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Gambling at an online casino can be incredibly thrilling and exciting, and hopefully you’ll sooner or later get to the point where it is time to withdraw funds. Winning is not a given, but when you do, you need to withdraw the money from your casino account before you can use your cash outside the casino.
Withdrawing from an online casino is usually quite straight-forward, but there are a few things you need to know! Did you, for example, know that accepting a casino bonus could affect your casino withdrawals? Or that different casinos have different withdrawal times? Here is a quick guide to everything you need to know about casino withdrawal conditions.
About Online Casino Withdrawals
Casino withdrawals refer to the act of moving money from your casino account and to your bank account, and this can be done in a number of ways. Most people withdraw money after a big win or when they have won enough to have a significant amount, but you can also withdraw the money you have previously deposited if you change your mind.
A good online casino shouldn’t make it too complicated to withdraw funds as the money belongs to you, but there are a few different things that can potentially slow down the process. It is understandable that you want your money right away when you have finally won something, but knowledge is key to making things run smoothly.
There are currently hundreds of online casinos out there; some focus mainly on slots, others on table games like poker, baccarat and roulette, and some dedicate themselves to providing players with the best live games. You choose the casino that best matches your gambling preferences.
Withdrawal Restrictions in Asia
While in theory casino withdrawals are simple and easy for anyone to complete, there are a few different things that could potentially slow down the withdrawal process, or even prevent you from withdrawing money at a specific point in time. This could come as an unpleasant surprise if you’re not prepared, but don’t worry, we are here to prepare you.
You don’t have to worry about online casinos permanently withholding funds from you provided you choose a reliable online casino, but you might still have to wait more than expected if you’ve accepted a bonus with wagering requirements or if you didn’t take the casino security protocols into consideration as this could also affect withdrawal times.
The most common types of withdrawal conditions at online casinos are wagering requirements. We can almost guarantee that you’ll come in contact with wagering requirements at some point while gambling, and knowing what they are can help you make smarter decisions.
Wagering requirements come with casino bonuses, and it’s the number of times you need to wager (or place bets) before the bonus money received. These types of conditions are based on multipliers, and most casinos have wagering requirements of x20-x60. Whatever amount you receive as a bonus, you need to play it multiplied by the wagering requirement before you can withdraw your bonus money.
It is not only the wagering requirements that differ depending on the casino you choose, but the size of your deposit could also have an effect. Failing to comply with these types of conditions will generally mean a delay on your withdrawal, and if there is a time limit within which you need to fulfil the wagering requirements—you could end up losing your bonus money if you miss the deadline.
While not the norm, it is possible to find casinos offering wagering free bonuses, where you get the bonus money straight to your casino account, and can withdraw it without any strings attached. This is not too common, as it defeats the purpose of the casino keeping you with them for a while, but if you do find a bonus without wagering requirements—use it!
Your withdrawal goes through a couple of different security steps, which helps protect your money and make sure you are complying with the casino conditions, but also that it is, indeed, you who is attempting to withdraw funds.
Therefore, in the first step, the casino needs to process your request to withdraw money, and this can take anything from a few minutes, to hours or even days, depending on whether you have verified your casino account, the type of casino you’re gambling at and so on.
Casino security checks also involve verification of your personal information and your payment method, which are all protected by the latest technology and encryption. In an industry that is so closely regulated and that handles very large sums of money, proper security checks also become part of the requirements for obtaining gambling licences.
How to Withdraw Money at an Online Casino
While it is important to be prepared to lose money when you gamble online, you also need to hold out hope for that one win that is going to make it all worth it! Winning money means you can continue gambling with your increased casino account value, but you might also want to withdraw your funds and use the money for something else.
Let’s have a quick look at the process of withdrawing money from a casino account. The withdrawal process can work a little differently depending on the gambling site, but most online casinos have a withdrawal process that looks more or less as follows.
Every online casino has a banking page, and this is usually where you need to go in order to make a withdrawal. You can also look for a ‘withdrawal’ button somewhere on the main page, depending on the casino site setup.
In order to make a withdrawal, you need to have more than the minimum withdrawal amount available in your casino account, but we will talk more about restrictions and how these could affect your withdrawal options in just a moment.
There are many different payment methods available at most online casinos, and some may have faster withdrawals than others. Common transfer methods are via bank cards like VISA and Mastercard, bank transfers or with e-wallets like Skrill, Neteller and EcoPayz.
At this stage you are presented with a list of available payment methods, and you proceed by clicking on the payment option of your choice. Many online casinos require you to use the same payment method used for deposits, which means you might be restricted to using whatever option you picked when you made your initial deposit.
The reason you might be required to withdraw with the same payment method is that it helps prevent fraud and other illegal internet activities, and it also helps keep you and your money safe when gambling online.
How much money do you wish to withdraw? You can withdraw all the funds from your casino account, or pick a smaller amount if you wish to keep some available for future gambling. Just make sure you choose an amount that exceeds the minimum withdrawal amount.
Keep in mind that some casinos only let you make a couple of withdrawals per month regardless of the amount, so really think it through if you benefit from the withdrawal or if you are better off waiting until you (hopefully) win again.
Depending on the payment method you choose, the casino might redirect you to a third-party company such as an e-wallet, where you get a chance to complete the withdrawal steps and approve the transaction. Use this as an opportunity to double-check that you’re getting the exact amount you wanted.
About Withdrawal Limits at Asian Online Casinos
Other than security measures and wagering requirements, withdrawal limits are something you need to keep track of! Online casinos won’t let you withdraw any amount whenever you want, and instead, there are usually withdrawal limits in place that could control how much you withdraw, but also how often.
You are going to notice that almost every casino on the internet has some type of financial limits set up for withdrawals. There might be a minimum amount, meaning you can’t withdraw less than a certain amount, but it is not nearly as common as a maximum amount limit for casino withdrawals.
If you have more than the maximum amount on your account and if you wish to withdraw the total, then you are going to have to make two or more withdrawals. How soon you can withdraw again after your initial withdrawal depends entirely on the terms and conditions of the individual casino.
Some casinos won’t let you withdraw more than the maximum amount per day, and others might have even stricter restrictions with weekly or monthly withdrawals. You have probably heard that you can set up limits for yourself when it comes to deposits, but with withdrawals, it is usually the casino that might slow down the process of withdrawing very large amounts.
When you first join a casino, take a few moments to look into their rules in regard to time limits, so that you know what to expect if you win. It is, for example, not uncommon for casinos only to allow around two withdrawals per week, and that’s something you need to take into consideration before you make a small withdrawal too.
Why Casinos in Asia Have Withdrawal Limits
It can be easier to accept withdrawal limits if we understand why they are there in the first place. Let’s be honest—no one likes withdrawal limits, withdrawal conditions and rules, but casinos aren’t enforcing them just for fun.
The withdrawal limits depend, in many ways, on the casino’s payment provider, and the goal of these limits is to make sure the casino maintains financial stability, and that they can provide their players with guaranteed payments that run smoothly. For this reason, there may be a maximum amount you can withdraw at a time, to give the casino a chance to regulate and adapt. Multiple smaller payments may be easier to pay than one big win.
Online casinos also need time to revise any information submitted by the player, such as proof of identity, as this is part of their commitments to combat illegal activities such as fraud, money laundering and identity theft. Controlled withdrawals also work to keep players such as yourself safe from internet-based crime.
Withdrawal limits are set for a reason, and it is highly unlikely they can be increased or altered in any way, unless the casino permits. Instead of trying to change or work against the existing withdrawal limits, it is recommended that you make an effort to work with them.
Preparing for a Casino Withdrawal
A smart strategy is to prepare for a withdrawal already when you sign up for a new online casino, to save time and effort when you (hopefully) score a big win! When you win, the last thing you want to do is wait, and one thing you can do to shorten the withdrawal time is to make sure you verify both your casino account and the payment method you plan to use.
The first step towards account verification is usually to verify your email account. Double-check that your email address is correct when signing up, and go to your email inbox and click on the verification link.
Next, follow the prompted steps to verify your identity and potentially also your home address, if your casino requires. Identity can be verified by uploading supporting documents such as a photocopy of your ID or passport, and home address is usually verified with a photocopy of a utility bill (electric bills, internet bills, etc, etc).
As a player, you have no influence over the terms and conditions set by online casinos, and every online casino is free to make their own withdrawal rules. Instead of trying to get around regulations you can’t change, make it your mission to find an online casino whose terms and conditions related to withdrawals you agree with.
Focus on what you can control, such as whether to accept bonuses with wagering requirements and what payment method to use, and be prepared to be patient as it is the best way to avoid frustration and disappointment.
Fast Payouts to Payment Methods
The casino’s processing times are one thing that could slow down or speed up your cash withdrawal, but you also need to consider the payment method used. Some payment methods might take only a day or two, while others could take 7 days or more before the money shows up on your bank account.
In general, e-wallets are your best options if you are looking for a fast and reliable payment method, as payments can often be instant for both deposits and withdrawals! The catch is that an e-wallet requires you to have an account at a third-party website, and it can take a few days to withdraw the money from your e-wallet account and to the bank.
To compare, have a look at these estimated withdrawal times in the table below. You can choose any option you feel comfortable with, and you just need to be aware that the payment method you choose affects how withdrawals work and how long they take to complete.
Best Asian Payment Methods for Quick Withdrawals
|PAYMENT METHOD||TIME ELAPSE|
|E-Wallet||1-3 Business Days|
|Bank Card (VISA/Mastercard)||3-6 Business Days|
|Bank Transfers||5-8 Business Days|
Bonus Offers & Casino Withdrawals Asians Can Benefit From
We have already discussed wagering requirements, but it’s so easy to see a tempting welcome bonus package, get swept away and accept it without thinking about how this affects your withdrawal options. If you are hoping to win and withdraw right away, then a welcome bonus likely isn’t the right option for you due to the wagering requirements.
If, however, you have some time on your hands and don’t mind waiting for a withdrawal while you work to fulfil the wagering requirements, then a casino bonus could give you extra money to play with, and allow you to gamble for a little longer.
Casino Withdrawal Terms and Conditions
Perhaps you are wondering how important it actually is to comply with the terms and conditions of a casino, and if it is necessary to read through the fine-print before you start playing? The answer is yes, it is important, as you wouldn’t want to jeopardise your casino winnings or your own safety.
The truth is, if something goes wrong or if you are caught breaking the rules, the casino will then be able to use their terms and conditions (which you automatically agree to by using their website) as a base to settle any type of dispute.
Gamgling responsibly is about many things, such as managing your bankroll responsibly and knowing when to stop, but it’s also about understanding and respecting the rules of an online casino. Whenever you sign up for a new account, make it a habit to check the terms and conditions for details on their withdrawal conditions and more.
Yes, if your money has wagering requirements, then it could mean you won’t be able to withdraw it (or any winnings generated by your bonus money) until you have fulfilled the wagering requirements.
How fast you can withdraw your money depends on numerous things, such as the casino’s processing times, but also the payment method you choose. E-wallets are generally good options for those who are looking for fast withdrawals, but you should also make sure to have verified your account as this will save you some time.
Some of the fastest ways to get paid is using e-wallets for your withdrawals. Examples of e-wallets (or electronic wallets) are Neteller, PayPal, Skrill and EcoPayz, and you need to create an account with your chosen e-wallet provider first.
Withdrawal amounts are the maximum or minimum amount you can withdraw from an online casino. Some may set a top amount, which is the maximum amount you can withdraw at.
A casino’s withdrawal times refers both to how long it takes for a withdrawal to be completed and for the money to appear on your bank account (or in your e-wallet), and to how frequently you can make withdrawals. Some casinos only permit two withdrawals per week, for example, while other casinos may be more flexible.
You can usually find all the information you need on the casino’s banking page or in their terms and conditions. It is a good idea to look this up before you start gambling, so that you know what to expect.
Locate the banking page where you did your original deposit, choose a payment method and how much money you wish to withdraw. Keep in mind that you might be required to use the same deposit and withdrawal method. Follow the prompted steps and approve your withdrawal.
Making a withdrawal from an online casino is very safe, provided you have chosen a reliable online casino. Your personal information is protected by encryption and other safety measures, and if you use an external payment service, such as an e-wallet, then you lso benefit from their security measures.
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