Online Casino Withdrawal - What you need to know

Online casinos have conquered the gambling market. In the last 20 years, the Gambling world has changed enormously since more and more gambling providers have found their way onto the Internet. This applies not only to online casinos, but also to lottery and sports betting providers.

This is due to the great advantages offered by the Internet. In a Online casino players can enjoy gambling around the clock. In addition, mobile apps can ensure that boredom does not arise even when on the move. Another big advantage is that the payout ratios in online casinos are significantly higher than in standard casinos. In addition, new customers in online casinos usually receive an excellent bonus.

In addition, promotions, bonus programmes and loyalty points are regularly awarded. The aim is of course to make a profit, which is paid out at the end. To do this, customers must deposit money into a gaming account and play games of chance. If a prize is won, this can be paid out. The following text explains how payouts are processed in an online casino and what customers need to pay attention to when making a payout.

How can money be paid out?

After the customer has won money, which is now in the gaming account, it can be paid out. Most providers offer various payment options for this. An important rule at many online casinos is that only the method that was used to make a deposit can be selected. For this reason, customers must already consider how they want to withdraw their money when making a deposit.

However, this is not possible with all payment methods, as no payout is possible with Paysafecard, for example. In this particular case, players can fall back on another payment option. This is handled differently at most online casinos.

These customers often have to choose a bank transfer or can select a desired provider themselves. Withdrawals can usually be made by bank transfer. However, bank transfer is the slowest method and can take up to five working days.

The credit card is faster, but fees are often charged for this withdrawal method. Electronic wallets are currently the best option, as they not only make the money available quickly, but are also usually free of charge.

The most popular electronic wallets include Neteller, Skrill and PayPal. The latter method is particularly popular as it offers buyer protection. However, your identity must be verified before a payout can be made.

What do customers need to bear in mind when making their first withdrawal?

If the customer has never had money paid out before, then an identity check must first be carried out. This is only mandatory for the first payout and can even be done beforehand so that this process does not have to be carried out immediately before the payout. The provider requires two documents for the identity check. These are a copy of the identity card and a consumer statement. However, many online casinos are content with the copy of an identity document, as this is completely sufficient in most cases. This copy must be sent to the customer service by e-mail. This can take a few days at some online casinos, as an employee has to confirm the identity.

The consumer statement is mostly required for address verification. However, this is only required in a few online casinos. Once the identity is verified and the online casino gives a green sign, the money can be released for withdrawal. Depending on the payment option, the money arrives sooner or later on the customer's current account.

What do customers have to look out for in bonus money?

Most online casinos offer a new customer bonus. In addition, there are usually loyalty point programmes and other bonus programmes as well as promotions that provide bonus money. However, this money cannot simply be paid out, as every bonus balance usually has bonus conditions. Some bonuses have no conditions, but these are usually only very small amounts of money or free spins.

Before a bonus can be paid out, the bonus conditions must be read in the General Terms and Conditions. The listed conditions must be fulfilled one-to-one within the specified time frame. Only in this specific case can the money be released for payout.

Therefore, it is often not the amount of the bonus that is decisive, but the bonus conditions. If the player cannot fulfil the bonus conditions, the bonus is not worthwhile. If the bonus conditions are fulfilled, the bonus can be paid out without any problems. This works exactly like a normal payout.

What bonus conditions do I have to observe?

Bonus in €	Terms of payment	Minimum age +18	Terms of turnover
Bonus in %	T&C's of the casino	Licensing	Duration

Our conclusion

Before a payout can be requested, an identity check must first be carried out. This can take a few days and should ideally be done in advance. As a rule, customers must select the payment method that was also used for the deposit.

This is not possible with all payment methods, as a payout can usually be made with Paysafecard.

Money earned via bonus offers must first be activated via the bonus conditions, otherwise a payout is not possible. Various payment options are available for withdrawals.

The traditional payment options of bank transfer and credit card can usually always be used. The new electronic wallets work better and faster. Most online casinos offer Skrill, Neteller and PayPal as electronic wallets.