How Does a Gambler Get Paid If He Wins
One of the many questions a beginner to online gambling wants to know is how he gets paid in case he wins. The answer to this question is actually not complicated – unless maybe you won the million dollar jackpot in slots. The simple fact is, the casino will send your money back to you including your original capital upon your request by way of the means discussed below. If you want to play later in the same casino, you really don’t need to withdraw your winnings at the end of each playing session. Your money will be kept by the casino for your play next time. However, if you really want to cash-in your winnings, this is usually an easy procedure.
Each online casino has its own payments system that differs with the other. There are variables to consider like delivery cost, speed, safety, local laws, and a host of others. As the policy may vary from casino to casino a player should always be aware of it before creating an account.
The process of withdrawing your winnings may vary from casino to casino but more or less follows a similar procedure. If it is your first time, the process will take a little longer. First, the casino will check whether or not you are qualified to make a withdrawal. This consists of checking the required documentations. Casinos may ask for additional proof of ID and other relevant data like address, age, etc. Casinos will also make it sure that the bonus wagering conditions were met, and there were no violations in the terms and conditions.
If all is well, the casino will now send the funds in a way preferable to you. The traditional methods are often used. Company check may be sent to you by regular mail or through courier. While courier checks are faster, you should expect to be charged about $30 for this service. Bank wires are also often used, but the service is uneconomical for small-value transactions because of bank charges. Credit/debit card used to be most preferred method internationally, but its popularity dwindles in USA and Canada with the passing of UIGEA (Unlawful Internet Gambling Enforcement Act), the law that prohibits bank to process transactions emanating from online gambling transactions
Electronic payments solutions or e-wallets are gaining widespread popularity today owing to its speed and cost. Although certain countries (e.g. USA) have outlawed the use of e-wallets, casinos have been creative in offering alternatives that have met certain successes. Casinos may also offer payments solutions which you can access only if you contact them. As a bit of advice, it is wise that you confide the matter with the casino before opening an account with them.