The majority of the betting sites will instruct you on how to deposit money or carry out transactions. But seldom any site mentions how to withdraw money in a easy way.
If you are new to online gambling and betting, depositing and withdrawing can be a daunting experience. Especially, the betting sites can be a bit tricky to use due to a lot of activity going on. Most of the licensed sites offer a multitude of options for deposits and withdrawals.
Whatever method you choose, the withdrawal process is more or less similar. Follow this guide in order to understand the process on how to withdraw money from betting sites in India the easiest way possible.
Table of Contents
How to Withdraw Money from Betting Sites
To make deposits and withdrawals, you should be a registered user on the betting or gambling site. Further, you also have to update KYC documents to verify your account. After this, you will be able to cash out.
Time needed: 3 minutes.
- Go To Withdrawal Section
To initiate the payout process, go to the withdrawal page of the betting site.
- Choose Your Withdrawal Method
If possible, you should keep the deposit and withdrawal method the same for your convenience.
- Enter Amount
Enter the amount that you’d like to withdraw.
- Process Withdrawal
Request the withdrawal and wait for your money to be on its way. They payout time will vary depending on the payment method that you opted in for.
Factors That Can Affect the Payment Speed
Before you register and make any deposits on any betting site, make sure the site is fully licensed first and foremost. Don’t worry, gambling sites at Casino Captain are always licensed and regulated. Nevertheless, there are still factors that might affect the payout speed:
- Pending Period
The pending period can prolong your withdrawal. Typically, gambling sites have a pending duration of 10 minutes to 24 hours. Within this timeframe, you can cancel the withdrawal (which is something that we don’t recommend).
- Transfer Method
E-wallet payments are typically carried out faster. Credit and Debit Cards (Visa, Maestro, MasterCard) may take up slightly more time. Bank wires also take up some time. Cheque withdrawals are the slowest, and not many sites offer that option. This is why usually gamblers use e-wallets.
In any case, you should not wait for more than 3-5 business days for the rewards to get reflected in your account. You can get in touch with customer support or mail your concerns.
Popular Services for Withdrawals
E-wallet services like Paytm, PhonePe, Neteller, Skrill are some of the popular options for gamblers. Digital wallet transactions are generally carried out instantly. They can take up to 30 minutes. Skrill and Neteller are widely used for betting and gambling.
Visa, MasterCard, and Maestro are widely offered as both deposit and withdrawal methods. However, they charge some transaction fees. With credit and debit cards, the cash out may take up some time and can be a tricky process.
You need to be extra careful in India while transacting with cards on betting sites or cryptocurrency mediums. Please read the T&Cs of your cards before using them.
Bank wires can be found on most of the withdrawal pages. However, their reliability varies like cards. Also, bank wires have high fees associated with transactions. Due to slow processing fees, it is not very popular with bettors. In worse scenarios, it takes up to 4 weeks for the cash out to reach you.
Lastly, make sure you are registered on a fully licensed betting site. These sites comply with government regulations and ensure fair play. Reputable sites resolve issues quickly to keep up their reputation. If you play at a rigged or unlicensed site, there’s little guarantee that you will receive your rewards.