Every player can withdraw his/her winnings in 4 simple steps:
- Log in to your account and navigate to the Cashier section. It may be also called “Cash Out”, “Payment”, etc.
- Choose the withdrawal option that suits you the most.
- Fill in personal details and the needed banking information. In some cases, casino venues may even ask for a screenshot of your ID to prove your identity and the place of living.
- Enter the sum you want to cash out and press the Withdraw button.
That is basically it.
Consider Pending Periods
Transactions from all the Canadian online casinos usually take some time. So, do not panic if you have to wait for several days; it is okay as the betting operator has to process your request first. And the request processing time differs from venue to venue.
The vast majority of the time, withdrawing through digital mediums (like e-wallets or cryptocurrencies) is instant. On the other hand, bank transfers may take up to 7 working days.
Minimum Sum To Cash Out, Bonuses, And Withdrawing Fees
Every casino has its regulations on the minimum sum it can pay out. The lowest withdrawal allowed is 10 dollars. But only a little number of venues stick to such a regulation. The vast majority of the time, you have to wait for at least several winnings.
Talking about bonuses, we have to note that you can not monetize a bonus itself. You have to spend it completely within a certain time and a number of takeovers. And if you comply with all the terms and conditions, you may withdraw the money you have won while utilizing the bonus.
Remember that all casinos have their own terms and conditions. So, do not forget to check this section before placing a bet.
As a rule, online casinos charge players an additional fee for some withdrawing mediums. Of course, there are exceptions. CasinoChan, for instance, has no withdrawal fees. At the same time, banking providers may charge a 1% fee for transactions.
The Best Withdrawal Mediums For Canadians
Usually, casino venues offer a wide variety of payment options. However, not all of them may suit Canadians when it comes to money withdrawal. Therefore, you have to know the best methods for you.
- Digital wallets
EcoCard, Skrill, Click2Pay, and PayPal are the most common e-wallets in Canada. They are instant and secure.
- Credit cards
Visa and MasterCard are accepted in all Canadian online casinos. Other credit card options differ from venue to venue.
- Electronic fund transfer
This is the most frequently used option in Canada. However, you have to ensure your gambling platform is reliable as you will be requested to provide details on your bank account. And note that the transfer may take up to 10 working days.