Why does some casino allow fast deposit and delay withdrawal.

[suzanne5223]

I like this question because it touches on an angle that's important to every gambler but to answer your question a couple of things need to be clarified.
Deposit of funds are easy because the casino is receiving money, and there’s almost zero risk for them. All they need to check is the sender's wallet AML scoring software to identify regulatory and illicit of funds.
Meanwhile, withdrawals are the opposite because the gambling platform is sending funds out, before it happens, they need to check bonus terms, account behaviour, large-win review, the highest daily withdrawal limit, etc. That's why the process is not as fast as deposits.

[YOSHIE]

One of the things that gamblers always complain about is the fact that they can deposit and it will reflect in the casino very fast however, when they place withdraw it will take a very long time for it to drop.

Yes, you have mentioned the points in the thread, that's exactly what happens, in short, basically in general, online casinos treat the deposit process as usually taking place instantly, of course this situation will be entered into the casino account in a matter of minutes, different from the withdrawal system, legal compliance, risk management, a combination of business strategies will certainly influence the withdrawal process, such as several points you mentioned, for example KYC verification, blockchain and so on, it is not surprising that we often see users choosing to gamble at online casinos that implement an instant withdrawal system.

There are also other factors that can cause slow withdrawal processes at online casinos, usually the casino always checks the casino's security against fraudulent activities. This is often done by online casinos by checking for fraud before withdrawals are released.

[SFR10]

2. ‎KYC verification: after some KYC verifications have been done by you the casino takes time to go through it again.‎

But why? What's the point of repeatedly going over the submitted & approved documents before processing withdrawals?
^{- IMO, it's nothing but an excuse to delay withdrawals further!}

I am now starting to prefer those that bring KYC upfront to those that hide it and later use it against the gambler.

Same here, but concerning the latter part, there's a high chance of them mentioning such actions or even a hint of it if we thoroughly check their TOS ^{[something that a lot of users don't do (unfortunately)]}.

[Achalugo BTC]

When it comes to waiting for withdrawal honestly I am not too patient but I can wait for 2 to 4 hours, but 24 hours is like a decade Imagine after some loss and a gambler finally made a win, place a withdrawal that takes hours or day to reflect someone who is not patient to wait till the money lands will start having the thought that he has been scammed, I feel it will be better for everything to be verified or some details of the gamblers so when it is time for withdrawal they will not start doing such thing and delaying the profit made by a gambler to avoid losing their customers because things like this will discourage some gamblers from using such casino next time.

This is what happens to many gamblers, they don't have enough patience to wait for 24 hours before their withdrawal is processed. Which they think that the 24 hours feel like a decade, as their minds start racing and this might make many casinos start losing their customers, because customers like it when a casino act the way they expect. As that will build strong relationship between them. This is why gamblers ought to be careful when choosing a casino to gamble with, as that will prevent panicking if they find themselves in a situation like this.

[ruykeri]

When it comes to waiting for withdrawal honestly I am not too patient but I can wait for 2 to 4 hours, but 24 hours is like a decade Imagine after some loss and a gambler finally made a win, place a withdrawal that takes hours or day to reflect someone who is not patient to wait till the money lands will start having the thought that he has been scammed, I feel it will be better for everything to be verified or some details of the gamblers so when it is time for withdrawal they will not start doing such thing and delaying the profit made by a gambler to avoid losing their customers because things like this will discourage some gamblers from using such casino next time.

You are right. If the withdrawal time can be reduced as  the casino site seems more reputable. Especially, I normally think that the time it takes to deposit should be the same as the time it takes to withdraw. Waiting longer than this seems illogical to me. Because when I deposit funds on a casino site, it is a bit sad to accept that even if I deposit very quickly, the withdrawal time is delayed. If a user finds a new site, where the withdrawal time is noticeably shorter and all the other features are the same, then that person will change the site for betting and start using the new site. Because he is getting a little more benefit. A user can lose a lot of money, but he will come to bet on the same site again. But if he faces the same problem with withdrawal again and again, then that user will naturally be interested in betting on another site.

[GGGary33]

Casino's might have several reasons specially if you are withdrawing huge amount. One could be that they are reviewing if your win are legit or close to saying that they have to see if you didn't cheat us. Or they might say that withdrawals are not automatic, so once you punch it, it will go for a manual process. So they might be busy and processing a lot of withdrawals so you need to wait.

[Finebone]

I can wait for 2 to 3 hours but waiting for 24 hours before my withdrawal is being processed is a sign of the casino not actually being reliable.

A casino wasted a lot of time before processing your withdrawal do not make them unreliable as you are saying, because it may be that they are doing it manually, or one thing or the other made your withdrawal process to be slow, because even our traditional banks are like that. You can easily make a deposit into your account, but when it's time to withdraw your money, they will start stressing you before processing the withdrawal, if it's a large amount.

I mention liquidity problem and I think it's just similar to what you are saying here. Any casino that has a liquidity problem especially when they just started is a big red flag, because as a casino before you start operation you should have huge amount of money that is kept aside for winners.

If a casino wasted your time in processing your withdrawal doesn't mean that they have a liquidity problem, because so many factor may be the reason they are not processing it fast. And I would never see a casino as a scam casino just because they wasted time in processing my withdrawal, because shit do happens, and since I have worked in a finance department before in an organization, I wouldn't be here making any criticism because I know how all this things works, because any mistakes done may cost you your job, so they need to do it gradually if it is done manually.

[Nwada001]

Just think about it like banks, exchanges and every other centralized platforms, making deposits is always easy amd without much burden but when you want to take your money, you will be subjected to serious scrutiny to be sure that everything meets their conditions. I don't see a problem in this as long as the withdrawal is completed after the whole vetting processes. Casinos with instant withdrawal capabilities tend to boycott some of these processes unless the winning is big that will warrant manual vetting.

Those casinos which boycott those processes are the ones which have their customers' interests at hand. Unless there are suspicious activities on a player's account, I don’t see the need to delay withdrawal, especially when the casinos use an instant withdrawal system and not a manual one. Some usually just do it for delay purposes, not as if they found anything unusual, but because they don’t want the player to get the money off at ease.

[Agbe]

One of the things that gamblers always complain about is the fact that they can deposit and it will reflect in the casino very fast however, when they place withdraw it will take a very long time for it to drop.

The complains on withdrawal are much more higher than the complains of deposit. Thay is why it is not good to deposit big amount to a casino to play game and it is good to deposit small amount to test the two things. And in the process of using the minimal amount in the casino you have to observe things. How long the withdrawal takes and if possible ask them how long big withdrawal will take.

Op you have to know that there are other factors can cause the delay withdrawal. Do you also considering the region and the local currency too?

[Mrbluntzy]

5. ‎Manual approval

This is one of the most popular reason that some casinos usually give for delays in withdrawal that have already been initiated by the gambler. All the points you gave are not factor for delayed withdrawal but rather are problems that interfere with withdrawal eligibility, for example, the KYC problem which you mentioned, you can not initiate withdrawal in some casinos when you have not pass KYC. That's not about delay but it's about eligibility, it's KYC that can make you eligible to initiate withdrawal.

Security check and liquidity is a factor but Bonus wagering requirement is not because if you don't pass wagering requirement, you should not even expect that you will be allowed to initiate withdrawal.

[Hatchy]

1. ‎Security check: casinos will delay your withdrawal because they want to verify if you are the one actually withdrawing and no body hacked your casino account.

2. ‎KYC verification: after some KYC verifications have been done by you the casino takes time to go through it again.

I'm not going to agree with the first point you made. Casinos don't delay withdrawals to confirm whether you are the one requesting them. They do it to check whether you are eligible to receive your winnings. They review the games you played to see if you broke any rules or misused any bonuses. That's what they are actually checking, not whether you are the person requesting the withdrawal.What then is the purpose of KYC? Once you have completed the KYC process, which we already know isn't a good thing for players' privacy, casinos shouldn't give you unnecessary problems when withdrawing your funds. Casinos that make withdrawals difficult for players usually have something suspicious going on behind the scenes.

[Yeesha]

In the case of deposits, anyone can deposit any amount, there is no question about it, but when you withdraw any of your funds from a platform, it is verified whether you have gambled according to all the rules. And whether you have fulfilled the wagering requirements. Not all platforms can automate everything at the beginning of their business, due to which they manually verify the issues and in that case, it may take some time to complete the withdrawal. However, in the platforms that automate everything, you will see successful withdrawals within just a few minutes. And the bankroll of new platforms is small, due to which they review everything very carefully so that they do not lose their funds. If you do not like these, you should avoid new platforms that are already known as trusted platforms. In this case, you can withdraw as quickly as you can deposit.  However, a centralized platform cannot be guaranteed.

If that's the case, then I think there is nothing wrong with that. Just incase someone try to frame or scam you. Doing proper verification before giving someone the chance to withdraw money is a good thing, because sometime you will be able to know within the time when you are not actually the one trying to withdraw the money. So I don't think players should have any problem with that, because that is for their own good. The casino should not grant someone the permission to withdraw money with appropriate investigation. Some players will only understand the advantage of this, when they found themselves in such situation.

[Localhostspeed]

2hours to 4 hours is the max delays I have with withdrawal, I don't have an explanation why they do this but I don't care, it's understandable if casinos can't process all withdrawals at once, maybe that's the case here?

With what we saw last month with casino that were hacked, I think we need to be patient with this casino and how they work. The day Duelbits was hacked, different withdrawals were done as a result of what was not disclose. I think if there are some kind of delay on how payment are processed, that will be handled before it escalated. Not an excuses to take days but as long as you got your payment within 48 hours shouldn't call for alarm.

I think casinos have limited customer representatives compre to crypto exchanges? So humans are the one doing the withdrawal and if they are limited in numbers withdrawal will surely be slower because they have some careful checking to do first.

They don't have more customers because it's hard to experience a problem that requires customer representative. If a person is having problem with casino, know it is a technical problem which are handle by the technical team. If you experience a problem, the support can't do anything but to forward your problems to the team. This is why the employee less person for the role.

[Proty]

It is crucial for gambler to be able to differentiate when a casino is deliberately delaying withdrawal and when they are with holding their funds on purpose. Most of the things you made mention can actually be the reason why casino may delay withdrawal but not all delays can be caused by those reasons. When casino are constantly changing their reasons for delaying withdrawal and blocking an account after a big win this is something that real needs to pay attention to.
It is important to always check a casino history and it's reputation, in order to know if they can be trusted before depositing money with them. Casino will quickly process your deposit because they are looking for customers that will patronise their platform, it is during withdrawal that is when we can tell how reliable a casino is . The most important thing is being able to withdraw your money without any form of delay or stress.

[Itz-prisigold]

It is crucial for gambler to be able to differentiate when a casino is deliberately delaying withdrawal and when they are with holding their funds on purpose. Most of the things you made mention can actually be the reason why casino may delay withdrawal but not all delays can be caused by those reasons. When casino are constantly changing their reasons for delaying withdrawal and blocking an account after a big win this is something that real needs to pay attention to.
It is important to always check a casino history and it's reputation, in order to know if they can be trusted before depositing money with them. Casino will quickly process your deposit because they are looking for customers that will patronise their platform, it is during withdrawal that is when we can tell how reliable a casino is . The most important thing is being able to withdraw your money without any form of delay or stress.

All what you said is nothing but the truth, not all withdrawals delay are because of the reasons stated by OP.  There are some casinos that will make it difficult for players to withdraw their funds when they win a great deal of money. Is at the point of withdrawal they will start requesting for different kind of documents and start coming up with numerous excuses even after the player has fulfilled the necessary verification.

In some situations the account can even be closed, without the player getting their money.  This is why I believe a casino’s reputation and withdrawal history are very important before deciding to deposit money there.

[Bigjoe33]

I like this question because it touches on an angle that's important to every gambler but to answer your question a couple of things need to be clarified.
Deposit of funds are easy because the casino is receiving money, and there’s almost zero risk for them. All they need to check is the sender's wallet AML scoring software to identify regulatory and illicit of funds.
Meanwhile, withdrawals are the opposite because the gambling platform is sending funds out, before it happens, they need to check bonus terms, account behaviour, large-win review, the highest daily withdrawal limit, etc. That's why the process is not as fast as deposits.

Your points are okay. But for me, it's not a total satisfaction. They could still do something to make the withdrawals faster than it seems. The person who won will always send for withdrawals through his account. If there are verifications, the first to check is if it's the same acount that won that is applying for the withdrawals. Am not disputing any of your points here as to why there is a little bit of delay for withdrawals, but whatever it is, I believe it's just a negligence on the part of the casino to delay pay outs. For me, if I can deposit and it reflects immediately, then my withdrawals shouldn't also take a minute to reflect. They should do something about it.

[Z_MBFM]

snip

When you deposit money on a casino platform, they have no loss, rather it is a profit for them. But when you can withdraw money from there, it is a profit for you. Again, every casino platform has different types of hackers, abusers, and some fraudsters who constantly try to scam money from that platform and in that case, casino platforms verify every withdrawal very well. Especially platforms that are not very powerful and are in the startup stage take more time to complete the withdrawal because they handle things manually. That is why you may not get that smoothness while withdrawing as smoothly as you can make deposits on all platforms.

[PauloKoner]

Always wondered what the point of deliberately delaying a withdrawal is if they pay in the end anyway. Unless they count on the player getting tired and giving up before taking the money out. Does that actually happen?

[BALIK]

Once you have completed the KYC process, which we already know isn't a good thing for players' privacy, casinos shouldn't give you unnecessary problems when withdrawing your funds.

Having completed KYC does not necessarily mean that no further verification will be required in  future. Many casinos perform additional security check in the event of account takeover or unusual transaction. However, my objection lies elsewhere. If casino has already verified same document then they should explain why they are requesting those again for every withdrawal. If any further information is required then it should be specified exactly what information is missing. Giving players runaround by using generic security excuse is not the mark of any legit casino.

They can use risk based verification system. Automated processing in case of normal withdrawal, and targeted review in case of unusual activity. This will ensure security while also sparing all player from unnecessary friction. And in terms of privacy, casino should not ask for more personal data than is necessary.

[AmaGold70]

When a gamblers withdrawal is delayed, let it be for a genue reason, and should be within limited time frame. Should it be a case of verification, a gambler is surpose to do his verification before starting to gamble as those kyc gambling platforms requires it before withdrawal can be made. And a trusted casino should only do verification once, and not each time someone wins a bet they will request for new verification, and that is very wrong. So withdrawal shouldn't take more than necessary to reflect on the winner's account. Besides a good casino company will always enable effective communication while on the process of payment, this is to boost the winner's confidence, and continuity with the gambling company.