About withdrawing your casino winnings

June 24, 2019 Posted in News, Tips by No Comments

When playing at online casinos player are given many choices about cashing out and many different options like debit and credit cards, using E-wallets like PayPal, and even pre-paid methods. There is also NZ exclusive POLi payment so the choice is entirely yours. When it comes to deposits they are mainly instant but when it comes to withdrawals of money, these take time. Debit card withdrawals can take 2-5 working days, it takes about a week for withdrawals to be deposited straight into the bank, but e-wallet withdrawals are the fastest with many casinos making payment within 12 hours. Therefore e-wallet withdrawals are considered the best choice. It is up to you to carefully read the rules of each casino to make the right choice and find the right e-wallet for you. 

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Keep in mind that all of the legit online casinos are certified and regulated by the authorities so at some point they need to validate your identity particularly at the time when you wish to cash out The fastest way for you to get your money is to pre-submit all the required documents so that when your big win comes in you have been approved and you can withdraw your winnings. The documents require a clear photo of you which you can take on your phone and e-mail to the support team. All your documents are always on an encrypted secure server so you have no worries there.

So the best thing you can do is to find the most reliable and fastest paying online casino so that you can easily withdraw your winning with no delays. Be aware of the fact that some prestigious gaming licenses might be required by the licensing board to keep pending withdrawals for a certain period of time before they can release them.  

Once your bank actually receives your payment it can take some time to be processed since the bank has its own procedures and rules to follow. So remember to never blame the casino since each establishment has its completely separate procedures. Therefore to have complete peace of mind choose the most recommended casinos to play at which all have their proper licenses and testimonials from players who have received their winnings. 

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New Zealand players have the advantage of POLi Banking which offers casino players who do not have a debit or credit card the chance to deposit money with the casino. The POLi account is a link between your bank and the online casinos which safely transfers your money into the casino so you can begin playing. Keep in mind that using POLi is only for making deposits when you want to withdraw you have to use other methods like e-wallets, checks, or direct bank transfers. 

The fastest method of withdrawing casino winnings are e-wallets like Neteller or Skrill as long as you have all your documents approved beforehand. Your winnings are withdrawn by the casino cashier and you have to let them know how much money you want to withdraw, let them know your preferred payment processor and then just hit the withdraw button. This should take anywhere from 2 hours to 7 days depending on your chosen withdrawal method. 

Lukas Mollberg

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Lukas is the head author at FreeSpinsBonus and responsible for all content strategies and what casinos we review. Lukas has a background of playing poker in the early years of the poker boom in Europe. He became an expert within the online gambling and has been working as an author for several websites.

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