Casino Withdrawal Reversals: Tips for Reversing Payout Transactions

You've experienced the thrill of winning that poker game, or that newly released flashy slot, and decided to empty your wallet and treat yourself to lunch at that trendy new spot which just opened up in your neighborhood.

So you process a payout transaction and send your identity documents in for verification. The procedure goes through and you receive a message letting you know the transaction will be processed following the pending period.

But then, you spot a special offer for a slots tournament and decide that you just might have a chance at earning the win of a lifetime. What to do under the circumstances? Especially if you feel you're in no mood to inject a fresh flow of funds into your wallet?

Depending on the status of your transaction and the betting website you happen to be registered at, you might actually be able to opt for a casino withdrawal reversal. Here we shall be taking a look at the steps involved in the procedure and important tips and pointers worth taking into consideration.

Processing a Casino Withdrawal Reversal

Although slight variations exist procedure-wise depending on the betting website you are registered at, the entire process required by wagering establishments which permit transactions in this category, generally follows a similar pattern.

First of all you will need to log into your account, following which you will need to click on the 'Cashier' section. Next, you will need to select the 'Payout' option. Once this screen appears, you will be shown a full list of transactions that are awaiting approval.

Simply select those which you wish to have reversed and click on the 'Cancel' option and the funds will be instantly sent to your account.

Casino Withdrawal Reversals and Restrictions

It is worth noting that certain betting websites that permit these transactions may restrict this service to clients residing in certain countries.

For example, certain wagering operators in this category may not permit clients who reside in the United Kingdom to have their funds returned to their accounts. Other betting websites that permit the procedure may actually suspend its availability for a set period of time.

It is also worth noting that payout times vary depending on the betting establishment in question and its accepted methods.

Key Points Worth Noting

Certain betting fans advise against casino withdrawal reversals. This is due to the fact that they believe that it is advisable to withdraw your winnings once they are available. They also tend to believe that transactions in this category place your winnings at risk of never being recuperated since they feel the probability of the cash getting used up in unlucky bets is rather high.

It is also worth noting that the procedure may not be a viable option depending on the establishment you are registered at even if it does permit withdrawal reversals. For example, if you happen to have used e-wallets at a betting website that permits instant payouts using them, you may be unable to cancel the procedure.

The same may hold true if you happen to have processed a payout transaction using cryptocurrencies such as Bitcoin, Litecoin or Ethereum since operators which accept them tend to process payouts instantly as well.

However, we strongly recommend checking with the wagering establishment's customer care team if you require any clarification on the entire procedure.