How to Withdraw Your Winnings Obtained from a Free Bonus
As a fan of online wagering, your primary concern when selecting an online casino to play at is likely to be how to find an establishment which comes with high quality software, a sizeable games catalogue and generous bonuses with conditions which are as lenient as possible.
Once this goal has been attained, you are likely to focus on having a gaming experience which is thoroughly enjoyable, wagering with your free cash or free spins and possibly bagging a win as well.
But what occurs once you have achieved every player's aim following a particularly rewarding gaming session? Here we shall be taking a look at important points you are likely to have to take into account in order to get to withdraw your winnings earned using your free promotion.
Bonus Terms and Conditions
One of the most important aspects of any casino promotion are the terms and conditions it comes with. Reading them carefully before opting for any offer is highly recommended since contravening any of their conditions even unwittingly, may result in your winnings being voided. Certain terms frequently associated with free rewards include:
- Playthrough requirements: Also frequently referred to as wagering requirements, they represent the number of times you will have to play through a bonus before any winnings you have earned with it will be paid out to you. It is worth noting that their value depends on the offer as well as the online casino you happen to be visiting. For example, a virtual betting establishment may set the wagering requirement for a free reward at x50 with different games contributing to its completion to varying degrees. Others may change the value of the playthrough requirement associated with a free offer depending on the game category you decide to play. For example, such an operator may set a wagering requirement for a no deposit reward of $40 at x50 for slots and blackjack, and x60 for roulette.
- Maximum pay out amounts: It is worth noting that you may not be permitted to have the total sum of your winnings earned using a free bonus paid out to your account. This is because several betting websites often set a limit to the maximum amount you are permitted to withdraw for cash earned using rewards in this category. At certain establishments, the value you are permitted to have paid out depends on the size of your winnings.
Selecting the Right Payment Method
Once you have met all the terms and conditions required by the promotion with which you have earned your winnings, you will need to select the right payment method to ensure the process proceeds without a hitch. Certain points worth noting include:
- Payment options: In order to withdraw your funds, you will need to ensure that the payment option you wish to use is accepted by the betting operator. It is also worth noting that certain methods accepted for processing deposits may not necessarily be accepted for processing payouts. Some of the most common payout methods widely accepted at the majority of gambling websites include: Bank transfers (considered to be impressively secure), credit or debit cards (most widely used options include MasterCard and Visa - some websites may also accept Maestro and Solo) and e-wallets (the most widely used options are PayPal and Skrill - certain websites may also accept options such as Ecopayz and Neteller).
- Minimum and maximum amounts: Several online casinos set minimum and maximum payout limits. The amounts specified depend on the operator in question; certain websites even set different figures for different payment methods while others simply maintain the same amounts regardless of the payment method selected.
Processing Your Transaction
The actual process of having your cash paid out is a rather straightforward one. Once you have accessed the cashier, you will need to select withdraw and specify the amount you wish to have paid out.
Your online casino may have to review your request (a process which may take as long as seven business days), following which your funds will be released to you.