Playing at online casinos is a whole lot of fun until you can't get hold of your winnings that is. But is this really an issue or a myth perpetuated online? In this article, we will take a look at whether online casinos actually payout when you win.
Making sure you get a payout
There are a number of reasons why an online casino might not payout when you get a win. In this article, we will look at the rules you need to follow to not fall into this trap. Usually, only disreputable casinos will be the ones not paying out.
Myths why casinos don't pay
Online, you can find a number of reasons why the casino might not payout. One of the main myths is that the casino will say that there was a glitch with the game when you scored the win. This is usually not the case as the game is RNG-powered.
Disreputable online casinos
Fraudulent sites will claim these types of issues in order to get out of paying. With this in mind, it's important to avoid such sites. Not only will they have issues with the games, but with payment options too causing problems across the site as a whole.
Play at a licensed site
It is therefore very important to make sure you play at a licensed casino site. Depending on which area of the world you are in, there are different licences and jurisdictions in place. You will need to check the licence of the site before joining.
Casino licences can be found at the bottom of the main page. These licences prove that the casino has to follow specific rules and regulations in order to operate. It means that your money is safe too, and that winnings will be paid out.
Casino bonus requirements
Whenever you take on a casino bonus, you will need to make sure that you follow the requirements for the bonus. If you do not, then the casino is perfectly within its rights to refuse a payout garnered from a bonus. In these instances you can't complain.
Playthrough bonus requirements
The main bonus requirement are the wagering requirements. These are the number of times you need to play through any winnings before you can withdraw them. Failing to meet these requirements will mean any withdrawal request will be denied until you have met the conditions.
Conditions of withdrawals
Withdrawals will also have conditions even when not attached to a bonus. For instance, you will need to use one of the listed withdrawal methods. You will also need to make sure you request fits within the minimum and maximum withdrawal limits et out.
Casino terms and conditions
On top of wagering requirements, all casinos have specific terms and conditions in place for players. These govern player behaviour on the casino site and in turn also protect the casino from fraudulent players who may be joining the site and trying to scam the casino.
Know your customer
Reputable casinos require players to go through the Know Your Customer procedure. Here you will need to provide ID to prove to the casino that you are who you say you are. Not doing this can slow down your withdrawal times, even preventing it getting processed.
Single account only
You will also need to only have a single account with the casino. If the casino finds that you do have more than one account with them, or that you have provided any fraudulent information, withdrawals will be void and you won't get your winnings.
Final thoughts on payouts
At the end of the day, reputable casinos will payout winnings. However, trust goes both ways. Players are also required to follow specific regulations, so that casino can be sure they are not being cheated either. Respecting the gaming platform will mean a goof time for all.