WITHDRAWING FROM AN ONLINE BOOKMAKER
When using the services of an online bookmaker, there will come a time when you win and request a withdrawal for the first time. Doing this isn't difficult, but the rules, terms & conditions, and requirements of the online betting sites must be carefully read and respected.
First of all, when requesting your first withdrawal, you should make sure that you have managed to wager all the bonuses that you've received until that moment. Generally, each bonus that you receive has rollover requirements which need to be accomplished in order to withdraw. By not doing so some online bookmakers can deduct your winnings, so the first and the most important piece of advice is to make sure to carefully read the terms & conditions of each bonus.
Another important and widely spread rule among online bookmakers is the one that requires customers to withdraw using the same payment method used for deposits. For example, if you deposit using a Visa Electron credit/debit card, you must withdraw to a Visa Electron credit/debit card (same credit/debit card). There can also be some exceptions: when depositing using vouchers (e.g. paysafecard) you must withdraw via bank transfer.
There will be some online bookmakers who will let you withdraw using a different payment method - but they will be very few because, in general, the terms & conditions of most online bookmakers contain a rule which clearly specifies that these types of actions are not accepted. More exactly, depositing with a payment method and withdrawing using another payment method increases the risk of fraud and money laundering, risk that many online bookmakers will not take.
The process of verifying the betting account is very important and in most cases it starts when a bettor requests his first withdrawal. At that moment, most online bookmakers will need to verify the bettor's account: personal details, payment method, betting activity. For this verification, online bookmakers are entitled (by their terms & conditions accepted at the registration) to request any kind of personal document or proof in order to confirm your details.
These three (wagering the bonuses, withdrawing via the same payment method and verifying the betting account) are the major steps that you must follow, in most cases, in order to have your payment request approved. However, depending on your betting activity, there can be some additional checks which can slow down the process of approving your payment, therefore - you don't have to worry if it takes longer to receive your first payment.
In conclusion, as long as you are a serious online bettor who respects all rules and conditions, provides real information without trying to abuse, defraud or do any kind of illegal activities, you won't have any problem in receiving your money from a top online bookmakers.
You may also want to read the following:
Depositing to an online bookmaker
Why am I unable to withdraw my money?
Credit and debit cards
