If you have ever gambled online, you might have noticed that depositing money into an online casino is very much straightforward, but the hasslefree approach disappeared when it came to cash out your profits.
After requesting a withdrawal, most online casinos initiated a "pending period", and it could take up to 4 days until your money request got processed. During that time you were able to cancel your withdrawal at the click of a button and continue to play.
The motive behind this strategy is more than obvious. Online Casinos were hoping that you will change your mind, reverse the withdrawal, and try for a bit more luck. In some cases, it works in your favour, but for most parts, you are likely to lose the balance back to the casino.
In the past, players often did not have the selfcontrol to wait until their cash out request had been processed especially since casino hosts would contact them during that time offering extra bonuses for actually reversing the withdrawal. For casinos, it was an easy way to bump up their profits considerably.
Today, the UK gambling market is more competitive than ever, and this works in the players' favour, as a new feature called "Locked Withdrawals" has been emerging.
Locked Withdrawals
Casumo, one of the most popular UK casinos, is among the first to offer its players to lock their withdrawals.
The process is straightforward; After requesting withdrawals of your winnings, the casino shows you a lock symbol. Clicking the icon locks your request and makes it irreversible! Even if you wanted to, the Casumo and their customer support agents are unable to stop the payment processing, which in most cases begins instantly.
Great Britain is now the world's largest regulated online gambling market worldwide with total revenue of more than £14bn in the last year, and a market share almost double of all other European countries combined. For continuous growth and to create a safe environment for UK players, it is imperative that more operators are integrating playerfriendly features into their platforms.
However, locking withdrawals isn't the only criteria that are important when choosing an online casino. Factors such as withdrawal times, game selection, bonuses, and payment options are equally important and can vary significantly between the different operators.
Casinostoplay.com is a UK company that wants to make things better for the consumer and raise standards across the industry. They have collected a wealth of information on UK online casinos and regularly publish their results online.