Online casinos have grown to be a very popular way to enjoy vworld online entertainment. Online casinos are now accessible from anywhere. You no longer need to make travel plans or arrange lodging to get to your favorite Vegas casino. You can enjoy your favorite casino games from the comfort of your own home.
However, most players are not aware, or don’t know it yet, that the way they get their winnings online is different from at a Vegas-based casino. In a Vegas casino, you would collect your coins, chips, or player tickets, and then cash in. You would get your payout immediately.
Payouts at online casinos are a bit different. You need to be aware of three things about payouts before choosing a casino.
Online casinos offer many different withdrawal options. If you have used one to deposit to player accounts, the most popular methods are a withdrawal to your credit or debit card, or to an online payment processor. NETeller is one of the most popular online payment processing options used by online casino. Click2Pay, eWallet and Moneybookers are also common. There will be options at some casinos that allow you to receive your winnings in a check or electronically to your bank account.
Before depositing any money, you should check the available withdrawal options. Don’t get in a situation without a way to receive your payout. If the online casino does NOT accept PayPal, then your winnings will not be transferred. You can check the withdrawal options before you make withdrawals to avoid stressing out later.
Timeframe for Receiving Payouts
It is common for online casino payouts to be received at different times. Payouts are usually not instantaneous because there is no contact person-to–person like in a Vegas casino cashier. It might be possible, but the exact timing will vary from one casino to another. You will get the fastest payouts if you transfer to credit cards like your debit card. Other options, like receiving a check in mail, may take up to ten working days.
Sometimes your winnings are delayed for security reasons. Some online casinos will keep your winnings in order to protect their financial information. Unfortunately, hackers can attempt to steal your winnings by logging into player accounts and asking for withdrawals. Casinos will require a faxback in order to prevent this. You will receive a faxback form from the casino. Fill it out and return it to them. This allows them to verify that you are the account holder.
You should also be aware that online casino payouts can have transfer charges. The cost of wire transfers is usually charged and the casino will most likely pass that charge onto you. Some online payment processing providers will charge a percentage of their services, while others will charge flat rates. You might have to pay a conversion fee if your credit cards need to convert your winnings into another currency.
The casino may be responsible for some of these charges. For more information, contact the customer support team. You will need to contact the customer service team if you use a credit card.