Reversible withdrawal is part of the payment methods used by some online casino players. It's little known, however it has some advantages that are good to know. Indeed, reversible withdrawal can instantly cancel an instant deposit or a withdrawal made in advance. Online gambling establishments accept this method without an additional fee or commission. However, reversible withdrawals aren't effective after the payment has been processed. Once this is done, it is unfortunately impossible to go back.
The transfer process of a reversible withdrawal is as follows: The player begins by making an order to withdraw his account. Often, when conducting a payment by wire transfer or credit card, you must wait several days before the transaction is processed. The first advantage of the reversible withdrawal is that it allows you to avoid such long waits. In normal transactions, while the withdrawal request made by the player is "ongoing" or "pending", the player can neither play nor withdraw or deposit money into his bank account. However, the function is reversible withdrawal somehow overrides the other: even if payment is not formalized, you can still play immediately.
Withdrawals and deposits
Reversible withdrawal allows the user who withdrew funds from his account to change their mind during the transfer if desired. Indeed, the casino cannot charge immediately transferred the money because it is placed "on hold". Basically, online casinos have introduced this payment method to allow players to redeposit money on their game account, despite the circumstances. The reversible withdrawal is therefore a marketing tool used by leading brands to attract customers. Microgaming, Playtech and Real Time Gaming offer this payment without any issues. However, in the struggle for fair gaming, eCOGRA has condemned this method of payment and it is possible that not all the casinos will offer it. Indeed, this option is very dangerous for compulsive gamblers who don't use common sense.
- Among all methods of payments, reversible withdrawals allows instant access to live games. In addition, money is not yet processed which leaves a margin for the player who does not have the financial resources at the time.
- The withdrawal is basically a reversible method of anonymous payment. So you run little risk.
- The reversible withdrawal is a transfer option promoted by the biggest names in online casinos: Microgaming, Playtech and Real Time Gaming.