Once a player has established a strong working relationship with an online casino site and built their bankroll to a certain level, the player may be ready to cash out some or all of their winnings.  In a land-based casino, you would take your chips to the cashier’s cage and immediately exchange them for cold, hard cash.  Obviously, the mechanics of such a transaction stray from this model in the online casino arena.  While the deposit process is nearly instantaneous, the step to receiving a withdrawal from your account may take more time.

If you are connected to your regular casino site, you can click on the “Cashier” or “Withdrawal” button.  The subsequent form will ask you to confirm your contact information (name, address, phone number, e-mail address, etc.) and ask you to enter an amount to withdraw from your account.  Unlike many financial institutions, most online casinos do not require a minimum balance to maintain an account.  You will always have the option of emptying the account, playing only the free play-money games and making a new deposit at a later date without losing your account data.  However, you can only play the real-money games if you have a positive balance in your account.  Many real-money games require a minimum balance to insure that you have a sufficient bankroll to continue playing. 

The next step is to select a payment method.  Methods vary by speed, availability and transaction fees.  Most transaction methods fall into these major categories:

• Credit Card.  The online gaming site adds the amount withdrawn directly to your credit card account.  Transactions usually appear on the credit card account within two to five business days.  Most withdrawals by credit card do not require a transaction fee or a minimum withdrawal amount.


• Bank Transfer.  The online gaming site wires the amount withdrawn directly to your bank account.  Transactions usually appear on the bank account within two to five business days.  Most withdrawals by direct bank transfer do not require a transaction fee or a minimum withdrawal amount.


• E-wallet.  E-wallet accounts are handled by third-party sites (such as NetTeller and Click2Pay) that pass account information between the bank account and the online gaming site.  Such sites are among the most popular method of account management for online casino players.  Transactions usually appear on the e-wallet account within two to five business days.  Most withdrawals by e-wallet do not require a transaction fee or a minimum withdrawal amount from the online casino site.  However, some e-wallets may require transaction fees, so you should read the terms and conditions for your e-wallet site.


• Bank Draft/Check:  The online gaming site processes a paper check or bank draft and sends it by mail.  With such high overhead costs and time delays on this process, this is usually the least-favored option.  Also, most sites require a minimum withdrawal amount to insure that they can cover these costs.  Players usually receive paper checks with in two to four weeks of a request, but some sites have been known to take even longer.

At TiredCasino.com, we encourage all of our visitors to research their online gaming sites and withdrawal possibilities to help them choose which option is right for their situation.  Have fun and good luck!