If you wish to play online casino games for real money, you will be required to register a casino account and deposit funds. Logically, you will want to cash out some of the potential winnings and that is where the banking policies of the casino itself come into play.
There are a few things that you should know about the policies in this section and that is exactly what we are going to talk about here.
Each Payment Method Has a Different Withdrawal Time
Depending on the online casino, you will have several options to deposit and withdraw funds. The most commonly accepted payment methods at online casinos are:
- Credit and debit cards
- Skrill
- Neteller
- Paysafecard
- Cryptocurrencies
- Neosurf
- PayPal
Now, in most cases, deposits are instant, but the case is not the same for withdrawals. Withdrawals come with a certain processing period, which depends on the payment method. For example, crypto withdrawals are usually instant, but if you wish to withdraw money with credit and debit cards, you will have to wait around 3 business days.
Some Payment Methods Are Ineligible for Bonuses and Promotions
Depending on the casino’s terms and conditions related to the bonuses and promotions, you might be hit with restrictions as to which payment methods can be used to claim a bonus. In most cases, if there are restrictions in this field, Skrill and Neteller are the options that are commonly considered ineligible.
So, make sure that you read the T&Cs of a bonus before choosing your payment method to deposit funds and claim the promotion.
Fees May be Applied
Finally, both deposits and withdrawals may be subject to fees. Now, the casino might charge fees on rare occasions, but these transactions may be subject to external fees that are out of the casino’s control. Hence, make sure you read the specifics regarding your chosen method.
