Cashing Out Online Casino Winnings

Published on: January 14, 2011 


Cashing out online casino winnings is the most important aspect of wagering. After all, players wager to be able to win and to be able to withdraw their winnings from the casino. Sometimes players are unable to do so or the process gets delayed because the players have not fulfilled their requirements. In order to avoid such disappointments it is essential that the players read the information provided in the banking section thoroughly and also read the casino and the bonus terms and conditions before wagering. They should also choose the currency and payment option that does not prevent them from making withdrawals based on the laws of their jurisdiction.

How to Cash Out Online Casino Winnings

If it is the player’s first withdrawal then he should ensure that his proof of identity and proof of address have been sent. Online casinos allow players to wager but do not allow them to withdraw till the documentation is complete. If players have availed bonuses then they must ensure that the wagering requirements have been completed.

The withdrawal process can be initiated only after the player has logged in. It must not be attempted from a public or shared computer because sensitive information can then be accessed by expert hackers. The player must ensure that the connection is secure. In most browsers a closed lock icon appears in some corner of the screen when the connection is secure. The player must click the Cashier/Banking tab and select Withdrawals from the options provided. Then he should select the withdrawal option he wants to use and follow the menu driven instructions after that.

Different Methods for Cashing Out

Credit cards are one method for cashing out. This method is available only to those who have deposited using a credit card. However, some credit cards do not permit withdrawals into the card and some permit this facility only in selected countries. Therefore credit cards are not that useful for withdrawing funds. When allowed, the withdrawal is instantaneous.

The most common methods for cashing out are electronic wallets. Here again players can withdraw funds only to that electronic wallet used for making the deposit. However there are few restrictions on the use of electronic wallets. These are also instantaneous and usually cost free. Currently the more popular electronic wallets like Neteller, PayPal and Moneybookers do not offer services to players in the United States.

Check withdrawals are most common because this method is applicable across all deposit options. However the processing time is usually a week. Also online casinos usually levy a charge, especially on small amounts.

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