After you have completed your gaming session, you would want to withdraw slots winnings, and you would want to do it in a secure and hassle-free manner. In this article we will acquaint you with the various withdrawal options for slots winnings and explain their pros and cons. You will learn about the precautions to be taken while submitting withdrawal requests to ensure smooth and quick processing.
Options Available to Withdraw Slots Winnings
Before you can withdraw your slots winnings, you must first make a deposit at the Canadian online casino. By and large, the payment options for deposits and withdrawals are the same. However, there are a few deposit options that cannot be used to withdraw winnings. Please do not select these because then you will find it difficult to withdraw slots winnings.
Newbie players have some concerns about payment transactions at online casinos and we need to address these first.
- All the payment transactions are secured by the online casinos using the latest encryption protocols.
- All the payment solutions providers operate under strict regulation by relevant authorities.
The table below shows at a glance all the payment options to withdraw slots winnings at Canadian online casinos.
| Type of Withdrawal Option | List of Options |
| Bank Transfers | Interac INSTADEBIT iDebit |
| Credit Cards | Visa MasterCard |
| Web Wallets | Neteller Skrill EcoPayz MuchBetter |
Using Bank Transfers
Interac, INSTADEBIT, and iDebit are Canadian agencies that facilitate transfer of funds between bank accounts and many Canadian players would already be using one of them. The advantage of using a facilitator is that you will not have to give your bank account details to the online casino when you want to withdraw slots winnings.
Using Credit Cards
Almost all our recommended Canadian casinos accept credit cards from Visa and MasterCard as options to withdraw slots winnings. There are two cautionary points that you should be aware of.
- Some online casinos allow deposits via MasterCard but do not remit winnings to it.
- Some credit card issuing banks charge a significant fee for transactions with online casinos.
Using Web Wallets
Web wallets offer the advantage of instantaneous payment transactions and are therefore popular. If the funds remain in your wallet till needed then there is no charge, but it costs to transfer the funds from the wallet to a bank account.
Using Bank Checks/ Drafts
If your registered payment option does not permit you to withdraw slots winnings then the online casino will remit your funds through a bank check or draft posted to your given address. The process will take a few weeks before you get the funds in your account. The online casino incurs processing costs of bank charges and postage, which will be deducted from your remittance. This should highlight the importance of using a payment option that is suited for both deposits and withdrawals.
How to Withdraw Slots Winnings
We provide a step-by-step description of how you can withdraw slots winnings. There could be minor differences from one Canadian online casino to another, but the basics will remain the same.
- Log in to your online casino account.
- Within the Banking section activate the Withdrawal tab.
- Select your registered payment option.
- Enter the amount to be withdrawn and your unique identifier and submit.
- Please ensure that the amount you enter is less than the cash balance in your account.
- The amount withdrawn will reflect in your balance immediately.
- Your withdrawal request will be forwarded to the accounts or finance section for verification and processing
How Casino Withdrawals Are Processed
The withdrawal of slots winnings is processed over three stages and we explain what happens at each stage.
Pending Withdrawals
Your request to withdraw slots winnings are put in queue before they are taken up for processing. This period is usually 24 hours to 48 hours. At most online casinos, players can cancel their withdrawal requests at this stage and their accounts will be credited again immediately.
Processing Period
Here the online casino meticulously verifies whether all withdrawal conditions are met. These conditions are discussed in detail in the next section. The processing period is different for each Canadian casino. If the processing is completed successfully then the request to withdraw slots winnings is forwarded for remittance, otherwise it is rejected and the amount is credited back to the cash balance.
Remittance Period
This is the time taken for the funds to reach you after the processing is complete. The time depends on both the online casinos systems and the inherent nature of the payment option. The table below gives a relative indication of the remittance period.
| Payment Option | Remittance Period |
| Web Wallets | Less than 24 hours |
| Bank Transfers | 1 to 2 days |
| Credit Cards | 3 to 4 days |
| Bank Checks | 10 to 15 days |
Important Withdrawal Conditions
This is by far the most important section of the article. It explains the conditions imposed by the online casinos when you withdraw slots winnings. The specifics will vary from casino to casino, and therefore the discussion necessarily must be in general terms. Each of our casino reviews includes complete details of these conditions as applicable to that casino.
KYC Verification
Canadian laws mandate that the online casinos must do KYC verification for each player. Some online casinos allow players to make deposits and spin slot games before the KYC is done, but no online casino will allow you to withdraw slots winnings without the KYC being completed. Government issued documents evidencing the following must be uploaded at the online casino.
- Proof of identity
- Proof of age
- Proof of address
- Proof of ownership of bank account or other payment option selected
The online casino will verify the authenticity of these documents and confirm acceptance of the KYC process. It is of utmost importance that the personal details submitted at the time of registration exactly match with the documents submitted, otherwise the KYC will be rejected.
Minimum Withdrawal Limit
When you put in a request to withdraw slots winnings you cannot enter an amount less than the minimum withdrawal limit. All our recommended online casinos have reasonable minimum withdrawal limits and this condition will not be a cause for concern.
Maximum Withdrawal Limit
Maximum withdrawal limits are specified in two ways. The first is the maximum limit imposed on each withdrawal. Then there is a maximum limit on what you can cumulatively withdraw over a period, say a week or a month. Low maximum withdrawal limits are undesirable because they prevent players from withdrawing their complete slots winnings. In our evaluations we give poor ratings to online casinos with low maximum withdrawal limits.
No Pending Withdrawals
If your application to withdraw slots winnings is under processing, then you will not be allowed to make another withdrawal request till the first one is completed.
Frequency of Withdrawal Requests
Canadian online casinos incur a cost for processing withdrawals but this is not separately charged to the players. However, to prevent players withdraw slots winnings too frequently, the casinos limit the number of withdrawals over a week or over a month. Some online casinos may allow you extra withdrawals at a cost.
Best Payout Casinos that Score High on Withdrawals
The casinos in our best payout casinos list are also ranked separately on the withdrawal terms and conditions imposed. The table below displays those casinos that have scored highest for the withdrawals processing.
The Top 5 Online Casinos for Withdrawals
| Online Casino | Payout Rate | Withdrawals Score |
| Royal Vegas | 98.8% | 95% |
| Ruby Fortune | 98.2% | 95% |
| Jackpot City | 98.7% | 90% |
| Spin Casino | 98.4% | 90% |
| Betway | 98.3% | 90% |
We have seen that there are several different issues involved with the withdrawal of slot winnings and no online casino will be the best in each one of them. You will have to balance the pros and cons and come to a considered decision based on your specific needs. Submit your KYC documents as soon as you sign up so that you do not have to wait to withdraw your online slots winnings.
Frequently Asked Questions
What happens if my KYC verification is rejected?
If your KYC verification is rejected, it would usually mean that there is a serious mismatch in the personal information provided by you at the time of registration and the same information as it appears in the documents that you have uploaded. In such cases you will not be allowed to continue playing at the online casino. KYC processing takes three to four days and it is worth waiting to get confirmation from the online casino before making a deposit and playing real money slots.
Can I make withdrawals in cryptocurrency?
There are some online casinos that allow transactions in cryptocurrency. However, the licenced casinos recommended by us for the present do not accept cryptocurrencies because of legal reasons.
