Online casinos have become a mainstream form of entertainment, one enjoyed by individuals from around the globe. That is so because these gambling hubs are homes to thousands of games, boasting a variety that will satisfy any person’s tastes. And when good fortune strikes, casino sites now offer virtually seamless withdrawals if an individual knows what he is doing and has mastered all the pitfalls of this process. For those who haven’t, and for total newbies to this industry, here is a concise step-by-step guide on removing funds from a gaming platform account. Following this tutorial ensures that gamblers will get united with the fruits of their good fortune as quickly as possible.
1. Logging Into Your Account
Naturally, to take out winnings, one first must have access to the account holding these funds. Hopefully, they have a quality one, storing their gaming cash at a credible gaming brand like Jackpot City, an internationally regulated site supplying a wide range of transaction options, ranking as one of the top casinos that take prepaid cards. Hence, we shall use this website as an example in our guide.
So, as a Jackpot City player, the first step is to click the login button on this platform’s homepage and enter account credentials (a username and password).
2. Fulfill the General Rollover Requirement
What is that? It is a rule that online casinos have stated that all users must bet their deposit sum one time or multiple times over before they can request a withdrawal. Thus, if someone deposits $20 at a site with an x3 general rollover stipulation and wins a prize instantly with those funds, they still must bet $60 (in total) before getting any rewards earned from betting the $20 placed in their balance. At Jackpot City, there is another specific condition connected to withdrawals. It states that all withdrawals x5 in their lifetime site deposit balance are subjected to a game review check.
3. Completing Identity Verification
More commonly referred to as the KYC (Know Your Client) process, identity verification is a fairly established procedure that virtually all trustworthy gaming websites implement today to satisfy regulators and other legal authorities in their operating jurisdictions. The procedure at Jackpot City asks that all users submit an ID (government-issued) that includes face verification and proof of address. The latter condition can traditionally be satisfied by sending a copy of an electrical, phone, or water bill not older than six months that clearly shows the user’s name and address. Jackpot City also demands a player’s most recent bank statement for the account from which his wagers have stemmed if he has used such a money transfer method.
It is best to complete the KYC process instantly after registration. We highlight this so as to avoid hassles during withdrawal time. Please complete this procedure when asked to avoid account termination. If you try to take out $3,000 or more at Jackpot, KYC completion is mandatory, but some websites request this before anyone makes their first withdrawal. That may also be the case at Jackpot City, as the staff has discretion regarding when they will ask anyone to go through this process. Thus, that can happen at this hub before anyone can complete their initial site withdrawal.
4. Select a Preferred Payment Pick
Multiple ones should be on hand, each with their pros and cons. Credit/debit cards are the most accessible choice, an option that most people are familiar with. Nevertheless, withdrawals through these methods take a few days to go through. That is why most fiat gamblers turn to e-wallets as an equally safe but faster option. Using Bitcoin for interactive gaming fun is another hot trend, given that cryptos deliver the swiftest processing speeds in the business. Unfortunately, not all casinos accept them.
Jackpot City does not allow Bitcoin. However, it does accept prepaid cards, as mentioned above. Nonetheless, that method can only be used for depositing, and it does, chiefly as a responsible gambling tool.
The withdrawal option selection occurs in the same cashier window used for depositing, which requires gamblers to enter their desired withdrawal sum and confirm that they wish to take out the asked funds. Users should receive a notification confirming their successful withdrawal. Yet, it is still wise to manually verify that the transfer went through.
Depending on the chosen method, fees may be associated with this transfer. As discussed, the transaction speed will also vary depending on the transfer choice.
5. Additional Payout Rules
If someone asks to take out a massive amount of cash from their balance, they may get hit with a source of funds check, and their chosen casino may inform them that they cannot process such a sizeable transfer instantly. That means their winnings will get paid out in weekly or monthly installments. Usually, the monthly sums will be at most $15,000. Still, that differs from hub to hub. High-rollers should especially be aware of these rules, as they can be a major torn in their sides.
Finally, we will point out that online casinos have dispute windows through which users can file a complaint regarding a rejected withdrawal or any payment-related problem. Once these periods elapse, such a complaint cannot get posted. Please keep that in mind