Details on Cashing Out in Online Casinos
When playing in an online casino using money, most players have one goal in mind – making that money. Money deposited into these online banks are transferred into coins or credits allowing you to play a number of games depending on the amount of the buy-in. Money used for casinos are transferred through the use of a third party resource. There are many different third party payment resources available at the time of cash out.
Some Common Third Party Payment Sites
This is a list of some common payment sites that you can use to post payments or withdrawal money from your account – also known as “cashing out”.
o Debit Cards
o Credit Cards
o Electronic Checks
This is just a simple list as there are many more options available. Do some research and find the third-party pay site that best fits your playing needs. In the United States; however, payment has been restricted to using only Click2Pay (if you’re already an account holder) or the more popular EcoCard (which acts as a debit card, with no trace to your bank account!). They have regulated payment options to ensure that a player’s bank account information doesn’t get phished.
Another interesting thing to remember is that many online casinos require you to cash out with the same payment option used to deposit funds. This is a security measure taken by them to avoid being a part of money laundering scams.
Curious About Reverse Withdrawal?
Reverse withdrawal refers to the time of cash out that a sum of money spends sitting in a pending bank account, waiting to be transferred to you. The money will be pending for various amounts of time depending on the online you are using. While your money is in the “pending” state, you can log in to the online casino and reverse your funds back into your casino account to enjoy more play time. This is one way an casino gets more money out of you. Waiting for a cash out to fund to your bank account can be time consuming – and while you’re waiting on your funds, you may get bored and decide you aren’t exactly done playing yet.
Although reverse withdrawal feature encourages you to play more, not all online casinos have this feature where your money is left in pending state – just staring at you – waiting for you to play. Shopping around, you will find that there are many casino websites that actually fund your account immediately and don’t leave you with a waiting period. It’s always better to shop around and find the best bang for your buck.