Why Late Casino Payments Are Still a Thing!
One of the main reasons why people love gambling is the thrill of winning. Still, when it comes to online gambling some people are often wary about playing since they fear that the online casinos won't pay out their winnings.
While there are certain situations where casinos reserve the right to refuse payouts, which are usually for the security and protection of players in case fraud is suspected, the myth about online casinos not paying out winners is simply untrue.
Why Are Late Casino Payments Still a Thing?
Now that we have established the basics that online casinos don't refuse to pay out winnings, it is now time to tackle the main issue at hand - Why are late casino payments still a thing? You might assume that with advances in technology that makes it harder to commit fraud, late payments would no longer be an issue. However, that isn't the case.
Here are some of the reasons for late casino payments:
- You requested to withdraw too much or too little
- You have not cleared the wagering requirements
- You need to verify your identity
- The deposit method used
You Requested to Withdraw Too Much or Too Little
Just about all online casinos impose withdrawal limits of some kind, which means that if your withdrawal has been withheld or outright denied, it is important to ensure that you have requested an amount that's within those limits. You can find the casino's withdrawal policy/limits by checking the terms and conditions. Keep in mind, however that the withdrawal limit might vary depending on the deposit method used.
You Have Not Cleared the Wagering Requirements
If you are attempting to withdraw money you won while using a casino bonus, you need to ensure that you have cleared the wagering requirements. The wagering requirements are the number of times you are required to wager the bonus before withdrawing it and any associated winnings. The wagering requirements range anywhere from 20x to as high as 70x.
You Need to Verify Your Identity
One of the main reasons why your withdrawal may be withheld or delayed is because you have not provided the casino with proof of your identity. To adhere to the 'Know Your Customer' rules, online casinos are required to first verify that you are who you say you are before they pay out. It helps stop money laundering along with other illegal activities.
Identity verification usually comprises of 3 areas:
- Proof of identity/name/age
- Proof of address
- Proof of payment
All these checks are put it place not only to protect the casino by ensuring that they don't allow any fraudsters or underage players but also to protect the player by helping prevent identity theft. To verify these, you will be required to provide 3 documents:
- National ID Card or Passport
- Screenshot of the E-Wallet or Scan of the Credit Card used to make the deposit
- Bank Statement/Utility Bill/ Pay Slip that's less than 3 months old
The Deposit Method Used Is Responsible for Your Late Casino Payments
The deposit method used can certainly determine how quickly or slowly you receive your money after withdrawing it from your online casino account.
Card is still a preferred deposit option, but it isn't the best. It supports instant deposits, but withdrawals can take anywhere from 1 to 7 days, depending on the bank. It can even take longer depending on your country.
Other payment methods such as e-wallets can only be used to make deposits at certain online casinos, but not withdrawals. So, if you use such payment options, your withdrawal request would most likely be denied or at the very least delayed.
If you know what you are looking for, it isn't difficult to find a reputable casino, and with a reputable online casino, you can be sure to get payouts on your winnings. Late casino payments are obviously inevitable, but you can rest assured that you will eventually receive your money.