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How to withdraw your bonuses and winnings, 8 Things to Consider when Withdrawing Online Winnings in Canada

8 Things to Consider when Withdrawing Online Winnings in Canada

Published January 25, 2017 Staff Writer Updated September 21 , 2017 4. Follow the prompts to enter your payment information and complete your transaction.

How to withdraw your bonuses and winnings

Published January 25, 2017 Staff Writer Updated September 21 , 2017

So, you’ve signed up for an account with an online casino, have taken advantage of the welcome bonus on offer, played a few games and racked up some winnings, but now what? How do you turn your winnings into cash in your hand? We explain all you need to know about withdrawing your bonuses and real money winnings from an online casino.

Best online casinos with deposit bonuses

How to withdraw your casino winnings

Withdraw real money winnings online casinos

When you play at an online casino, any winnings you make are automatically credited to your casino account, where they sit until you’re ready to cash them in. When it’s time to withdraw your funds, this is a relatively easy process and will only take you a couple of minutes to complete. Here’s how easy it is to cash-in your winnings:

1. Sign into your online casino account.

2. Go to the casino’s banking or cashier section and select withdrawal.

3. Select your withdrawal method and the amount of money you wish to withdraw.

4. Follow the prompts to enter your payment information and complete your transaction.

The most important thing to be aware of is that most withdrawals come with a processing time of at least a day or two, so you won’t necessarily get immediate access to your winnings. This is due to the casino verifying your account before processing your payment, along with any processing times required by your chosen payment provider. However, improvements to web wallet services like Neteller and Skrill mean some transactions can now be processed on the spot. It’s entirely dependent on the venue.

Withdrawing bonus money

Please be aware that you’re required to hit certain wagering requirements before you’re able to withdraw any money from an online casino. This means you’ll need to spend a certain amount of money at the casino before you’re able to benefit from the free credits you were offered. Some casinos also impose a cap on how much money you are able to win when playing with bonus money. Always check the terms and conditions of a bonus offer so you understand your requirements.

For further information, read our detailed page regarding online casino bonus wagering requirements.

What withdrawal methods are available?

The withdrawal options available vary from casino to casino, and may differ from the deposit options on offer. If there’s a certain banking option you’re hoping to use to cash-in your winnings, always check the terms and conditions of a casino before signing up to ensure that will be a valid option.

Here are the withdrawal options available at our recommended casinos, which will give you an idea of just how varied each venue can be:

Guts – Instant Banking by Citadel, direct bank transfer

Royal Vegas Casino – Visa, MasterCard, Neteller, Skrill, ecoPayz, Entropay, direct bank transfer

32Red – Visa, MasterCard, Neteller, Skrill, ecoPayz, Paysafecard, Citadel, direct bank transfer (Note: Australian players are no longer accepted at 32Red)

The withdrawal options available are subject to change at any time, so log in to your online casino account to see what options are available to Aussie players. You can also use the live chat function to speak to a customer service rep at a casino if you’re unsure about what withdrawal methods are available to you.

Is there a limit on how much I can withdraw?

Unless you have gained VIP status with an online casino, it’s important to note that each venue has its own limitations on how much or how little a player can withdraw at a time. This means regardless of how much money you have sitting in your account, you may not necessarily be able to withdraw it all in one hit.

The withdrawal limits vary, but to give you an idea of what you can expect, here are the limits imposed by our top-rated casinos:

Guts – Minimum withdrawal of $10, and maximum of $5,000 when using Instant Banking by Citadel, minimum of $20 and maximum of $50,000 when using direct bank transfer.

Royal Vegas Casino – Minimum withdrawal of $50, no maximum.

Do I need to provide identification?

One thing online players aren’t always aware of is that you will likely be required to provide proof of identification before being able to withdraw your winnings from the casino for the first time. While ID is not required to sign up for an online casino account, you may be required to provide a copy of your passport, driver’s license, utility bill or credit card when it comes time to cash in your winnings. If ID is requested, you’ll need to scan and email these documents to the casino operator.

There are several reasons you need to provide identification, the most important being to prove that you’re over 18 (the legal age for gambling in Australia). Providing ID is also a way for the casino to ensure security measures are being upheld and that the casino isn’t being used for cash laundering or illegal activity in anyway.

The ID you provide will need to match the details you’ve entered when signing up for a casino account, so make sure to use your correct name, date of birth and address when registering to avoid any potential problems when it comes time to cash your winnings.

Looking for an online casino that offers a selection of trustworthy withdrawal methods? Sign up for an account at 32Red where Aussie players are eligible for a welcome bonus of $160.

Payment methods

Registering for an account and placing a deposit is the first step you need to take to play online and claim a generous welcome bonus. But, what should you keep in mind when depositing or withdrawing?

Our latest casino payment method reviews

InstaDebit

EcoPayz

Instant Banking

iDebit

PayPal

Bitcoin

How Secure are your Payment Details when Playing at an Online Casino?

Most of us have paid online at least once to buy an item from online stores like Amazon or eBay. To facilitate the process, we choose a payment method we’re already familiar with and readily available.

The range of online payment methods is quite expensive – embracing credit and debit cards, together with a variety of e-wallets. The good news is that the best online casinos accept a variety of payment solutions.

Here at CanadaCasino.ca, we promote only the safest online casinos, that are licensed by the leading regulatory bodies, such as the Malta Gaming Authority and the UK Gambling Commission.

If you include in this mix the most reputable payment methods, you can be sure to enjoy the safest gaming experience.

Did you know?

According to Fast Company, the first secured online transaction took place in 1994 on NetMarket, when the buyer bought a copy of Sting’s album ‘Ten Summoners’ Tales’.

Most Common Payment Methods Online in Canada

In our research, we discovered that the most popular online casino payment methods belong to three particular categories: e-wallets, debit/credit cards and online transfers.

Below we have compiled a list of payment methods together with the most important areas:

The Different Types of Payment Methods

As you can see there are many payment methods in Canada that fall under the 3 main categories.

Then there are those which are hard to put under a heading, but which are still worth considering.

In the next section of this guide, we have published a payments method list containing all the options that are popular in Canada, focusing particularly on those that are favoured by casino players for their security, speed and ease of use.

1. Debit & Credit Cards	4. Mobile Apps
2. Cryptocurrencies	5. Bank Transfers
3. E-Wallets	6. Prepaid Card & Vouchers

Debit & Credit Cards

Debit and credit cards remain the most popular payment methods for casino gamers. Their reputations are based on the processing speed and security they provide.

Visa – It is perhaps the most widely used payment method to deposit with online casinos. It offers speedy deposits and complete security.

Deposit with your favourite casino using a Visa card and the funds will hit your account almost instantly.

The security we’ve already mentioned is known as Visa Secure (previously known as Verified by Visa), and it is very welcome by all users.

Mastercard – We should point out right away that usually, you can only deposit in a casino account when using Mastercard.

Withdrawals are normally refused and you need to choose different payment methods to receive your winnings.

Despite this setback, Mastercard should not be ruled out completely. As a deposit option, it offers the added security of the SecureCode enhanced features and also rapid transactions.

Maestro Card – Just like Mastercard, withdrawals are a rare occurrence with this particular option.

On the other hand, deposits are usually free of charge and you’ll have the added security of the SecureCode to action a payment, adding that extra layer of safety that players seek.

American Express – Although it is considered a rare payment method for casino gaming, a small number of platforms accept the American Express card.

The option to use it for withdrawals is not always available.

The SafeKey authentication employed by the American Express Card limits the risks of your data being compromised while transferring funds.

EntroPay – Although EntroPay was officially closed down in 2019, it is still used as a payment solution by some online casinos.

As a card, it uses the Visa network and needs to be funded through another payment method.

It is so popular with players because you don’t need to reveal your card details to the casino or any other third party. You simply supply the information about your EntroPay card.

Interac – A popular method in Canada, Interac acts as a ‘middle man’ between your bank and the online casino of your choice.

Interac is considered to be highly-secure since you never need to reveal any of your banking information. Furthermore, transactions are protected by the combined efforts of the casino and your banks’ safety measures.

AstroPay Card – AstroPay is a prepaid card which you need to fund through an alternative banking method before proceeding to make a deposit with a casino.

Just like the last couple of payment methods, with AstroPay you don’t need to share any of your sensitive personal banking information, making it a preferred choice amongst players.

Cryptocurrencies

Cryptocurrencies are becoming increasingly popular amongst casino players seeking anonymity and the safety of the private security key system.

The way it works, you need to first access a casino’s public address and then input your own private key to proceed with the payment.

Bitcoin – Any casino that accepts any kind of cryptocurrencies would most likely accept Bitcoin.

Bitcoin is the most common version of the currency and although transactions might take longer to be processed than other payment methods, it is safe and completely anonymous.

Ethereum – This is the leading alternative to Bitcoin as it shares many of the same benefits with its rival – that is security and anonymity. In addition, Ethereum offers a recognizable and enjoyable platform to spend your ETH.

Ripple – While not so widely used as Bitcoin or Ethereum, Ripple is still supported by some Canadian online casinos. Also referred to as XRP, Ripple is available for both deposits and withdrawals.

Stellar – Still largely unknown but also accepted in some cases, Stellar, or as it is also known XRP, allows you to deposit with a casino and receive withdrawals as well.

E-Wallets

Where speed matters, e-wallets are a player’s first choice.

Deposits are usually processed instantly, allowing you to dive right into the gaming experience without delays.

Withdrawals, though not as fast, are still quicker than most other payment methods.

PayPal – One of the most popular e-wallets worldwide, PayPal is secure, convenient and fast. What’s more, deposits are free of charge!

MuchBetter – This is an award-winning payment app, whose popularity is increasing worldwide. MuchBetter is secure and guarantees “fast transactions, smooth withdrawals and exclusive rewards”.

Skrill – Previously known as MoneyBookers, Skrill is an e-wallet that needs to be funded through another payment solution, be it a credit or debit card or by bank transfer.

Most online casinos operating in the Canadian market support this payment option.

Neteller – Created specifically to cater to online casinos and players, Neteller is one of the leading payment solutions online. Both deposits and withdrawals are allowed with speedy transactions too.

Important Note: Skrill and Neteller are not available for use in Canada. Furthermore, often online casinos exclude Skrill and Neteller users from making use of the casino bonuses.

Mobile Apps

Pay By Phone – This is a clever little payment method that few people know about. It lets you deposit into your casino account through your phone bill. All you have to do is deposit with the casino and the amount will appear on your next bill.

Though deposits are that easy, you cannot withdraw using your phone.

Zimpler – The Zimpler app connects your bank and casino account without sharing any sensitive information. It is fast, secure and keeps your banking details secure at all times.

PayPal Mobile App – If you are a PayPal user you’d be pleased to learn that they have a dedicated mobile app. The mobile app increases security by adding a passcode into the transaction process.

Boku – If security is high on your priority list then Boku is your app of choice. With this payment method, the only thing you share with the casino is your mobile number.

Bank Transfers

When compared to any of the other payment methods we’ve mentioned, bank transfers might appear slightly old-fashioned. However, they remain secure and reliable, ideal for those who do not wish to use debit or credit cards for gambling purposes.

Bank Transfer – Although it is not the quickest payment solution out there, bank transfers are highly secure since they come with extra security protocols, put into practice by financial institutions.

These days many online casinos accept fast bank transfers, an updated version that allows transactions to go through faster.

Wire Transfers – A wire transfer is in a way similar to a bank transfer. The only difference is that they are sent internationally instead of to another local bank account.

Trustly – Rather than a payment provider, Trustly is a technology company used by the likes of PayPal to conduct financial transactions. These days, however, they have their own product, which is becoming increasingly popular with casino players.

iDEAL – Widely used in the Netherlands, iDEAL is an eCommerce platform that redirects customers to their own internet banking to complete the transactions.

GiroPay – Set up as a traditional bank transfer platform, GiroPay is mostly used in Germany as an intermediary between bank accounts and merchants.

POLi Payments – This is the banking transfer system of choice for Australia and New Zealand. POLi is a ‘pay anyone’ platform that acts as a safe middle ground between the bank and the merchant.

InstaDebit – Used mostly in Canada, InstaDebit is a bank transfer platform that uses 128-bit encryption technology and high-level security firewalls.

Prepaid Cards and Vouchers

When adding funds to your casino account, there is no other payment method safer than a prepaid card or voucher.

Through the use of such solutions, you don’t need to share your bank details or credit/debit card with anyone.

Instead, your prepaid card or voucher will come with a unique code that you input in your dashboard to place a deposit with the casino.

PaySafeCard – Many online casino sites accept PaySafeCard and for this reason, it is quite popular amongst casino gamers.

It is very easy to use; simply purchase the card online or from a local retailer and use the value of the card to deposit with the casino operator using the provided 16-digit code.

EcoPayz – EcoPayz has partnered with Mastercard to create their own card – EcoCard. It has been fitted to send money online within minutes.

You don’t need to have a bank account to register for an EcoCard.

Did you know?

Fisglobal statistics indicate that the most commonly used payment methods in an online capacity are e-wallets at 36%, credit cards at 23% and debit cards at only 12%.

Solutions to Common Payment Issues

In most cases, deposits and withdrawals are quite straightforward, however, there might be occasions when you might stumble onto a hiccup.

Here is a quick look at some of the solutions to the most common issues.

I can’t find where to verify my payment methods…

All the information you might need regarding verification can be found within your account dashboard at your chosen online casino. Search for your chosen payment method there, or else check your inbox if the operator offers such a service.

I can’t change my payment method on my account…

Your casino dashboard should be equipped with a panel dedicated to managing your payment methods. It allows you to switch your payment solution from there.

I can’t remove my credit card from my account…

Your casino dashboard should allow you to remove or add options from your payments list.

In-game deposits from my mobile are not working…

Don’t panic just yet! Don’t try to action multiple payments if the first one has not gone through. Ultimately more than one transaction might go through.

The best advice we can give is to wait! Sometimes the operator might be experiencing some issues. The best course of action is to contact customer support.

I requested a withdrawal to my card. Why are the funds still available in my balance?

In a situation like this, most likely the withdrawal hasn’t been actioned yet. On rare occasions, it might happen. You can either request the withdrawal again or reach out to customer support.

My latest deposit hasn’t been added to my account…

Sometimes deposits might take a few minutes to appear in your account, so being patient is key.

If 24 hours go by and the funds have not appeared in your account, we suggest you contact customer service to check if there is a timeline or if the payment has not been received.

We don’t suggest depositing again unless you are happy with two consecutive deposits.

I am unable to withdraw my winnings…

There can be various reasons why you cannot withdraw your winnings. The first of these are unfulfilled wagering requirements.

You can also check that the amount requested is within the minimum/maximum allowed by the casino.

It doesn’t hurt either to check out that your chosen payment method allows withdrawals to take place. If in doubt, always reach out to the customer care team.

I can’t cancel my withdrawal…

You can cancel a withdrawal as long as the casino has not already processed the transaction and send you the money. Once the money has been credited you cannot cancel a withdrawal, and you will have to place a new deposit.

I didn’t receive my winnings in full…

Casino bonuses come with terms and conditions attached. Depending on the rules, you might not be able to withdraw as much as you like.

It is always good practice to read the terms and conditions carefully before claiming a promotion. If your winnings had no connection to a bonus, it is best to contact customer care.

Did you know?

The Mega Fortune slot dispersed the biggest online casino win of £16 million. Media sources wrote that the lucky player had to get special dispensation to withdraw the full amount of the jackpot prize!

4 Simple Tips to Help you Decide on a Payment Method

Do you need more help choosing the right payment method from Canada? Here are 4 easy tips to help you make the right choice.

Security is paramount

When paying online, your first priority is to protect your sensitive financial data from potential hackers and other bad guys. Depositing with an online casino is no different.

Only use the safest options, ideally from our list of payment methods, and always play with licensed and regulated casinos.

Speed is a factor

While security should hold the number one priority, speed is paramount for players, particularly when they’re depositing and wish to jump right into the action.

Some payment methods are faster than others. Make sure to read our CanadaCasino guide to find out which ones process transactions the quickest.

Make it work for you

Any payment method you choose should be convenient in every aspect of your life.

Some might opt for credit cards instead of debit cards. Others might prefer the ease of e-wallets.

If prepaid cards are available where you live, they might be a good option to consider if you want to keep your personal information safe and minimize your digital footprint.

Take travelling into account

If you enjoy a game at your favourite casino even when you travel abroad, make sure that the payment method is always available.

How to place a deposit and withdraw your winnings

How to place a deposit

Click on your profile and choose ‘cashier’ from the drop-down menu

Choose ‘deposit’

Fill in your payment details and the amount you wish to deposit

Insert any promo code you wish to use

Click proceed

How to withdraw winnings

Click ‘cashier’ from the menu

Choose ‘withdraw’

Confirm the payment details (casinos often request that you use the same methods used for deposits)

Insert the mount you wish to take

Click ‘request’

The casino needs to process the request and might ask for verification documents. Furthermore, depending on the amount, you might need to pay taxes.

Did you know?

In 2019, the British public spent more money online than at any other time. It is estimated that £178 Billion was spent, breaking the record by 7% (Source).

Are you looking for the best casino games and the biggest bonuses on the market? CanadaCasino is looking out for you. We have tried and tested most casinos on the Canadian market so you have the choice of only the most trustworthy and fun places to bet your money. Keep up with our news and updates to make the most of your online casino experience!

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How to Make Withdrawals from your Casino Account

Chances are, you’ve probably had a go at an online gambling site in the past, won a little cash, and waited for ages to withdraw it. But, here’s the good news: there are different ways of withdrawing your winnings without having to wait so long. Online banking is an important factor to consider when you choose where to gamble online. You need to know which withdrawal methods you can use, how long it will take to cash out, and whether the withdrawals have a fee attached to them or not. Don’t worry, though, we’ve done all the legwork for you and everything you need to know is right here in our casino withdrawal guide.

How to Cash Out from Your Online Gambling Site

You can usually cash out in three easy steps:

To withdraw your winnings, log into your player account and from the lobby, click on Cashier where you would normally deposit your money.

Select the option to withdraw your funds and then choose your preferred deposit method.

Provide the casino with your personal or billing information, depending on what they ask for, and click “withdraw.”

Each of the online casinos that we rate and review do their best to make the withdrawal process as effortless as possible. You just need to follow their on-screen instructions.

Be Prepared for the Withdrawal Pending Period

The quickest route to unnecessary frustration when you are withdrawing your winnings from a Canadian online casino is failing to bear in mind that there are pending times connected to payouts. These are usually not very long, but the process is definitely not an instantaneous one. The operator will need time to process your request and how long this takes varies from casino to casino.

Don’t despair, though! Generally, the pending period is around 3 business days, and you can cancel your request if you change your mind before this time is up. If you cancel your request, you can continue playing with the funds in your account. If you don’t cancel the request, how long before your money shows up in your account will depend on the method you’ve chosen for the transaction.

Restrictions on Withdrawals

Another factor to bear in mind is that each casino will have a set of specific regulations you need to abide by when you withdraw. Read through the Terms & Conditions beforehand, but the most commonly found are:

Betting requirements not yet being meet when it comes to bonuses

Withdrawal amount limits being exceeded

Time constraints not being taken into account

Security checks not being processed

KYC details needing verification

The Top Withdrawal Options for Canadians

The Top Withdrawals Options For Canadians

Most online gambling sites have a broad range of withdrawal options. Typically, you can have the funds paid out using the deposit method you initially chose. However, not all deposit methods allow this, so you need to know what your options are.

E-Wallet Withdrawal Options

Today, some of the most popular payment methods are EcoCard, Skrill, Click2Pay, and PayPal. These e-wallets allow players to store money in your online account so that you can deposit and withdraw from your online casino account without any hassle. The e-wallets are safe, fast, and secure.

Typically, you should ensure that your e-wallet is linked to your checking account so that you can quickly transfer funds between your land-based account and your digital account which you can then tie to your casino account.

Withdrawing your winnings to an e-wallet account takes approximately three working days, and a few more days after that for the funds to reflect in your bank account.

Credit Card Withdrawal Options

There are plenty of online casinos that allow our Canucks to use their credit cards for withdrawals, and the entire process is easy. All you have to do is provide the card information you gave to deposit with and follow the site’s instructions. Your money usually appears in your account within a week and transactions are safe since most credit card companies use advanced security technologies to protect your money. It is worth noting that you cannot use MasterCard for online casino withdrawals, but Visa is widely accepted.

Wire Transfers Withdrawal Options

Canadians often use wire transfers for their online gambling withdrawals. You will need to trust your online casino to make this kind of money transfer, though, as you will need to provide your bank account details. Your winnings usually appear in your account within 10 working days. If the deposit option you used cannot be used to make withdrawals, wire transfers are a great option.

What You Need to Make a Withdrawal

In order to cash out, you will need to fill in the online casino’s withdrawal forms and provide all the information with the request, such as:

A scanned or faxed copy of recent utility bills

A driver’s license

Any other documents that show proof of your current address to verify your identity

While these identification policies may seem excessive, such precautions are put in place to guaranty safety. Once you have provided the information, you can cash out from the online casino when you need to.

Minimum Amounts, Bonuses, and Withdrawal Fees

The minimum amount the casino allows you to withdraw depends on their rules and the method of withdrawal. Some casinos only allow you to cash out lump sums whereas others are happy for you to take out just $10.

When it comes to bonuses, things get a little more complicated. Some players will see a 100% deposit bonus as a quick way to double their deposit, but it doesn’t work this way. Most bonuses come with play through and wagering requirements, so you will need to play a particular amount before you can turn your bonus into real money. Be sure to refer to the casino’s bonus terms and conditions.

Some online casinos do charge a fee for certain withdrawal options, but those fees are the same from casino to casino and you don’t need to worry about paying more to get your money sooner.

Tips for an Easy Cash Out

The quicker you can have access to your money, the better. The entire withdrawal process should be fast and effortless. Before you decide on a withdrawal method, make sure to find out how long that method takes.

Always choose the withdrawal methods that will not charge you anything extra for cashing out. There really is no point winning big and then having to hand over a chunk of your cash to your e-wallet or bank. The best withdrawal methods usually only have a minimal fee or are free, and those are the ones to go for!

Choose a method that only uses the best and most fiscal security measures to make sure your money is always safe.

Pick a method that works for your lifestyle. Maybe you want to keep your online gambling separate from your personal details, or you want something that doesn’t have a daily withdrawal limit.

If you get stuck and need help with the withdrawal options and process, the online casinos we rate and review have superb 24/7 customer support in several languages and you can use Live Chat, email, or telephone to access the help desk when you need them.

Are You Ready to Withdraw Your Online Gaming Winnings?

The past several months changed the way Canadians gamble. The coronavirus pandemic changed quite a lot about society in general, actually, and it may be some time before life as we knew it may resume.

When casinos and poker rooms, bingo halls and social clubs closed across Canada in mid-March to prevent the spread of Covid-19, many people needed to find a new form of entertainment, a new way to find those card game challenges and respites from everyday life. Quite a lot of them found those things in online gambling.

Now, as society begins its reopening process, some players are considering a return to their traditional forms of gambling. At this point, many clubs and casinos have yet to reopen – and very few offer games like poker and bingo – so it may be a very long process for some.

For those who are considering how and when to withdraw their winnings from internet poker and online casino sites, we have a few tips.

Don’t Rush

There is no need to rush the process of withdrawing funds from online gambling accounts. Visit your local casino or card club first – if it is even open and operational yet – to see if they will offer the games and stakes to which you’ve become accustomed.

The process of reopening casinos and halls could be a slow one. It might be best to leave some money in an online account and divide your time between live and online play.

Beware of a Second Wave

Covid-19’s path across the world has been somewhat unpredictable thus far. As countries begin to reopen, some of them are experiencing a resurgence of positive cases. Even if a country like Canada is extremely cautious and slow to reopen, some scientists still predict a second wave of Covid cases at the end of the summer months when the weather cools down.

If this happens, casinos and clubs could close again. It might be good to have some money in an online casino account to play without waiting to do a transfer.

Consider Withdrawal Fees

Most of Canada’s top online casinos offer a wide variety of withdrawal options, many of which are free. However, it is important to check those fees before requesting a withdrawal. If they are not listed clearly on the website, contact a customer service representative to inquire.

Some withdrawal methods, such as wire transfers, incur fees on the bank level, not imposed by the site itself. Also, pay attention to the minimum withdrawal methods, as trying to withdraw a higher amount may incur fees as well. Sites like Lucky Nugget are transparent about their limits and fees.

Decide the Value of a Speedy Withdrawal

Payment processing for withdrawals can take anywhere from two to ten business days, depending upon the chosen method. The fastest options tend to be ewallets like Skrill and Neteller, PayPal, EcoPayz, Trustly and iDebit. Ones that take the longest but are more direct into players’ bank accounts are wire transfers, and Visa credit cards can take up to a week as well.

Players who are Gold VIP members – a status obtained by frequent and/or high-level play – can usually halve the amount of time it takes to receive their deposits.

Keep in mind that players will find a much quicker withdrawal processing period by using the same method as when they deposited. On a site like 888casino, there are many that handle deposits and withdrawals. There will be less of a delay and no requirement that the player submit any new identification documents.

Wait for New Deals

This is an insider tip from a very experienced online casino player. As soon as you withdraw money from your online account, the site will begin trying to entice you to return. The operator will offer better promotions and more lucrative deals to deposit and play again. If you hold out for a few days – or even a week or so – the deals get better.

If you are a high-volume player on a site like Jackpot City, even at low stakes, you might be able to negotiate a better deal to return as well. It doesn’t hurt to contact a customer service representative.

Consider Tax Implications

Depending on where you live, the local, state, and federal governments might impose taxes on gambling winnings. With online casinos, governments have more difficulty following that money. Even so, it is smart to find out what amounts of gambling winnings may be taxed. Stagger your withdrawals and do so in amounts that will reduce any tax responsibilities.

Leave Something for Convenience

The best thing about online casinos and poker sites are the convenience; they are there 24 hours a day. By withdrawing most of one’s winnings but leaving a base amount in your account, you never have to wait to deposit funds. Access to online games is immediate and hassle-free.

Many online players leave their original deposit amount in an account, whether that was $25 or $100. It is something they can withdraw at a later date if necessary or use to play on a moment’s notice.

Reach Out to Customer Service if Needed

This is what customer service representatives do best. They are there to assist with processes like fund transfers and withdrawals. Sites like Captain Spins have a live chat available on the website at all times of the day or night, available without even logging in to your account.

Jennifer Newell has been writing about poker and gambling since 2004. From her days in the WPT offices to covering summers of WSOP tournament action, she also followed gambling legislation to Washington D.C. and women-only poker to the Bahamas. Meanwhile, she lived in Los Angeles and Las Vegas for many years before moving back to her hometown of St. Louis, Missouri. Now, Jen travels less, writing about poker and online gambling from her home with her two dogs watching her every move. In her spare time, she follows politics, works on her never-finished novels, and learns Italian in the hopes of retiring to Italy someday.

If you want to know more, you can follow Jen on Twitter @WriterJen

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How To Withdraw Winnings from Online Casino

When an online casino promises that players will land one win after another, they are not lying. Many players win at online casinos on a regular basis. The same can be said about losing, though.

You can either use your winnings to keep playing, or withdraw them from online casino. Withdrawing procedure is simple and does not require any special knowledge or skills.

Placing a withdrawal request

Any registered client has access to his personal cabinet. In his personal cabinet, a player can choose among withdrawal options to transfer money to his plastic card or e-wallet.

If you are withdrawing your winnings for the first time, prepare to wait for some time. Online casino for real money employees must check your submitted data.

Online casino may ask you to submit additional information, including a copy of your passport or other identification document. Be patient and understanding: online casinos are just following strict security requirements.

What payment system to choose

Sometimes, a player has no opportunity to choose or change his preferred payment system. At some online casinos, you need to withdraw money via the same payment system you used to make a deposit.

If there are no restrictions, you should choose the system which suits you the best. Online casino may charge a commission for using certain payment systems. You should clear up this issue in advance.

Nowadays, withdrawal procedure usually takes just a couple of days. You may even get your money within several hours. But if you withdraw your winnings to your credit card from abroad, prepare to wait longer.

Some of the convenient and widely used payment systems include Visa/MasterCard, PayPal, and Qiwi. These withdrawal methods area available at most online casinos.

If you are transferring money via bank wire, you will get your winnings in the same currency you use for your casino account. Online casinos do not make currency conversion transactions.

When to Withdraw Winnings?

To withdraw or not to withdraw, that is the question. Surely, you’ve asked yourself this exact question at least once in your online gambling career. Knowing when to withdraw your winnings from your casino account isn’t that easy at all, so today we’re going to give you a few pointers on what you should keep in mind and when the right time for withdrawing your funds would be.

Fund Withdrawal Takes Time

One of the first things you should bear in mind when considering withdrawing your funds at online casinos is the time it takes for the money to be processed. Unlike depositing, which is instant, your withdrawal request needs to be thoroughly checked and undergo certain security processes before it’s ready.

“Don’t forget it takes time for your withdrawal request to be fully processed; sometimes it’ll be 5 days before the money’s in your bank account!”

Once you’ve requested your withdrawal it can take up to 5 days for the money to reach your bank account. Don’t worry; it’s often significantly less – especially when it comes to e-wallets like Skrill and Neteller – but you should still keep this info in mind when using bank wire transfer.

Long story short: if you need cash pronto, tough luck – you’ll still need to do some waiting before it’s in your hands. A simple solution is to plan ahead.

Leave Funds for Future Depositing

Say, you have a significant sum in your casino account and you’re about to withdraw it. What you need to ask yourself is if you’re going to be needing more money going forward for online slots or other casino games or you’re done gambling for now.

If the answer’s yes, you do want to continue spinning the reels, then don’t withdraw the whole sum all at once. If you do it, you’ll just end up having to add more money soon in order to make your deposits and that’s just redundant going back and forth.

Plan Your Withdrawals Ahead

We’ve already mentioned this up there, but planning withdrawals ahead deserves its own space. The idea is really simple: all you need to do is to have a withdrawal plan and stick to it.

“Make a withdrawal plan, set a withdrawing day in the week and stick to the schedule.”

It can be a weekly plan or a monthly plan, but always know which days you’re going to be withdrawing your money (say on Sundays) and try to adhere to the schedule. What’s most important is to try not to go over your set amounts and you’re safe.

Clear Out Your Account When Transferring Casinos

Decided to switch casinos? Well, that surely means it is time to withdraw your winnings in total. Should you do it before or after you open up a new account, though? We suggest you clear out your current account prior to making a new one at another online or mobile casino and transferring your funds over. That means you haven’t gone over your set-aside money for gambling and you’ll be using the same funds going further.

Still, this strategy might result in a short time period of having no funds in either account. If you can brave through it, it’ll be all right sooner than you think! Naturally, you don’t have to stick this suggestion 100%. If you can’t imagine a single day in your life without turning the reels of your favourite online slots, then perhaps leave a really small amount in the old account – if only till the entire transition time is over.

Online Casino Winnings Withdrawal

With hundreds of available online casinos, the decision in which one to play might turn out to be a tough one. In order to manage to make the best possible choice and fully enjoy yourself, it is best to take into account all aspects of the respective online casino in advance. Undoubtedly, a very important part of your gambling experience online is to be able to withdraw your winnings safely whenever you wish.

Therefore, you need to consider beforehand the available payment options which you can use to cash out your winnings. When it comes to the whole withdrawing process, in most cases, it is very straightforward and it can be performed within a few minutes. While it is true that every online casino has a different policy towards withdrawing money, the actual process of cashing out your winnings is pretty much the same. Let’s have a look at what it takes to withdraw money from a casino account and what payment solutions you can use in order to do so.

How to Withdraw Winnings

In general, to request a withdrawal for your winnings is quite simple and easy to do. The actual process depends to a huge extent on the payment method and on the respective online casino. However, as already mentioned, there are several steps which are always included, regardless of the payment solution you will opt for. The first thing you need to do is to log into your profile and find the cashier’s section. You should be able to easily locate it since you have already visited it when you deposited money for the first time.

There you will be able to find the available deposit methods the particular online casino offers and usually, other useful information such as processing time and fees is also displayed. Then you need to choose which withdrawal option to use in order to cash out your winnings. If you wonder which withdrawal payment solution is the best, in general, it is recommended to stick to a payment method which you already trust and use. This way you will have the needed peace of mind that your sensitive information is in good hands.

After you have chosen a suitable payment method, the final step of this process is to fill out the relevant information such as financial or personal details. It should be noted that it strictly depends on the payment solution you have chosen. Some methods don’t require you to enter any financial data, whereas others do. Also, bear in mind that every payment solution offers different minimum and maximum limits when it comes to withdrawing money. The same applies for the processing time as it strictly depends on the policy of the payment service provider. As you can see, the whole process is quite easy and self-explanatory and you should be able to withdraw money trouble-free.

Most Popular Payment Methods for Withdrawing Money

When it comes to withdrawing money from an online casino, the most popular payment methods are pretty much the same as the top deposit options that are mainly used by UK players. While it is true that some payment solutions enable you to only either withdraw money or make deposits, some online casinos allow you to cash out your winnings only if you use the method with which you have made your last deposit. For instance, you cannot withdraw money via a credit or a debit card, let’s say Visa, if your last deposit was made by using Skrill which is an e-Wallet. This security measure was imposed to prevent potential money laundering or other dodgy activities.

Credit & Debit Cards

The most popular payment solution for withdrawing money is credit and debit cards. Since this type of payment method is one of the most widespread solutions on a global scale, it is no wonder that it was adapted by a number of online casinos. Practically, every online casino accepts this type of payment solution which makes it extremely convenient for players. However, when it comes to withdrawing money, not all types of cards are suitable for this request. It should be noted that some types of cards such as MasterCard deprive you entirely of this opportunity. This is the reason why it is best to double check this aspect beforehand so that you know whether you need to search for an alternative option.

When you opt for withdrawing your winnings by using a credit or a debit card, usually you are not required to pay any fee. It can take up to three working days for your funds to be transferred from your casino account to your bank account. In order to arrange a withdrawal, all you need to do is to fill out the needed information and request your winnings. Bear in mind that you will be required to provide your card number, name, billing address, expiration date and security code which is the reason why you should only play at fully-regulated online casinos.

Neteller

Neteller is an electronic wallet which you can use to request a withdrawal to be made in a number of online casinos. It is regarded as a leading payment solution as it is used by hundreds of UK players. The reason why it has gained popularity so much is that it offers various advantages. For instance, your transactions are not only transferred in a safe manner but also they are arranged almost instantly.

The average processing time for withdrawals is up to four hours which is one of the fastest ways to receive your winnings. Not many other payment options offer you the chance to cash out your winnings on the same day. Furthermore, whenever you request a withdrawal with Neteller, in most cases you won’t be charged additionally.

Skrill

Skrill is another popular e-Wallet which you might have previously bump into, however maybe under its former name – Moneybookers. The best advantage this payment method offers UK players is that there is no need to provide any financial details. In order to arrange a withdrawal, all you need to do is to fill out your email address in the respective section.

Furthermore, opening an account at Skrill is extremely easy and safe which is another reason why many players opt for this option. Whenever you wish to cash out your winnings by using this payment solution, in most cases no fee applies. After you have requested the amount you would like to withdraw, your funds will be transferred within 24 hours.

Bank Transfer

Bank transfer still remains among the most popular payment methods when it comes to withdrawing money from an online casino. Even though this payment option is somehow notorious for its long processing time, bear in mind that all of the requested transactions are arranged in a secure manner. If you opt for this payment solution, your funds will be directly transferred to your bank account. In some cases, you are required to cover some small fees during the process. If you don’t have an e-Wallet or a credit card, this solution is a good alternative.

Is there a limit for withdrawing money?

Yes, there is. Most online casinos have set a daily limit for withdrawing money which means that you are allowed to withdraw only a part of your winnings. The exact amount that you are permitted to collect depends on the online casino and the payment method of your choice. Bank Transfer is the payment method that offers the highest withdrawing limit which is the reason why it is used by a number of high rollers. Speaking of high rollers, it should be noted that in most cases, these types of players have higher withdrawal limits as they deposit more.

How long does it take to withdraw money from a casino account?

The processing time for withdrawing money depends on the payment method you have chosen to use as well as on the respective online casino. Some payment methods such as e-Wallets process withdrawal requests within 24 hours, whereas the processing time for others such as Bank Transfer ranges from two to ten banking days.

Are there any fees when withdrawing money?

Generally speaking, whether or not you will have to pay extra for withdrawing money depends on the payment method you are using and in some cases, on the online casino of your choice. Certain payment solutions charge fees when players make withdrawal requests. Therefore, it is always a good idea to check this aspect beforehand in order to make sure that any additional charges won’t apply. Most of the popular payment methods such as Visa, Paysafecard, Bank Transfer, Neteller, Skrill and others process money without any extra fees.

Is it possible to use the same payment method for both making deposits and withdrawing money?

Yes, it is. However, not all payment methods give you this opportunity as some of them limit you to only one of the two options. This is the reason why it is highly advisable to check in advance whether the payment solution you have chosen is suitable for both depositing and withdrawing money. Otherwise, you might find yourself in a situation in which you have to find an alternative way to get your winnings which can be very inconvenient. For instance, you cannot use MasterCard to cash out your winnings as these types of cards simply don’t offer you this option.

Is it possible to check your previous withdrawals?

Yes, it is. Usually, you are able to check your payment history, including all of the deposits and withdrawals you have recently made. Most online casinos also give you the chance to see detailed information about your previous transactions, regardless of their date and time. This way, you can keep track of your cash flow much easier and manage your spendings better. Being able to control your funds is an absolute must if you want to retain your winnings and prolong your gambling sessions.

Deposit and withdrawal

Different casinos provide various methods of deposit and withdrawal of money to your account in an online casino. Here we will look at some of the methods that exist at the moment. Also, many casinos offer to add to your first deposit some amount in the form of a bonus. We want to pay your special attention to bonus programs. In order to avoid misunderstandings, remember, you need to win back all the bonuses you receive from the online casino. For more details, you can read our article Bonuses in Online Casinos.

Therefore, before making a deposit if you do not want to receive bonuses, simply refuse them by contacting online casino support. In order to make a deposit to your account, you need to enter the "Cashier" in the casino, then go to the "Deposit" section. Choose in this section the method by which you want to make a deposit and enter the desired amount. Each casino has a minimum deposit amount. Most often, it is $20. After a successful transaction, the deposit is going to be immediately added to your casino account.

There are slightly fewer methods of withdrawing money from the casino than the methods of making the deposit. Casinos perform transactions not immediately but after some time. In casino terms, the period during which the transactions are to be performed is specified. It usually varies from 3 to 7 working days. Usually, the casino sets a minimum amount that can be withdrawn in one way or another. Most often, it is impossible to withdraw less than $20.

Reviews payment methods

Online Casino with Wire Transfer

Wire Transfer is a way to send and receive funds. It is used by lots of people in many countries. It is very popular for online gambling purposes. It’s a.

Online Casino with Paysafecard

The list of alternative payment platforms is expansive, but one that many gambling locations have available is through the Paysafecard. Paysafecard casinos are scattered across the Internet, and they are.

Online Casino with ecoPayz

ecoPayz - Formed in the UK, the company has built an international presence as a viable option for many players. It’s been marked as an established member of MasterCard and.

Online Casino with Zimpler

Whether you are from Sweden, Finland, or Germany, one of the best payment alternatives to consider is Zimpler. It’s one of the essential options for anyone who is into playing.

Online Casino with iDEAL

iDEAL - When this company took off in 2005, this payment platform wanted to be unlike so many other e-wallets or credit cards. It was ambitious, but over time, this.

Online Casino with Trustly

Created in 2008, Trustly is one of many online payment systems that allow instant withdrawals and deposits. All in the name of saving you time to get into various games.

Online Casino with Bitcoin

2009 brought forth so many different things. But one of the biggest out there was the creation of Bitcoin. At the time, it was brushed off as some weird trend.

Online Casino with Inpay

Inpay - Out of the many methods to deposit money into a casino, it’s hard to argue about what is the safest method out there. You’ve got cryptocurrencies and their.

Online Casino with CoinsPaid

CoinsPaid - What once was a payment service that went unnoticed has now become one of the top industry leaders. It was mostly due to business mergers, but the company.

Online Casino with Accentpay

In a market that is full of payment systems for casinos, one that has caught our attention is the company Accentpay. Positioning itself as an aggregator of payment solutions, it’s.

Online Casino with Interac

Online gambling service providers operate through the transfer of money every day and it all comes down to searching for the best service available. Right now, Interac is one of.

Vanilla Visa and MasterCard Casinos

Vanilla Cards - People love to use fast, easy & simple ways of payments. These are bankcards & of the greatest spread in the world are ones issued by MasterCard.

Online Casino with INSTADEBIT

As it is seen from its name, INSTADEBIT system is destined to make instant transactions. It is popular amongst Canadians and operates within the borders of this country only. You.

Online Casino with Entropay

Entropay is one of the systems for money transfers and payments available and popular in Canada. They differ from the web wallets like PayPal or WebMoney significantly: Entropay is issuing.

Online Casino with iDebit

iDebit - Whereas there is no PayPal available in Canada (for legal issues, just like in some other countries of the world), the rise of alternative money transfer and payment.

Online Casino with PayPal

PayPal (Online Casinos that Accept PayPal) is considered by experts to be the greatest digital debit system. It was founded in 1998.The founders made the system directed to the eBay.

Online Casino with Neteller

Neteller is an electronic system of payment, which operates worldwide. It was founded in 1999. Today it works in more than 200 world countries, where the transactions in 22 world.

Online Casino with Skrill

Skrill is a payment system, which is known as Moneybookers brand. It has become popular all over the world as one of the most comfortable and reliable systems. The number.

Online Casino with MasterCard

MasterCard was foundead in 1996. Today it is considered to be the most popular and reliable payment system. All the banks in the world use MasterCard services. Besides, MasterCard is.

Online Casino with Visa

VISA credit cards are the most popular bank cards in the world. They are applied to make purchases both in real life and online. The user does not need any.

To withdraw money from the account, it is necessary to enter the "Cashier", "Bank", the section "Withdraw", "Cash-out" and select the desired method. Remember one thing: before you withdraw your winnings in any way, you should at least once make a deposit using the same method. For example, you made a deposit in the casino using your credit card, and you want to withdraw the winnings in another way, you will be allowed to withdraw money only to your card with which you made a deposit. This applies to all withdrawal methods except checks and bank transfers.

Additional documents for withdrawing a prize from a casino.

For protection from scammers, the casino often uses such a thing as checking documents. Instead of receiving money, you can receive an e-mail, in which representatives of the casino or the company carrying out transactions, ask you to send some documents proving your identity.

A standard set of documents consists of:

Passport or a driver's license (Pictured ID) – an identity document (the page where you have your photo and name),

Account statements on the Credit Card Statement (must contain your name, card number, sometimes also require a transaction with this casino to be displayed),

Utility bill (with address and surname),

Some casinos send out a document that must be printed, filled, scanned and sent back (Application Form, Fax Back Form).

These documents can be sent by fax or scan and by e-mail.

Just note that different casinos behave differently, sometimes do not require documents at all, and sometimes do once or from time to time. Nevertheless, if you do not send them these documents, your money will simply be returned to your casino account and then you will need to repeat the withdrawal process but already providing all the required documents.

Next, we are going to describe some popular payment systems, as well as a credit or debit cards, which also are supported by the online casinos.

You have to register the chosen card in the casino account so you could make your first deposit. Like the registration of a player, the registration of the card visually differs in different casinos, but the essence is the same. Registration of the card is usually to be made in the casino section: "Cashier", "Deposit", "Bank".

You must enter the number, its expiry date and the name of the holder in separate forms. To improve the security of the transaction, some casinos also require the introduction of a special "CVV2" code. This is the last three digits on the back of your card, usually under a magnetic stripe. The address to be taken is usually the one specified by your registration, although sometimes you may be asked to enter it.

A few words about security. There is a theoretical possibility of unauthorized access to your card account, but in practice, there have been no such cases. If you are still afraid, try not to keep large sums on the card, use a separate card for the game or use the services of intermediaries such as "Skrill" or "PayPal".

If you for some reason did not receive the deposit from the credit card, contact the support service, it is possible that transactions from your country were blocked. Fortunately, often the block can be removed just by sending documents.

It is one of the variants of the electronic wallet. It is accepted in almost all countries, money can be transferred by credit card or from an existing participant. The withdrawal of money can be made by check or bank transfer if you use the opportunity to do it with the help of the credit card. Money transfer within the system costs 1% (maximum $0.5). It is advisable to verify your account, for which you need to send a copy of your passport and a credit card. Many casinos pay out winnings on Skrill (moneybookers).

Usually, when you deposit, the Skrill (moneybookers) window opens. There you can quickly log in and transfer money that will instantly appear on the casino account. You can also simply transfer money to the specified address (Skrill uses an e-mail address as the Name/ID). Withdrawal of money does not require any action whatsoever. You indicate that you want to withdraw money, and after the casino processes the transaction, the money will be in your account. The withdrawal time takes about 7 days.

It is another electronic wallet. Unfortunately, there are very limited ways to enter money into your EcoPayz account. The most optimal one is a transfer from another member of the system because it is free and no commission for transfers is taken.

Money cannot be transferred from a credit card, only bank transfer and the Western Union, which are very expensive, are available but there is a possibility to make an internal transfer. The withdrawal of money is possible by using the check or by bank transfer (for $10). As with any other electronic purses, the transfer/deposit is to be made instantly.

Neteller is a virtual debit card. It has more opportunities for withdrawing winnings. It also accepts VISA cards.

The downside is that for the transfer of money from the card to the Neteller account, a

3.9% commission is to be charged.

If you have a checkbook, then you can write a cheque, put it in an envelope and send it to a casino address and you will receive money on your account in 2-4 weeks. In general, the way is clearly inappropriate. The withdrawal of money takes about 30 days; you will receive a check in the envelope by mail. The bank checks it for another 30 days and only after that will cash your money minus bank charges.

You are able to put money from your any type personal account (for example, from your credit card) to an account in the casino. Information concerning your account is located on the casino's website. You can find out information about your account in the bank. Banks usually take 12…24 dollars for a transfer, and the transfer needs a few days to get finished. Not a very good solution for a deposit in the casino!

Let's sum up a little. The most profitable method, in our opinion, is the payment system Skrill. Low tariff for transfers, high speed of processing of money transfer. Although someone may like to use a credit or debit card or another method – the choice is yours.

"> Which online casino has the best payouts?

There are many things that make online casinos different from others. Payouts isn’t one of them. You’ll find all of them to be standard and respective to their size.

"> Do online casinos pay real money?

Yes, because if they issued fake money that would be called fraud and would be very bad.

"> Which casino has the highest payout?

It boils down to the games that they offer to players. Considering each game is made carefully and is pretty standard, you won’t find much of a difference between a smaller casino and a larger one.

"> Is there an online casino that offers you a no deposit bonus and lets you keep what you win within Canada?

Yes. That bonus does exist within casinos situated in Canada. You can visit any of them and you’ll find one eventually like that.

"> Is there a long waiting time at a casino when you request a withdrawal?

That depends solely on the method that you are using in the first place. Sometimes it can be instant and other methods can take several business days.

"> What casino accepts eCheck as payment?

It’s hard to list them all here but one way to check is to look at what options a casino in particular offers to their users.

So, let's define, what was the most valuable conclusion of this review: We explain all you need to know about withdrawing your bonuses and real money winnings from an online casino, including ID requirements and withdrawal limits. at 8 Things to Consider when Withdrawing Online Winnings in Canada