Does covering user withdrawal fees work better for casinos?

[michellee]

I don't mind paying transaction fees but I would love if casino can do that for me

I guess casino will pay the transaction fees if the fees is not too high. But they can ask their members paying the fees when it is increase or asking from the first time so their members will not feel bad.

Yes, @OP, I agree that casinos that pay withdrawal fees out of their pocket have more loyal customers. That is because their customers will not bother to pay any money instead just enjoy their withdrawal money.

It is how the casino can serve their members and make them become loyal customers.

[BitGoba]

I would love to know, which approach works better for casinos to increase their revenue and retain more customers? I feel like casinos that pay withdrawal fees out of their pocket have more loyal customers and their customers also deposit more money than those who don't pay user's withdrawal fees. Is there any statistics that either prove or disagree with my opinion? Is any casino representative willing to speak about it? It is a nice topic to discuss.

In my opinion, casinos that cover withdrawal fees show they value their players and tend to build more loyalty. As a user, I worry less about extra costs and can plan withdrawals more easily. Of course, fees should be fair and reflect real transaction costs. I’d love to see data on how this impacts player retention and casino revenue.

[yahoo62278]

I would rather a casino pay my wd fee as I have already paid 1 fee to deposit to their platform. It's almost like being taxed twice IMO. You have to pay a fee to play, you have to beat the house edge, and you have to pay to wd. Player is going to have to be extremely lucky to beat that long term.

[Tungbulu]

I would love to know, which approach works better for casinos to increase their revenue and retain more customers? I feel like casinos that pay withdrawal fees out of their pocket have more loyal customers and their customers also deposit more money than those who don't pay user's withdrawal fees. Is there any statistics that either prove or disagree with my opinion? Is any casino representative willing to speak about it? It is a nice topic to discuss.

In my opinion, casinos that cover withdrawal fees show they value their players and tend to build more loyalty. As a user, I worry less about extra costs and can plan withdrawals more easily. Of course, fees should be fair and reflect real transaction costs. I’d love to see data on how this impacts player retention and casino revenue.

I think not a lot of players pay attention to WFs, I mean it's not like the fees are a big deal, some withdrawal fees are just like a few sats, who worries about a few sats for fees when you're withdrawing more, I don't. Except maybe I see the WF is much then I can feel like the casino is actually cheating me for requesting me to pay the withdrawal fees.

[gunhell16]

I don't mind paying transaction fees but I would love if casino can do that for me

I guess casino will pay the transaction fees if the fees is not too high. But they can ask their members paying the fees when it is increase or asking from the first time so their members will not feel bad.

Yes, @OP, I agree that casinos that pay withdrawal fees out of their pocket have more loyal customers. That is because their customers will not bother to pay any money instead just enjoy their withdrawal money.

It is how the casino can serve their members and make them become loyal customers.

I didn't see anything wrong if a casino in the crypto space field would cut down on their players using their gambling platform. It is also normal for their costing on the website that they
have for their casino players.

You will wonder if there is no other transaction fee's that the casino is asking for players to play in their casino games online, as it is more doubtful, as it is one of the reasons
for their online casino. That's why all the casinos have to do.

[manbitcoinlover]

I think that if a casino offers no withdrawal fees, it can only benefit the players using it. Even some highly regarded books only do free withdrawals once per month,
which means that having constant or always have free withdrawals for the user, it is surely a great benefit. With crypto this can be negated quite easily, although bitcoins transaction fees did go up, for other currencies transaction fees are extremely low its almost like there are none, like for doge coin.

[Japinat]

I would rather a casino pay my wd fee as I have already paid 1 fee to deposit to their platform. It's almost like being taxed twice IMO. You have to pay a fee to play, you have to beat the house edge, and you have to pay to wd. Player is going to have to be extremely lucky to beat that long term.

Withdrawal fees aren’t really a big deal for me, I don’t see them as something that would seriously affect my chances of winning. But of course, if there’s a casino that doesn’t charge any withdrawal fees and still has a solid reputation, no doubt any gambler would pick that. It’s pretty much a no-brainer.

[Wapfika]

Withdrawal fees aren’t really a big deal for me, I don’t see them as something that would seriously affect my chances of winning. But of course, if there’s a casino that doesn’t charge any withdrawal fees and still has a solid reputation, no doubt any gambler would pick that. It’s pretty much a no-brainer.

Same here, I don’t consider much withdrawal fee since it’s very minimal although there’s some time that I consider it specifically when Bitcoin network fee becomes expensive while my funds on casino is on Bitcoin which is already trapped inside.

Sportsbet and sister companies are some of the popular brand with free withdrawal fee. However, many of the top brand has withdrawal fee yet many players choose for it because of much better bonus and other benefits on their VIP.

[2Pizza410000BTC]

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

We definitely have to pay that fee to withdraw money from the casino platform. I have not seen any casino platform that charges a withdrawal fee so far. The withdrawal fee may be much lower on all the trusted casino platforms, but we definitely have to pay a fee to withdraw money. But can you show us all the casino platforms where the casino platform charges a withdrawal fee?

[danadc]

Oh yes there are casinos that pay the fee while some are not. But those who didn't pay for the gamblers take small percentage from the gambler's account to process the transaction.

If we look at this from a more fair perspective, that would be the way it should be right? Because if we play and play with BTC when the withdrawal fees are high , we should accept this but sometimes, to avoid the withdrawal fee, we keep playing and we can lose everything That's happened to me, and it's infuriating, and it's all precisely to avoid paying that fee.

I've seen some casinos that accept that fee, and they're very good casinos We can't demand something similar from casinos that are just starting out or haven't been around for long because it's a huge effort.

[Dunamisx]

Withdrawal fee shouldn't be a serious challenge for us and even the gambling casinos, because we should be able to afford the charges the same way the casinos may be willing to make it free for us or demand for a little token less than a dollar as transaction fee, but as i do advise, its more logical that we first make search about a gambling casino to see what is in there, their terms and conditions, withdrawal fee, kyc and the likes top prepare our minds towards what to expect.

[The Cryptovator]

For me, it's okay to pay withdrawal fees if they are very low and near to real life cases, like, if the fee of average Bitcoin transaction is $0.50 and casino charges me that, I'm okay with that. If the Litecoin withdrawal fee is $0.01 and casino charges me $0.50, that's not okay for me. I prefer fair fees for every kind of cryptocurrency.

Casinos actually don't charge you withdrawal fees. Rather, they call it withdrawal processing fees. I believe withdrawal works like exchange; they make multiple withdrawals on the same transaction. Means it will cost more or less. But often they fixed the withdrawal fees from users. This is their business as well, like exchanges. They know very well when a user makes a deposit, they will withdraw as well. So they earn even from your withdrawal. I don't think there are any casinos that don't charge withdrawal fees. Fair fees won't be expected from the casino, which means network fees.

[Hispo]

Withdrawal fee shouldn't be a serious challenge for us and even the gambling casinos, because we should be able to afford the charges the same way the casinos may be willing to make it free for us or demand for a little token less than a dollar as transaction fee, but as i do advise, its more logical that we first make search about a gambling casino to see what is in there, their terms and conditions, withdrawal fee, kyc and the likes top prepare our minds towards what to expect.

I do not think the problem is actually people being able to afford to pay for those fees or now, to be honest, in the end if one is a gambler one is supposed to have spare money to gamble away without having any negative consequences upon our life, that is logical so of I as a gambler can afford to lose 10$ in a single session, then it should not be a problem for me to pay 1$ for withdrawal fees in the main Bitcoin network. Though, when we talk about paying fees in other networks like Solana, Matic/Pol or Tron network a fee up to 1$ would be an exaggeration for a casino with have a good liquidity.

Casino are not exchanges and are to supposed to profit from withdrawals made by their gamblers. If a casino needs to profit off them in tat way, then I would put their bankroll and liquidity in doubt, I would even call it a red flag.

[panjul07]

For me, it's okay to pay withdrawal fees if they are very low and near to real life cases, like, if the fee of average Bitcoin transaction is $0.50 and casino charges me that, I'm okay with that. If the Litecoin withdrawal fee is $0.01 and casino charges me $0.50, that's not okay for me. I prefer fair fees for every kind of cryptocurrency.

Casinos actually don't charge you withdrawal fees. Rather, they call it withdrawal processing fees. I believe withdrawal works like exchange; they make multiple withdrawals on the same transaction. Means it will cost more or less. But often they fixed the withdrawal fees from users. This is their business as well, like exchanges. They know very well when a user makes a deposit, they will withdraw as well. So they earn even from your withdrawal. I don't think there are any casinos that don't charge withdrawal fees. Fair fees won't be expected from the casino, which means network fees.

In fact there are many casinos charge an amount much bigger than what is used for that is called by processing fee, so in this case they take some amount for the withdrawal process.
You can use this thread Table Withdrawal Fees and Withdrawal Amounts on Crypto Casinos for reference about most casino's withdrawal fee.
If you look at the table, there are many casinos that charge until few hundred dollars just to process bitcoin withdrawal.

[YOSHIE]

Does covering user withdrawal fees work better for casinos?

As far as I know online casinos, if you withdraw funds in the form, network.
BTC  - Bitcoin
ETH  - Ethereum (ERC20)
BSC  - BNB Smart Chain (BEP20)
POL  - Polygon
SOL  - Solana

It seems that everything is clear and I think the crypto casino does not want to bear the costs charged by the network I mentioned above.

Although the cost is fairly low such as a sole or BTC network, only 0.5 sole and 0.00001571 BTC, but if it multiply 1000 users make withdrawals every day, I think the casino does not want to be responsible for it.

But one side, yes, if the casino wants to bear the burden of the cost, maybe some gamblers are happy, but the casino does not think of just one person, thousands are not good ideas for casinos, for us yes.

[Odusko]

With just a few of 0.10cents you can withdraw any amount of money from stake without and issues, and not only stake alone, we also have some other casinos that are popular here in the forum that have such same fees schedule and for whatever reason I haven't seen any casino that pay for fees for the player and seriously I will like to see one of such cryptocurrency casino that covers fees for their players.

[Bitcoin Smith]

I remember there was time when casino had static and dynamic fee structure for withdrawal of crypto especially bitcoin but they are higher than the transaction fee because they name it as withdrawal fee, just like how exchange charge $20 fixed withdrawal fee.

But nowadays most casinos allows free withdrawal especially for altcoins because the actual TX/gas fee is not that much but you can't ignore the minimum withdrawal amount that will be there for every crypto.

[Lida93]

All are business strategy to attract customers when a casino isn't taking withdrawals fees, but in all what I really take into account before all else is the reputation of the casino, and then their withdrawal speed. But it's an advantage to the gambler that he gets to use a casino with a free withdrawal fee, in that way you are sure of getting back all your money in one piece. But should a casino charge for withdrawal fees it shouldn't be something high, anything below $0.50 fee charge seems okay for me.

If the fees are affordable, then it’s an expense they can handle. After all, there’s something called a rollover requirement, meaning you need to wager 100% of your deposit so the system won’t be abused. Though some casinos allow withdrawals even without completing the full rollover, eventually they’ll notice the pattern in your activity and you might get flagged.

For big casinos the fees are nothing they can't handle for free if they wish to, but some don't just see it as a part of a strategic means to attract customers especially when they already have the reputation and large traffic flow. For what I have experienced from the few casinos I have used, their wager requirements for a 100% are mainly for bonuses not for deposit. For it doesn't make sense that a casino should request for a compulsory 10% wager from customers deposit.

[Kavelj22]

I also prefer the casino to pay that fee, especially when Bitcoin withdrawals are made and there's a lot of congestion because prices go up at that point but most casinos have had a low fee that can be paid, another option is to charge a fee but allow an internal exchange where you can convert it to a stablecoin. This is important but since I like to play at a casino where I feel comfortable , what I look for first is that Once I'm comfortable, I think a fee can be paid without any problems.

Any casino is a business that will do anything to make money from its customers so that it can keep running. To put it another way, gamblers also want to withdraw their entire winnings from the casino at the lowest possible cost, so they want the casino to pay the transaction fee.

Some casinos do not pay the fee, while others do. However, in order to process the transaction, casinos who did not pay to broadcast withdrawal transactions deduct a small percentage from the withdrawable amount not from main balance to be clear that they only pay network fees nothing more.

[Josefjix]

I, as an user, prefer to gamble on a casino that pays my withdrawal fees because I feel like I'm treated better.

There's no one in this world want to spend more than what it should be except they're an idiot.

I kept thinking if there is any casino that pays every users withdrawal fee, I doubt there should be any available in the market. What exactly is the point of doing business and getting more profit for site maintenance and others if withdrawal fee can't be a priority, it's not ethical at all except it should be a promo for newly registered account to allow withdrawals without fee on the first three times.