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When it comes to real-money online gambling, payouts are among the factors of great importance to players. While depositing is a straightforward process, withdrawing cash may require some additional steps, and so it's natural for newbies to get a bit confused.
This review looks into the payouts of Diamond Reels casino, a betting operator run by Two Web Entertainment and licensed by the government of Curacao. Also, it's powered by Realtime Gaming, one of the US-friendly game providers on the market.
This casino accepts real money wagers from customers the world over - Australia, the USA, and several European countries. When you've had a good run for your money and wish to cashout, you're able to do so smoothly. The process has two different phases - the pending period, during which the funds are reversible (usually 72 hours for this particular casino), and then wait for the money to reach your banking method of choice.
Due to the online gambling regulations in America, casino payouts for USA players are limited, though the ones available are reliable and fairly fast. Generally, Diamond Reels processes withdrawals within 5 days. Keep in mind, however, the operator pays out during business days, meaning Mondays to Fridays and exclusive of weekends.
Usually, payouts at most online gaming establishments incur a charge - this can be a flat rate or a percentage of the total withdrawal amount, often no more than 3% depending on the mode of banking you use.
Cashouts at Diamond Reels casino are charged based on your banking method of choice. For instance, e-wallets consisting of Skrill, PayPal, and Neteller charge up to 2.5% per transaction, while MasterCard/Visa charge from 2%-3%.
Payouts through Bank Wire, however, attract a higher fee, which is why you'd do well to read the payout policy. Additionally, the transaction limit allowed on this gaming site is $5,000 per week.
Every betting site must put in place a withdrawal policy. This is not only a legal requirement but also ensures that the cashout process runs smoothly. The policy requires that players undergo the KYC process, where their documents are verified before any winnings can be released. Take notice that the verification is a one-time process.
There are indeed several reasons an operator needs to verify your identity before they can pay out any winnings. Mainly, the reasons revolve around your safety and security. As such, they have to protect the user from identity theft and that's why they need to know who they're paying.
As it is, moving money in and out of this betting house isn't a complicated affair. There are few but reliable banking methods available for each player. Punters from the United States of America can use Neteller and POLi that take a maximum of 48 hours to complete a transaction. They could also use Bitcoin that offers anonymous and instant deposits/withdrawals. Lastly, Visa/MasterCard and Bank Wire make your funds available within a maximum of 5 days.
It is worth mentioning that all these payouts options are also available for the international market. However, individual methods may vary from one country to another, and so it's important to read the payment fine print prior to initiating a transaction.
