People think that transferring funds into online casino accounts is a breeze but withdrawal of winnings is a hassle. They believe this is the case because casinos want to make it harder for people to get their money out of their accounts. Well, they are mistaken. Either they have no idea how online casinos work or they are sorely misinformed. Contrary to popular belief, casinos don’t make it harder for people to get their money. Why would they? Their profits rely heavily on people coming back into their doors to play their games. If they behave as such, people would be discouraged to come back. Therefore it is in their best interest to make their customer’s experience as enjoyable as possible.
The Basics of Casino Withdrawal
All online casinos impose some sort of restrictions when it comes to players making a withdrawal. They can come in three types, amount limit, time limit, or both. As the name implies, an amount limit stipulates the amount of money a person can withdraw from a single transaction. Time limit limits the number of withdrawal a person can make within a specific period of time. The last type is the kind that most online casinos use. They restrict the amount any one player can withdraw within a specific time period.
Verify Your Account
Most players, thinking all they have to do is transfer their winnings directly to their bank account, fail to realize this crucial step. This is a necessary requirement that is written in the law. In order for people to verify their account, they should provide their proof of identity, proof of address, and proof of payment. Proof of identity includes government-issued identification such as passports. Credit card statement or bank statement can serve as proof of purchase. This legal requirement serves to protect both the player and the casino from fraudulent transactions or underage players from entering.
Withdrawal Limit Tips
Players can do nothing to change the policy of casinos about their online limit. They can, however, look for better conditions as a means of getting their winnings without too much hassle. They can, for example, play at online casinos with a bit more lenient policies when it comes to their withdrawal limit. They can also limit their deposits, making sure what they put in does not exceed the withdrawal limit of the casino.
For players who want to make their withdrawals quick and easy, there are two options they can try. First, they can open an e-Wallet account such as Trustly, PayPal, Neteller, or Skrill. Since these e-Wallets already do most of their operations through the cloud, money transactions speedy and reliable. I personally prefer to withdraw my money through my credit card or debit card. I admit, it is slower than e-Wallets but I’ve gotten used to its method. It is, however, not less secure than other methods although it could take a few days for the money to reach your account.