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Cashout is the much-awaited process in the whole gambling activity. This is what gamblers come for to the casino websites. Unlike the land-based casino payouts, online ones take longer time to actually appear in your hands. The whole process of withdrawing undergoes three stages: request, approval and processing. Let’s take a closer look at each one of them.
Congratulations if you’ve won money, but this is not yet the end of this story. First of all, make sure you’ve won enough. I’m serious. Online casinos have a certain limit of the payout sum. For example, $2000.
After you’ve confirmed that your sum meets this requirement, proceed to the banking page of your account. Select the withdrawal function and banking method you wish to have money on.
Another hitch at this time, sometimes online casinos set a rule that you only can withdraw by the same payment system as you deposited with. If it was a visa card, select the same card for payout. On the other hand, some casinos don’t include one and the same option for deposits and withdrawals. So, check these terms before you deposit to avoid being ‘surprised’ and upset.
As soon as you are satisfied with your choice of method, click the withdraw button and wait until the next stage ends up.
Your request must be approved by the security and payment departments of the casino. If you’re withdrawing for the first time, get ready for the long verification process. They are probably going to need some docs and other proofs of your identity. Reply them for their request as soon as possible unless you want to wait for ages.
When the casino confirms that this is really you, who is trying to take cash out, they approve your request. Then they just send the request to the payment option you’ve chosen.
Payment processing stage
This stage can take a long or short time depending on the option you selected. For faster payout I recommend choosing an e-wallet. They are usually processing money within one day. Alternatively, if your method is a debit card, for example, it may take from 1 to 3 days. In most bank transfer cases the transaction takes even more, 3 to 5 days. So, be careful at the requesting step.
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.
- 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.
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.
If you are not experienced enough in this matter, trust the gambling professionals. Read reviews of online casinos on the casino review section.