• Latest News
  • Opinion
  • Brexit - latest
  • CryptoAM
  • Podcast
  • Life & Style
  • Homepage
  • Latest News
  • Opinion
  • Business
    • Business
    • Banking
    • Economics
    • CFA Institute Talk
    • EY Talk
    • Save our SME's
    • International
    • London
    • Insurance
    • M&A
    • The Capitalist
    • Politics
    • WIBF Talk
    • Fladgate Talk
  • Industries
    • Industries
    • Industrials
    • Law & professional services
    • Marketing and advertising
    • Media
    • Pharmaceuticals
    • Property
    • Retail and leisure
    • Telecoms
    • Transport and infrastructure
  • Markets
    • Markets
    • Currencies
    • Commodities
    • Equities
    • IPOs and fundraising
    • Bonds
    • CryptoAM
    • Intralinks INsights
    • What is Decentralised Finance?
  • Technology
    • Technology
    • Cyber security
    • Fintech
    • Gadget reviews
    • Science
    • Gaming Sector Plays On
  • Leadership
    • Leadership
    • Careers
    • Entrepreneurs
    • Management
    • Millennials
    • Women
    • City of London Corporation Talk
    • The DiverCity Podcast
  • Life & Style
    • Life & Style
    • Travel
    • Watches
    • Cars
    • Culture
    • Fashion
    • Food
    • Homes and interiors
    • The Sleep Spa
    • Discover the Costa del Sol
    • How to kick off the New Year the right way
    • Visit the Cayman Islands
    • Mesmerising Spain
  • Money
    • Money
    • Alt-fi
    • Crowdfunding
    • Investing
    • ISAS
    • Pensions
    • Personal banking and insurance
    • Schroders Talk
    • ISA Special
  • Sport
    • Sport
    • Cricket
    • Football
    • Formula 1
    • Golf
    • Rugby Union
    • Sport
    • Sports money
    • Tennis
    • The Punter
    • The Punter Podcast
  • Notices
    • Notices
    • Legal Notices
  • Charity
    • Charity
    • Giving 2020
    • Giving
    • Top 20 Donors
  • Podcast - The City View
  • Back to work
City A.M. links
  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Culture Corner
  • Tickets
Breaking News
Deloitte diversity chief 'facing internal investigation over bullying claims'
Sponsored Tuesday 11 December 2018 12:29 pm

Online Casinos: A new trend in handling withdrawals

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.

Learn more about Casumo

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.

Visit Casinostoplay

 

 

 

 

 

Share:
Tags: Trading Archive


  • Business
  • Industries
  • Markets
  • Technology
  • Leadership
  • Life & Style
  • Money
  • Sport
  • Giving
Follow us for breaking news and latest updates:

  • Stay up to date:
    Sign up to our daily newsletters
  • This field is for validation purposes and should be left unchanged.
  • About
  • Advertising
  • Privacy
  • Terms & Conditions
  • Latest Edition

Copyright © 2021 CityAM. Limited