Online Casino Withdrawal - What you need to know

Online casinos have conquered the gambling market. In the last 20 years, the Gambling world changed enormously as more and more gambling providers have found their way onto the internet. This is true not only for online casinos, but also for lotto and Sports betting provider. This is due to the great advantages offered by the Internet. In a Online casino players can enjoy gambling around the clock. In addition, mobile apps can ensure that boredom does not arise even when on the move. Another big advantage is that the payout ratios in online casinos are significantly higher than in standard casinos. In addition, new customers in online casinos usually receive an excellent bonus.

In addition, regular promotions, Bonus programmes and loyalty points are awarded. The goal is, of course, to make a profit, which is paid out at the end. To do this, customers must deposit money into a gaming account and play games of chance. If a win is made, then this can be paid out. How the payouts are merged in an online casino and what customers have to pay attention to during a payout is explained in the following text.

How can money be paid out?

After the customer has won money, which is now in the gaming account, this can be paid out. Most providers offer different payment options for this purpose. An important rule at many online casinos is that only the method that was also used for a deposit can be selected. Therefore, customers must already think about how they want to withdraw money at the end when making a deposit. However, this is not possible with all payment methods, as, for example, no payout is possible with the Paysafecard. In this particular case, players can resort to another payment option. This is handled differently at most online casinos. Often, these customers have to choose bank transfer or can select a desired provider themselves. Withdrawals can usually be made by bank transfer. However, bank transfer is the slowest method and can take up to five business days.

The credit card is faster, but fees are often charged for this withdrawal method. The best variants at present are the electronic wallets, as these not only provide the money quickly, but are usually also free of charge. The most popular electronic wallets include Neteller, Skrill and PayPal. The latter method is particularly popular because it offers buyer protection. Before a withdrawal can be made, however, the identity must be verified.

What do customers need to bear in mind when making their first withdrawal?

If the customer has never had money paid out before, then an identity check must first be carried out. This is only mandatory for the first payout and can even be done beforehand so that this process does not have to be carried out immediately before the payout. The provider requires two documents for the identity check. These are a copy of the identity card and a consumer statement. However, many online casinos are content with the copy of an identity document, as this is completely sufficient in most cases. This copy must be sent to the customer service by e-mail. This can take a few days at some online casinos, as an employee has to confirm the identity.

The consumer statement is mostly required for address verification. However, this is only required in a few online casinos. Once the identity is verified and the online casino gives a green sign, the money can be released for withdrawal. Depending on the payment option, the money arrives sooner or later on the customer's current account.

What do customers have to look out for in bonus money?

Most online casinos provide a new customer bonus. In addition, there are usually loyalty points programmes and other bonus programmes and promotions that provide bonus money. However, this money cannot simply be withdrawn, as every bonus balance usually has bonus conditions. Some bonuses are unconditional, but these are usually very small amounts of money or free spins. Before a bonus can be paid out, the bonus conditions must be read in the general terms and conditions. The listed conditions must be fulfilled one-to-one within the specified time frame. Only in this specific case can the money be released for withdrawal.

Therefore, it is often not the amount of the bonus that is decisive, but the bonus conditions. If the player cannot fulfil the bonus conditions, the bonus is not worthwhile. If the bonus conditions are fulfilled, the bonus can be paid out without any problems. This works exactly like a normal payout.

What bonus conditions do I have to observe?

Bonus in €	Terms of payment	Minimum age +18	Terms of turnover
Bonus in %	T&C's of the casino	Licensing	Duration

Which online casinos have an attractive welcome bonus?

• Stake7 Casino
• SCasino

Our conclusion

Before a withdrawal can be requested, an identity check must first be carried out. This can take a few days and should ideally be done in advance. As a rule, customers must choose the payment method that was also used for the deposit. This is not possible with all payment methods, as a withdrawal can usually be made with the Paysafecard. Money that has been earned via bonus offers must first be released via the bonus conditions, as otherwise a withdrawal is not possible. Different payment options are available for withdrawals. The classic payment options bank transfer and credit card can usually always be used. The new electronic wallets work better and faster. Most online casinos offer Skrill and Neteller as well as PayPal as electronic wallets.

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