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Are online casinos regulated?

The gambling industry is just the same as any other industrial field. Online casinos refer to the online gambling industry, to be more exact. Anyway, this occupation takes its position in the world economy. The online gambling business prospers making new sites appear on the market.

And like any other business, online casinos must be regulated by special laws and authorities in the field. The laws of your country state whether gambling is permitted or not. The specific bodies related to gambling act according to the laws of their countries and have a right to issue official licenses for online casinos.

The most known regulating authorities are Malta Gaming Authority, UK Gambling Commission, Gibraltar, Curacao and others. Under their jurisdictions the online casinos are obliged to follow the terms. If some rule was violated by the casino site, including mistreatments of users, the licensee imposes fines and even some restrictions up to casino closure.

There is also a different type of regulating bodies. They issue certificates to prove the games provided by the casino are fair. The popular authorities are the eCommerce Online Gaming Regulation and Assurance or just eCOGRA. Them and Independent Auditors carry on constant tests on all the casino games. The whole variety of the online games are tested for randomness and fairness. As for the random games, they are powered by RNG mechanism.

This is what you should know about casino regulation. Besides, as these bodies operate the work of legit casino sites, you should primarily test a selected gambling site accordingly. Check if gambling is legal in your country, if the casino has a license and certificates. Every respected online casino must provide this information to the public’s view.

If you wish to try out Grand Mondial, you’ve surely heard what it’s popular for. Its promos are from the famous Rewards Group that gives everyone an equally loyal status. Grand Mondial has two modes for playing. One is instant, right in the browser, and second is downloadable. You can click the link for HD software on the gambling site to proceed with loading. The process of downloading and installing may take some waiting time, so be patient.

How to start?

Both ways require registration. It takes a couple of minutes to fill in the form with your data. Make sure you place the authentic info about you. Otherwise, the online casino might not give you pay out considering that your account is fake.

Games

After registration you have access to the whole library of over 550 games. All of them are powered by Microgaming, the biggest ever provider of games. However, don’t hurry to try them all out. Your purpose is the banking page. You have to deposit just $10 and later, in about 2 hours, you’ll get the 150 spins for the Mega Vault game. Spinning for 150 times, one of them can be the luckiest Jackpot win.

When you finish all your free games you can continue with either Mega Vault or another game of your taste. Pay special attention to the game you choose. The game’s RTP mentioned in game rules must be over 95% for your beneficial sessions.

Necessary requirements

The time for withdrawal starts after your successful result. To take your money you have to go to the banking page again. Select the withdrawal icon and the preferable method of receiving this payment. Then, complete the verification form and send the necessary documents. This is a requirement for a safe deal. Finally, when your docs are approved, wait for your money. Generally, it takes several days to process, but still depends on the method you’ve chosen. I’ll give you a little recommendation: use e-wallets, they are fast, or better to say instant. So, you won’t have to wait for so long.

Remember one more thing to do before you start any kind of activity at Grand Mondial, especially the first 150 chances bonus. Read all the terms of the casino online itself and of the bonuses. They are all applied on the main webpage of the casino. Upon registering you automatically agree with these terms. So, make sure you understand every single piece of the info in order to avoid further troubles. Nevertheless, if you have a question or issue to solve, refer to the contact centre in chat or by email. Usually, they are fast in responding.

First of all, the main advantage of this payment method is the fact that you can process in a few steps. Easily, go to the payment options, choose the mastercard, fill in the code and type the amount of money you want to deposit. The process will take a few seconds to transfer the money to the casino account. That’s why many casinos have this type of method in selection. Such as the most popular casino in NZ Jackpot City provides all kinds of methods, including Mastercard Bonfire.

  1. Jackpot City – the withdrawal time 24-48 hours.
  2. Spin Casino – the withdrawal time 24-72 hours.
  3. Royal Vegas – the withdrawal time 24-48 hours.

Conclusion

The Bonfire Mastercard has a place to be. In fact, it’s a really convenient method to make a deposit, however, you are not allowed to withdraw the money through prepaid cards.

The problem of choosing the platform to play depends on the specific casinos. You probably have no idea which casino provides a suitable payment method for you. In fact, it’s the most discussed question. To begin with, let’s describe the main representatives for making deposits and withdrawals.

Payment methods

Firsty, these are e-wallet examples, Skrill, InstaDebit, PayPal, Neteller, and EcoPayz. Secondly, there are cards such as Visa, Mastercard, Credit Card and Maestro. Also, let’s talk about other variants of money transferring. There are bank transfers, e-bank transfers and Pre-paid options. Basically, all of them have different features. For example, e-wallets are the most popular method, because it provides the fastest money transferring process. Moreover, all of them are used to make deposits and withdrawals, except prepaid cards.

How to use them?

In order to make a deposit go to the cashier of your casino and choose the suitable options for you. Then, fill in the necessary information and click the “Withdraw” or “Deposit” buttons.
Let’s look at the payout average time:

  • E-wallets – 0 – 72 hours (the fastest)
  • Bank transfer – 5-7 days
  • Card – instant
  • Prepaid cards – instant

Conclusion

It’s very important to know the payment system while choosing the casino. A reliable payment influences the fact that you can withdraw your winnings safely. The online casinos are struggling with making transactions, however there are many options to make fast payouts. Make sure to check the methods before registering an account. All in all, you can find the review of casino with detailed payments system

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