How To Avoid Deposit And Withdrawal Fees On Online Casinos

Hidden fees on online casinos can quickly reduce your bankroll to almost zero, and can make a jackpot feel like a disappointment when you have to pay to withdraw your winnings. Many online casinos hide fees in the fine print, making it almost impossible to find out about transaction costs, currency conversion fees, or inactivity charges. 

Fortunately, there are some ways that players can avoid the majority of these fees, which starts with recognizing where the fees may impact their transactions. 

Fees Associated With Online Casinos

Most online casinos do ask for additional payments in return for their services. These payments are often stated upfront, like fees for processing transactions. It’s important to understand what these fees are and when to expect them, so that players can keep track of their bankroll and make smart choices to increase their profitability. 

Deposit fees

Players need to upload funds before they can start gambling. There are several deposit options available, including crypto payments, bank transfers, credit cards, prepaid cards, and digital wallets. Each of these deposit types will incur a fee that must be paid by the player. These fees are not enforced by the casino platform, but by the payment processor. 

Here are some tips on how to be more aware of deposit fees:

• Check the minimum and maximum deposit limits. 

• Check the fees associated with each payment method. 

• Deposit limits are flexible and may increase for regular players. 

• Check out any deposit bonuses to get “free” funds when signing up for a platform. 

Withdrawal fees

Once you’ve played a few games, you might want to withdraw your winnings. Most online casinos charge withdrawal fees, which amount to a percentage of the total being withdrawn, while others have fixed tariffs. 

Casinos also have withdrawal limits, which determine how much money can be withdrawn at any time. Attempting to exceed these limits may incur additional costs. 

How To Avoid Fees On Gambling Transactions

Once you are aware of the different fees that may impact your gambling transactions, you can use various strategies or payment methods to avoid these fees.

When depositing

Below are several ways in which you can avoid deposit fees:

• CashtoCode: Cash to Code casinos are the ideal solution for players wanting to completely avoid deposit fees. These casinos allow users to gamble using a cash-based voucher, which generates a unique code. You purchase the CashtoCode voucher in person (using cash), and then your account is instantly credited, without any hidden costs. Neither the casino nor CashtoCode will require any additional costs, giving you instant funds to start playing. 

• Play in your currency: Even a casino that offers free deposits will have some currency conversion costs. If you’re depositing funds in a different currency than your account, you may be charged according to conversion rates, or the casino may add a commission to perform the conversion. It’s best to perform deposits using your local currency (or the currency of the casino platform) to eliminate any additional fees. 

• Stick to minimum deposit amounts: If you’re deposit doesn’t meet the platform’s minimum amount, you will incur steep fees (or the transaction may be rejected). Stay within the stated thresholds to avoid these processing costs. 

When withdrawing

The tips below can help you avoid withdrawal fees:

• Consistently use the same payment methods: By switching between different withdrawal methods, you may get hit by hidden fees. Some platforms may impose fees when a player is constantly switching between different methods, or if their withdrawal method differs from how they deposited funds. If you’re depositing with a digital wallet, use the same wallet for your withdrawals. 

• Choose fast-payout casinos: Casinos that offer fast withdrawals usually have transparent and straightforward fee structures. Slow processing is often due to obscure costs. Opt for platforms that offer withdrawal processing within 24 to 48 hours. Alternatively, play on a crypto casino as crypto transactions don’t have any transaction fees usually associated with bank transactions. 

• Consolidate your withdrawals: Each individual withdrawal may incur a fee, so it is best to consolidate your winnings and withdraw it in one lump sum (within the casino’s withdrawal limits). If there is a threshold for free withdrawals, stick to this amount. 

• Check all withdrawal policies: Most transaction fees are hidden in the fine print of the terms and conditions. Casinos often charge flat fees or percentage-based costs, depending on the withdrawal method used. The best way to avoid unnecessary fees is to do your due diligence before choosing a casino. 

General tips to avoid hidden fees

Keep the general tips below in mind when making deposits or withdrawals, or when researching casino platforms, so you can avoid any additional fees.

• Carefully read all the terms and conditions: This can help you save money, as the Ts&Cs will mention the casino’s fee structure. This can include deposit and withdrawal limits, admin costs, inactivity fees, currency conversion rates, and fees associated with different payment methods. 

• Only play on licensed casinos: Licensed casino operators are monitored by reputable gambling authorities to ensure fair play and transparency. Unregulated or unlicensed casinos may use hidden fees to get more money out of their users. 

• Withdraw all your funds when not playing: If you plan on being inactive for a prolonged period, it is best to withdraw all your funds to avoid incurring fees. Alternatively, you can log on during your planned inactivity period without gambling, just to keep the account active and avoid inactivity costs. 

• Use bonuses to your advantage: Bonuses can include deposit bonuses, loyalty rewards, withdrawal bonuses, and more. If you can meet the wagering requirements, you can use bonuses to your advantage to negate any additional costs. 

Almost all transactions on online casinos will incur some type of fee, and it’s the player’s responsibility to do the research and uncover what these fees may be. By being aware of the casino’s transaction policies and playing on reputable sites, you can avoid any unexpected costs and get the most money from your gambling sessions.