Do online casinos really pay out?
One of the biggest pervading myths about online casinos is that they don't payout. While this might be true of some casinos, these days this is far from the norm. Players that choose where they play wisely and abide by the rules will receive their winnings. But there are some reasons why a casino legitamately might not payout.
Find a reputable casino
If you want to make sure that you're going to get paid out when you win, one of the first things you need to do is pick the right casino. This means choosing one that is reputable. You can do this by checking reviews and seeing what other players think of it.
You should also make sure that it has a licence. This is key to ensuring the casino is safe and secure to play at. Licences also mean there is somewhere you can go to complain if there is an issue with the casino and any payouts you may be expecting. Different licences are given in different jursiditions.
Withdraw winnings properly
In order to avoid any issues when it comes to requesting a withdrawal from your chosen casino, it is important that you are following the specific regulations of the casino. Failing to actually follow the withdrawal protocols set out by the casino can mean they have a legitimate reason to refuse a payout.
Follow minimum and maximum limits
For instance, casinos will set minimum and maximum limits when it comes to making a withdrawal. These need to be met. If you are requesting a withdrawal over or under these amounts, the casino is well within their rights to prevent the withdrawal. You will need to adjust your request to match.
Meet the wagering requirements
If you have taken on a bonus, you will also need to meet any requirements the bonus may come with. These requirements will vary from casino to casino, so it is important to check these terms and conditions. The main requirement you need to consider are the playthrough requirements and whether the bonus is sticky or not.
What are playthrough requirements
This is the number of times you will be required to play through the amount you have won. This can be anywhere from 2x to 70x. The higher these requirements are, the harder they are to achieve. If you haven't met these requirements and request a withdrawal, the casino can legitimately refuse your payout.
Don't violate terms and conditions
Following on from this, there are a number of other terms and conditions you will need to meet in order to get your payouts. For instance, most casinos request you go through their Know Your Customer procedures where you provide ID to verify who you are. If you don't, your payout can be delayed.
If the casino finds you have outright violated their terms of service, they are also within their rights to refuse a payout. For instance, if you create multiple accounts under different names. If the casino suspects you are behaving fraudulently they can close your account refunding your deposit only and removing any winnings.
Debunking the myths
There are many rumours online about why casinos fail to payout. Some include things like casinos claiming game glitches when a large jackpot has been won. However, this does not usually happen. Most issues only arise when players play at unlicensed casinos, but this is a risk that the player has chosen to take.
Final thoughts on casino payouts
At the end of the day, casinos will payout. Some may have longer processing times than others, but if you are signed up to a reputable casino, you should have no issues. Players should make sure they abide by the terms and conditions set out by the casino too — trust goes both ways online.