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Casino deposit methods and withdrawals may be a bit confusing for some players. For this reason, we have created this comprehensive guide to help players understand casino payment methods and casino withdrawals.
In addition to describing frequently used deposit methods such as Bitcoin, PayPal, and Neteller, we have reviewed and ranked casinos with no max cash outs as well as highest payout casinos.
Instead of simply listing cashout methods, this guide will also help you understand the most popular payment categories that services are sorted into. There is also a detailed guide for withdrawals, and a guide for KYC verification.
If you want to explore fast payouts and instant withdrawal casinos – because regular cashouts take time – you can find the guide below as well.
Here is a check list to help you understand casino withdrawals better. Although casino withdrawals differ from method to method, the very first step is always the same: picking a reliable casino site. Here are the main aspects that help you choose online casinos with the best casino payment methods.
Some of the most used deposit and withdrawal methods at online casinos are Visa & MasterCard credit/debit cards. Cryptocurrencies, electronic wallet services, checks, and bank transfer are also popular. Online casinos withdrawal methods typically need to match with your deposit option. However, this is not always possible. For example, MasterCard does not serve as a withdrawal option in most countries. If you choose a deposit method that does not function as a withdrawal method, you have to choose an alternative method to receive your winnings.
- CO EditorAlthough deposits and withdrawals are two separate processes, it helps to find a reliable deposit method that supports withdrawals too.
A large number of payments are deposit-only, without the option to cash out winnings. This would not be an issue at all if it were not for casinos that implement a rule of single service for transfers: a rule that states you must use the same service both for deposits and withdrawals. And given that the offer of withdrawal option is more limited compared to deposits, players are left with few choices to choose from at online casinos.
However, withdrawal methods can be sorted into four main types: credit/debit cards, e-wallets, bank transfer, and crypto payments.
Credit and debit cards are among the most used payments in online casinos. They are super convenient because they support both deposits and cashouts, they are secure, and almost everyone using banking online has a bank account and a card.
However, cashouts with Visa, Mastercard and other cards is not always the best way to get money from a casino. Namely, cards have one massive downside – they are slow. Cashouts take from 3 to 5 business days, which is time not many players have. Add to that the verification process of the casino, which can last up to 2 days, and you are looking at an entire week that you have to spend waiting for your money to arrive.
But they are secure, and so many players trust them, so they are a staple of online casino banking. Credit cards are used in most EU countries and the USA, while the UK and similar markets have banned credit cards and allow only debit cards.
E-wallets such as PayPal, MuchBetter, Skrill, Jeton, and Neteller are just some examples of digitalized wallets that allow users to transfer money to and from their accounts.
They appeared a decade ago and have infiltrated the casino industry thanks to their convenience and ease of use. Electronic wallets work in the same way as regular wallets: they store cards from banks that you can use to pay for items online, send and receive money.
E-wallets support both deposits and withdrawals, which is a major benefit for the users. Another benefit is their speed: transaction times are very short compared to card transfers. With e-wallets, you can expect the money to arrive within a day or two, and that’s even with the verification procedure.
E-wallets are also available everywhere, from the USA to UK, Europe, Canada, Sweden, Australia, New Zealand, and wider. There are many variations and different services that you can use as digital wallets, so it’s just a matter of finding the best one for you.
Bank transfer is perhaps the most basic way to transfer money from the casino to your bank. It’s also called wire transfer at some casinos. Bank and wire transfers directly contact the bank to activate a money transaction.
However, this method is, while very reliable, too slow. It takes up to 5 days for the money to appear at one’s bank account, just like with credit and debit card payments. That is why bank transfers are slowly becoming obsolete.
Instead, players are turning towards online bank transfers which are basically the same but are faster and easier to use. The effect is the same: it’s trustworthy, so you never have to worry about data privacy. But there’s a downside too: some casinos may incur fees.
Fees are not that common, especially with modern options. However, with bank transfers, you are very likely to have fees added to the money you are looking to withdraw.
The fourth popular category of payment methods often used for cashouts are cryptocurrency options. Cryptocurrency such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum and others are very popular deposit methods at online casinos. In fact, gambling websites that offer crypto payments are known as crypto casinos, as that’s a new trend – there’s also a growing number of crypto games that you can play at these venues.
Cryptocurrencies are still a little bit controversial. There’s a lot that people who are not tech-savvy do not understand about blockchain, which is why they are not welcomed in every market. Case in point, the UK – casinos cannot get a UKGC license if they are a crypto casino.
Still, crypto payments are great for players who enjoy speedy transfers, anonymity that is still safe, and little to no fees. Many casinos with Bitcoin and other cryptocurrencies impose withdrawal fees for other payments except for BTC and similar crypto payments.
Casino account verification is a major part of the whole casino experience. Simply put, you will not be able to withdraw funds before the casino confirms your identity. This is just standard practice and there’s nothing bad in it – it’s done to keep both you and the casino safe.
Moreover, online casinos are required by licensing bodies to verify player accounts prior to processing withdrawals for security reasons. Players may feel that this is a hassle, but the verification procedure is essential to verify sensitive info. Details such as players’ age, identity, nationality, and the fact that they are the true holders of the credit/debit cards or e-Wallet account they are using for deposits and withdrawals must be confirmed.
This is to ensure that the payouts reach the right person.
As part of the verification procedure, players have to scan or take photos of the following documents and either send them to the online casino through email or upload them on their gaming account pages:
If you feel uncomfortable about sending copies of your credit/debit cards, you can always blur out some of the digits of your credit card number and the entire CVC number on the back of the card. The online casino will not process payout requests until and unless your account is verified.
As soon as you make a payout request, it enters a “pending” state, during which you are free to reverse your requests. During the pending state, the online casino verifies player accounts. This takes one or two days or more if players haven’t sent the supporting documents.
The online casino takes another day or two to actually process payouts. It then credits the payouts to players’ preferred payout method. The time taken for your winnings to appear in your account depends on the preferred payout method. While e-Wallet withdrawals are instant, wire transfers may take up to a week.
According to the UK Gambling Commission, ID verification in online casinos is pivotal for three chief reasons:
Usually, persons under the age of 18 are not allowed to gamble online. The rule applies to both real-money games and demo mode titles. To access any casino game online, an individual needs to be at least 18. In some countries and regions, you need to be 21. So, be acquainted with the gambling-related laws in your country before attempting to gamble. Confirm your age to activate your account.
Problem gambling is a serious issue that can never be overlooked. Gambling can be addictive, and casinos do all in their power to hinder it. In some cases, players ask directly for help. In turn, the operator deactivates the client’s account by request. That way, the person cannot gamble anymore, or for a certain period of time.
However, some persons attempt to gamble after self-exclusion by creating a new casino account. As soon as the casino notices they have self-excluded, it’ll take reasonable steps and not activate their account. Here’s a list of anti-gambling software and self-exclusion services.
One of the most common reasons for checking your identity before a withdrawal has to do with scams. To avoid someone else withdrawing money from your account, confirm it is really you.
It does take a couple of minutes, but it is better to stay safe than sorry. Under the rules of the UGKC, casinos have to be able to identify if one person holds multiple accounts. This is not allowed in online gaming. Such persons cannot withdraw without sending any documents.
Money withdrawals at online casinos are fairly easy to understand. However, players may encounter some limitations that may cause confusion. Here are the main elements of online casino withdrawals to consider before you start a money cashout.
Processing time refers to the time it takes for the payment service to process your money and transfer it to the location you stated. Traditional payments take it very slow – from 3 to 5 business days. However, modern options are much faster. E-wallets take a couple of hours up to a couple of days, while crypto payments take a few hours tops. Processing time is a massive factor that affects the choice of online casino banking.
Fees are not very common and definitely not tied to every payment service. However, there are many methods that do incur fees – transfer fees, storage fees, withdrawal fees, currency conversion fees, and a great deal of hidden fees. That is why it’s important to check with the service provider the existence of costs to avoid being surprised by massive fees later.
Some casinos do not limit players, but withdrawal limits are a very natural part of the casino offer, as they are built-in restrictions. It’s best not to avoid casinos with limits, but pick sites with high limits for daily/weekly/monthly withdrawals. Some venues tend to increase this in case you enter the VIP club. Lump sums are also a solid solution for jackpot win payouts.
Wagering Requirements (Rollover, Playthrough) are limits for players with bonuses. Wagering requirements refers to how many times you must wager the deposit + bonus sum to get to withdraw winnings. Failure to fulfill rollover results in bonus voidance. Be very cautious of the wagering req before claiming a bonus. The withdrawal might cost you an arm and a leg. Truth be told, some bonuses come rollover-free, but these are scarce.
Online casinos are organized entities that have to perform safety checks regularly. And although online casinos with no verification withdrawals appear convenient and time-efficient, they usually lack professionalism and security. When sending documents to casinos, you’re proving your identity and preventing a third party from abusing your data. Simply put, licensed and regulated operators have to ask for your documents to allow withdrawals.
Cashouts at online casinos are the end of the adventure. There are many hoops to jump through before you get to withdraw winnings from the casino. Here is a step-by-step procedure of what it takes to get cash out money from an online casino.
If you select the following withdrawal methods, you can look forward to instant withdrawals:
At the end of the day, though, it all goes down to your preference. If you need online casino wire transfer withdrawals, you’ll opt for bank wire operators. The perk of this withdrawal option is that it usually allows big withdrawals. However, wire transfers are also too slow for more gamblers.
On the other hand, e-wallets are speedy and efficient, with moderate limits. The middle-of-the-road solution might be the online casino debit card withdrawal. Credit and debit casino payment methods usually take between 7 and 14 working days, not letting you wait for too long. Additionally, you may be able to withdraw much more than with an e-wallet, so that’s a plus.
Ultimately, modern punters often choose Bitcoin or other cryptocurrency. In many cases, instant withdrawal casinos feature Bitcoin as a means to transfer your cash back and forth. But to use Bitcoin, you have to be tech-savvy to an extent, so make sure you’re armed with applicable cryptocurrency knowledge in advance. The most popular cryptocurrencies Bitcoin, Litecoin, Ethereum, and Ripple XRP.
Top 3 withdrawal options with details, like type, limits, fees, and target markets
Payment | Visa |
Type | Credit/debit card |
Limits | $10-$1,000+ |
Fees | None |
Market | International |
Visa and MasterCard are the staple of casino banking on the internet. They are available everywhere. Casinos often allow only Visa and Mastercard withdrawals when there are no other options. Cashing out with this option is probably going to take a long time – up to 5 business days – but at least you know your money is always safe and your data protected. You can use Visa in every corner of the world, even where no other payment method is supported.
Be careful of the type of card you are using. Some casinos allow both credit and debit cards, but that is not everywhere. Namely, the UK casinos have banned credit cards, as they are considered dangerous for players with a tendency to gamble beyond their possibilities.
Payment | Bitcoin |
Type | Cryptocurrency |
Limits | $10-$4,000+ |
Fees | None |
Market | International |
If you are not in the mood for a card transfer, you can always try crypto. Cryptocurrency payments and casinos are growing in popularity. More and more casinos are supporting crypto, and there are even new casino games that are blockchain-based.
All this has contributed to growth in Bitcoin casinos. Bitcoin is the most widely used digital currency, but other currencies are used as well – Litecoin, Ethereum, Monero, Tron, Binance, Solana, and various other options.
The perks of using Bitcoin include anonymity, safety, ease of use, and fast payouts. Processing times are nonexistent as you can get your money within a couple of hours. The only thing that you need to use Bitcoin is a working crypto wallet.
Payment | PayPal |
Type | E-wallet |
Limits | $20-$2,000+ |
Fees | None |
Market | International |
PayPal is a digital wallet similar to MuchBetter, Jeton, Skrill, and Neteller. Neteller and Skrill used to be the go-to digital wallets, but a growing number of online casinos have excluded them from welcome bonuses, which led players to switch focus onto PayPal and similar options.
As a result, PayPal is currently one of the most widely used e-wallets in the entire industry. The benefits of using PayPal are many: you can get your money easily (PayPal is so easy to use), the money will arrive shortly (processing time can take up to a couple of days) and it works everywhere (PayPal works in the USA, Canada, Europe, Australia, Asia, and Africa).
Players are advised to check fees before depositing and withdrawing money using this option. The casinos do not charge, but the banks associated with PayPal wallets may incur fees for deposit and withdrawing funds via PayPal.
Here you have some sweet answers!
The minimum withdrawal amount varies from casino to casino and from payment method to payment method. Players have to either contact customer support or check out the online casino’s banking page to get an idea of exactly how little they can withdraw at a time.
An e-wallet, also referred to as an electronic wallet, is an online service or electronic device that enables consumers to make payments for products and services purchased at online stores. Since consumers don’t have to reveal their banking or credit card details to the online merchant, eWallets present a safe, secure, and anonymous way to pay for goods and services online. The service is also very fast, sometimes instant.
Some of the most used eWallets are Neteller, Skrill, and PayPal. Online casino players can use these to make online casino deposits.
This depends entirely on the online casino and the game provider it has partnered with. You can withdraw amounts as much as or equal to the maximum withdrawal limit without any hassles. The online casino may just ask you to undergo a verification procedure, as part of which you have to submit documents that prove your age, identity, country of residence, and ownership of credit/debit card or eWallet account.
However, the case is different for progressive jackpot wins. Some casinos will payout the entire amount in one go. Some casinos may take a longer time to pay out progressive wins. And some casinos pay out progressive jackpot wins in increments equal to their maximum withdrawal limit
Our recommended online casinos do not charge any fees for processing payouts. However, some casinos may charge withdrawal fees for certain payment methods. Simultaneously, banks, credit card companies, and financial institutions may charge processing, transaction, and foreign currency conversion fees, which the online casino has nothing to do with.
No, it depends on the casino. Sometimes it can last shorter, but if you fail to submit necessary documents, it may last longer (or even be denied).
Thanks to her keen eye for details and dedication to keeping her finger on the pulse of iGaming, our Editor-in-Chief Andjelka has ensured CasinosOnline remains a trusted source of unbiased and right information in the industry.