Does covering user withdrawal fees work better for casinos?

[shield132]

Do you remember good old days on Bitsler when we had the option to pay 0.0002, 0.0004 and 0.0006 (slow, medium, fast) withdrawal fees? Those were tiny amount back then and now it's a huge amount of money.

Yea i remember. I still feel like the casino should cover the wd fee. They could use a wallet that allows multiple transactions in 1 tx and save money. Just process 20 wd at once. I really don't like having to pay a fee to send money to a site and having to pay money to take my money off a site. Are all gambling sites USA based where everyone gets fucked in the ass by taxes?

I agree with you, I still feel like that. When I deposit money and I know that the house edge and RTP give the casino a guaranteed profit, I would really appreciate it if they let me take my money back, what's left, without paying additional fees.

When it comes to withdrawals, casinos have two types of business model:

1. Pay user's withdrawal fees out of their own pocket
2. User pays fixed withdrawal fee

The first model is way too easy to abuse, which makes casinos using it look highly suspicious.
They start seeing abusers everywhere - even though they’re the ones creating the conditions that attract them in the first place.
Honestly, it would be much better if they just introduced a fixed withdrawal fee!

It's not too easy to abuse with the right rules. Many casinos have a minimum withdrawal amount limit, which means that you can't withdraw any amount at any time for free and I believe that this rule is fair. There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned.

[Raflesia]

Whoever they are, when they have more benefits, they will make that their top choice, and the same goes for the withdrawals offered.

There are several sites that I still play on today, and there are always some differences when making withdrawals, and obviously my choice will fall on the one that offers greater benefits. No one wants to pay more if there is an option that suits them and is beneficial to them.
This can also serve as a comparison and adjustment for the site, as such details, though seemingly minor, are significant, especially for player preferences.
While some perspectives may differ, particularly regarding other services and popularity, offering small advantages to players can certainly attract the majority of gamblers.

[virasog]

There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned.

That wagering rule is for some purpose. If there is no wagering requirement, some people may use the casino for money laundering purposes. They can still use it for that evil purpose but at least they have to fulfill the wagering requirement and risk their money. Additionally, if you can deposit money into the casino and then withdraw it to a different address, many people will use this method as an alternative to a mixer. With a mixer, you have to pay a specific fee but here, you can achieve a little bit of mixing but without any fees 

[Hispo]

There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned.

That wagering rule is for some purpose. If there is no wagering requirement, some people may use the casino for money laundering purposes. They can still use it for that evil purpose but at least they have to fulfill the wagering requirement and risk their money. Additionally, if you can deposit money into the casino and then withdraw it to a different address, many people will use this method as an alternative to a mixer. With a mixer, you have to pay a specific fee but here, you can achieve a little bit of mixing but without any fees 

I mean, casinos are traditionally used by criminal syndicates to try to launder their money and they still use crypto casinos for this porouse even today, that is why it would be counterproductive for staffs of casinos to allow people to withdraw without paying a minimum fee and also not having a minimum wagering requirement, in order to keep criminal launderers at bay at away from their platforms.
I recently I saw a documentary film, in which the narrator explained how there are some specific casinos on the internet which use video game skins and other centralized digital assets to launder money, it is quite interesting and also explains why sometimes casinos (regulated ones and fully complying with laws) will ban accounts participating with suspicious patterns of deposits and withdrawals.

[shield132]

There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned.

That wagering rule is for some purpose. If there is no wagering requirement, some people may use the casino for money laundering purposes. They can still use it for that evil purpose but at least they have to fulfill the wagering requirement and risk their money. Additionally, if you can deposit money into the casino and then withdraw it to a different address, many people will use this method as an alternative to a mixer. With a mixer, you have to pay a specific fee but here, you can achieve a little bit of mixing but without any fees 

I mean, casinos are traditionally used by criminal syndicates to try to launder their money and they still use crypto casinos for this porouse even today, that is why it would be counterproductive for staffs of casinos to allow people to withdraw without paying a minimum fee and also not having a minimum wagering requirement, in order to keep criminal launderers at bay at away from their platforms.
I recently I saw a documentary film, in which the narrator explained how there are some specific casinos on the internet which use video game skins and other centralized digital assets to launder money, it is quite interesting and also explains why sometimes casinos (regulated ones and fully complying with laws) will ban accounts participating with suspicious patterns of deposits and withdrawals.

I think that when they were talking about criminals using casinos for money laundering, they were talking about old time when it was popular to launder money in physical casinos. I think that it's more like a myth today because today criminals have more better options for that. Btw some might still be using crypto casinos for that but casinos partner with blockchain analysis companies and when you make a deposit, it goes through their filtration.
Btw it has nothing to do with withdrawals without a wagering requirement. 2x wagering requirement can't stop money launderes from laundering, I believe that it's an excuse from a casino to make customers lose as much money as possible because if casino truly cares about the mental health of their customers, what if I deposit 1 Bitcoin, wagered 40% of it (lost it) and then I decided that it's better for me to withdraw to not get addicted or etc and then casino forces me to wager the rest in order to withdraw. I think that this behaviour does more harm than good.

[internetional]

The first model is way too easy to abuse, which makes casinos using it look highly suspicious.
They start seeing abusers everywhere - even though they’re the ones creating the conditions that attract them in the first place.
Honestly, it would be much better if they just introduced a fixed withdrawal fee!

It's not too easy to abuse with the right rules. Many casinos have a minimum withdrawal amount limit, which means that you can't withdraw any amount at any time for free and I believe that this rule is fair. There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned.

Oh, if only they actually followed their own rules! They set all sorts of rules for us, but then they can just decide not to pay out without following any rules themselves.

Especially if they’re so uninterested in keeping a customer that they’re willing to just ban them outright.

[Woodie]

From the number of casinos I have tried out, let's just say its a 50:50 thing... some don't mind footing the transaction fees probably as an incentive to its players while some have a standard fee of a dollar equivalent for most altcoins and other coins like Bitcoin are dependent on network fees at the time.

But does the casino covering withdrawal fees work in its intrest? Honestly,  if they keep this going for a long time then its either transaction fees are micro and doesn't hurt them but had it being  a $10 per person but they send out bulk transactions,  then they are the beneficiaries and it works for them.

[WhoYouCantKill]

Casinos that waive out withdrawal fees makes way for improved customer experience and may increase loyalty, particularly from smaller players for chose to keep their entire balance. When fees are reduced to relate with original network costs, lots of users take them, while inflated fees may seem unjust and drive customers to other websites. The free withdrawal method is a way to increase retention rate and deposit frequency because it eliminates friction point, though there isn't any generally announced result to any model profitable than another. For casinos, the option is between bearing the cost to make players happy and sending it on and risking the lose of customers.

[khaled0111]

But does the casino covering withdrawal fees work in its intrest? Honestly,  if they keep this going for a long time then its either transaction fees are micro and doesn't hurt them but had it being  a $10 per person but they send out bulk transactions,

Covering withdrawal fees is unlikely to hurt the casino's bankroll but it’s still an extra expense for them and we know that no business likes to spend extra money when it’s not really necessary.
However, we should also take into account how much they could earn (potential profit) if they offer this option! If they do cover withdrawal fees, then they will most likely attract more customers than other casinos that do not do it. This means more profit for them that can exceed what’s needed to cover the withdrawal fees.