You may have heard some people say that online casinos are way too slow. But they just don’t get it: online casinos have to pay out winnings quickly, right? But you first need to learn something – it’s not just an issue of how long it takes to play online games, but also how long it takes for you to get your casino payouts as well, so read on to know more about it.
It Takes Time For The Casino To Send You Money
While your winnings are sitting in the online casino’s account, they may not be able to send them out right away. The reason for this is that most casinos use third-party payment processors who handle all of their transactions.
These payment processors have strict rules about how quickly they can send funds, which means that sometimes your winnings could be delayed by a few days or longer, depending on where you live and how busy it is at any given moment with transactions being processed (e-wallets are also commonly used).
Online Casino Payouts Are Pretty Complicated Nowadays
With online casinos, you’re not just dealing with a single entity, as the process involves several steps that each take time to complete. The casino has to first verify your identity and make sure that you are over 18 years old; they also must verify that you aren’t a criminal or terrorist (or at least look into it). These things take time–and even more so when there’s more than one party involved in the transaction (e.g., credit card companies).
You Have To Wait For Your Winnings To Be Approved By A Bank
The online casino cannot just send your winnings directly to your account, even if it wanted to. The money has to go through the banking system first. This involves sending the payment from the casino’s bank account (which holds its own customers’ funds) over to another institution that will process and transfer it to yours at some point in time in the future.
The Casinos Don’t Want To Lose Money On Any Payout
If you’ve ever wondered why it takes so long to collect your casino payouts, there’s a good chance that it’s because of the way casinos handle their payouts. The truth is that most casinos have to be careful about how much they pay out since they can’t afford to lose money on one.
So for a casino to stay afloat and profitable, its owners need players who come back again and again – and those players are going to keep coming back if they’re treated well by staff members, offered excellent customer service, and provided with great deals on new games or bonuses (or both).