Players bet at online casinos in the hope that they will win. Sooner or later they will want to withdraw their winnings. Before players do that they need to check out a few issues especially if it is their first withdrawal.
Documentation
The first thing players need to ascertain is that their documentation is complete. Because of the legalities involved online casinos are required to verify the players’ identities and therefore ask for copies of certain documents like copies of credit cards or passports. The online casinos process the applications without these documents and allow players to wager. However before the first withdrawal is made this documentation has to be completed. Otherwise the casinos do not process the withdrawal. Since most online casinos accepts copies through fax sending the documents is a simple process and should not be ignored. This is rather stupid since none of them ask for proof before you deposit but it is a requirement and getting mad will do absolutely no good.
Timing
A similar situation arises with the first deposit. As soon as the online casino receives confirmation of the transfer of the deposit they allow players to wager. The actual transfer of funds can take a few days, especially if weekends or holidays come in between. Unless the casino’s bank confirms receipt of the deposit the casino will not allow casino withdrawals against that deposit. Therefore players should wait a few days after making the first deposit before seeking a casino withdrawal. As an added precaution they can check with customer support if their deposit has cleared.
Choosing the Correct Banking Method
The most crucial decision before requesting the first online casino withdrawal is choosing the method of withdrawal. Ideally this decision should be made before making the first online casino deposit because deposit and withdrawal options are usually linked. Certain withdrawal options are valid only if certain casino deposit options were used and hence selecting the deposit and withdrawal options should be a combined decision. Other issues involved in selecting the withdrawal option are the country of the player and the currency that the gaming is conducted in. All withdrawal options are not applicable to all countries and currencies and hence care should be exercised. A final factor concerning the casino withdrawal options is the cost. Online casinos often charge for remitting funds through checks or bank transfers but not through electronic methods. However the financial service providers may levy a charge and the players should account for this.
Minimum and Maximum
There are maximum and minimum limits for withdrawals and these may be separately imposed by the online casinos and by the financial service providers. Less than the minimum amounts will not be remitted therefore making a request unless that amount is available is futile. Sometimes online casinos levy charges for remitting small amounts and unless funds are required there is no point in paying the extra charges.
Wagering Requirements
Another issue that is linked to withdrawals is the wagering requirements. If the player has not availed of any bonus then this does not come into play. However most new players do avail the welcome bonus and therefore have to meet the requirements. Even if the player has kept track of the wagers placed it is advisable to check with customer support if the wagering requirements have been met. This is because there are some online casinos that freeze the payments if a withdrawal request is made before the wagering requirements are met.
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