The most important issue for every gambler is represented by the modality of withdrawing his winnings. Normally, online casinos are not supported by major banks and credit cards. So, it takes a 3rd party payment processor in case you want to play and withdraw your winnings afterwards. We can mention a few of them: Neteller, MoneyBookers, Entropay, etc.
In order to prevent any illegal transactions of money (like money laundering), these processors do not allow any cash outs more substantial than what has been deposited with them. So, supposing we deposit $50,000 into Entropay. Thus, if we win $80,000 from a certain online casino of our choice, these winnings must be first of all withdrawn back to the funding source, which is Entropay in our case. It’sEntropay we can credit our bank account from with a maximum of $50,000, leaving $30,000 in Entropay. This sum of $30,000 can be used for other online casino games or for online shopping. This is possible because a virtual visa can be created giving you the opportunity to pay for any bills you have: phone bills, electricity bills, car loan, as long as the merchant accepts Visa or Mastercard.
There are many ways to make a withdrawal from your online casino account. Some of the online deposit service providers offer withdrawal services as well. Some other withdrawal methods available do not require signing up with any of these providers at all. More than that, NETeller also enables you to withdraw money from your account besides allowing you to deposit it into your online casino account. NETeller offers you a series of options in case you want to withdraw funds from your online casino account such as: Checks, Credit Cards, Fed Ex Check, Electronic Fund Transfer or FCash. The procedure you have to follow is extremely simple. You are supposed to simply run your online casino software and click on the Cashier/Banking button. After having done that, you have to enter the amount you want to withdraw (in case you have won), your NETeller account ID, and your NETeller security ID.
On the other hand, there are several other options for cashing out your money from an online casino that do not imply any online service provider. You can always use your credit/debt card, without having the obligation of signing up to an online service provider, such as NETeller. If choosing this option, you will have to enter your credit card details every time you are about to make a withdrawal. The procedure for cashing out through the agency of credit/debt card is pretty similar to the one presented in the case of NETeller system. The only difference is represented by the fact that instead of entering your NETeller account ID and NETeller security ID, you enter your credit card details. It is important to know that most online casinos will not allow you to withdraw back to your credit card an amount that exceeds the sum that you have already deposited into your online casino account.
Cashing out your winnings is an easy thing to do. The great majority of sites will credit your NETeller or Firepay account within no more than two days. It happens rarely to last longer than that. So, all you have to do is to make your deposit, play for a while and as soon as you have gained enough money (after a week, for instance), cash out some as it is supposed to be in your account within only two days. Afterwards, it will take another two or three days to transfer your money from NETeller/Fireplay to your bank account. It really works and, at the same time, it costs nothing. It is important to learn the basic ways of cashing out the winnings before playing at an online poker room/online casino. This is why you should make serious researches before playing at a poker room. You are supposed to establish how much money players have won at their poker games. You also have to find out the procedure for paying out winnings as well as all the charges applied to each method of payment.
It is extremely important to know how long it takes before you receive your winnings. Once you have discovered all these procedures and details you have to decide if they suit your expectations. It is recommended that you should look for sites that offer features such as confirmation of the requested transaction (verifying every little detail of the request like dates and sums for instance). Withdrawing money from the Internet card rooms is not a problem, but you should pay attention to some common cash out rules. You have to be aware of the fact that you may be restricted from cashing out for 48-72 hours since your last deposit or funds transfer. The reason for this restriction is represented by the fact that the online poker site may have certain expenses associated with your deposit.
They also might not want players to deposit and cash out continuously. You should keep in mind that there are certain sites requiring all the cash outs to be credited back to their original deposit method first before a check can be cut. For instance, let’s suppose you have initially deposited $500 with your credit card and you want to withdraw $1,000. If we take the above mentioned example into consideration, we must not ignore the situation developed from a certain possibility consisting in the fact the site may require that you accept a $500 credit to you card and a $500 check.
In case you have made several deposits over time, the site may require fulfilling credits on all of these before they honor any other method of withdrawal. Irrespective of their withdrawal procedures, if you play at a major and reputable site, you should not have any problems when it comes to get your money. If you want to eliminate every possible restriction, there are basically two ways you have to follow. The first is represented by the fact you are supposed to make your initial deposit through a funds transfer from another player. In case you deposit funds this way, all cash out options should be available to you.
The second thing refers to the fact that you should keep a large enough bankroll online, in order to be able to avoid making deposits in the first place. If you do this way, then your initial deposit will be credited back, but all your further withdrawals will be open to the method you will choose. There is no doubt that you need to be a winning player if you want this method to work. More than that, you need to be able to leave a substantial bankroll in your account all the time.