Home » Casino news » What is a Reverse Withdrawal?
For new players, choosing an online casino can seem like a daunting task. The terminology can feel overwhelming, as are all the facts you are meant to keep track of. If you hope to track down an optimal choice, you have to consider numerous factors. Good coverage of different payment methods, great bonuses, player-friendly terms-and-conditions and many interesting games!
This can lead to prospective punters feeling overwhelmed, and deciding this may not be the hobby for them. This is why we do our best to keep our reviews easy to read and mentioning extra details later on. We want our readers to have fun first, and later learn how the house edge in online casino games work. Reverse withdrawals fall into the same category. Important knowledge, but not essential.
Reverse withdrawals or pending periods are the ability to cancel your withdrawal request. A large number of online casinos take time to process your withdrawal request. This can range anywhere from a few hours to several days. At first glance, reverse withdrawals can seem like a service you would want. Maybe you win some more while playing, and want to combine it all into one big withdrawal.
However, the more likely option usually ends up being the opposite. Losses are something all casino members face at some point or another. If you have a sizeable amount of rupees waiting to be processed, you may choose to stop the withdrawal. That way, you have more funds to play with, and possibly make back your losses. At least, that is the best-case scenario of what could happen.
Being able to reverse a withdrawal is an option you want to take advantage of sometimes. However, there are ways to exploit it, and less ethical operators might use them to their advantage. This comes in the form of the pending period; the time it takes your request to be processed. Ideally, this should only take enough time for their staff to ensure the funds you won are legitimate. A few hours, up to a day at most.
Unfortunately, not all online casinos work with that mindset. They will set pending periods to last much longer than expected. Most operators of this type set it between 24 and 48 hours. While not ideal, it can at least be understandable. There are also operators that will set their pending periods to be up to five days! At that point, the goal of the operator is quite clear.
The important thing to remember is that reverse withdrawals are not negative in themselves. Only when they are combined with long-pending periods for withdrawals do they become problematic. The casino is tipping the odds in its favour, hoping a streak of bad luck will come for you. At that point, you are much more likely to reverse your withdrawal and keep playing instead of pocketing the money.
In order to avoid the temptation of reverse withdrawals being used against you, you can take several steps. The best one would be to look up this information ahead of time before choosing a casino. If pending periods for withdrawals with that operator are longer than twenty-four hours, you may want to look elsewhere. That said there are players who have already picked their casinos and do not want to leave.
One option you can try is to request the operator ‘manually flushes’ your withdrawal. This is done by writing a ticket to support staff requesting your withdrawal is taken out of the pending process. That way, it will go straight into queue for processing, ensuring you get it faster. Keep in mind that not all online casinos allow you to request manual flushing, while others only allow it for VIP punters.
Another option would be to self-exclude for a few days while the payment is processed. This is extreme but should be considered if you have problems with self-control. You can do this by physically stepping away from your hobby for that time. If that is not an option, you can also request a self-exclusion for a few days.
All operators reviewed at Indiancasinoclub.in follow responsible gambling rules. As such, they will have to honour your request, ensuring your payment arrives safely.