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Withdraws To Web Wallets Should be instant

Discussion in 'Online Casinos' started by DarkMage, Sep 21, 2010.

    Sep 21, 2010
  1. DarkMage

    DarkMage Experienced Member

    Occupation:
    Bond Fund Investor
    Location:
    USA
    In my opinion if you deposit with a web wallet and withdraw to the same web wallet and you have all your documents on file the withdraw should be INSTANT instead of 24-48 hours(at best)....

    I mean what are they doing with your withdraw? It takes 2 clicks for a casino to pay a withdraw to a wallet instead they just let you stare at it for up to 48 hours.

    There is 0 excuse for waiting more then 5 minutes for a withdraw to the web wallet in my opinion and if more watchdog sites required that casinos pay to web wallets in 24 hours or less for listing on their site we could get a shift in the industry.

    Checks and bankwires are different for obvious reasons.

    This practice of "reversing" your winnings that has become commonplace in the casino world should be abolished...
    :thumbsup:

    I understand that SOME casinos do pay to web wallets in less then 24 hours....but I like to play at dozens of casinos and most of them do not. Sportsbooks seem to have this down, I can request a WU or MG and then hop on live chat and get the information to go get it within 5 minutes, why can THEY figure it out but every RTG and Rival casino can't....?
     
    4 people like this.
  2. Sep 21, 2010
  3. TechnoBoy

    TechnoBoy Dormant account

    Occupation:
    Student
    Location:
    Macau
    I think some online casinos will take time to review your account like betting history , etc... before paying you
     
  4. Sep 22, 2010
  5. liquuid_fusion

    liquuid_fusion Meister Member PABnorogue PABnononaccred2 PABaccred

    Occupation:
    Student
    Location:
    UK
    I suspect the non-instant nature of webwallet withdrawals is 100% to do with the "reverse withdrawal" feature, and the added value the casino gains from it.

    There's no excuse to leave a withdrawal sitting for 4-5 days before processing.

    Some casinos do offer instant withdrawals, or have done in the past. Ladbrokes used to be instant but now takes around 6 hours.
     
  6. Sep 22, 2010
  7. Jasminebed

    Jasminebed Closer to 100 than Birth

    Occupation:
    Not in workforce
    Location:
    Ontario
    Well, instant is good, but someone has to process that withdrawal. And I don't always think it is practical to process every withdrawal instantly. If withdrawals are processed within 12 hours, I'm a pretty happy camper.

    If you combo withdrawals within 12 hours with flushing, I think you are managing your staff resources, and not out to fleece me.

    But part of what I want to do with money I win is gamble again. So if you process quickly, you are one of my first deposit choices, possibly my only deposit choice if my bankroll is small.

    And if you process my withdrawal promptly, and I am not restricted from depositing with a pending withdrawal, you might just find you are my next choice since my luck was good at your casino.
     
    1 person likes this.
  8. Sep 22, 2010
  9. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    I have had to query withdrawals that seem to have gone wrong, and what I have learned is that casinos do NOT process withdrawals individually. What they do is batch together withdrawals for a particular payment method, and run a batch payment process on a regular basis. Some casinos only do this once per day, others maybe twice or more. JF used to have three Neteller batches, but it seems fewer now that they have lost US and Canadian Neteller depositors. I now think they only do one, maybe two, and not always at the weekend.

    Casinos that DO offer near instant withdrawals to webwallets are treating each withdrawal separately, rather than batching them together.

    It is going to be CHEAPER to run a batch of withdrawals, and the reverse time also saves money because if a player reverses a withdrawal rather than depositing again, two lots of processor fees are avoided to the benefit of the casino.

    2 days to webwallets is the most usual I have experienced, a 24 hour reversal period, followed by payment in the next available batch. Where there is only one batch per day, this can make it seem like 3 days has been taken to pay.
     

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