When you’re playing for real money, it’s only natural to want to cash out as quickly as you deposited your money. The casinos with the fastest payouts often use readily available payment methods such as Trustly, iDeal, PayPal, or other e-wallets. Direct bank transfers are often the slowest and take time to process.
Why do withdrawals sometimes take so long?
There are a number of reasons why withdrawals can take so long. First, it could be because your account has not yet been verified. Some online casinos require some verification before you can withdraw your winnings. It could also be because you have active wagering requirements for the bonus or you haven’t won enough to cash out. If you decide to get a check as a cashout, please be aware that it may take a few days either way.
Processing Time
It is important that you be aware of the processing times used by online casinos. Some online casinos take a day or two to process payments. This means that it may take some time for the payment to reach your e-wallet or bank account. If you don’t use an e-wallet, make sure you choose a casino with Trustly or iDeal as your payment method, which allows the casino to make payments immediately. Processing time also depends on the payment method itself. Direct bank transfer can take some time due to the processing time of often international payments.
Account Verification
One of the most common problems with cashing out is delayed account verification. The reason for this is often because online casinos must adhere to certain international regulations that protect players from scammers and prevent money laundering.
The process of verifying your account is often referred to as the “Know Your Customer” (or KYC) process. A specially trained team checks to see if illegal money is being used to play online casino south africa no deposit games. Of course, both the player and the casino itself are closely monitored. The KYC process protects every party involved in the payment process. It may seem like a tedious extra step you have to take to cash out your winnings, but trust us, it’s necessary for both your safety and the security of the online casino. It can save you a lot of administrative hassle if you do it right away.
Payout times
Payout time is often determined by the payment method you choose. The time between payouts is different for each payment provider. When casinos offer quick payouts, they often use electronic wallets such as Neteller, Skrill, and PayPal. They are safe and fast, and the transaction is usually processed immediately. However, the fastest paying online casinos often use Trustly or iDeal. They allow you to see the money coming into your bank as soon as you request it, so there is no time between requesting and receiving the money. With a direct bank transfer, for example, it can take up to 10 days before the money is in your bank. This is because these are often international payments. Therefore, banks need time to verify the payment and transfer it to your bank account. As a result, the entire process may take much longer than it would with another vendor.
Payment limits
Perhaps the most annoying reason might be the payout limit. Many real money casinos have monthly or weekly payout limits. Often these limits are in the thousands of dollars and are usually done to protect the casino’s cash flow. However, there are also casinos that simply hope you will play again with the money you win. Most high-paying casinos have limits so that the player doesn’t suddenly get a huge payout. Payout limits do vary from casino to casino. Lower prizes will always be paid out, you don’t have to worry about that. Higher risk and higher winnings tables allow high rollers and experienced players to risk higher bets per spin. Always study how these betting limits work so you can determine the most effective roulette strategy.
