterCard | 50 – 75 | 5000 – 15000 | 1-3 days | Yes |
| Bank Transfer | 100-500 | 10,000 – 200,000 | 3-5 days | Yes |
| MiFinity | 20 – 50 | 2000 – 10,000 | 24 hours | No |
| Neteller | 20 – 50 | 5000 – 50,000 | 12-24 hours | No |
| Skrill | 20 – 50 | 5000 – 50,000 | 12-24 hours | No |
| eZeeWallet | 20 – 50 | 2000 – 10,000 | 24 hours | No |
| Jeton | 50 – 150 | 10,000 – 50,000 | 24 hours | No |
| MuchBetter | 50 – 100 | 5000 – 20000 | 24 hours | No |
| Cryptocurrencies | 10 – 300 | 50,000 – 200,000 | 1-2 hours | No |
| Paysafecard | 20 – 50 | 1000 – 5000 | 24 hours | No |
| Neosurf | 20 – 50 | 1000 – 5000 | 24 hours | No |
What to do if the casino refuses to pay out your winnings?
If your withdrawal request has been declined, you should contact support and find out the reason for this decision. Most often, this is due to a violation of the rules adopted by the online casino.
For example, account verification may not be complete or all information has been provided. You should review the information you have entered and, if necessary, provide additional documents for verification.
If the wagering requirements of bonuses are not met, you usually have two options: play casino games more actively to reach the required wagering requirement or decline the bonus. In the latter case, you also lose all associated winnings.
Sometimes, the selected payment method cannot be used to withdraw. Often, casinos will only allow you to withdraw funds using the same method you used to deposit.
Another common reason for denial is that your balance is not enough or your requested withdrawal amount is too small. Once you have filled in the gaps, you can re-apply.
Final thoughts
Withdrawing money from online casinos is very easy if you follow our instructions. The most important thing is to play at a licensed and reliable casino to avoid getting caught cheating.
Read the casino rules, confirm your account as soon as possible, and pay attention to the bonus terms and withdrawal limits. This will help you avoid delays and withdraw your money without any problems.
