Posts Tagged ‘casino withdrawals’

Pay outs at Online Casino: how do they work?

Have you ever tried to play at an online casino? If not, you probably have lots of questions before actually trying it out. Perhaps you would like to try online casino poker tournaments but are not really sure on how they work, how do you join, but most importantly: how do you cash out if you win?

Of course it is important to know that when you go ahead and do an online casino deposit, you are basically doing the exact same thing you would at a land based casino: using some of your cash to play a game. Of course, at a land based casino you will probably get your winnings paid off to you right away, while casinos online work a little different. Here is a quick online casino guide to help you understand how pay outs work on these websites, how long will you have to wait to get your winnings into your hands and some of the reasons why this process is a little bit longer than one would enjoy:

It is very important to keep in mind that each casino will probably have their own rules and terms when it comes to casino withdrawals and that you need to make sure you fully understand those at the time you want to request a payout.  At The Virtual Casino, we have our own way to handle everything: from your online casino deposit to your cash out goes through a very secure process. This is how it works:

To be able to withdraw money, the first step is to log into your casino account and clicking on the cashier button, this will take you into your main screen, look for the WITHDRAW MONEY button and click on it.

There are several withdrawal methods that will immediately display, in our case we offer: Click2pay, MG Cash, Neteller, Overnight Express (Check), UsemyWallet, Wire Transfer or WU Cash. It is important to keep in mind that most cash out methods will charge you a fee for their service. If you are not familiar with these fees, you can contact the Customer Service Department at The Virtual Casino and they will give you all the pertinent information.

After you have requested your pay out and have chosen a payment method, the request is submitted to the Withdrawals Department where your personal information will be checked out to make sure no one is trying to use your account in a fraudulent way, also, there are different rules regarding withdrawals: if for example you used a bonus, a free chip or a coupon code, they all have different cash out rules, which will be verified by the Withdrawals agents. If the withdrawal request does not meet the requirements, it will be denied within 72 hours after the request has been made.

In the case that the withdrawal does meet all cash out requirements, the approval takes within 10-15 business days of the date the withdrawal was requested. The reason why this takes so long is mostly because all the personal information needs to be verified in detail. After you request is approved, you will receive notification within 48 hours of the approval. At this moment you are required to verify all personal information one last time and will be given the choices of current payout options.

For each type of withdrawal request, there is certain documentation involved and the player need to comply with all of it in order for the withdrawal will be processed.

Another important thing to remember is that there are weekly cash out limits, in the case of The Virtual Casino, we have a max cash-out of $2,000.00 per week, however depending on your player status these can be higher, for example if you are a VIP player.

When will I finally get my money?

In most cases, payments are made within 7 –10 business days of approval; yet this is not an exact estimate as you can see and there is the possibility of a slight delay every once in a while, these mostly because of the banking issues currently undergoing gambling activities. Depending on the payment method you chose, the payment dates may also vary.

So now that you have a clearer idea on how do casino pay outs work, and have a better sense of the security methods used to make sure you receive your money, you might feel a bit less hesitant about doing a deposit to play, don’t you?

blog: thevirtualcasino.com