Online Casino Withdrawal: How Long Should You Wait for a Casino Payout?

Considering how much concern surrounds this question, it would be good to shed some light on the issue and hopefully alleviate some burdens that are on the players' minds. Here we will go over the process of online casino withdrawal or how long it takes for the money to be transferred.

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Misconceptions About Online Casino Payout Delays

It's not uncommon for people to get anxious due to a long waiting period and start to come up with different reasons why there is a delay. You might think that the whole thing was a scam and that casino is not going to even pay your winnings. In order to avoid this, the first thing you need to do before even making an account is to check if the casino is legitimate. You can do this by checking user reviews and seeing if a real company is behind a platform, or simply asking someone you trust to recommend a reliable platform.

If you are still not sure, then you can test it with a small winning prize and withdraw real money from online casino. This way you can test if they are legit and also how long it can take for the funds to be transferred.

There might also be concerns that casinos do not have enough funds to pay you your earnings. This is highly unlikely, as this is the fastest growing industry and just in the year 2020 gamblers spent over 6 billion dollars in New Jersey. Online casino real money players rarely have issues with payouts, however, it's not impossible to encounter complications.

There are instances where a player could not withdraw money from a real money online casino and took the case to court. The casino refused to pay out the winnings because it occurred due to a platform error. Since terms and conditions clearly state that in those instances the casino is not obligated to payout, the court ruled in favor of the casino. So, make sure you read the terms and conditions before playing.

How Long Do Casino Payouts Take

As you might already be aware there are multiple factors that can influence online casino payout time. Even if you play in the fastest payout online casino you will still be subject to some of these limitations. First and foremost there are multiple online casino payment method options and each of them has time limitations. Typically that can be 3 to 6 days if you are using a credit or debit card, it can take from 1 to 3 days for an e-wallet and it can take up to 8 days if it is a regular bank transfer. Of course, you should also take into consideration that these are all business days. So long as your money arrives within this time frame there is no reason for concern.  

It is also worth mentioning that there are other payment options depending on the platform. Some of the online casino real money platforms also allow you to use cryptocurrency, which is another element that gives the site legitimacy. This is also technically an e-wallet category, but generally, people use cryptocurrency because of its efficiency, and blockchain technology which clears payments faster than banks. It also allows users to stay anonymous which is another bonus for those who love to gamble online. Finally, it's one of the safest payment methods out there, so an extra layer of security is always a good thing.  

Possible Online Casino Withdrawal Complications

Another reason why you should read terms of service is that they also include the information pertaining to payouts. It is important to know that each casino has limitations, how much you can deposit, and how many times per day, month or week you can withdraw your funds. This is just something to be aware of because you will know where your money is located and why you can't get all of it at once.

One of the common reasons for delays or complications can be international payments. Online gambling is heavily regulated and it is illegal in some countries, which is why some bank transfers might be declined. In other cases, the receiving bank might call you to provide additional documents that are needed to clear the payment because they have to comply with their KYC policy. This is why players usually do a lot of research before creating an account for online gambling. They seek payment options that are secure and that can be used to gain access to their winnings.

What to Do if You Feel Something Went Wrong

In the event that you are anxious about the transfer, you can always contact the casino's customer support. These platforms are usually very responsive and have multiple channels that you can use to reach support. They might be able to check the status of your payment and if it was processed on their end. You can also check if they have violated their terms and regulations, which can help you build a case against them if it comes to it. Still, bear in mind that huge amounts can usually take longer to process, and sometimes if it's your first payout, it can also cause a delay.

Conclusion

Hopefully, you found this article useful and know a thing or two more about online casino payouts. As mentioned it is important to find a reliable and trustworthy platform before you choose to play. Make sure you test the payment method prior to making bigger deposits and also remember to read terms and regulations.

Isabella Humphrey

Update 15 January 2021