People use online casinos for many different reasons. A lot of gamblers do it because they want to have fun and like the thrill of players. Others, however, focus on online casinos because they want to do everything they can to win money.
Using online casinos as a way to get additional income is not advisable because it is too risky. In fact, this is one of the reasons why all world-class casinos have different responsible gambling tools that are there to help those who can’t control how much they play.
With that said, some users can hit the jackpot or get lucky and win several rounds. Once that happens, most of them will want to make a withdrawal because this will allow them to secure their winnings. Even though a lot of people assume that the withdrawal process is straightforward, the reality is that it is very complex. Fortunately, this article will reveal all the “secrets” you should be aware of.
Security of transactions
You need to know many different things when you decide to withdraw your winnings from an online casino. The most popular one, however, is the security of your future transaction. This is one thing that you should never underestimate, and it is extremely important to check before you start playing.
The fact that a casino has a license is a good indication that it is legit, but it is not enough. To ensure the operator you are using offers secure withdrawals, you must analyze the payment process. Pay close attention to the SSL certificate, the processing of the transaction, and whether the site is using third-party services.
A lot of people prefer online casinos that handle the withdrawal transactions themselves. This has its advantages, but our experience shows that choosing a site that uses a third-party service is better. As long as this third brand is solid, your overall security when making a transaction increases.
The problems you may come across
When you look at an online casino, the brand advertises some of the services it offers. For example, it often has secure withdrawals, good bonuses, and more. However, this does not mean you won’t encounter any problems, especially related to withdrawals.
When you decide to pull out the money you’ve won, the casino has to pay you, which means it loses money. Needless to say, operators do not like that. So they will do everything in their power to prevent you from completing the transaction.
One of the first problems you will encounter is regarding the wagering requirements. These rules are present in every bonus and prohibit you from making a withdrawal before completing them. Sadly, many people forget about these requirements when they choose a promotion, and once they want to withdraw what they have, they realize that it isn’t possible until they complete these conditions.
Another really annoying regulation that many people need to adhere to is related to the payment options. Due to regulations regarding online gambling, some casinos do not allow clients to withdraw their winnings using specific payment gateways. In fact, it is common to find rules that require bettors to use the same deposit and withdrawal solution as the one they’ve used when depositing. This can be really annoying because it might be difficult to adhere to.
Last but definitely not least, we have one of the most annoying issues – the maximum withdrawal limit. Almost all online casinos have it, and this thing limits the amount you can withdraw per week or month. What’s even more frustrating is that after making a transaction, the operator may require you to place a certain number of bets before you are eligible for another one. This increases your chances of losing your money.
The processing time isn’t always good
Alongside everything mentioned so far, another really important factor people must consider before they start betting is related to the processing time. The latter indicates how much you have to wait before completing your transaction.
Most online casinos have a standard processing time of at least a couple of days. They need this time to check every transaction and ensure that the given person hasn’t violated any rules. After submitting your withdrawal request, the online casino will check everything and inform you if there are issues.
Since many people do not like waiting for their withdrawals, some casinos came up with a solution. A quick look at the list of instant withdrawal casinos from Silentbet shows that there are a dozen sites that provide immediate withdrawals. This means that people have access to their winnings as soon as they make the transaction. There is no need to wait for any checks.
Unfortunately, this is not the norm among alone casinos, so unless you pick such a site, chances are you will have to wait.
Verification process
The last thing we need to discuss when analyzing the withdrawal process from an online casino is the verification procedure. This is one of the checks that gambling websites have to make before allowing a given transaction to go through.
Verifying your identity is an important step that shows you are a real person. All legitimate casino sites will require you to complete it, so we recommend doing it.
If you decide to verify your account, the first thing you should look for is to submit the required documents. This will include a copy of your ID card, passport, or something else, as well as a utility bill.
Once the casino site ensures you are a real person who wants to make a withdrawal, it will make the entire process smoother. In fact, a lot of operators will refuse to give you anything unless you prove to them that you are a real person.
