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When you win at an online casino - A guide to understanding the different withdrawal methods

July 13, 2013

The thrill of gambling, the excitement of winning and the amazing graphics are just a few of the reasons why people choose to play at various online casinos. Online casinos offer a way to play your favorite slots and table games at any time of the day from the comfort of your own home. Forget about getting dressed up and dealing with the crowds of people. Instead, simply kick back and relax and sit in front of your computer. Online casinos, just as land based casinos, offer a wide selection of games to choose from. In many ways an online casino, is very similar to a land based one. With one of the biggest differences being the ways to collect your winnings. Let's take a look at what to do when you win from an online casino.

Withdrawal Process

Each casino may have different rules and regulations when it comes to cashing out but one thing all casinos will have in common is that you will need to verify your identity with them. Since they cannot simply walk up to you and check your id, you will need to supply them certain documentation. Check with the casino of your choice for the list of documentation you will need. In most cases, you will need a copy of your id, front and bank of the credit card used to make your deposit and a recent utility bill. While this may seem like a hassle, it is for your protection as well as to keep the casino in compliance with their local laws. Good news is that once you verify who you are, your next withdrawal at the same casino will go a lot faster.

Withdrawal methods

There are many different methods that one can use to receive their winnings from the online casinos. Check with the casino to see which methods are offered to you. Depending on what part of the world you live in will also depend on what methods are available to you. Generally speaking online casinos will offer withdrawal via a checks bank wire, or one of the e wallet methods such as InstaDebit. Keep in mind that if you choose a bank wire for your withdrawal, your bank will need to be able to accept international transfers. Check with them prior to giving out your account information. Checks are usually mailed via a courier service and the casino will provide you with a tracking number.

Withdrawal Time Frame

Depending on the method that you use will also depend on the amount of time it will take for you to receive your money. The casino processing time is also a factor. Prior to making any deposits with an online casino, talk to the live help. Ask them what the process time is, how long does it take to receive a bank wire, a check etc. Find out all the fine print so that when you win, you will know how long it will take.

While all this may seem like a bit of a hassle the truth of the matter is that all these rules are set in place for a reason. So just understand the rules and you will be one step ahead of the game.

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