Depositing and Cashing out from Casinos

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    Last post ago over 7 years by nalgenie
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      • No avatar normal
        • Started by
          Hero Member
          963
        • last active 8 days ago
        Hi,

        Can someone explain the procedure for depositing and cashing out from an online casino?  I live in the US.

        I normally use my debit card (visa) to deposit.  Unfortunately I have not cashed out yet.  I see e wallet and usemywallet at some casinos.  Is there any way to get money fast using these?  If so, how do they work?

        I asked at Titan (they had usemywallet).  I was told I could deposit with it but I didn't know anything about it.  I then asked if I used my debit card and withdrew how would I get the money and I was told after 24 hours the money would be put back in my bank account.  Is that the case?

        Any info on this would be appreciated.

        Thanks.
      • No avatar normal
        • Replied by
          Superstar Member
          5,793
        • last active 2 months ago

        hi,

        I live in the US and I use usemywallet to fund or withdraw to most casinos.  For usemywallet, you have to contact the casino support or livechat to have them send you an invitation to join usemywallet.  After you have a usemywallet acct, log in and register your CC for deposit and your bank for withdrawal.  When you want to make a withdrawal from a casino, the casino will send your winning to your usemywallet acct.  When you want to withdraw the money from your usemywallet acct to your bank, the process takes at least 5 days and they charge you a flat fee of $30.

        For ewalletexpress, go to their website and following instruction to open an acct.  The fee is 10% for deposit or withdrawal.  This is good if your deposit and withdrawal small amounts.  For large amount, usemywallet is better.  Deposit to usemywallet is 5% fee.

        hope it help


        medtrans wrote:

        Hi,

        Can someone explain the procedure for depositing and cashing out from an online casino?  I live in the US.

        I normally use my debit card (visa) to deposit.  Unfortunately I have not cashed out yet.  I see e wallet and usemywallet at some casinos.  Is there any way to get money fast using these?  If so, how do they work?

        I asked at Titan (they had usemywallet).  I was told I could deposit with it but I didn't know anything about it.  I then asked if I used my debit card and withdrew how would I get the money and I was told after 24 hours the money would be put back in my bank account.  Is that the case?

        Any info on this would be appreciated.

        Thanks.
      • No avatar normal
        • Replied by
          Hero Member
          963
        • last active 8 days ago
        Thank you for the info!
      • No avatar normal
        • Replied by
          Hero Member
          963
        • last active 8 days ago
        Another question please...

        Can I deposit using a credit (debit) card and then withdraw using usemywallet or ewallet?  I don't want to have to pay a fee to deposit and then not win anyway.  If I am able to cash out I don't mind paying a fee.

        I play at a poker site and I wanted to cash out using usemywallet.  They told me I had to have deposits totalling $1000 using it in order to withdraw through it.  I had only used my debit card to deposit.  Is that the case everywhere?

        Thanks in advance.

        medtrans

      • Avatar 7881
        • Replied by
          Super Hero
          1,492
        • last active 3 months ago
        With the casinos I play, I can deposit with my visa, amex, or mc and withdrawal with ewalletxpress.  The $1000 requirement you encountered I think would be rare.  You may wish to find another casino.  Basically, I use my ewalletxpress as a holding-account.  Once I get a good sum, I deposit it into a casino, play a little, then do a wire withrawal that is without a fee.  This way, it saves you the 10%.  Lately, ewalletxpress has been taking about 5-7 days for a withdrawal, and the casions ***seem*** to be back to decent payout times now of about 10 days.  So, the extra 3 days to save 10% is worth it to me.
      • Jimbeaux
        • Replied by
          Hero Member
          864
        • last active 5 months ago
        One other thing to mention, by using the "Wallet" you only have one entity that has your credit/debit information. Realize as you play at more and more of these casinos, read through the good bad and ugly of online gambling, you will come to see how that factor can be a strong one.

        E-wallet Express is pretty decent for the small 30-100 dollar deposits and is almost instant when depositing and getting credited at the casinos.

        I am registering for a use my wallet account at the moment to process through a pending withdrawl, mainly because it has a wider acceptance with casinos as a payout option... but like mentioned above you must ask for an invite to use it.
      • No avatar a78
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        I have deposited at sites with my debit card and have gotten a withdrawl to my "use my wallet" account, and have not yet come accross a site that has a min. deposit to use a different withdrawl method then i used to deposit.

        I have had a "use my wallet" account since it has been around and like Jimbeaux said one of the good thing about it is you only have one place storing your personal info, i highly recomened the option to ALLL USA players.

        Tony
      • Avatar 17011
        • Replied by
          Super Hero
          1,541
        • last active 2 months ago
        use my wallet isn't cheap either, they will charge you a percentage for all of your deposit's and they also charge you a $30 flat rate to cashout....
      • No avatar normal
        • Replied by
          Hero Member
          963
        • last active 8 days ago
        So you guys pay a fee to deposit every time you use wallet?

      • Avatar 10718
        • Replied by
          Super Hero
          2,134
        • last active 5 months ago
        $30. is not a lot when you get service withing 8-24 hours.

        If you have a check sent that is usually a $50. fee, and about a 21 day wait.

        The 5% charge per deposit is a good price to pay for the security, and discretion that the Quick Tender Provides.

        When you have the money transferred into your account, it comes from an offshore account Bank of Ireland, which is considered cash going into your account, and not taxable...better a flat $30, than 30+percent.

      • No avatar normal
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          Superstar Member
          5,793
        • last active 2 months ago

        you pay for 5% for depositing into your usemywallet everytime, yes.  But you don't pay any fee for depositing from your usemywallet to any casinos.  Think about it, if you deposit using your credit card, your bank might charge you for international fee also.  I got this alot, sometimes if the processor double charge you on error or whatever, you have to go thru the process of trying getting your money back, it's a headache, so I like to deposit using usemywallet.  It's up to you.  Hope this help

        medtrans wrote:

        So you guys pay a fee to deposit every time you use wallet?


      • Avatar 6303
        • Replied by
          Full Member
          145
        • last active 22 days ago
        If your looking to get your winnings fast,you need to goto a local casino.As for these online sites.What is fast? 1 month or longer.lol
      • Avatar 10718
        • Replied by
          Super Hero
          2,134
        • last active 5 months ago
        We have been getting our money, after requesting to flush the withdrawals, within

        8-24 hours using Quick Tender (Use My Wallet).

        Maybe you are playing at the wrong casinos.

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