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, requesting a withdrawal of your winnings is quite simple. The actual process depends, to a huge extent, on the payment method and the respective online casino. However, several steps are always included, regardless of what payment solution you opt for. The first thing you need to do is log into your account and find the cashier 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 payment methods the particular online casino offers. Other useful information, such as processing times and fees, is usually also displayed. Then you need to choose the withdrawal option you want to use to cash out your winnings. If you wonder which withdrawal solution is the best, we recommend you stick to a payment method that you already trust and use. This will give you the peace of mind that your sensitive information is in good hands.

After you have chosen your desired withdrawal method, the final step in the process is filling in the relevant information, such as your banking details and the amount you are looking to cash out. Some methods do not require you to enter any financial data, whereas others do. It should be noted that the withdrawal limits typically depend on the payment solution you have chosen. Each online casino imposes different minimums and maximums on withdrawals so bear that in mind.

The same applies to the processing time, which also depends on your chosen payment method and may vary based on which casino you play at. As you can see, the whole process is quite easy and self-explanatory and you should be able to withdraw your money without experiencing any issues.

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, most online casinos require players to cash out their winnings using the same method they initially deposited with. For instance, you cannot withdraw money via a debit card, let’s say Visa, if your last deposit was made with the Skrill e-wallet. This security measure was adopted to prevent potential money laundering and other dodgy activities.

Debit Cards

Using a debit card is one of the most popular ways to withdraw from your online casino balance. Since this type of payment method is one of the most widespread solutions on a global scale, it is no wonder that most online casinos have adopted it. Practically, every gambling operator accepts debit cards which makes them extremely convenient for players. Keep in mind that only debit and prepaid cards are accepted at UK-licensed online casinos. In April 2020, the UK Gambling Commission (UKGC) prohibited the use of credit cards for betting purposes in an attempt to curb problem gambling and prevent local players from overspending.

When you opt for withdrawing your winnings with a debit card, usually you are not required to pay any fee. It can take up to 3 working days for your funds to be transferred from your casino balance to your bank account but only on condition you have already verified your age and identity by sending the requested documents. We have covered the verification process in further detail here.

In order to arrange a withdrawal, all you need to do is fill in the required 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 why you should only play at fully-regulated online casinos.

Neteller

Neteller is a digital wallet you can use to request a withdrawal at many UK-friendly online casinos. It is regarded as a leading payment solution and is used by hundreds of British players. Its immense popularity can be attributed to the numerous advantages it offers. Transactions with Neteller are processed safely and deposits take place in real time.

Neteller also facilitates fast withdrawals as the funds reach your e-wallet account almost instantly after the online casino releases them from your balance. Not many other payment options offer you the chance to cash out your winnings on the same day. Furthermore, you will not incur any additional charges whenever you request a withdrawal with Neteller, at least in most cases.

Let us caution you that the method requires registration. After you set up a Neteller account, you must top up your digital wallet by connecting it to your debit card or bank account. Linking your wallet to a credit card is not an option if you intend to use it for gambling transactions. The UKGC prohibits casino operators from processing payments to and from e-wallets funded through credit cards. Verifying your newly created Neteller account is a necessary step if you want to lift the transaction-limit restrictions imposed on unverified users.

Skrill

Formerly known as Moneybookers, Skrill is another popular e-wallet akin to Neteller. The biggest advantage this payment method offers to UK players is that it enables them to retain their anonymity and transact without revealing their sensitive financial details. The only information you must provide when initiating a withdrawal is your Skrill password and the email you have registered your e-wallet account with.

Opening an account with Skrill is extremely easy and safe, which is yet another reason why so many players opt for this method. No additional charges are in place when you cash out your winnings with Skrill, at least at most online casinos. After you have requested the amount you would like to withdraw, your funds will be transferred within 24 hours.

Bank Transfer

Bank transfers remain among the most popular payment methods when it comes to withdrawing money from an online casino. While this payment solution is notorious for its long processing timeframes, all transactions are handled safely as banks adopt rigid security measures to protect their customers. This method is a great alternative for players who do not have debit cards and digital wallets or are simply reluctant to use them for gambling transactions.

It is a widespread practice among gambling sites to return payments via bank transfer whenever a customer’s chosen deposit method does not support withdrawals. Some online casinos impose nominal processing fees on bank transfer withdrawals but the charges are clearly specified in the cashier section for players to review beforehand.

The maximum limits on bank transfer withdrawals are typically higher compared to those imposed on other payment solutions, which renders them ideal for high rollers and large-scale players. Bank transfer withdrawals normally clear within several business days, depending on the casino and the player’s bank processing times.

PayPal

Millions of people trust PayPal for their day-to-day transactions and online casino players from the UK are no exception. This virtual wallet is widely accepted by UKGC-licensed gambling sites and supports both deposits and withdrawals. Setting up an account is completely free with PayPal and so is sending and receiving money to and from online casinos. The registration process is a breeze but new users must undergo verification to benefit from higher transaction limits and other perks.

Players can get verified by confirming their bank accounts or the debit cards they have connected to their PayPal accounts. If you have initiated your first casino deposit with this method, you will subsequently have your withdrawals processed to the same PayPal account. Minimum withdrawals with this virtual wallet normally start at £10 but the ceiling is casino-specific.

The money is typically credited to players’ PayPal balance within 24 hours after they have sent the withdrawal requests. However, the precise timeframes again vary based on where you play. Security is nothing to worry about. All transactions conducted with this wallet are monitored around the clock to prevent fraudulent activities.

PayPal allows you to transact as you go via highly intuitive apps compatible with Android and iOS devices. Mobile users can further enhance their level of protection with biometric authentication. The feature enables them to sign in to their PayPal accounts by using their fingerprints.

Apple Pay

Apple Pay is a mobile wallet built into compatible Apple devices like the iPhone, iPad, Apple Watch, and Mac. The wallet is available on iOS devices that support biometric authentication like Touch ID and Face ID. It is accepted by a growing number of gambling operators and all you have to do to use it is add a debit or prepaid card from a supported card issuer to your Apple Pay wallet. Major card providers like Mastercard, Visa, Diners Club International, and American Express all support contactless payments via this mobile wallet.

Before you choose Apple Pay as your preferred casino payment solution, you must make sure your chosen casino supports it both for deposits and withdrawals. Some gambling operators return the withdrawals of players who have deposited with Apple Pay via bank wire transfers. Other than that, withdrawing money to your Apple Pay wallet is easy peasy and involves several simple steps.

You must select the method, enter the amount you wish to withdraw, and confirm the type of card connected to the Apple Pay wallet. Entering the last four digits of the card’s number is also necessary in some cases (e.g. Mastercard 2458). Then you submit the request and wait for the online casino to approve it. Withdrawals with Apple Pay typically require up to 3 business days to reach players. The process may take longer if you have initiated the request during the weekend or on bank holidays.

MuchBetter

MuchBetter poses as a reliable, convenient, and secure way to manage your gambling transactions while on the move. This digital wallet facilitates hassle-free casino deposits and equally quick withdrawals directly from one’s portable device. Players who decide to give it a go must install the MuchBetter app on their smartphones, then set up accounts, and deposit money into their e-wallet balance. Topping up your MuchBetter balance is possible via standard bank transfers, debit cards, or cryptocurrency.

The withdrawal process is even more straightforward with MuchBetter. Once you select the method from the cashier and initiate the withdrawal request, the online casino will prompt you to sign in to your e-wallet account and confirm the amount you want to cash out. You must then launch the MuchBetter application on your mobile device and confirm the withdrawal request. The requested amount is credited to the MuchBetter balance almost immediately after the gambling operator approves the payment. Players can conveniently review the status of their withdrawal requests by logging in to their gaming accounts.

Top-notch security is easily one of the biggest advantages of using MuchBetter for gambling-related transactions. All data you share is encrypted in transit but you can further enhance your protection by enabling biometric authentication (Touch ID) on your MuchBetter app.

ecoPayz

Available since 2000, ecoPayz services customers from over 150 countries, including Great Britain, Ireland, New Zealand, and Australia. The platform went under the name EcoCard when it first launched but eventually rebranded as ecoPayz in 2013. The method works similarly to other major digital wallets on the market, requiring users to sign up and fund their ecoAccounts. Multiple top-up options are supported, including debit cards, online bank transfers, mobile phone billing, and vouchers. Users can also pop up at their local bank if they prefer and fund their virtual wallets over the counter.

From there, online casino players can deposit money directly from their ecoPayz balance without disclosing any sensitive banking information in the process. Transactions are possible in reverse, meaning that the method is also suitable for withdrawing your winnings from your online casino account. The process of cashing out is pretty much the same as with other digital wallets.

Players must select ecoPayz from the list of available options in the cashier, enter the amount they want to withdraw, and submit the withdrawal request. Minimum withdrawals with ecoPayz normally start at £10 but the ceiling will vary from one gambling operator to another. Cashouts with this method are, by and large, very quick as most casinos process the payments within a 24-hour timeframe.

Once the money reaches their ecoPayz balance, players can use it for further casino deposits or transfer it to their bank accounts. Depending on your e-wallet account status, you may be eligible for applying for a contactless ecoPayz Mastercard. The latter is available in eight currencies, including GBP, EUR, USD, and SEK.

Trustly

Launched in 2008, Trustly is a third-party online banking processor that handles over 9 million transactions each month. It is accepted as a payment method by more than 8,100 merchants on a global scale, including many online casinos licensed to operate on the UK market. The beauty of this payment solution lies in the high levels of convenience and flexibility it offers to users. Trustly basically serves as a bridge between online casino players and their banks.

It allows them to process payments to and from their casino balance directly from their online banking accounts. Subscribing to the online banking services of a supported bank is obviously a prerequisite to use Trustly. The good news is the Trustly system is connected to more than 6,300 banking institutions worldwide, including 80 or so banks across the UK.

Initiating a withdrawal with Trustly is a breeze provided that you have already used the method when depositing. The casino’s cashier system will prompt you to select a supported financial institution and will transfer you to your bank’s online banking page. You must then sign into your online banking account with your existing login credentials, confirm the withdrawal request, and wait for the funds to arrive. It usually takes no more than 2 or 3 business days for the money to hit your online banking balance.

MiFinity

On the market since 2002, MiFinity is a long-established e-wallet service provider that facilitates efficient, timely, and cost-effective transactions for businesses and consumers alike. Headquartered in Belfast, the company behind this highly flexible payment platform is regulated by the UK Financial Conduct Authority (FCA) and the Malta Financial Services Authority (MFSA). The e-wallet supports money transfers in more than a dozen currencies, GBP included.

MiFinity serves as a buffer between players’ sensitive information and their gambling sites of choice. It does not require users to share their bank account or card details when initiating transactions. Setting up an account is a prerequisite for depositing and withdrawing with MiFinity. Signing up is as easy as falling off a log and so is funding your MiFinity account. Players based in the UK and the EEA can request virtual MiFinity IBANs that will allow them to credit their e-wallet balance at no extra cost directly from their bank accounts.

Unlike deposits, withdrawals with MiFinity are not instantaneous but are still considerably faster compared to some other methods. Withdrawal processing timeframes typically range from 24 to 48 hours at most online casinos and the funds will reach you shortly after approval. Once the money hits your MiFinity balance, you can conveniently transfer it back to your debit card or bank account if you wish.

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