Pending Withdrawals at Online Casinos
September 07, 2021
Among all online casino features, withdrawals are the most conflicting ones. The relevance of the issue pushes players to find gambling sites with simple and quick cash-outs.
Any casino platform has its rules regarding payouts. Not all punters bother reading them carefully, which results in payments getting delayed and canceled. Surely enough, it’s not always the customer who’s to blame - sometimes casinos hesitate to pay their players on purpose. In this article, we want to take a closer look at the factors that may impact your withdrawals. Also, we’d like to discuss what statuses your withdrawal request can have and what they mean. But let’s start with finding out what the “pending withdrawal” implies.
“Pending”: What Does It Mean?
Pending withdrawal means that your request for cashing out winnings from your gambling account has been received by the casino administration. However, the request hasn’t been approved yet. And the money still remains on your casino balance. The only thing you can do if you see “Pending” next to your cash-out status is wait until your request is processed. But for how long? Are there other request statuses? What do they mean? We’ll answer these questions.
How Long Does It Take to Withdraw from an Online Casino?
The withdrawal is processed on the basis of an application submitted to the casino administration. It can take several hours, days, or even weeks, depending on various factors. All payment mediums have different processing times. Let’s compare some of the most typical withdrawal methods:
E-wallets (Skrill, Neteller, Ecopayz,etc.) – the most convenient payment systems among gamblers. Funds are transferred to your account within 1-2 minutes. But there’s a drawback: if a player makes a withdrawal for the first time, this process can take several days since the player's identity needs to be verified by the payment system.
Check payments – a simple system for withdrawing using bank checks with one downside. When withdrawing funds, it takes at least a week (in some cases, a month) to deliver a check, and after receiving it, you’ll have to look for a bank to cash it out.
Why Do Online Casinos Take so Long to Withdraw?
The speed of withdrawals depends on the following factors:
a player’s status (high-rollers are served by a personal manager);
security software for online casinos;
terms and conditions of the chosen payment system.
The first withdrawal is always slow, but the next transactions will be faster when the customer's identity is verified. Reputable casinos warn about how long this procedure will take in advance.
In some online casinos, there’s a rule, according to which, the withdrawal time depends on the amount of the winnings. The smaller it is, the sooner the gambling site pays it out. For example, small amounts like $100 can be withdrawn instantly, slightly larger ones (around $1,000) – within a few days, but big winnings are withdrawn to players' accounts in 1-2 weeks. Usually, this time is required for the casino to collect the required amount and verify the player's details. However, it can also be done simply to keep the player on the platform. While waiting, the gambler would probably deposit and spend more money on casino games. Eventually, they will lose some. So, if you see that your withdrawal request is waiting for the platform’s approval for a few days, it means the casino just tries to keep you playing.
Processing vs. Processed Withdrawals
Players often get confused by the words processing and processed. A processing withdrawal implies that your cash-out request has been approved by the gambling platform. As a rule, it takes from half an hour to 24 hours for the website to process your request and verify your payment details. When the casino operator makes sure everything’s fine and the payment info you provided is correct, the sum of your withdrawal is deducted from your game account. Keep in mind that the request has only been approved by the casino, and the money may not have reached your bank account (or digital wallet) yet.
The “processed” status, in turn, means that your request has been completely fulfilled. The money should be in your bank account (or digital wallet) by this moment. In most scenarios, it takes at least 24 hours for the withdrawal request status to change from “processing” to “processed.” More precise information about timeframes can usually be found in the “Cashier” section or in terms and conditions.
How to Expedite Your Withdrawal?
There is no actual way of expediting the withdrawal time. Still, we have a few pieces of advice for you. First, submit withdrawal applications with small amounts. It may not seem profitable or time-efficient, but such applications are processed first. So, there’s a chance you’ll receive at least a portion of your winnings within a day.
The second tip is to study all the available withdrawal methods and choose the most suitable one. Practice shows that funds are credited instantly if they’re withdrawn to e-wallets. If you cash out to a bank card, then several days may pass between sending and receiving funds. But keep in mind that even if you pick the method with instant withdrawals, there’s still the possibility of a delay.