What Is Reverse Withdrawal At Online Casinos 0 Likes

Online casinos rule out reverse withdrawals before you get back your pokies wins. It means your withdrawal request may be cancelled and returned to your bankroll during the three days if you are a standard player and one day for VIP players following your withdrawal request. After this time, your withdrawal will be processed and may no longer be reversed. It seems interesting, but a few terms and conditions must be followed.

What is a Reverse Withdrawal?

As said above, reverse withdrawal is the term used by online casinos to describe the waiting period imposed between making a withdrawal request and processing that request.

During this time, you can reverse the request, i.e. instead of completing the withdrawal, the money or the sum goes back into your casino account so that you can continue playing with it. The other name for reverse withdrawal is pending withdrawal, as defined by a few online casinos. It is important as it adds to the time to request a withdrawal from your playing account to the funds on your bank account or e-wallet. The period for reverse withdrawal varies from casino to casino.

How Do You Initiate a Reverse Withdrawal Request?

• Log in to your online casino using your username and password to reverse a requested withdrawal.
• Once in the lobby, go to the Cashier and select "Withdrawal".
• You will see a list of your withdrawal requests in the "Awaiting Process" box, complete with the withdrawal status indication.
• Select any unprocessed withdrawal request by clicking on it. Then click on "Reverse Withdrawal".
• The withdrawal request will be cancelled, and its status will be changed to "Cancelled by User." The withdrawal funds will be immediately returned to your casino bankroll.
• Your withdrawal history can be viewed within the "History Log" application, accessible from the Lobby. Here, you will find a complete list of all your withdrawal requests, both those that have been processed and those that you have cancelled.
• Remember that withdrawals requested and subsequently cancelled during an event will not qualify as deposits. Deposits must be wagered during the event to qualify for that event.
• Your "Withdrawal History" stores a complete list of all your withdrawal requests, those that have been processed, and those that you have cancelled. For assistance with withdrawals or any other matter, you can contact the casino help support via live chat, email or phone.

The Period for Reverse Withdrawal

When you make a first withdrawal request, the reversal process allows the casino time to verify your identity. The casino does this for the protection of players and to ensure they’re not the victims of identity theft, to reduce the risk of online gambling being used to launder money, and to ensure that underage players are not playing at the casino.

After you have made an initial withdrawal and your identity has been successfully verified, there would be no need for reverse withdrawal periods to be imposed on subsequent withdrawals. Still, most of the online casinos want you to wait for a certain period before your withdrawal requests are processed. The reason for this is that the casino hopes you will change your mind and play real money slots again and spend what you win. After all, it’s the casino's business.

So casinos want you to continue playing and hope that by giving players this option, they will reconsider their withdrawal requests and resume playing. Similarly, reducing the number of withdrawals it has to process reduces an online casino’s costs—both in terms of the time taken to complete withdrawals and in its own banking charges.

Advantages and Disadvantages

The only benefit of reverse withdrawals is that you can continue playing without the delay caused by first withdrawing funds and then having to deposit them once more into your casino account. This is an advantage offered for the pending withdrawal process. It can also save you from paying the fees associated with some payment methods.

The drawback is that you must wait a few days to regain your wins. This wait will be added further depending on your payment method. If you’re withdrawing using a credit card or bank wire transfer, there can be an additional three to five working days added on top of the pending withdrawal period before the money hits your account. To avoid this, players should opt to use e-wallets like Skrill or Neteller to fund their casino account so that there is no delay in getting back to their wins once the casino has processed their payment and that the funds are immediately available and accessible in their e-wallet account.

Points to Remember When Initiating a Withdrawal at the Casinos

• Always read the terms and conditions associated with withdrawals at the online casino.
• Find out what their policy is regarding reverse withdrawal.
• Some sites have no pending period, i.e., once you make a withdrawal request, the process begins immediately, and you have no opportunity to change your mind and cancel the request.
• If you are a loyal player or VIP player, then you benefit from faster withdrawal times with a reduced pending period.
• There is also the option at some sites to request the removal of the reverse withdrawal facility directly with the casino. This process is known as manual flushing and essentially means that the reverse withdrawal process is removed, and the casino does not hold any sum you request to be withdrawn as pending.

Finally, suppose you come across any Australian online casino with reverse withdrawal. In that case, it is always advised to ask the customer support team at the online casino if you have any doubts and get clarification on any questions you have.

FAQs

Q1. How Can You Reduce the Pending Time?

When you sign up at an online casino, you should read the terms and conditions to find out what their policy is regarding reverse withdrawal. Some casinos have no pending period, i.e., once you make a withdrawal request, the process begins immediately, and you have no opportunity to change your mind and cancel the request.

Also, at online casinos, you have loyalty and VIP programs, where once you attain higher membership levels, you benefit from faster withdrawal times with a reduced pending period.

Q2. What is Manual Flushing?

There is also the option at some online casinos to request the removal of the reverse withdrawal facility directly with the casino. This process is known as manual flushing and essentially means that the reverse withdrawal process is removed, and the casino does not hold any sum you request to be withdrawn as pending. This doesn’t mean that you get your funds straight away – the payment processing still needs to be made. Once you make a manual flushing request, you no longer have the option to reverse your withdrawal request.

Q3. How to Request Manual Flushing?

You will need to make any manual flushing request directly to customer support, and it’s likely that you will meet with varying degrees of success (depending on the casino). However, it is worth your while to inquire about this option to get access to your money faster.

Q4. What are the Pending Withdrawal Trends?

Most online casinos and software providers are moving towards shorter reverse withdrawal times and offering player-friendly manual flushing. Casinos now know that one of the most important considerations for players is being reputable and enabling players to withdraw their money as soon as possible. Still, there are some trends within the casino industry, even with ‘reputable’ sites.

For example, NetEnt casinos have zero or very short pending withdrawals, whilst Microgaming and Playtech powered casinos like Fair Go Casino Australia and Bitstarz have virtually all have 24hrs+ pending withdrawals.