Owing to the sheer number of online casinos operating online, the best online casinos go out of their way to make things easier for users. This is why you rarely hear any stories of delayed payments of bonuses or winnings.
That being said, how casinos go about the process of handing out winnings varies completely from casino to casino. To help our users develop a better understanding of the situation, we’ve compiled a detailed guide that explains all that you need to know about how online casinos pay you your winnings.
A Comparison of Different Banking Methods:
It’s no secret that online casinos use numerous banking methods to make things easier for their users. This allows you – the player – the luxury to choose how you want to add deposit your money to the online platform (e.g. be it a money transfer, a paid voucher, or an electronic wallet, etc.).
However, when it comes to collecting your winnings, you’ll need to pay close attention to the withdrawal policy of the casino you’re playing at. For example, if you opt to collect your winnings in your electronic wallet, the money will be transferred to you in a matter of minutes, however if you choose a Visa payout, it can take weeks for your money to reach your account.
That being said, it’s important to understand that while electronic wallets like NuCharge and YouTeller enable you to receive your winnings almost instantly, they’ve been outlawed by a few countries (including the United States). So, always double-check that you’re not breaking the law when collecting your payouts.
The Curious Case of Casino Bonuses:
Most gambling enthusiasts love online casinos because they offer lucrative, and frankly unbelievable, bonuses. There are some who offer to double your initial cash deposit while there are others who promise in-house benefits like free bets.
While all these bonuses are perfectly valid, they come with a strict set of terms and conditions. If you don’t satisfy these requirements then the online casino isn’t legally obligated to pay you a cent.
So, before you opt for a casino just because it pays well, always make sure to read the fine print to avoid disappointment in the future!
Other Payment Options:
Apart from the incredibly quick electronic wallets and the highly secure payment options like Visa and MasterCard, there are also other alternatives that you can opt for to collect your winnings. Among these options are wire transfers which are faster than most credit card companies but they charge around $30-35 on every transaction.
And there you have it; all you need to know about how online casinos hand out winnings. We hope this clears up any confusion that you may have had about the subject matter and that you’re now more willing than ever to bet and win real money at online casinos.
The NewCasino.org platform was founded to celebrate and champion our gambling culture. Our team tries its level best to make your time on our website worth your while by constantly adding the latest casino games to our platform. We also host a wide selection of mobile casino apps that allow you to get your gambling fix when on the go!
BONUS READ: How Do I Make Cash Deposits at Online Casinos
Ari Waknine was born in Brooklyn, New York and was the founder of iGamble Group, an online gaming critique firm that helps players pick online gambling websites that fit their profile, as well as, helping them to increase their winnings. He is also the founder of NewCasinos.org, and is strictly focusing on this project making stronger and better than ever.