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I am new to online gambling, and I recently won some money playing on winpalace. I am unsure how withdraws work online and which would be the best option. I am concerned my bank will not accept a wire transfer, or cash a check. Any advice would be greatly appreciated.
Congrats on your win! If you click on winpalace it will show your options. Scroll down to where it saws Withdraw options on the right. I believe wire transfer is the only option available.
Someone else who is more experienced will this will comment soon.
Welcome to the site lwhelan11.
If you are playing through the US like I am, there is a solid chance that your bank may not accept a wire transfer from the casino. This is due to the UIGEA, which was passed in 2006 that makes it illegal for banks to process transactions that are used for online gambling.
Your best bet may be a check. I used to play at English Harbour Casino before they shut their doors, and got checks regularly when I was lucky enough to win. There is usually a high price for the check to be printed and mailed (usually via FedEx or a similar company), but that is the price you pay for gambling online.
The Department of Justice just changed their opinion on internet gambling, so there could be a chance you will get better transaction options in the near future.
Did your bank allow you to cash these checks? Did they know the checks were from an online casino?
Yes, I was able to cash them. The companies do not identify themselves as a casino on the check. Banks are unable to identify them as an offshore casino and you will be all set to deposit.
Ok good to know. I'm going to pick your brain some more if don't mind.
Winpalace has withdrawal options such as click2pay, neteller, and usemywallet. Do you know anything about these and how they work?
They are all money wallets. Think of them like Paypal.
A lot of them don't take American customers due to the laws. If you can find one that does work, they would then be able to wire transfer to your bank account. Neteller doesn't work for us. UseMyWallet doesn't work for me either. Same for Click2Pay.
Some casinos have minimums for withdrawing through a money wallet, although they usually aren't as high as for a check, and there aren't usually any transaction fees.
And feel free to pick my brain all you want. I am more than happy to help!
3 CL-Ed, hope777, lwhelan11
Others have given you some good advice - the only thing I can add is that you can expect to receive your funds slowly from Win Palace, most likely split into payments of $500 or so once a week or fortnight (if you have won more than that).
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which casino's do you use? which casino are best when it comes to withdraws?
Our current recommendations are either at the bottom of this page, or front and centre on the home page. They are specific to the country you are from, so people from different countries may see different options.
For someone from the USA, the current best casinos are Sloto'Cash, any from the Club World Group, Winaday, Jackpot Capital, and perhaps Bodog (recently rebranded as Bovada).
Are banks actually refusing to RECEIVE payments (or just blocking outgoing payments)? It was my understanding that the law prohibits outgoing payments only. Well, I just requested my first withdrawal via wire transfer from Manhattan Slots, so I guess we'll see what happens...
BTW I was able to make a first deposit using my U.S. bank debit card, but the bank then froze my card for "unauthorized use" and I had to apologize and promise "no more online gambling" to get it re-activated Payments by Visa Gift Card (which you can purchase at any drugstore) have always gone through for me. Cheers!
Yes please let me know how that withdraw goes, and I'll keep posted on how things go with winpalace
The banks will generally refuse payments in either direction if they know or suspect they are gambling related. So what the casinos do is use a 3rd party processing company that sends you payments that appear to be unrelated to gambling. Hopefully this will change soon given the DoJ's recent statement clarifying that the Wire Act does not in fact make online gambling illegal.
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