Online gambling can be an anti-climatic experience. The tension and the excitement is certainly not in short supply, but once you win big and that excitement reaches its peak, you then need to withdraw and wait several days to see the money. It’s certainly nothing like getting a bundle of cash in your hand as you would in a real casino.
However, if you choose the right methods and the right casinos, and if you act quickly when problems arise, then you can get your money very quickly. In this article we’ll look at the problems that may arise when withdrawing, the problems that may slow things down, and we’ll also look at ways you can get faster withdrawals.
If you pickup a big welcome bonus when you first join a casino, then you will be asked to clear a play-through rate before you can withdraw. These are frustrating, but they make perfect sense when you think about it. If they didn’t exist, then players could make a nifty profit depositing, collecting bonuses and immediately withdrawing. In fact, they could double their money every 5 minutes.
Some of these play-through rates are low, around 30x (which believe it or not, is considered low). That is the case with Spin Palace, which we’ll discus in more detail soon. However, some of them expect you to clear 100x and more. To clear these rates you just need to gamble. If you get a bonus of $100 then a 30x play-through rate means you need to risk $3,000. This sounds a lot but if you bet $100 on a slot with an average RTP, then you should be getting a return of around $95, which means you’ll only lose $5, but the rate will have dropped by $100.
Do not increase your stake in an effort to clear these rates. Make sure you check the terms and conditions to see if there are any restrictions or exceptions, and then choose the games with the highest rates of return. Table games like blackjack and poker are great, but only if you know what you’re doing. Many slots are also great. However, roulette, craps, lotteries and other games with high house edges are not ideal.
Some casinos will ask you to go through an ID process before you withdraw. This is an anti-fraud method and is common, so don’t worry. In most cases it is not necessary, particularly if your credit report is easy to find and the casino can verify you instantly. If not, then you can expect to be asked to go through this more than 50% of the time.
You simply need to follow the instructions of the casino, which often includes sending a photograph of a passport or driver’s license, and submitting a copy of a utility bill. They may request that you go to the trouble of faxing or photocopying, but if you own a smartphone or a webcam, simply snap a picture of your utility bill and passport/drivers’ license, and then send this to them via email.
Getting Quicker Withdrawals
One of the ways you can speed up the process is to choose a method that processes payments quick. The slowest methods are checks, bank transfers, and even credit cards, but if you select a web wallet, then things go a little quicker. To get an idea of what works for you and what doesn’t, look at the casino’s banking options. You should be given a general idea of how long each option will take to process your withdrawal.
All of this is fair and well, but the fact is that you still need to wait a few days. The casino still needs to sit on your cash and it will still take time to process. Luckily, there is a way you can get money into your account in less than 24 hours, a way you can stop the casino from going through that holding period and a way you could withdraw on Monday and be guaranteed your money by Wednesday. That way is Spin Palace, and more specifically, the Spin Palace Loyalty Club.
Spin Palace Loyalty Club
Loyalty schemes are very rare in online casinos, even though they are common in offline casinos. It’s a great way to keep players loyal to the brand so we don’t understand that, but we’re thankful that Spin Palace has a huge scheme, and one that gives you all the incentive you need to keep playing.
There are many prizes and bundles of cash to unlock in this scheme, but you will also trigger perks if you make it to certain levels, and one of those perks is the ability to receive faster withdrawals. This are processed within hours, and it means if you use a web wallet like PayPal, which is also very quick, then you could have your money within a couple hours of withdrawing. We can actually verify this as we have done it ourselves, and the best thing about it is that this perk is available on the lower levels, and you don’t need to be at the highest level to acquire it.