When you play games with real money online, you expect to cash out your winnings eventually. Depositing funds to play games in online casinos is usually an almost instantaneous process, so you’d expect withdrawing winnings to be just as easy, but that is mostly not the case.
When you withdraw money from online casinos, you have a number of options, such as bank transfers, credit or debit card withdrawals, or e-wallets. These methods vary in the speed of withdrawals. It can take up to eight business days to get your money, so it is no wonder why most online bettors look for other ways to withdraw their money safer. That’s why Bank IDs have been introduced in casinos to help speed up the process.
Bank IDs are widely popular in the Nordic region of the world, especially in Finland, where the online casino portal Kasinonetti.com knows all about users wanting to play at casinos where they can use their Bank ID. In this part of the world, it has been in use for over a decade now. The operation is next to seamless, so you have your money withdrawn with a minimum of problems.
Additional Fees When Using Bank ID for Online Gaming
Bank IDs are the easiest way to play when you want to gamble online, and they require no additional fees. Processing time also takes a maximum of 10 minutes.
How to use Bank IDs to Make a Deposit at an Online Casino
Instant deposits are one of the advantages of using Bank IDs when gambling online. Your data is also protected at all points of your registration. Bank IDs reduce the amount of time required to register when signing up at an online casino. There are also no added charges when using Bank IDs to deposit.
● Visit the casino of your choice and click play now
● Select your country
● Choose your bank from the options
● Input the sum of money you wish to deposit and type in your bank ID. The online casino will create your account for you using the details from your ID, thereby speeding up your registration time.
● Complete the steps required by your bank to clear the payment and wait for your deposit to go through
● Start playing!
Using a Bank ID when playing at online casinos is the easiest way to deposit and withdraw money. However, Bank IDs are currently only available to users in Norway, Finland, Sweden, and Germany.
How to Use Bank ID to Withdraw From an Online Casino
Bank ID withdrawals are as fast as deposits. This is because you do not need to verify your identity before withdrawals in the same way that other withdrawal methods would require. It saves you time, and the inconvenience which attempting to verify your identity might cause.
If you want to withdraw from an online casino using Bank ID, even if you didn’t use it to start playing, follow the steps below:
● Select withdrawals from the menu options
● Enter the amount of money you wish to withdraw
● Select Trustly as your preferred method of withdrawal
● Connect your ID number to the casino account
● Initiate the transaction
● Wait for the transaction to go through. This should take about five minutes.
● Enjoy your winnings!
If you used your Bank ID to start playing at an online casino, click on withdrawal and specify the sum of money you want to cash out. The sum of money is immediately sent to the bank account you made your deposit.
It doesn’t get any easier than that, does it?
Pros And Cons of Using Bank IDs for Online Gambling
Using Bank IDs abolishes the requirement of going through the typical registration at your preferred online casino. You can sign up and start playing your favorite games without having to go through a lengthy registration on the site. It also allows you to deposit and withdraw funds in mere minutes. It is convenient and seamless.
Transactions that are initiated on the gambling site are protected by both the bank and the gambling operator, and your data remains safe and legally protected. You do not expose any of your sensitive personal information when using your Bank ID. It is also free of any additional costs.
On the downside, players who use Bank ID are not anonymous. So, if you want to remain anonymous, Bank IDs are not the best option for you. Bank IDs are also not widely available all over the world but are only available in select countries, such as Sweden, Finland, and Germany. It is, however, likely that more governments will adopt this innovative technology in the near future, not just for online gambling but as a general payment option.