How Can American Players Withdraw from an Online Casino?

How Can American Players Withdraw from an Online Casino?

March 1, 2011.

Many Americans, just like people throughout the world, enjoy playing at online casinos. Casinos on the Internet allow people to play their favorite games without having to fight crowds, long lines at the cashier's booth, or the rising costs of gasoline. However, these benefits do come with their downfalls, the largest of which is getting money from the online casino.

Due to the passage of the Unlawful Internet Gambling Enforcement Act, or UIGEA, in 2006, banks are not permitted to handle online gambling-based transactions. This legislation has forced many reputable casinos out of the American market. However, some casinos have still been able to thrive in the United States due to various e-wallets.

Of course, UIGEA does place these e-wallets in a legal gray area, and some, such as eWalletXpress, have been forced to close up shop. In addition, the vulnerable US market has led to several rogue money processors being born, as well. Nonetheless, there are still a few ways by which American players can transfer money to and from their favorite online casinos.

The first and most prominent choice for American players to get money out of an online casino is Quicktender. This service has been so successful due to its invitation-based registrations. Instead of letting anyone register an account, online casinos must provide an invitation to any player that wants to use Quicktender. The result is that American players have a reliable service with a long-standing reputation that manages to steer clear of legal trouble. Quicktender charges nothing for transfers between merchants and players, but does charge 5% for deposits from a credit or debit card and a flat $30 fee to wire funds to a bank, both of which are considerably less expensive than other e-wallet solutions.

The downside with Quicktender, however, is that many casinos require a player to have deposited a large enough amount before he or she can get an invitation link. Consider making deposits with prepaid cards. These run at absolutely no risk, unlike trying to use a credit or debit card. However, many prepaid cards will not work. Ensure that a card you select has international capability, and check with your online casino's support beforehand.

Aside from Quicktender, many casinos allow players to withdraw via courier check. Checks can take up to a week to be sent, but, depending on the casino, can be one of the safest ways to obtain money. Many online casinos require that you use the same means you used to deposit as you do to withdraw, if possible. However, if you use a prepaid card, you will be allowed to use a check. Check fees run anywhere from just $5 to as high as $50, so be sure to read the terms in the casino cashier before selecting this option.

The final reliable choice American players have to withdraw is a bank wire. International bank wires are typically more successful with larger banks and are becoming increasingly hard to get through local credit unions. Bank wires are usually only available for relatively large withdrawals of at least $100, so  always read the terms for this option before trying it. The fees for a bank wire can run up to $75, as well, often making it a poor choice for a low roller. Nonetheless, bank wires are likely the most convenient way to get money from the casino into your hands.

In the future, gamblers in the USA can only hope that government regulation will pass to make online wagering stress-free entertainment. Until then, always use caution when depositing at a casino, and make sure that you have a means to withdraw before you choose to play.