ca

How Online Casinos Pay Winnings

coins and slot

Withdrawing money won in a casino is the most enjoyable for customers. You can talk about the fun game, but positive emotions are only guaranteed a favorable outcome in a large payout.

This article does not discuss winning in a casino. It deals with the general issues of withdrawing money from casinos operating on the Internet. We'll discuss what you should consider to avoid problems and accelerate the process of winning.

Payment Methods at Online Casinos

Some modern online casinos use dozens of different payment systems. Others are limited to two or three ways. It depends on various factors: the demand for some methods, financial terms of use, cost-effectiveness, availability in different countries, etc.

We will not consider all the ways to deposit and withdraw wins in detail. You can find articles on key payment systems in another section of Casinoz.

We note only that most casinos offer more ways to deposit than withdraw money. Thus, they try to protect themselves from fraud because some systems do not provide reliable information about the payers and recipients of transfers.

Sometimes casinos put a condition when the customer can withdraw money only using the method that he used to make a deposit. Needless to say, you must use the same account.

Remember the commission you may have to pay. If the casino accepts deposits and makes payments through third-party companies, it better not use them.

Also, be aware that many supported methods of making a deposit and withdrawing wins are not indicative of the high level of the casino. It is undoubtedly convenient for customers, but casinos are more concerned about making a profit than protecting users' funds. Just do not make this assumption as a rule because many reliable and reputable casinos allow using various payment systems.

casino payment systems

Supported currencies

The list of available currencies should be clarified in the casino. Usually, establishments accept deposits in different monetary units, but only some of them are allowed to play. If you use several currencies, ask the support team whether this practice is permitted.

Often customers are not allowed to play for dollars, rubles, euros and other units at once. When depositing in a currency that is not the game currency, check the exchange rate. It may be more profitable to convert the money yourself before depositing.

Bitcoin Casinos

Cryptocurrencies in online gambling have become one of the most popular trends. Many gambling sites willingly accept them from customers, allowing you to bet and, without problems, accrue payments in bitcoins.

Even online casinos have made gambling on cryptocurrency their main feature. But most establishments allow you to use it along with dollars, euros and other monetary units.

Casino Deposit methods Withdrawal methods Accepted currencies
+7
+6
$, €, ₽, ₴
+11
+10
$, €, ₽, C$, ¥, kr
+4
+3
$, €, ₽, KZT
+6
+6
$, €, ₽, KZT, C$, kr, zł, ₴
+9
+8
$, €, ₽
+9
+7
$, €, ₽
+6
+5
$, €, ₽
+11
+7
$, €, ₽, KZT, kr, zł
+1
+1
$, €, ₽, KZT, kr, zł, ₴, YTL
+6
+7
$, €, ₽, ₴

Bonuses for Deposits

Many online casinos award customers additional funds if they deposit money to the account in the recommended ways. Of course, such bonuses are not large, but the wager requirements are usually minimal, making them easy to win back.

Do not refuse to participate in such promotions if it is convenient for you to use the payment systems that the institution advises. how to deposit and withdraw money at an online casino

Fine Print Rules

Casinoz experts do not get tired of reminding: Thoroughly study the user agreements and other information in online casinos, reading all paragraphs and clauses. To the financial issues should be exceedingly scrupulous. The rules often contain provisions that can not be left without attention.

Let's highlight some of them:

  • Money turnover - Many casinos require the player to bet an amount several times the deposit. He will have to pay an impressive commission if he requests a payout without fulfilling this condition. This measure is positioned as a means of combating money laundering.
  • Maximum payouts - The top can be different for individual clients and certain payment systems. If you are going to play on large bets, find out in advance from the support team if they are ready to increase the limit for you.
  • Winning a jackpot - Progressive jackpots are paid out in full or in installments. Interestingly, the total amount can be different when you choose one way or another. For example, if you opt for monthly accruals, you may get more than a one-time payout.
  • Funds in inactive accounts - Are you going to quit gambling for a while? Check how long the casino is willing to maintain your account for free. After a certain time, all casinos start to charge you a fee.

As you can see, unpleasant surprises can be waiting for you at different stages of the gaming process. 

Withdrawal Limits

All online casinos set withdrawal limits. These may include restrictions on the maximum amounts that can be withdrawn at a time, per day, week, month, etc. These figures may vary for players with different statuses or loyalty programs. Moreover, they may not be high for VIP clients.

If the user wins the progressive jackpot, some casinos give it immediately, while others pay only a part without exceeding the limits. But in such cases, there are other options.

Most casinos also set the minimum amount to withdraw from the user's account. This depends on the casino's policy and the conditions of use of payment systems.

For example, in WebMoney, you can transfer any amount to use in many casinos, but restrictions exist in many other ways. Consequently, the casino can not pay out less than the limit.

Terms of Withdrawal

How quickly casinos pay money depends on various factors:

  • the team,
  • the customer's status (high-rollers can work with a personal manager),
  • the terms of the payment system,
  • the location,
  • the security policy, etc.

The first payout takes longer than further when the client's identity is confirmed.

A good casino always indicates how long the payment will take in each available method.

Verification Procedure

If the casino asks for additional documents, do not rush to be indignant when withdrawing money from the account. It says it cares about safety because the casino and its customers can suffer from cheating.

The casino sets a list of documents that may be required. Carefully study the user agreement for it or ask for support.

We recommend finding out all nuances before you deposit money into your account and start playing.

You may not verify your identity because of the lack of necessary documents.

However, some casinos typically pay without such procedures. There is sufficient evidence that the casino requested this during the registration process.

deposits and withdrawals rules in casinos

How to Make Casino Banking Safe

Here are some helpful tips:

  • First, play in a reputable casino and choose the most secure payment systems that value their reputation.
  • Do not pursue the maximum benefit or try to get the money as soon as possible. It is better to pay a fee and wait a little longer than to encounter unforeseen difficulties using a less reliable method.
  • Save all bills. If you pay online, be sure to take screenshots. This will help clarify the staff's technical failures or errors.
  • Always read the user agreement. As they say, there is no excuse for ignorance of the law. If you break the rules of the casino without intention, you will have to pay for it.
  • Do not make multiple accounts at the casino.
  • Fill out all forms with valid data. Otherwise, you may be suspected of fraud.

In short, be careful and honest. Then, you will almost certainly be able to avoid problems when you withdraw winnings from the casino.

Conclusion

In short, be careful, cautious, and fair. Then, you will almost certainly be able to avoid problems when withdrawing your won money from the casino. Trust only trustworthy online casinos. Here are a few proven establishments.

Feel free to answer questions and share your gambling experience with other Casinoz readers.

Frequently asked Questions

👛 How do Canadian casinos pay winnings to customers?

Most websites offer numerous methods of withdrawing winnings, such as credit cards, bank transfers, e-wallets, cryptocurrencies, etc. Keep in mind that some of them are not available in certain countries.

⌚ How long does it take a casino in Canada to make a payout?

It depends on several factors, including the payment method, client's status, house policy, customer's residency, etc. In some cases, you will get your money in a few minutes. Often, it takes days to receive your winning.

⏩ What is the fastest way to withdraw money from online casinos?

Usually, electronic wallets and cryptocurrencies are the quickest way to get you winning from gambling websites. 

Denis Anipchenko
Denis Anipchenko
Editor-in-chief and online gambling expert

Denis is a true professional with many years of experience in the gambling industry. His career started back in the late nineties when he worked as a croupier, pit boss, manager and casino manager. This unique experience allowed him to deeply understand the world of gambling from the inside. Since the late noughties Denis has dedicated himself to writing articles and analyses about gambling, and since the early tens he has become a key figure in the Casinoz team. Here he not only writes and edits content, but also creates reviews, shares his expertise and helps readers understand the intricacies of gambling. Denis combines practical experience and in-depth knowledge, making him one of the most respected experts in the industry. His writings are always up-to-date, proven and useful information for anyone interested in the casino world.

An expert in:
  • casino operations
  • management
  • gambling analytics
  • RTP
  • volatility
  • regulation
  • trends
  • reviews
  • editorial
  • expertise
Facts checked Alex Vasilev Scientific editor and fact checker
Write a comment
Typed 0 synbols, min 50, max 2000
Rate
You rated
0/10