Cash-out Limits That Don't add Up

cash_out_limits_dont_that_dont_add_up_1

Online Bingo sites have a different set of rules and limits than casinos, therefore it is like trying to compare apples to oranges. Today, however, there is a fine line between bingo and casino sites. Back in the early days, there was strictly one software with a small section dedicated to slots and if lucky table games. Fast forward to the present and if it weren't for the list of bingo options it's difficult to differentiate the two. That is not a grievance instead a vast improvement and beneficial advantage of gambling options available at one location. Regrettably, every rose has its thorns and as we transcend through time some facets have slipped through the bingo cracks!

A Low Blow to Withdrawal Limits

For many bingo portals the withdrawal terms can be horrendous but before getting into the meat and potatoes of it all it is important to be fair. A player cannot expect to have the same cash-out rules as their casino cousins. The reason is they have a much higher profit margin and have the funds for larger single payouts. Revenue received by playing slots and tables produce wagers that can't compare to penny tickets to bingo games lasting 3 minutes or so. Despite that, the nonsensical rules aren't justified for lousy payouts.

Below is a comparison of withdrawal limits by software:

cash_out_limits_dont_that_dont_add_up_2

Cozy Games

  • The maximum weekly withdrawal limit is £300 for all games
  • In the case of you winning a bingo or slots progressive jackpot, you will be paid £1,000 each week
  • If we have approved a higher withdrawal limit of £1,000 or more for your account, please note that withdrawals of £1,000+ may take longer to process.
  • We only allow a total maximum monthly withdrawal of £5,000

Dragonfish

  • Minimum withdrawal £20 - revised to £5
  • Daily Limit - £1,000 - revised to No Limit
  • Weekly Limit - £2,000 - revised to No Limit
  • Monthly Limit - £3,00- revised to No Limit
  • We reserve the right to amend the limits in our sole discretion at any time
cash_out_limits_dont_that_dont_add_up_3

Jumpman Gaming

  • £1,000 per day
  • £3,000 per week
  • £5,000 per month

Parlay Entertainment

  • Minimum withdrawal $100
  • Customers may have only 1 withdrawal per week or in a 7 day period from our network websites
  • They reserve the right to break larger withdrawal amounts into smaller payments, issuing one payment per week until the total withdrawal amount has been paid in full
  • Customers may be sent up to $1250 per week and up to $5000 per month

Virtue Fusion

  • Minimum single withdrawal £10/€10
  • Maximum single withdrawal £10,000/€10,000
  • Maximum number of withdrawals N/A
  • Maximum total withdrawals £10,000/€10,000
cash_out_limits_dont_that_dont_add_up_5

Gamesys

  • All withdrawals subject to minimum and maximum limits per transaction, and such limits may vary depending on the payment method used
  • Withdrawal minimum is £10

Vista Gaming

  • The minimum withdrawal is $100.00
  • Withdrawals under $3000.00 will be paid out in lump sum
  • Withdrawals higher than $3000.00 will be paid out in increments of $3000.00
  • Withdrawals will not be reviewed or processed on Saturdays, Sundays, or public holidays

Leap Frog Gaming

  • All transactions are processed in USD
  • Only one withdrawal request in any 48-hour period
  • All cash-outs of $50 or more may be withdrawn by clicking on the 'Withdraw' button in the Banking section
  • All other withdrawals must be requested by email
cash_out_limits_dont_that_dont_add_up_6

888

  • The minimum withdrawal amount is £10
  • Request up to 10 withdrawals per day - withdrawals requested by the same method within 24 hours may be combined in one payment
  • Daily Limit - £1000
  • Weekly Limit - £2000
  • Monthly Limit - £3000

Byworth Entertainment

  • Withdrawals over £1,000 can only be remitted by Bank Wire
  • The minimum withdrawal is £30
  • There is no limit to the amount you can withdraw but there is a maximum amount that can be withdrawn. That is £2,000 (or the equivalent amount in USD, AUD, CAD or EURO currency) per month
  • Withdrawals above £2,000 (or the equivalent amount in USD, AUD, CAD or EURO currency) remaining will be placed back to the players account to be withdrawn the following month
  • Withdrawals below £250 (or the equivalent amount in USD, AUD, CAD or EURO currency), the bank wire transfer charges are borne by the recipient
cash_out_limits_dont_that_dont_add_up_7

Playtech

  • You may only withdraw £100,000 in any 30 day period providing a maximum of £10,000 can be withdrawn within 48 hours

Microgaming

  • Minimum withdrawal amount is €20
  • The maximum a player may withdraw in any given 30-day period is €5,000 with the exception of progressive jackpot wins
  • Withdrawals are free but limited to 1 transaction every 7 days. However, on some rare occasions there may be charges for some withdrawal methods
  • Withdrawals will be processed within 7 days, if all terms and conditions are complied with
  • Withdrawals of €500 or more ay be subject to a longer processing period

Aberrant

  • Has the right to add transaction fees for deposits and withdraws
  • Only winnings after a deposit can be withdrawn
cash_out_limits_dont_that_dont_add_up_8

SoftSwiss

  • You may request a withdraw on any or all of your balance at any time and there is no requirement to play the Games in order for you to make such request
  • All amounts cashed out to Bitcoins are subject to the transaction limits and processing fees
  • Payments will be made usually within 24 hours

Don't Get Caught in a Fool's Paradise

It is interesting to do a comparison of leading software providers and see the vast differences. In some cases, information, can be confusing or lack the most important factors like max limits. Misleading information that has a max daily limit set yet the monthly max limit allowed is unreasonably low, case example $1,000 daily - $3,000 max monthly. That means you aren't privileged $1,000 PER day more like 3 PER month to add up to their monthly terms. This leaves a player scratching their head because mathematically it simply doesn't add up! Also, the shoddy low daily cash-out limits like $300 when you win say, $900 will take three stinking weeks to get your money - really!

It can't be stressed enough the significance to reading terms and conditions of every site where a deposit is made. And if information is missing in the terms (as you can see above examples) bang on supports door and ASK! If not, a player is setting themselves up for false expectations.

Yes I get it, bingo games may not bring the same type of huge revenue as casinos thus payouts are more stringent, but hey what about the sites with integrated software? I can't help but think they are making a pretty buck off the slots department - no?

Members Comments

  • Lithuania Markotik

    5/2/17

    Great read! When it's put all together like this, it's really difficult to believe how strict and tight the rules are, and there's no clear or satisfying excuse for that, at least in my opinion; especially since most bingo sites offer slots nowadays. I think they earn quite enough to loosen up those terms. Perhaps there's another side to the story, and I'm talking strictly as a player.

  • Serbia zuga

    6/2/17

    excellent read Ava. Good to know about some of these hidden terms and things that do not add up.

  • United States lipstick_xoxos

    6/2/17

    When you compare T & C for the most part they are similar across the board which really stringent.

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from us flag United States read article British Graphic Designer's Post Code Lottery Concept Takes Off

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    1
  • Members Online
    12
  • Guests
    1,056


eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus

DON'T MISS OUT!

Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+


You have been successfully subscribed to receive LBB newsletter!