SilverPlay Withdrawal

SilverPlay Casino Verification/Withdrawal

Unfortunately, when it comes to payment policies, SilverPlay Casino does leave a lot to be desired! There are unfair fees that players have to pay when it comes time to cash out, and even restrictions on how much you can win from the online gambling house. 

That is why you need to make sure you read the following section of our review thoroughly if you are interested in betting here and only proceed with doing so if you find the conditions we will outline below to be acceptable: 

Payment Methods, Deposits, and Withdrawals at SilverPlay Casino

First things first, we’d like to start off by listing the payment methods that you could use to cash in or out of the online gambling house: 

• Credit/Debit Cards (Visa, MasterCard)
• E-wallets (Skrill, Neteller, MiFinity, EcoPayz) 
• Cryptocurrencies (BTC, ETH, USDT, and others) 
• Other payment methods (Volt and Interac) 

As you can see, there are plenty of choices available to those who would like to make deposits at the online casino. That said, the minimum deposit limit for any one of the payment methods is always the same, set to €20. This is an excellent amount, because the average online casino requires about as much to process your cash-ins, too.

There are no fees by the casino for processing deposits, which is also what we expected to see. In general, cashing in here has reasonable terms and conditions to it. Now, though, let’s take a look at the much less reasonable withdrawal policies of the gambling house, which reveal a lot of issues with the way that SilverPlay Casino lets you cash out: 

The withdrawal conditions of SilverPlay Casino

First things first, before withdrawing from the gambling house, you are required to have wagered your deposited funds at least 5x. Failing to do so will mean needing to pay a penalty fee of 8% of the funds you are withdrawing. These kinds of turnover requirements are pretty common nowadays, but are usually set to 1x.

At their highest, they are found at 3x, in very rare cases. So, we believe that this turnover requirement was put in place to make cashing out harder, rather than for the usual reasons of deterring money-laundering at online casinos! 

When it comes to the minimum withdrawal limit, it is also set to €20, which is still great, and well in line with the average we expect to see nowadays. The same is true about the maximum weekly withdrawal limit of €5000, which is pretty good. 

But what we don’t like about the cash-out process is that withdrawing more than once every 30 days will carry a fee of 8% of the withdrawn amount. If you want to cash out without a fee, you will need to wait up to 30 days, which is completely unacceptable! This policy is, without a doubt, the worst thing about the online gambling house.

As for the amount of time that processing withdrawals can take, this is said to be up to 72 hours per transaction, which is actually fair enough, in our experience, and falls neatly within what most online casinos nowadays demand of players, too. 

Finally, even though it is not really a part of the withdrawal policies of the betting site per se, you should know that the maximum winnings per day from any kind of online gambling activity at SilverPlay Casino are always set to €100,000 per day, even including progressive jackpots. This is very unfair, in our view, and goes against the spirit of why people play games of chance in the first place!

SilverPlay Casino Verification

As a legitimate online casino, SilverPlay Casino does need to verify your account. This is done in order to prove that you are over the legal age to gamble in your country, as well as to prevent people from laundering money and engaging in other forms of fraud. That said, the online gambling house does not make it clear whether you are required to get verified before withdrawing for the first time.

If you are interested in the documents that you will need to submit to get verified, these include pictures of an ID, such as a passport, driver’s license, and so on. You might also need to take and submit pictures of the credit or debit card you have deposited with. In other words, these are all very common requirements for verification at any online gambling house nowadays.