Reverse Withdrawal Casinos
Reverse Withdrawal Introduction
Reverse Withdrawal is a method used by online casinos to allow the players to deposit more money. Using this method, players are allowed to cancel a request for a cash withdrawal from an online casino, and instead use these funds to make another deposit into the player’s casino account. In order to promote this payment option, most casinos that feature reverse withdrawal have kept this option free and instantaneous. This option however, is only available when the withdrawal request is still pending.When a player requests a withdrawal, there are often queues, and the processing time is usually lengthy. In order to avoid long queues and drawn out processing periods, the casinos are usually glad to offer the Reverse Withdrawal option. Typically when the request for a withdrawal is pending, the player can neither use the money to play games, nor have the money deposited in the account. This tends to tempt the players to choose the reverse withdrawal option, because at least with this option the money can be used.
How does Reverse Withdrawal Work?
The Reverse Withdrawal works on a simple ideology. When a player chooses to accept a payout and withdraw money from his/her casino account, the casino does not immediately process the account; instead the withdrawal amount status is set as “pending”. During the time that the money is held as pending, the player can choose to change his/her mind and deposit this money back into the casino account.Typically, in order to conduct a reverse withdrawal, the player needs to go into the deposit section and select the reverse withdrawal option. Once this is done, the player is presented with a list of withdrawals that are still pending and so may be reversed. When the player selects the required reverse withdrawal amount, this amount is re-deposited into the casino account and can be used in the casino to play games.
Many casinos have been known to introduce this feature as an enticement to re-deposit money into the casino account. Typically, Microgaming casinos allow a window period of 12 to 48 hours during which time the withdrawal can be reversed. RTG casinos are a little faster, with the window period being between 12 and 36 hours, whereas casino software like Playtech tend to take around 96 hours. The longer the window period, the more enticing the option of Reverse Withdrawal is. CryptoLogic casinos however do not usually have a window period, and the withdrawal processing is immediate
Most casinos have recognised that this feature is not in keeping with their social obligation to promote fair gambling. With this in mind, many casinos will reduce the window period to 1 hour, and are even willing to eliminate it altogether on request. There are also some casinos who “flush” the money into a processing queue so that it is never in a pending status, thereby eliminating the availability of the Reverse Withdrawal option
