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If you’ve used an online casino or gaming site, you’re already familiar with the process of creating an account, adding funds and getting the fun underway by playing a few games. This is all well and good, but what if you win big? You’ll probably want to withdraw your winnings, but how? What are the options for collecting online winnings and which one is right for you?

With that in mind, here are some of the top methods of collecting or withdrawing money online, along with some of primary features and benefits, and pros and cons of each so you can decide.

Payment Card

In most cases the casino sites you use will allow you to withdraw cash, as well as make deposits, using a debit or credit card linked to your bank account. VISA and MasterCard are the most widely supported payment card platforms. It is unusual to find an online gaming site that accepts other types of credit cards.

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The one downside to using a payment card as a withdrawal method is that it can take several days for the funds to pop up in your account. Reputable casino sites like Casumo are honest with users, citing a wait of up to 5 business days. This website is dedicated to Casumo guides, so head there for more information on card withdrawal options.

Skrill

This digital money transferring service has become one of the most popular solutions for online casino withdrawals since it was launched—racking up millions of users in many countries and boasting impressive levels of security.

What makes this more appealing is that Skrill also makes it easy to swap funds from one currency to another, so if you want to take money out of a casino site that uses a foreign currency, this service ensures that it is straightforward.

Another perk of Skrill is that transfers occur instantly, so as soon as your withdrawal request is approved by the casino, the money will pop up in your account and you are free to use it as you see fit.

Neteller

Security is at the heart of Neteller, which is a platform that not only focuses on handling money transfers, but also helps you buy with confidence at thousands of sites. So if you want to cash out after a win at an online casino, this is a solid withdrawal method that will also keep your identity safe and prevent fraud in the process.

With tie-ins linking it to mainstream payment card providers including VISA and MasterCard, there is plenty of flexibility when using Neteller. And since it is FCA-regulated, you can place your trust in it without fearing that anything untoward will happen to your money or your personal info.

Paysafe

Paysafe is actually the parent firm behind Neteller but is also available as a distinctly branded platform that is not only used by individuals, but is also a favorite of many commercial customers.

Those who sign up for a Paysafecard can not only use this to make withdrawals from casino sites but can also pay into their accounts so that they can keep the slot machine reels spinning and the poker chips stacking up in the virtual space.

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There is no need to even have access to an existing bank account or payment card in order to set up an account with Paysafe, which obviously gives it the edge over some of the alternatives.

Bank Transfer

If you want to transfer funds from an online casino service directly into your bank account, this may be offered as an option, depending on the operator.

The upside of opting for a bank transfer is that you do not need to sign up with any of the subsidiary services mentioned so far in order to get the ball rolling. However, there are a couple of downsides to consider.

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First, there’s the delay. You can expect to wait a minimum of one and a maximum of five working days between requesting a withdrawal and actually having the money make its way into your bank account.

Second, there’s the security issue. You may not want to give your account and routing information out to a third-party site.

Making withdrawals from online casinos is surprisingly flexible and can be very secure. Just ensure that you are aware of the ins and outs of each method we’ve covered and choose the option that works best for you.

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How do i cash out winnings from online casinos?

If you’re asking this question, chances are you haven’t made a deposit yet, and are curious about the process before investing. Or, it could be that you didn’t think that far ahead. You’ve deposited, you’ve won some cash, and you want to get paid! Ether way, this simple, step-by-step guide will teach you how to cash out online casino winnings from iGaming websites.

Important Note: If you haven’t registered an account and made a deposit yet, we do have some quick but critical advice. Only play at highly reputable online casinos that are licenced and regulated. Otherwise, your withdraw could arrive much slower than advertised, or worse, never arrive at all. Regulation and reputation means everything in this business!

How do I Cash Out Winnings from Online Casinos?

First things first, if you claimed a deposit bonus and won money while using those free credits, make sure that you’ve cleared the wagering requirements (WR). Read over the terms of the bonus. If you attempt to withdraw before meeting WR, you should be notified of this when trying to cash out. Requesting a withdraw before meeting WR will forfeit the bonus and winnings derived from it.

Step 1: Visit the Cashier

When you’re ready to withdraw, use the menu button on the website or mobile casino app to navigate your way to the cashier section. It may be listed as ‘Cashier‘, ‘Banking‘, ‘Cash Services‘, or ‘Deposit & Withdrawal‘.

Next, look for the cash out option. Again, it may say ‘Withdraw‘, ‘Cash Out‘, ‘Request Payment‘, etc.

Step 2: Choose a Withdraw Method

Most internet gambling sites will offer a plethora of payment methods to cash out online casino winnings. Others may only offer a few options. Either way, you’ll need to look over the available methods and decide which best suits your needs.

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If possible, it’s recommended to use the same payment option you chose when depositing. This tends to speed up the process, but is not necessary.

Typical withdraw options include credit card (but only up to the amount previous deposited), debit card, bank wire, bank transfer, web wallet (ecoPays, PayPal, Neteller, Skrill, etc.), or cheque by mail. Some methods are faster and/or cheaper than others, so be sure to read the details before committing to your choice.

Step 3: Submit the Cashout Request

Fill out any required information, including the amount to be withdrawn. Clear instructions will be provided. Follow them closely and you’ll get through this in no time. Click the button the submit, and it’s almost over!

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Step 4: Verify Your Identity (if applicable)

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If you haven’t done so already, you’ll need to verify your identity before the casino can process your first withdraw. You only have to do this once, and although it is a bit of a pain, it’s a necessary security feature that maintains the operator’s regulatory compliance, and protects players from identity theft.

You’ll be asked to provide two forms of identity verification. These usually include things like a government issued photo ID (driver’s licence, passport, etc.), and a utility bill showing your name and address; (same name/address you registered your account with).

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These scan these documents and upload the directly, or email them to the casino’s support desk. Once verification is complete, you can cash out winnings from online casinos anytime.

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