Online gambling is very popular all over the world, but with all the euphoria, the security aspect must never be neglected. Those interested in online gambling are spoiled for choice, as new online casinos appear on the scene almost daily. A quick payout is desirable when a lucky win is made at the slot machine or roulette table. But how reputable are online casinos really, and how can the player check how long the casino payout will take? There’s an interesting N1 casino review published on casinomeister.com to give you some idea about the proceedings.
What are the Pay-out Standards in the Online Casino Industry?
If the player has landed a lucky win and wants to withdraw his money, there are usually several ways to do so. While the casino without an account often only works with Trustly, there are a variety of payment methods in conventional online casinos that require registration. Included are credit cards, classic bank transfer or modern e-wallets. PayPal is especially popular among players, alternatively Skrill and Neteller are also well-liked. To initiate a withdrawal, the player simply has to visit the cashier area and specify how much money should be paid out. Often there is a minimum withdrawal amount, which is between $10 and $20. If the selected deposit method is also permitted for the payout, a transaction is automatically initiated through the same provider. This is where the money laundering law comes into play, to which the online casinos are subject.
Are there Issues with Online Casino Pay-outs?
It’s quite common for players to have trouble cashing out their winnings at online casinos, and that’s because they haven’t read the terms and conditions of the respective casino carefully enough, for example, regarding the unlocking of bonuses and free spins. Never be lulled into believing that there are only universal bonus conditions for everyone in an online casino. The bonus conditions are always tailored to the particular online casino, and you as a player have the duty to inform yourself about the conditions of your game. Even bonuses from the same casino may have different terms and conditions.
Reasons why an online casino might refuse payment can be
As a rule, online casinos pay out any winnings quickly and without any problems. However, there are also situations and various reasons that can cause delays or problems with payouts. Most often, payout difficulties are due to the following reasons:
- Technical problems
- No verification of bank account
- Bonus games repeatedly played with the same IP address
- Paying out high winnings in several installments
- Stalling tactics of the online casino
There are technical problems at the player’s bank / credit card company or at the online casino itself, which can lead to payment delays. Seasonal staff shortages in the summer months or at Christmas may also cause payments to be delayed.
No verification of bank account
If you want to withdraw money at an online casino, the very first thing you need to do is have your bank account verified. This can take a while. In order to avoid any difficulties when withdrawing money – especially those that arise because the verification does not work out – you need to know what documents you have to submit for the purpose of verification. Inquire about this when you have already chosen an online casino, so that you have all the relevant details in mind from the start. Make copies and have them ready to send immediately if needed. Also, make sure that the documents are in good visual condition. For example, if you submit an illegible invoice as a verification document, it will most likely not be accepted, which in turn will result in your money not being paid to you. All copies of credit cards used for deposit should definitely contain all numbers and your full name. If you deposited money via e-wallet, it is the username that must be fully present on the copy.
Bonus games repeatedly played with the same IP address.
If there are other people in your household who like to play at the online casino, be sure to find out if the online casino allows multiple accounts to be opened for one household (e.g., with the same IP address). In fact, most online casinos allow only one gaming account per household, which is why many players unfortunately cannot cash out their winnings, as multiple participation in bonus games with the same IP address is not allowed. Therefore, you should inquire about such basic rules even before opening your account. Sometimes players find out that they have violated the terms and conditions only when they get paid. In general, grossly negligent misconduct or fraud by players often lead to payout problems.
Paying out high winnings in several installments
In some online casinos, issues often arise when paying out large winnings. For them, different conditions apply than for ordinary, everyday winnings. Instead of one time, these winnings are then paid out in several installments. This is not the case in all online casinos, but you should at least keep this in mind so that if you get lucky and win, the shock is not too great. This is not a problem per se, but rather a fact that has to be accepted, because after all, this is also for your safety. Nevertheless, you should know that such an approach can lead to delays in the payout. Online casinos that pay out high winnings in installments inform about this on their respective websites.
Stalling tactics of the online casino
Unfortunately, there are indeed online casinos that try to drag out payouts through systematic stalling tactics or try to deny the payout completely under flimsy arguments. Where people work, mistakes happen and as long as such errors or misconduct occur sporadically, it is not yet possible to speak of fraud. With providers where there are constant issues, however, there may well be a system behind it. Providers who work with such methods damage their long-term reputation.
N1 Casino Pay-out Methodology
The site of N1 Casino offers slightly fewer payment methods for withdrawals. However,
they do cover most of the main ones. You’ll be able to make withdrawals using
Paysafecard, MasterCard, VISA, Skrill, Trustly, Neteller, Neosurf and ecoPayz. You can
also use bank transfer to make deposits and withdrawals at N1 casino.
One of the biggest benefits of playing at N1 Casino is that any withdrawal request will be processed instantly. Subsequently, that means there aren’t any opportunities for you to cancel your withdrawals.
Since at N1 Casino withdrawals are processed instantly, you won’t find yourself having to
wait around with pending times. Therefore, the pay-out time between requesting the money and it appearing in your accounts lies between under an hour up to 5 hours. Especially for bigger winnings, a pay-out time of under 24 hours is lightning fast. The only exception is bank transfer, which can take up to 5 to 7 banking days.
Pay-outs are processed on any day of the week at N1 casinos. Since many banks handle transfers during weekdays exclusively. The fact, whether the money appears on your account during the weekend, is influenced by the payment method you chose.
At N1 casino monetary transactions can be done in various currencies:
- US Dollar
- Canadian Dollar
- Norwegian Kroner
- Polish Zloty
- Russian Ruble
Just like there are numerous methods to deposit money into your N1 account, there’s also a large selection of various withdrawal methods:
- Credit Card: Master Card, Visa, Maestro
- Bank Transfer
- Banking: iDebit
- E-Transfer: Interac
- E-Wallet: Skrill, ecoPayz, Neteller, Pay4Fun, MiFinity, MuchBetter
Each payment method has a minimum withdrawal amount. Typically, it is 20 EUR/USD, 200 NOK, 30 CAD, 1,500 RUB and 50 PLN. Except for Bank Transfers, they have a minimum of €500.
There’s no limit for any progressive jackpot winnings at N1 casino. Any other type of prize money will be paid in full up to €15,000 or any equivalent in other currencies. If you win more than 15,000 EUR, the site reserves the right to split the payout into monthly installments of 15,000 EUR until the full amount is paid. Progressive jackpot winnings are paid in full.
The minimum amount for withdrawal is 20 EUR/USD, 200 NOK, 30 CAD, 1,500 RUB and 50 PLN. The maximum amount for withdrawal depends on the payment method you use. If the requested amount of withdrawal exceeds the limit of a certain payment system, the amount will be paid in installments. The maximum payout amount for Premier League and Major League positions 10-7 is 5,000 EUR per week since the last successful payout and 15,000 EUR per month, unless otherwise stated in the promotion terms and conditions. If you hold 6th place in the Major League and above, you’re eligible for 6,000 EUR per week since the last successful payout and 18,000 EUR per month. While in League of Legends, you can cash out 10,000 EUR per week since the last successful payout and 50,000 EUR per month. N1 casino resets the monthly limit every first day of the month. If you are a particularly active and dedicated player, N1 casino sometimes makes exceptions.
In some cases, the identity of the player is verified by N1 casino before the withdrawal. In this case the casino withholds the withdrawals for the time required to verify the player’s identity. This verification procedure is mandatory when cumulative withdrawals reach €2,000. If you provide false personal data, the withdrawal may be rejected and your account may be terminated. To verify your identity, the website sometimes requests a Selfie with ID. If you refuse the ID your account will be closed and your winnings confiscated.
Once you have requested the pay-out and the withdrawal is pending, you cannot change
your mind and directly use the money for gambling instead because withdrawals are locked.
Conclusion – N1 casino does pay out
A trustworthy and good online casino pays out your winnings. If you play at one with the best service your request for withdrawal is processed and transferred at once. Only if an identity identification is required because you want to withdraw a large sum, the processing time can take longer. Usually there is a withdrawal limit, especially for large winnings. In this case, the amount will be divided into multiple installments.