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Question If you can cancel a withdrawal on a casino is it a bad casino for responsible gaming

Discussion in 'Online Casinos' started by ESCJAMIE, Sep 26, 2018.

    Sep 26, 2018
  1. ESCJAMIE

    ESCJAMIE Newbie member

    Location:
    Dudley
    Personally I would love all casinos to not be able to have withdrawn funds pending for up to 48 hours should be against some kind of law/rule set my gambling commission, If you still want to wait 48 hours before you approve it then so be it but dont make it so players have that urge to reverse it.
     
  2. Sep 26, 2018
  3. Gaz237

    Gaz237 Senior Member MM

    Occupation:
    Retired
    Location:
    chelmsford UK
    When you request a withdrawal, Set a time out on your account until the money has been processed.

    Or why not just play at casinos who do not have 48hrs pending.
     
  4. Sep 26, 2018
  5. ESCJAMIE

    ESCJAMIE Newbie member

    Location:
    Dudley
    I understand that but they shouldn't be allowed to if you request a withdraw you want the money, otherwise you leave it in your account, The whole reason of having it pending for 48 hours is to temp you to reverse it and lose it, which is morally disgusting by the casinos
     
  6. Sep 26, 2018
  7. goatwack

    goatwack Denny, two is great, but three is a crowd CAG

    Occupation:
    Stuntman
    Location:
    Londonia
    Yup it's pretty irresponsible by the casino but is a winning tactic employed by them. Of course 'flushing' used to be a thing whereby they'd make your winnings inaccessible, a great tool, but many have abandoned that idea.

    A few casinos are implementing 'locking' withdrawals (Rizk I think?) which is basically the same thing, although a lot of the better casinos pay rather quickly these days.

    Any casino that uses 48hr pending is quite outdated in these times, and generally shunned by most :D
     
  8. Sep 26, 2018
  9. slotter999

    slotter999 Senior Member

    Occupation:
    Player
    Location:
    UK
    Maybe the 'community' could get behind an idea like this. Maybe the community could refuse to promote casinos who indulge in this type of behaviour. Maybe players could simply refuse to play at casinos like that. Maybe pigs will actually one day.
     
  10. Sep 26, 2018
  11. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    Hey!

    Well, I do not think that is 'bad casino' if you can't lock WD.

    How it works on our platform and in our casinos (Direx):

    1) You request WD
    2) You can wait (wd times depends on the each brand obv, in our N1 and Lady Hammer we have set a time like 1 hour max, but sometimes can be little be longer).
    3) You can set wager limit, loss limit, deposit limit, cooling off etc - and you will not be able to lost your winnings.

    If you want to set it just before WD processed - you can always speak with our CS guys, ask them to lift off limits right after WD processed.
    Basically I think it is more than enough to give players control.

    Br,

    Vitali
     
    dunover likes this.
  12. Sep 26, 2018
  13. snorky510238

    snorky510238 Chief glockenspiel maker

    Location:
    Uk
    Why does it need to be pending for 48 hours full stop? Give me 1 good valid reason.
     
  14. Sep 26, 2018
  15. mariafbb

    mariafbb Newbie member

    Location:
    HKI
    I have exactly the same question. why some casino have almost instant withdraw and other dont...
     
  16. Sep 26, 2018
  17. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    But an hour or two for the withdrawal to be processed is fine, 48 hours is simply because a casino wants players to reverse.
    I have yet to see any argument for 48 hour pending periods that makes any sense. Casinos say 'its what customers want', no it isn't. In the majority of cases, if a casino processes a withdrawal in say 1 hour, the customer will have any wallet funds available straight away, debit card ones next day. If they want to keep playing, they can redeposit. They don't need a casino to dangle a carrot in front of them for longer than a withdrawal should take to hit your bank account.
     
  18. Sep 26, 2018
  19. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall

    Sometimes it's simply down to weekends (no processing) or simple volumes (I doubt it nowadays) but 95% is most certainly to exploit the 'feelgood factor' after a player wins, and then hope they spunk it back. The odds are on the casinos' side because there is a high likelihood that after a spike player RTP will take a nosedive after the big win(s).

    I have heard varying figures in the past ranging from 20-35% of pending withdrawals where the figure is 24 or 48 hours are ultimately spunked back, and therein lies the main reason.

    It's counter-productive as if a player does this it leads to rage exclusions whereas pay 'em quick they'll trust you and come back. This is why the best casinos have no pending, a very short one or allow 'locks' on withdrawals.
     
  20. Sep 26, 2018
  21. MaltesePlayer

    MaltesePlayer Experienced Member

    Occupation:
    Risk & Payments Analyst
    Location:
    Malta
    That isn’t exactly fair on Casinos. I work in payments and have had to cancel withdrawals millions of times. Either due to deposits not even having 1c wagered, documents expiring or otherwise not having been needed up to that point, so on and so forth.

    Yes locking withdrawals is nice but it’ll still lead to it being cancelled if something is missing.

    Someone mentioned instant withdrawals and why not all casinos implement it. The main reasons revolve around the risk that the casino is willing to take, say “anything less than 100” and with all docs in place, just confirm the withdrawal. It’s good for the larger ones that can afford to lose a few thousands a month on withdrawals that were dodgy, but extremely expensive for smaller ones.

    Regarding Vitali’s reply, I think it’s irresponsible for limits to be set and removed without following MGA/UKGC guidelines even if it is related to a WD. It also gives RG teams concern that a player might not be in control of his spending.

    I believe in the timeout method, if you can trust yourself to not spend it, in my eyes you have two options. Set limits on sign up so that you control yourself all the way throughout. OR time out for 24 hours, and keep doing so till you see it as completed on your end.
     
  22. Sep 26, 2018
  23. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    Well, to be honest I think there is couple of reasons why some brands still have 48 hours pending period:

    1) Old school management and team - it was okay to have 48 hours pending period and even more in like 15 years ago. Or 10 years ago. And seems like such management and teams have zero willing to learn something new, to getting some new info. Believe, I saw examples of such management and decision makers people... They just think it is okay and they do not want to open their eyes and see how market looks nowadays.

    2) Super-mega-awesome simple reason - to make people lose their winnings and increase revenue. Seriously, I believe it is main reason.

    Can't figure out in my head what else can be a reason...Nowadays processing of most withdrawals is like I've clicked button process - money is on your ewallet (ofc it is different for cards, bank transfers and some other options).
     
  24. Sep 26, 2018
  25. MaltesePlayer

    MaltesePlayer Experienced Member

    Occupation:
    Risk & Payments Analyst
    Location:
    Malta
    Clearly your brand doesn’t follow the rest of the world in the way it works. It’s a click button true but you have to check gameplay, payment methods, links, documents and everything else before it’s a done deal.
     
  26. Sep 26, 2018
  27. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    Hey mate!

    MGA sometimes strange, specially with their recent directives where they said like 'okay, if customer asked to set him self-exclusion, you can reopen his account again after at least 7 days passed'. Seriously, is this player protection? If I'm asking for self-exclusion, I do not want to be able to remove it, even if I will beg casino for this. But it is derail.

    Basically, it is not about checking WD for WR etc, it's simple question in this topic:

    Why casinos have 48 hours pending WD.

    And pretty much simple answer:

    Because they want more revenue, and because no one restrict them to do so.
     
  28. Sep 26, 2018
  29. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    Mate, seriously, where I said that we do not check withdrawal?

    Basically, to check account in 95% cases you need like a minute if you well trained and have enough knowledge. And we speak about 48 hours...

    WD checks are reasonable and must be in place, but it can not be counter-argument to 'why you guys have 48 hours pending period'.
     
  30. Sep 26, 2018
  31. MaltesePlayer

    MaltesePlayer Experienced Member

    Occupation:
    Risk & Payments Analyst
    Location:
    Malta
    It’s a term that’s there in case there’s a backlog in withdrawals. Case in point, casino I work for has a 3 day grace period. It’s there but we’ve never taken longer than a couple of hours to process. People here can attest to it, albeit I won’t mention the name of the casino but it’s accredited.

    It’s not about training alone. Sorry Vitali, you and I are gonna bump heads on this. It depends on a multitude of factors, some corporate, other practical based.
     
    homerbert likes this.
  32. Sep 26, 2018
  33. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    Agree mate, let's not derail. If by any case you will be on any future affiliate conference I will be more than happy to have a discuss about it with you in person :)
     
    MaltesePlayer likes this.
  34. Sep 26, 2018
  35. MaltesePlayer

    MaltesePlayer Experienced Member

    Occupation:
    Risk & Payments Analyst
    Location:
    Malta
    Looking forward to it if my managers ever decide to send me to one :D
     
  36. Sep 26, 2018
  37. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    I don't think the thread is about casinos such as yourself, who have a term but process quickly. All whitehatgaming sites take roughly 48 hours to process, always. It can be slightly less, but its always the second day, so if you withdraw at any point on a Monday it will be processed Wednesday. To me its counter productive, I won't reverse and I won't play there on a Thursday-Saturday as I know the withdrawal won't be processed till the Monday/Tuesday. Its rare I play there on a Wednesday either, simply as I know I won't get my winnings until the Monday. 5 days to get it when I can can play at Casumo (for example) withdraw at 11pm thursday night and have the money Friday 3pm.
     
  38. Sep 26, 2018
  39. JGslots

    JGslots Senior Member PABinit webmeister

    Location:
    Wirral, UK

    I can see what your saying mate, there are fees involved in processing deposits/withdrawals though and I expect casinos may want to keep those fees down. Would you consider paying those fees to get a quicker service?

    Withdrawal times don’t personally bother me, as I know the money is on its way.

    Rob :)
     

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