Reverse withdrawal is a method used mostly by online casinos as a way of depositing money back into their online casino account. Most casinos that offer this function offer it without a fee however this option is only available while the withdrawal request is currently in progress. When a player makes a withdrawal request the process can take a certain amount of time. If during that time the player wishes to re-deposit some money into their account to play again, they may cancel their withdrawal request and deposit the funds back into their online casino account almost instantly.
While the withdrawal request is pending, you cannot bet with this money and it’s not available for withdrawal from your bank yet, so lots of players tend to use this request to make more funds available to them to play the game of their choice at an online casino.
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How Does a Reverse Withdrawal Work?
It’s based on the very simple principle that when a player withdraws money from his online account, the casino doesn’t debit the account immediately. Rather, it is made ready for transfer to the player’s bank account then can take a few days to make the transaction.
During this time as a player you’re able to change your mind and re-deposit part or all of the amount back into your casino account. You can simply go into the banking section of your online casino account and select reverse withdrawal. Many casinos have introduced this feature because it provides a means of enticing players to re-deposit their winnings and potentially lose them in the process.
For example in Microgaming casinos, the window is left open for a period than can range from 12 to 48 hours. Realtime Gaming casinos are usually in the region of 12 to 36 hours, while providers like Playtech can take up to 96 hours to have funds transferred into your bank account. In reality may casinos have realised that this practice doesn’t conform to the ethics set out when promoting fair gaming. With this in mind, many casinos these days are reducing the availability of this option to a period of one hour or removing it completely.
Reverse Withdrawal: The Pros and Cons
Reverse withdrawal is something you probably don’t want to use too much, try keep hold of your winnings and always play responsibly. Check out some alternatives for payments from the list below: