Casino games are all about winning and losing. On a good day, some players are fortunate to win quite a lot of money, and some lose on a bad day. So have you won a load of money with free spins no deposit? Now you’re wondering how to turn all that money into real cash and spend it away!
Winning is good, but converting the wins into real money is the goal for many players. It’s the most satisfying reward for all the games played and won. As such, it is important to know the various means to turn your winnings into hard cash, as provided below.
Payment Card
Many casinos provide options for players to withdraw cash and make deposits with a credit or debit card linked to their bank account. The major card payment institutions are VISA and MasterCard. You can hardly find a casino that does not make use of these platforms. So if you’re looking to turn your winnings into cash for spending, then get your debit or credit card ready.
Payment cards are popular and easy. However, using a payment card for casino wins might involve a delay for some days before the money is deposited in your account. This is the major downside of payment cards. Some sites expressly state that the money won will reflect in the player’s account after five working days. This is connected with some casino regulation and taxation issues. However, some casinos take longer before the player can withdraw funds.
Payment Platforms
Skrill
Skrill was formerly known as Moneybookers. It is a digital wallet founded in 2001, and it provides various online payment options and transfer operations. Since Skrill began its operation, it has spread to over 100 countries, with its digital wallet fully in use in 40 different currencies. The platform allows users to transfer money into their wallets using different payment methods like card and bank transfers. The funds saved into the wallet can then be used to pay for other business services, utilities, Skrill users or paid as cryptocurrency.
After its launch, Skrill quickly became the most popular means for making withdrawals from dollar deposit online casinos. Millions of online casino players have subscribed to its service in various countries of the world. The platform also provides good security for transactions.
Another factor that makes Skrill popular among casino players is that it is easier to change money from one currency to another using Skrill. This is especially useful for gamblers who play in a casino dealing in foreign currency and will have to change the prize into their own currency. Skrill makes this process smooth and easy.
One more reason players prefer Skrill is that transfers made on Skrill are instantaneous. The money will reflect in your account once the casino approves the withdrawal request. The money then becomes available to spend without any delays.
Neteller
One thing Neteller is known for is its security. The Neteller platform is not only concerned with taking care of money transfers, but it also helps customers to make secure purchases on many sites. This makes Neteller the perfect platform for players who are not only looking to withdraw but to protect their identity and avoid fraud as well.
Neteller is linked to other major card payment platforms, which include VISA and MasterCard. As such, Neteller is much more flexible than other platforms. Neteller is also FCA-regulated which makes it a lot more secure and trustworthy. Players need not fear anything bad happening to their money, such as fraudulent withdrawals. Also, players’ identities and info are protected.
Paysafe
Paysafe birthed the Neteller payment platform. However, Paysafe still operates as a different brand or platform. It is not only available to be used by casino players, but it is also available to customers for commercial purposes.
Paysafe card users can use the card to withdraw from casino sites. They can also pay into their account to ensure that the machine reels are spinning and that poker chips are being stacked up in virtual space. Paysafe requires no existing bank account or card to activate an account. This particular fact makes it preferable to other alternative platforms.
Bank Transfer
Bank transfer is also a viable option to transfer money from an online casino to your personal bank account. Although, it has to be one of the payment options permitted by the casino operators. The benefit of choosing a bank transfer is that the player need not sign up with the second-party services mentioned above to initiate the withdrawal process.
While bank transfers seem straightforward and direct, it has some downsides. One of which is the delay before the money is made available to the player. As such, a player looking to withdraw may have to wait for a maximum of five working days before the money shows in the player’s account. Another downside pertains to security. Giving out your account details and routing info to online casinos may compromise the security of funds in your account.
The Benefits of Using E-Wallets
Though people who like casino tourism and travel to enjoy gambling sometimes get to play from home and pay online. While bank transfers and payment cards are good, as stated above, these two means of converting casino winnings into cash come with some disadvantages. On the other hand, there are E-Wallets like:
- Skrill
- Neteller
- Paysafe
They are very much efficient in covering up for the lapses of bank transfers and payment cards.
Putting money in your E-Wallet is just as easy as depositing cash or sending a check through the post office. The process involves no technical coding or complexities. All a player has to do is sign up with an E-Wallet service provider, log in to the account and transfer money into any best online casino that accepts such a form of payment. The entire process can be concluded in minutes, and the player can start playing with cash.
Transferring money with an E-Wallet is lightning quick because deposits are quick, and the player’s money is converted into credits. This effectively eliminates the thorny issue of waiting for the approval of a transaction.
Making withdrawals from E-Wallets is just as easy as making deposits. The process is carried out in a similar way. All the player has to do is choose a withdrawal option and provide his E-Wallet account info. Once all the info is provided, the casino will transfer money back into the player’s E-Wallet account. This process usually does not exceed 24 hours.
Online Casinos With Quick Payouts
Listed below are examples of online casinos with quick payouts:
BetOnline
BetOnline was founded in 2004, and it has garnered a considerable reputation since then. It provides 400 games to players by five-star software providers in the industry. Players can deposit or withdraw funds through credit or debit cards and cryptocurrency such as Bitcoin, Tether, Doge and so on. Dealing with cryptocurrency grants players access to their funds in minutes. BetOnline is known to grant withdrawals to players within an hour of making the request.
7Bit Casino
7Bit started its business in 2014. It became the players’ favourite because of its game selection. The casino offers a variety of 1,300 games, with over 1,200 of these games being slots. The games are developed by popular software developers like Betsoft and Yggdrasil. 7Bit offers 15 deposit and withdrawal means to players. However, the fastest and most efficient means of withdrawing funds is through Bitcoin. Withdrawal through Bitcoin is lightning fast and is usually concluded in a matter of minutes.
Slots Empire
Slots Empire was established by Infinity Media Group in 2019. Its games are provided by RTG and visionary iGaming, and it has over 200 games. Available slot games include 3-reel and 5-reel games. Funding your account at slot is quite easy, and you can do so through credit or debit, or bank transfer. Slot Empire also offers quick withdrawal services through Bitcoin, Ethereum and Neosurf. Through these means, your funds will be available in a short time.
Step-by-Step Guide to Withdrawing from an Online Casino:
- Step 1: Log into your account with your username and password. The login button is usually close to the menu button.
- Step 2: After logging into your account, go to the cashier page and click “withdraw” or “request cash” depending on what is shown on the casino site.
- Step 3: Go through the terms and fees charged on the provided withdrawal options before deciding on the withdrawal method to go with. After choosing, the casino will ask you to supply information to process your withdrawal request. For instance, if you choose Bitcoin, you will have to supply a wallet address for the casino to know where to send your funds.
- Step 4: Input the amount of money you intend to withdraw and read through the terms and conditions to know when the money will be deposited in your account.
- Step 5: Here, the casino will confirm the account information you provided and use it to process your withdrawal request. You should receive your funds within 24-48 hours if you choose Bitcoin. Bank transfers or e-checks will take 5-7 days.
Conclusion
From the foregoing, it’s clear that the quickest way to convert online casino winnings to cash is using E-Wallets. The only downside of using an E-Wallet is the charges that come with it. E-Wallet usually has more fees than credit cards. It is important to check the fee charged by different E-Wallet service providers in order to get the best deal.
