Except for some rare events like general banking network outages, casino payouts typically occur within a day. Withdrawing large amounts may lead to installment payments, but the casino will keep you informed. If you requested a withdrawal and it’s taking days without information from the operator, something is likely going amiss.
Several things could cause a delay, ranging from currency conversions to international money transfers. Many modern payment gateways have simplified these aspects, but the challenges pop up every now and then. Here are a few steps that may actually help.
Register with Licensed Casinos
We can’t stress this point enough because it underlines a casino’s integrity to pay winners. Unlicensed platforms are not bound by any law to fulfill their payout obligations. As such, they may deny withdrawal requests without tangible reasons or delay payments at will.
Licensed online casinos operate within the ambit of the law and federal regulations. They might be offshore sites, but their license guarantees adherence to best business practices, including honoring payout requests. Moreover, you can always engage legal services if they fail to process your payout. Now, that is something that can cost them their reputation.
It’s easy to check a casino’s license. Run through its “About Us” page or check the footer where you have information about the operator. There are two things we want you to check:
- The business license that proves the operator is a registered company
- The casino license to offer gaming services online.
One of the benefits of playing on a licensed site is that you’ll get really beneficial bonuses. You can see some examples at https://slotspeak.com/best-slots/.
Avoid Currency Conversions
Foreign exchange challenges may cause payment services to delay payments. When you request a payout in another currency, the payment service must source that currency to effect the payment. Because of this, less-common currency trading pairs may take longer to process.
To avoid currency conversions, ensure the account you set up to receive the payout supports the casino’s currency. For example, if you request a payout in US dollars, your account should accept US dollars. In Lukki Casino, they also let you withdraw in crypto, which is a pretty beneficial option as such payouts are
- Free
- Instant
- Unlimited (no maximum withdrawal limits).
Use Local Payment Options
This recommendation is split into two parts. First, pick casinos that support your local payment options. That means the casino can quickly process payments within the approved channels in the country.
The second part is to pick local payment options if the casino supports international methods alongside the local ones. Even if you have international accounts that accept those payment gateways, processing with local methods erases several bottlenecks. These bottlenecks often involve multiple intermediaries, each with its processes and compliance requirements.
Complete Account Verification Early
Some online casinos require account verification (KYC) before processing payment. They may process low amounts without KYC, but they often have a threshold where KYC comes in. Once the latter happens, a payout delay is likely to be inevitable.
Account verification (the submission and approval of KYC documentation) might take a few hours, days, or more. The online casino must complete this process before approving your payment.
One way to avoid this drawback is by withdrawing amounts below the threshold for KYC verification. If you expect to make larger withdrawals, then complete the verification before making the request. We recommend doing this as soon as you register with the casino.
Typical documents for KYC verification include the following:
- A government-issued ID or passport
- Your utility bill (not more than three months old) to verify your address
- Bank statements.
Fulfill All Wagering Requirements
Online casinos may forfeit your winnings if you request a withdrawal before completing a bonus wagering requirement. Besides, withdrawal requests often have approval times within casinos. Some take a few hours, while others take up to two days. One of the checks to get approval is whether you still have any outstanding wagering requirements. If that happens, your request will be denied or delayed until you complete that playthrough.
Become a VIP Player
VIP players enjoy several benefits. One of the most typical ones is getting high priority for their withdrawal requests. They may also receive personal account managers that ensure smooth transactions as they play.
Find out the VIP player benefits and work towards becoming a VIP player yourself. It might require making substantial deposits, playing often, or getting an invite from the casino.
Conclusion
Always stay within the online casino’s withdrawal limits. Also, use the same accounts you used for deposits to make your withdrawals.