Online betting has been rising in popularity for many years, and there's an ever increasing number of both sites and players looking for ways to make money. But if you do end up with profits how do you get your hands on them, or reverse a withdrawal from Genesis Casino and other online betting sites? Read on for all that you need to know.
Getting Winnings and Transferring Money
Getting ahead and making withdrawals at Genesis Casino and other online betting sites is an enjoyable challenge, and there are certain tips and tricks that players employ in a bid to give themselves an edge when it comes to making profits.
Top of the list has to be bonuses. Be aware that every bonus does have its own set of terms and conditions, including those from Genesis Casino. Withdrawal caps and wagering requirements are the two big ones you typically need to look out for, and be aware that deposit matching promos often require a specific payment method. In addition, most casinos want you to use the same payment method for withdrawals (whether you reverse them or not) as deposits. Despite these limitations bonuses still offer great potential for making profits (the first step in making withdrawals, or reversing them, of course). Free cash promos means you can have a chance of making real money at zero risk of a loss. Deposit matching can double your playing funds so there's more opportunity to finish in the black. And cashback can reverse your losses to a small extent and take the sting out of finishing behind.
One approach players sometimes use to keep an eye on progressive jackpots. These are massive prizes that rise every time a spin occurs and the slot doesn't pay out the top reward. Upon being won they reset back to a floor (which is still often very high). Some players only opt for progressives when the jackpot rises well above this, on the theory that this means the jackpot is 'due' to drop. If this appeals to you then it's worth researching the average prize of a progressive slot and then only playing when the jackpot has exceeded that figure.
But if Lady Luck smiles on you and you finish ahead, how do withdrawals from Casino Genesis and elsewhere work? There's a special option for a sort-of reverse withdrawal which we outline at the end of this article (the Reserve, not a 'reverse' typo). But for the most part transfers from Genesis Casino work much the same as for other online betting sites.
Players need cash to withdraw, and terms applying to this, including transaction fees, payment methods, and the reverse withdrawal process can vary. There's more detail on the precise payment methods for withdrawal at Genesis Casino below, but e-wallets, debit and credit cards, bank transfers, and cryptocurrencies are among the most common options.
Reverse Withdrawals
Most online betting sites present players with the facility to reverse withdrawals if the player changes their mind. There are various reasons a player might reverse a withdrawal, including those from Casino Genesis, such as recent losses or simply accidentally withdrawing too much. A special option that can be used instead of a reverse withdrawal at Genesis Casino is the Reserve, which avoids the payment methods transfer fee and saves time, and is well worth considering.
It may be possible that reverse withdrawals will be banned by various national legislatures who fear it is indicative of problem gambling. If that does happen then other means may be implemented by casinos, including Genesis Casino's own interesting reverse withdrawal alternative, the Reserve (see below).
Payment Methods
When it comes to making withdrawals from Genesis Casino, or deposits, there's a wide range of payment methods available for players to choose from. Many can be used for both moving money into or out of the casino (or reverse such a measure), and the extensive selection of payment methods means everybody should be able to find a banking option that suits them, despite some being geographically limited for reasons of national legislation.
On the (reverse) withdrawals front, a key factor is the time it takes for a transaction to be processed. Many can be instantaneous, in which case if you change your mind about a reverse withdrawal and want to have increased playing funds the best approach is just to deposit whatever sum you prefer so you have enough cash to play with (always ensuring that you're only betting disposable money you can afford to lose). E-wallets and cryptocurrency options tend to have pretty much instant transaction times in this way.
Debit and credit cards offered by Visa, Mastercard, American Express, and so on frequently have increased transaction times, not necessarily a bad thing if you may reverse the process. For example, using Visa as a withdrawal payment method entails an expected processing time of 1 to 3 days, providing plenty of time for a player who decides to reverse the transaction to get in touch with customer service and have the process reversed. Similarly, bank transfers are a payment method that takes 3 to 5 days for withdrawals from Casino Genesis, and also offer a window of time through which to reverse the process and change one's mind.
Be aware that withdrawals from Genesis Casino entail a 2% processing fee at the point of processing, so those who think they might reverse should not only consider their preferred payment method but also perhaps just delay until they're certain if they want to withdraw, to avoid incurring this charge unnecessarily.
The Reserve
The Reserve is a nifty feature available at Genesis Casino, and those who think they might end up reversing a withdrawal can really benefit from using this special feature instead of organizing a withdrawal and then subsequently reversing it and spending time and effort on that.
The Reserve enables players to shift funds out of their playing account without actually moving money out of Genesis Casino. This means you can either shift it back and use the money to play again, or you can pick your payment method at leisure and withdraw without transferring the money out of the site altogether only to subsequently reverse it. It's a handy alternative option to a reverse withdrawal from Genesis Casino as it gives players time to consider their options and set aside a specific sum without actually needing to move it off-site right away. When players have a big or moderately large win, many withdraw a large chunk of it, but then find they've reduced their playing funds a lot and end up in the slightly silly situation of having won lots of money but not having enough to play with. The Reserve is the perfect facility to avoid this farce, or the rigmarole of a reverse withdrawal from Genesis Casino, and because no payment method is involved there's no transaction fees either. As Charlie Sheen might say, it's bi-winning.
The Reserve is unique but it's also just one part of this casino's approach to withdrawals, deposits, and other aspects of money management to give players the tools they need to play in a safe and secure way. The Reserve functions to allow players to effectively reverse their mind on withdrawals without the palaver of actually withdrawing and then reversing it. Transfers to and reversals from the Reserve are instant and there's no limitations on the funds that can be shifted in this way.
We hope you found this article on withdrawals from Genesis Casino, and online betting sites generally useful, including the info on reverse withdrawals and the interesting approach taken by the site with the Reserve. If you ever have problems with payment methods don't hesitate to give a site's customer service team a bell and they should be able to resolve the matter for you.