What Causes the Delay in Payouts in Online Casinos
It is understandable that you want to have your winnings the fastest possible time. After not winning for such a long time, you deserve to be paid instantly. But while you desire to have your money as soon as possible, you may not be able. If you have not read the terms and conditions carefully, you may have no clue at all why there are no quick payouts. In land-based casinos, withdrawal of winnings can be as straightforward as can be. You can cash out chips after your game.
In online casinos, cashing out winnings may take more time. Each online gambling site has its own rules on withdrawal. As a consequence, you really have to read the terms and conditions and know the withdrawal process. Only then that you will realize that it is quite easy to withdraw.
The delay of payouts may be caused by many factors. Some of these causes can be the result of your decisions. On the other hand, some delays are caused by organizational procedures. To help you understand the main reasons of payment delays, here are the factors that are affecting the speed of withdrawing money from online casinos.
Verification Process
Most online gambling websites will require verification upon players submit their requests for withdrawal of their winnings. A verification code is then sent through email. You need to enter it correctly in order to continue with your cash-out request. Sometimes, the verification process takes time to ensure that no mistakes, like wrong amount or wrong recipient, is committed. Verification also enables casinos to prevent laundering, identity theft, and other criminal acts to ensue. The verification process may take 1 – 10 days, depending on the online casino.
Preferred Payment Method
Your selection of a payment method can also affect the length of time you can withdraw your winnings. You should know the accepted withdrawal methods the online casino accepts. The fastest method which can allow you to withdraw your winning is through web wallets and cryptocurrencies which can pay you within 24 hours, Credit and debit cards can take three days to six days. On the other hand, bank transfers will take 3 – 7 day. Bank checks can take the longest time at three weeks.
Untrustworthy Site
The above two causes of delay in payouts are legitimate reasons. But when the delay does not fall under one of them, and customer service is not helping you out, you may begin to think that you chose the wrong online casino. It can be a fake casino.
Indeed, choosing a casino carefully will spare us from ugly experiences, such as delayed payment or non-payment at all.