So, let’s have a look at withdrawals now. We established the best and fastest method to get a withdrawal: an ewallet, like Neteller. But how do withdrawals actually work? What do you have to expect?
First of all, in most online casinos, there is a ‘pending period’ before your request gets processed, which usually is at 48 hours or two business days. This gives you the chance to change your mind and request a reverse withdrawal if you wish, so you can go on with playing. The other and more important reason for the pending period is the settlement of payments. With most credit cards, all payments initially are in a ‘pending’ state on your credit card statement and don’t reach the casino up until 3 days after you made your deposit (this is the same with any other credit card payment by the way). So the primary reason for online casinos to hold your withdrawals in a queue is their own (and also your) safety. Depending on the deposit method, the period can even be extended to up to a week because this is how long it takes for the funds to clear. It makes sure all funds have really been received and potential fraud can be identified and stopped at this stage.
After this, another security measure might come up: Online Casinos may ask you to prove your identity. Some Casinos always request this at your first withdrawal, but with others you might notice that this only happens to you at your 5th, 10th or even 50th withdrawal requested. The reason again is simple: The Casino wants to make sure the money really reaches the person that played (and more importantly!) paid in the first place. And this can be in your favour, too. Imagine someone steals your credit card and uses it to play at an online casino, then requests a withdrawal to a different account? This security measure will stop the thief on the spot and make sure it all gets done fairly.
Once you have been through this and are a rightful player who doesn’t try to scam online casinos (yes, it can actually be the other way around) there is nothing in the way between you and your withdrawal and it will usually reach you within 1-2 business days (provided you use a Neteller or other eWallet account!). Once you are verified withdrawals can be processed faster in the future, and you might even find yourself having an own VIP host looking after you as a special and valued player to the casino!