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- Online sweepstakes casinos and sweepstakes poker offer an alternative for people not located near a regulated casino or poker room. These innovative sites have adapted old sweepstakes laws to provide a legal option for recreational gamblers to play for free with a virtual currency called “Gold Coins.”.
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How do i cash out winnings from online casinos?
If you’re asking this question, chances are you haven’t made a deposit yet, and are curious about the process before investing. Or, it could be that you didn’t think that far ahead. You’ve deposited, you’ve won some cash, and you want to get paid! Ether way, this simple, step-by-step guide will teach you how to cash out online casino winnings from iGaming websites.
Important Note: If you haven’t registered an account and made a deposit yet, we do have some quick but critical advice. Only play at highly reputable online casinos that are licenced and regulated. Otherwise, your withdraw could arrive much slower than advertised, or worse, never arrive at all. Regulation and reputation means everything in this business!
How do I Cash Out Winnings from Online Casinos?
First things first, if you claimed a deposit bonus and won money while using those free credits, make sure that you’ve cleared the wagering requirements (WR). Read over the terms of the bonus. If you attempt to withdraw before meeting WR, you should be notified of this when trying to cash out. Requesting a withdraw before meeting WR will forfeit the bonus and winnings derived from it.
Step 1: Visit the Cashier
When you’re ready to withdraw, use the menu button on the website or mobile casino app to navigate your way to the cashier section. It may be listed as ‘Cashier‘, ‘Banking‘, ‘Cash Services‘, or ‘Deposit & Withdrawal‘.
Next, look for the cash out option. Again, it may say ‘Withdraw‘, ‘Cash Out‘, ‘Request Payment‘, etc.
Step 2: Choose a Withdraw Method
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Most internet gambling sites will offer a plethora of payment methods to cash out online casino winnings. Others may only offer a few options. Either way, you’ll need to look over the available methods and decide which best suits your needs.
If possible, it’s recommended to use the same payment option you chose when depositing. This tends to speed up the process, but is not necessary.
Typical withdraw options include credit card (but only up to the amount previous deposited), debit card, bank wire, bank transfer, web wallet (ecoPays, PayPal, Neteller, Skrill, etc.), or cheque by mail. Some methods are faster and/or cheaper than others, so be sure to read the details before committing to your choice.
Step 3: Submit the Cashout Request
Fill out any required information, including the amount to be withdrawn. Clear instructions will be provided. Follow them closely and you’ll get through this in no time. Click the button the submit, and it’s almost over!
Step 4: Verify Your Identity (if applicable)
If you haven’t done so already, you’ll need to verify your identity before the casino can process your first withdraw. You only have to do this once, and although it is a bit of a pain, it’s a necessary security feature that maintains the operator’s regulatory compliance, and protects players from identity theft.
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You’ll be asked to provide two forms of identity verification. These usually include things like a government issued photo ID (driver’s licence, passport, etc.), and a utility bill showing your name and address; (same name/address you registered your account with).
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These scan these documents and upload the directly, or email them to the casino’s support desk. Once verification is complete, you can cash out winnings from online casinos anytime.
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