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

The question of winning online casino games has been torturing gamblers for decades. They keep investing and playing more games, but don’t really get rich. Then how do other people win and get money on their bank accounts? Has anyone ever won at all? Let’s figure it out below.

Are the casinos announcing real winners?

You’ve probably seen the lists of winners on casino sites. But surely you had a slight thought that all this is fake. It can be so. We don’t deny it. Sometimes casinos intentionally post the winner ratings and the sum of their wins. It’s actually normal as they need to attract new players in various ways.

Alternatively, these lists can be true. Otherwise why would you believe it and register, huh? All in all, even if you search for the real comments on gambling forums, some of the experienced players tell stories about how they won a fortune. This is a real fact that online casinos pay out. Though the reason why you don’t believe it is in you.

Why can’t you win?

Everybody around wins money on online casinos except for you? That is because they know how to do it. They know what mistakes can occur as accidentally as the random game result. The actions are quite simple to understand and accomplish. If you follow them, you can win on online casinos just like the other winners.

• Make sure in fairness of your casino site. The sites can be fraudulent and rig the games. There’s a probability that your site is operated by a fraud. In order to test it, just check the authenticity of the license, company info and terms. Besides, search for the real comments on the casino you are using. Pay attention to the negative feedback.
• Quit on time – always. The biggest problem of gambling is responsibility. Majority of players can’t stop playing thus they are losing their money. But the solution to this problem is easy. You need to stop playing after the big win. If you see the balance only a bit higher than the initial one, you can already quit the game.
• Use strategies. Especially if you like playing table games, it’s obligatory to use betting strategies. The strategies can effectively boost the positive results in the long-term. You will have losses too, as the games are random. But along with it, you will have a higher total balance.

I recommend that you first learn to look for bonuses and use them! Today, the biggest share of casino earnings comes from bonus programs. Make sure to learn about the wagering requirements, how to wager the bonus, which slot machines to wager on, and go collect.

Red Stag is an American online casino but it can accept players from other countries too. The casino offers to play many table games and slots. And it has a phenomenal welcome package of $2500. As for the banking options, it accepts even bitcoins. However, not every method is dedicated to withdrawal. As a rule, there are more deposit options which are also faster than payouts. In fact, Red Stag swears the payout takes up to 3 days to process. However, let’s take a closer look at these options and time of their transfer.

Payment Systems

• Bank cards. Mastercard or Visa are the most popular options. They accept only deposits and take no fees by Red Stag. As for the waiting time, all deposits are made instantly including the credit cards or debit.
• Prepaid cards. Deposits only. They include Neosurf, PaySafeCard. The prepaid cards usually need some time for processing, like 1-2 days.
• E-wallets. Skrill and Neteller are the fastest deposit and payout options in the list. They take almost no time to transfer. The maximum waiting period is 24 hours, but you’ll get the payment in less time, for sure.
• Sofort. It’s a payment system leading in Europe. The service is intended for deposits only. It takes a maximum 4 days for processing. However, it may be instant too. It all depends on the load traffic of requests and security checks.
• Bitcoin options. Red Stag offers several bitcoin systems: Litecoin, Bitcoin, and Bitcoin Cash. They are applied for withdrawals and deposits. As a rule, bitcoin’s system is one of the fastest. Up to 12 hours is the transferring period.
• Cheque. It’s for withdrawals only. Casino delivers a cheque to you. This is the longest option of all, but some people like it. It takes 5-7 days to transfer the winnings.

Conclusion

Above I’ve mentioned only the average transferring time for withdrawals and deposits by Red Stag. Of, course, the actual time depends on other reasons too. For example, the online casino security service might need to verify your account and ask for some docs from you. After everything is confirmed, they will start the process of requesting at the payout option that you’ve chosen. That is why it takes so long. But don’t be annoyed, keep doing your things and the money will come.