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Should you pay tax when withdrawing winnings to a Visa card?

When transferring over $1000 or the equivalent in another currency, bank employees can transfer transaction data to the tax office. They will try to find out the origin of the money and the payment of income tax.

Waiting is exhausting. Especially when you wait for your money from online casinos. Actually, you can make attempts to impact the duration of the process. The time of withdrawal depends on several factors. They are withdrawal banking options, overall request processing, security check, bank request and verification.

Verification and safety

As soon as you make a request for payout, the casino’s security control must verify your personality. Apart from your already mentioned info, you may be asked to send some more proofs of your unique identity. That is why the overall processing of the request takes so long. However, some online casinos swear it’s fast and takes no more than 24 hours. If you wish to know which are these fast online casinos, check the relevant article on our site.

Generally, the very first payout procedure takes longer than all the further ones. It’s due to that online casinos need time to verify that it’s exactly you who requests the money. All their actions are done with a safety purpose. So, there’s no need to get annoyed that they are too slow or make you provide some additional docs. It’s their job. Your online casino must be safe and secure, remember?

Banking options

To tell the truth, selection of the banking option is a very important step. When you want to make a request, choose the option suitable to your needs.

  • If you want the winnings right now, fast and easy, choose an e-wallet. Usually online casinos make transactions to e-wallets instantly and very often don’t require any docs to verify you. They offer mainly these options: Neteller, Skrill, ecoPayz, PayPal, MuchBetter.
  • Another popular method to withdraw winnings is banking cards. No matter if it’s credit or debit. Visa or Mastercard receive the payment within 3 days. The time depends on the security checks.
  • Bank transfer is a classic way to withdraw money. It’s safe and direct, from casino to bank account. One disadvantage is that it takes 3-5 days to transfer.

Conclusion

Remember that the banks can have a security check too. Thus, it all counts as the waiting time of several banking days. If the fast payouts are what you need, then you should follow the formula. Sign up at the fast processing online casino, provide the authentic info about you, choose an e-wallet as a withdrawal option. Otherwise, if you don’t hurry and can wait, bank cards or transfer can be your choice.

The main characteristics of Grand Mondial casino.

Grand Mondial is a casino, which takes part in a famous loyalty group, CasinoReward. If fact, this group rewards, particularly, regular players with many benefits. These are money prizes, free spins, private managers, giveaways and others. Furthermore, the games are provided by Microgaming soft, which means a high security and fair RTP rates.

The process of winning depends on the particular game, whether it’s a slot, poker or live games. The average return to player rate in this casino is 96,53 which is a great result. Moreover, there are free spins for new players, as well as for regular, however, in order to get free spins you need to participate in a loyalty program. As for jackpots, Grand Mondial is a perfect place, because there are all Microgaming’s slots with progressive and huge jackpots. In addition, all of these benefits you can receive in the mobile version of the site. You can win the jackpot just having your mobile phone.

Conclusion

Winning in Grand Mondial is easy, you just need to choose the game and memorise the rules and strategies. In fact, you can find many strategies of how to play blackjack or poker on our site in the article section.

The most popular methods to process money to and from online casinos are e-wallets, bank transfer or cards. However, there are other special payment options that help to process money faster between casino sites and banks. For this purpose, Entropay was created. In fact, Entropay cards are mostly like prepaid cards. The Entropay prepaid card provider is VISA only. Basically, you need to register an Entropay account and connect it with your VISA card. This method is much easier when it comes to deposits.

Entropay is accepted by nearly all casinos online. In fact, all you need to have is a VISA card. The role of Entropay is ,first, to make your transactions safe and, second, to keep all your other savings separate from the gambling purposes. In other words, if something bad happens with your casino account or you somehow lose the transferred money, all the rest money will be with you in your VISA card. Regarding the online casinos that include Entropay and, therefore, VISA as a banking option, you can read the following list. These are the most reliable and visited online casinos: JackpotCity, Spin Casino, Lucky Days, Casimba, Casumo, Royal Vegas, Ruby Fortune, LeoVegas, PlayZee, Vegas Hero, PlayAmo, DreamVegas, Betway.

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