With hundreds of available online casinos, the decision in which one to play might turn out to be a tough one. In order to manage to make the best possible choice and fully enjoy yourself, it is best to take into account all aspects of the respective online casino in advance. Undoubtedly, a very important part of your gambling experience online is to be able to withdraw your winnings safely whenever you wish.
Therefore, you need to consider beforehand the available payment options which you can use to cash out your winnings. When it comes to the whole withdrawing process, in most cases, it is very straightforward and it can be performed within a few minutes. While it is true that every online casino has a different policy towards withdrawing money, the actual process of cashing out your winnings is pretty much the same. Let’s have a look at what it takes to withdraw money from a casino account and what payment solutions you can use in order to do so.
How to Withdraw Winnings
In general, to request a withdrawal for your winnings is quite simple and easy to do. The actual process depends to a huge extent on the payment method and on the respective online casino. However, as already mentioned, there are several steps which are always included, regardless of the payment solution you will opt for. The first thing you need to do is to log into your profile and find the cashier’s section. You should be able to easily locate it since you have already visited it when you deposited money for the first time.
There you will be able to find the available deposit methods the particular online casino offers and usually, other useful information such as processing time and fees is also displayed. Then you need to choose which withdrawal option to use in order to cash out your winnings. If you wonder which withdrawal payment solution is the best, in general, it is recommended to stick to a payment method which you already trust and use. This way you will have the needed peace of mind that your sensitive information is in good hands.
After you have chosen a suitable payment method, the final step of this process is to fill out the relevant information such as financial or personal details. It should be noted that it strictly depends on the payment solution you have chosen. Some methods don’t require you to enter any financial data, whereas others do. Also, bear in mind that every payment solution offers different minimum and maximum limits when it comes to withdrawing money. The same applies for the processing time as it strictly depends on the policy of the payment service provider. As you can see, the whole process is quite easy and self-explanatory and you should be able to withdraw money trouble-free.
Most Popular Payment Methods for Withdrawing Money
When it comes to withdrawing money from an online casino, the most popular payment methods are pretty much the same as the top deposit options that are mainly used by UK players. While it is true that some payment solutions enable you to only either withdraw money or make deposits, some online casinos allow you to cash out your winnings only if you use the method with which you have made your last deposit. For instance, you cannot withdraw money via a credit or a debit card, let’s say Visa, if your last deposit was made by using Skrill which is an e-Wallet. This security measure was imposed to prevent potential money laundering or other dodgy activities.
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Credit & Debit Cards
The most popular payment solution for withdrawing money is credit and debit cards. Since this type of payment method is one of the most widespread solutions on a global scale, it is no wonder that it was adapted by a number of online casinos. Practically, every online casino accepts this type of payment solution which makes it extremely convenient for players. However, when it comes to withdrawing money, not all types of cards are suitable for this request. It should be noted that some types of cards such as MasterCard deprive you entirely of this opportunity. This is the reason why it is best to double check this aspect beforehand so that you know whether you need to search for an alternative option.
When you opt for withdrawing your winnings by using a credit or a debit card, usually you are not required to pay any fee. It can take up to three working days for your funds to be transferred from your casino account to your bank account. In order to arrange a withdrawal, all you need to do is to fill out the needed information and request your winnings. Bear in mind that you will be required to provide your card number, name, billing address, expiration date and security code which is the reason why you should only play at fully-regulated online casinos.
Neteller is an electronic wallet which you can use to request a withdrawal to be made in a number of online casinos. It is regarded as a leading payment solution as it is used by hundreds of UK players. The reason why it has gained popularity so much is that it offers various advantages. For instance, your transactions are not only transferred in a safe manner but also they are arranged almost instantly.
The average processing time for withdrawals is up to four hours which is one of the fastest ways to receive your winnings. Not many other payment options offer you the chance to cash out your winnings on the same day. Furthermore, whenever you request a withdrawal with Neteller, in most cases you won’t be charged additionally.
Skrill is another popular e-Wallet which you might have previously bump into, however maybe under its former name – Moneybookers. The best advantage this payment method offers UK players is that there is no need to provide any financial details. In order to arrange a withdrawal, all you need to do is to fill out your email address in the respective section.
Furthermore, opening an account at Skrill is extremely easy and safe which is another reason why many players opt for this option. Whenever you wish to cash out your winnings by using this payment solution, in most cases no fee applies. After you have requested the amount you would like to withdraw, your funds will be transferred within 24 hours.
Bank transfer still remains among the most popular payment methods when it comes to withdrawing money from an online casino. Even though this payment option is somehow notorious for its long processing time, bear in mind that all of the requested transactions are arranged in a secure manner. If you opt for this payment solution, your funds will be directly transferred to your bank account. In some cases, you are required to cover some small fees during the process. If you don’t have an e-Wallet or a credit card, this solution is a good alternative.
Is there a limit for withdrawing money?
Yes, there is. Most online casinos have set a daily limit for withdrawing money which means that you are allowed to withdraw only a part of your winnings. The exact amount that you are permitted to collect depends on the online casino and the payment method of your choice. Bank Transfer is the payment method that offers the highest withdrawing limit which is the reason why it is used by a number of high rollers. Speaking of high rollers, it should be noted that in most cases, these types of players have higher withdrawal limits as they deposit more.
How long does it take to withdraw money from a casino account?
The processing time for withdrawing money depends on the payment method you have chosen to use as well as on the respective online casino. Some payment methods such as e-Wallets process withdrawal requests within 24 hours, whereas the processing time for others such as Bank Transfer ranges from two to ten banking days.
Are there any fees when withdrawing money?
Generally speaking, whether or not you will have to pay extra for withdrawing money depends on the payment method you are using and in some cases, on the online casino of your choice. Certain payment solutions charge fees when players make withdrawal requests. Therefore, it is always a good idea to check this aspect beforehand in order to make sure that any additional charges won’t apply. Most of the popular payment methods such as Visa, Paysafecard, Bank Transfer, Neteller, Skrill and others process money without any extra fees.
Is it possible to use the same payment method for both making deposits and withdrawing money?
Yes, it is. However, not all payment methods give you this opportunity as some of them limit you to only one of the two options. This is the reason why it is highly advisable to check in advance whether the payment solution you have chosen is suitable for both depositing and withdrawing money. Otherwise, you might find yourself in a situation in which you have to find an alternative way to get your winnings which can be very inconvenient. For instance, you cannot use MasterCard to cash out your winnings as these types of cards simply don’t offer you this option.
Is it possible to check your previous withdrawals?
Yes, it is. Usually, you are able to check your payment history, including all of the deposits and withdrawals you have recently made. Most online casinos also give you the chance to see detailed information about your previous transactions, regardless of their date and time. This way, you can keep track of your cash flow much easier and manage your spendings better. Being able to control your funds is an absolute must if you want to retain your winnings and prolong your gambling sessions.