Playing online casino has caught the attention of young and old alike. The reason is simple – it allows players from all over the world to play casino without stepping a foot inside a brick and mortar casino. It doesn’t matter if there is a good casino in your city or not, with the help of online casinos you can indulge in some of the most popular games from your hometown.
If you have played in a casino before, then there is one thing to know – the rules of the online games vary from traditional games. One of the most difficult one to understand can be process and conditions of withdrawal. Here, we are giving you a rundown on the withdrawals terminologies for online gaming.
What is online casino withdrawal?
It is simply the term used to describe the process of transferring winning amounts from your registered casino account to your bank account.
- Register with an online casino
- Get an account with the portal
- Start playing online casino
- Win cash which is deposited to your casino account
- Transfer the money to a personal bank account – a withdrawal has taken place.
Online withdrawal conditions and limits
There are rules and regulations governing the withdrawal of your winnings from the casino account to your bank account. Usually, these restrictions are Amount Limit, Time Limit or a combination of both, and can vary for every online casino.
Here is a brief of the limits to remember while making online casino withdrawals:-
- Amount Limit
As the name suggests, this limit is placed on the amount of withdrawal. As with certain banks, you cannot make a withdrawal of a sum larger than the preset Amount Limit. Though, some casinos allow you to withdraw money in multiple transactions, it is better to know the amount you can withdraw at one go, as attempting to withdraw a higher amount will lead to a failed transaction.
- Time Limit
Again as the name suggests, it places a limit on the number of withdrawals in a given period. If you try and withdraw money before that, the withdrawal. Some websites set weekly withdrawal limits while some set daily limits on the number of withdrawals.
- Time and Amount Limit
This is a combination of the above two and is the most followed for setting withdrawal limits. As can be understood, online casinos set a limit on the amount you can withdraw within a certain period, which maybe on a daily or a weekly basis.So, when withdrawing your money from the online casino account, be sure of the limits set for a successful transaction.
The better idea is to to check out all the terms and conditions of the withdrawals of the online casino before registering for playing online casino. This is important as it gives you a clear cut idea of how much you can withdraw at any given time if you win big. Compare the limits between different websites, but also remember, a casino may change its policies at a later date.
Summary – There are different rules when it comes toplaying online casino.The most important one is concerned with the process of withdrawal. Read on to know more about the process.