Why Are Deposits Instant and Withdrawals Aren’t?
September 25, 2019 Category :Banking| General Off
In case you haven’t noticed, the majority of USA legal slots casinos follow pretty much the same pattern when it comes to withdrawals and deposits. No matter which method you choose for depositing money, you will only have to wait a couple of minutes before your money is processed and becomes available in your casino account. The opposite is not true, however, as withdrawals usually take more time to process.
Generally speaking, casinos need approximately 24 to 48 hours to process your withdrawal requests. Some do it in a shorter time (very few), and some casinos even need up to four days to process payments.
They simply need more time to review every request. Winning money via games of chance is regulated, and casinos need to do the paperwork every time you make a request to withdraw money. This sometimes takes time, as they need to review your request and make it legal. That’s mainly why you need to wait a day or two before your money becomes available.
Not all deposit methods are instant, however. If you opt for a good old bank transfer, you will have to wait a couple of days both for deposits and withdrawals, as direct transfers usually take more time to process.
On the other hand, if you want to minimize the waiting time and avoid paying high transaction fees, you definitely need to go with options such as credit cards, ewallets, or even bitcoin if you are into cryptocurrency. These payment options are quick, reliable, and secure.
Probably A Good Thing
When you think of it, it’s actually a good thing that most of the deposit methods are instant, since players don’t feel like waiting when they want to play online casino games, especially online video slots.
On the other hand, if you were lucky and you won some money, you wouldn’t mind waiting a day or two for the payment to be processed. Imagine if it was the other way around, and you had to wait for your deposits for 48 hours or more. That wouldn’t be pleasant, and you would probably look for another casino at that point.
Online casino banking must be highly regulated in order to avoid any kind of money laundering or any other type of illegal behavior. Regulations sometimes take time, especially when you want to withdraw money.
There are people out there who want to use online casinos as a tool to launder their money, but that’s minimized, as casinos do their best to prevent such things from happening in the first place.
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