It is possible to win a million at every licensed online casino. However, the rules of payment of such prize funds have certain restrictions. A newcomer should familiarize himself with the peculiarities of the gambling club’s cashier’s office before entering the race for the jackpot.
Why can’t players get all the winnings at once?
Catching a payout of a million or more can be done in different ways. Modern virtual casinos offer slots with progressive jackpots, slot machines with high volatility, tournaments and lotteries, and crash games. However, no operator can pay out a multi-million dollar sum in one go. A new Australian online casino is subject to the rules of the license from the regulator.
The policy of the online club administration is understandable. The organizers of the platform need to ensure that each client receives their winnings by the specified deadlines. To do this will not be easy if the casino bank is empty.
Several customers can win a million in a day. To ensure fast money transfers, operators divide the prize amount into parts. Usually, the limit per day is 100,000. Therefore, it will take about 10 days for the established millionaire to receive the winnings.
The player himself can affect the timing of the withdrawal of winnings. It is done through the loyalty programme. Active casino customers for making deposits receive rating points. The higher the status of the account, the more can be withdrawn from the cashier to a bank card in 24 hours.
What do I need to do to withdraw the money I won?
Problems with payouts are not only due to the conditions and limits of the financial department. Every visitor to a licensed online casino must comply with certain rules.
To avoid difficulties in the transfer of payments, the user needs:
- Verification of personal data. The user can remain anonymous without problems. True, from such a profile it will not be possible to withdraw even a minimum payout. The cashier’s office accepts payments only from identified players. To do this, the user needs to fill out a questionnaire and take selfies with a passport or other personal document.
- Wagering active bonuses. It is possible to make an application for withdrawal of funds in the presence of an open prize function. However, immediately after this, the bonus balance will be zeroed out. In order not to lose the bonus advantage, the casino client should first fulfil the condition of the wager.
- The absence of a duplicate account. Winning a million, the administration of the gambling club can be blocked irrevocably. It happens when it becomes clear that the client’s online casino plays with two accounts. It is forbidden to create a second profile under another person’s name. Each visitor in an honest casino can have only one page.
These conditions are checked by an automatic robot. The player does not have to wait for manual verification. Only the client’s documents are manually analysed. Therefore, it can take up to 3 days to verify the identity.
What restrictions do payment systems impose?
In fact, it is impossible to withdraw a large payment from the casino cashier for another reason. Their restrictions are imposed by representatives of payment services. Today it is possible to withdraw money from gambling clubs to cryptocurrency wallets, bank cards and online systems.
On the bank card, the limits are extended. However, the transfer of a large amount may cause additional verification. The player’s funds can easily fall under the blocking. In addition, on a bank card, money can go up to 5 working days.
It is easier to withdraw winnings from e-wallets. Money comes literally in 5 minutes. But there is another disadvantage. The limit of the payment service does not allow you to withdraw more than 50,000 – 100,000 at a time.
Extended opportunities for financial transactions are available on the sites of cryptocurrency exchanges. Here, the amount of the transaction does not matter much.
