How to Cash-Out Properly

How to Cash-Out Properly
Photo by Kenny Eliason on Unsplash

Players have a wide variety of real money games, such as slots, roulettes, blackjacks, poker, baccarat, craps, bingo, keno, scratchcards and more. If you play these games at a reputable online casino, you stand a chance to walk away with a payout. Each casino supports unique payment methods, but you’ll encounter popular options across most platforms.

Common banking methods include VISA, MasterCard, Maestro, Skrill, Neteller, PayPal, Paysafecard, ecoPayz, Zimpler, Interac, Jeton, MuchBetter, AstroPay Card, and InstaDebit. Another popular option is Boku casinos like on NonGamStopBets because it is extremely safe and simple. Players can also use bank wire transfers and cryptocurrencies like Bitcoin, Litecoin, Ethereum, Tether, Dogecoin, and Bitcoin Cash. Below are some tips to help you cash out properly after winning real money from an online casino.

Choose a Secure Casino

Before you worry about cashing out your winnings, it is essential to ensure you gamble on legitimate websites. The best real money casinos have a valid license from credible gambling agencies, such as the UKGC (UK Gambling Commission), MGA (Malta Gaming Authority), or other renowned commissions.

More importantly, they are protected using the latest SSL Certificates to protect transactions and sensitive ID information from hackers, frauds and other cyber threats. Choosing a trustworthy gambling website will ensure transactions are safe and provide transparent banking terms. Players should also join casinos with 24/7 customer support and a clean track record.

Review the Banking Information

Virtually all casinos provide information about the banking services, including all accepted methods, deposit and withdrawal limits, transaction fees and duration, and other critical details. Therefore, players should go through all banking terms and seek clarity before making the first transaction. Some of the essential aspects to review the banking information are described below.

  • Payment Options

Online casinos and sportsbooks accept various payment methods, which refers to the banking options you can use to complete deposits and withdrawals on the site. As a player, you are restricted to the payment methods available on the site. For instance, if the casino doesn’t support cryptocurrencies, you can’t deposit or cash out using Bitcoin and other cryptos. As such, you should review all the cashout methods available on the site and determine your favourite method. As a general rule of thumb, you should use the same method for deposits and withdrawals unless it supports one or the other. Popular cash out methods include:

  • Credit/Debit Cards like VISA, MasterCard, Maestro, American Express
  • EWallets, such as Skrill, Neteller, ecoPayz, Trustly, Jeton, MuchBetter, PayPal
  • Prepaid Cards like Paysafecard, AstroPay Card
  • Cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Monero
  • Bank Wire Transfer
  • Pay By Phone Bill
  • Withdrawal Limits

Withdrawal limits define the minimum and maximum cashout you can request on the casino. Each payment method and casino has unique limits. For instance, the minimum withdrawal can be €20 for eWallets like Skrill and €100 for bank wire transfers. Casinos can also limit maximum cash out per transaction, day, week or month. For example, you can withdraw a maximum of €1,000 per transaction, €2,000 per day, €5,000 per week, and €10,000 per month. Make sure you know the withdrawal limits for each method you use.

  • Withdrawal Duration

The withdrawal duration varies from one method to another. Cryptocurrencies often offer instant payouts, while eWallet withdrawals can take up to 24 hours. Cards and bank transfers take the longest and may require 3 to 7 days to process. Casinos also impose unique pending durations, which can range from a few hours to three days. If the casino has a 24-hour pending duration, the earliest you can receive payments is after the pending period elapses.

  • Withdrawal Requirements

If you claim a casino bonus, you might be required to fulfil wagering and comply with various betting limits to qualify for a withdrawal. For instance, the casino may offer a 100% deposit match with a 20x wagering requirement, 100% slots contribution, €5 maximum bet, 10x conversion and 7-day expiry. To qualify for a withdrawal, you must spend the bonus on slot games, fulfil the 20x wagering and convert the winnings to withdrawable funds before the seven days elapse.

  • ID/KYC Verification

Some sites perform ID verification before releasing payouts. This means players will be required to provide ID information to receive payments. Although many players do not like to share documents, the KYC process is mandatory for all online casinos and sportsbooks licensed by the UK Gambling Commission. Some offshore casinos also perform verification, but players can still play on no ID verification gambling websites. If the site requires verification, make sure you provide accurate details and accounts to receive your money.

  • Withdrawal Procedure

Each gambling website has a distinct withdrawal procedure. In most cases, all you need to do is log into your account, navigate to the cashier section under your profile, select withdrawals, choose a method, fill in your information and complete the withdrawal.

Contact the Support Team

All online casinos and sports betting websites have a customer service desk that responds to player inquiries. Most feature resourceful links and a FAQ section players can use to learn more about banking options, limits and terms without contacting the support team. However, if you need to call the support desk, you can use live chat for instant responses or direct emails for issues that require more explanation. If you aren’t sure about how to cash out correctly, the best solution is to contact the customer support team for help. It is the safest and most certain way to ensure you abide by the withdrawal terms.

Summary

Cashing out shouldn’t be a problem if you choose a reputable gambling website. Now, when National Lottery is all-time high, it is important to know all the details. The best casinos support popular payment methods and have transparent terms and friendly customer support teams. You should stick to payment methods you are familiar with. If you fancy Bitcoin, make sure the casino supports cryptocurrencies. More importantly, follow all the cash out instructions provided by the gambling operator.