Payout Delays: Casino Withdrawal on Hold: Reasons Why This Could Be

Playing at an online casino is full of excitement and anticipation and the only thing better than winning is cashing out your winnings at the end. However, this process can come with some delays, making it very frustrating for players. Let’s have a look at a few reasons why your casino withdrawal is on hold or delayed.

Five Cases When Your Casino Withdrawal is Not Going Through

Deposits at most online casinos are generally instant, and you can start playing your favourite casino games without having to wait. Withdrawals, however, can take a few days to process, and players become very impatient, wondering why their casino withdrawal is not going through.

There are many reasons that could be the cause of the casino payout delay, including security checks, banking processes and payment methods, provider limits, account verification, and a pending period.

Security Checks

Probably one of the main reasons for your cashout to be on hold at a casino is for security checks. If you win a large sum of money, the casino needs to ensure that you are indeed who you say you are when it comes to cashing out. You might need to go through a process to confirm your identity, which can take some time.

There are also strict regulations in place to prevent money laundering. A significant sum of money being cashed out may need to be reviewed to ensure it is not part of any money laundering scams.

Banking Processes and Payment Methods

Each payment method comes with its own processing time, some longer than others. Bank transfers generally take the longest due to the interbank processing times. Along with the payment methods processing times, each online casino will also have procedures that play a role in the overall processing time. The times can vary from 1 up to 7 or more business days.

Provider Withdrawal Limits

You will find that most online casinos will have withdrawal limits. These can impact your processing time and may be the cause for your casino withdrawal to be on hold, especially for larger amounts. The limits help the casino manage its cash flow and meet regulatory requirements. Make sure you know what they are before you try to withdraw.

Account Verification

When you make your first withdrawal, or if it is a significant amount you request to cash out, you might be asked for additional verification. This can cause your casino withdrawals to be delayed. It will require you to send copies of documents such as your ID, a photo, proof of address or copies of your bank card. This step is put in place to prevent fraud and to make sure that the correct person is in fact receiving the funds.

Pending Period

A few online casinos will have a “pending period”. This is a time where your withdrawal will still be reversible if you happen to change your mind. When the pending period is over, the casino will then only process the withdrawal. These times vary from one casino to the next and can range from a few hours up to a few days, which could be the cause of a cashout on hold at a casino.

Conclusion

You can see that many different factors can affect the withdrawal process, and your casino withdrawals are delayed as a result. You must be aware of these and make sure you have done all the necessary verification procedures before trying to make a withdrawal. Prioritize your safety and try to remain as patient as possible when withdrawing.