Velwins Withdrawal

Velwins Verification/Withdrawal

Within the current section of our review, we’d like to discuss one of the most important aspects of the betting site: The withdrawals process and payment methods that players can make use of to get their hands on their winnings. There is also the question of the verification process at Velwins, which we will pay attention to, because it impacts how fast you can get your hands on these winnings, too.

However, before we can get to the withdrawal conditions, we would like to also take a look at the rules of the online casino regarding how players can cash in to it in the first place:

Payment Methods, Deposits, and Withdrawals at Velwins

The deposit methods and policies at Velwins

First off, let’s discuss the payment methods that are available at the online betting site for its players to use when cashing in. There is a pretty decent range of them to pick from, including the following options:

• Credit/Debit Cards: You can cash in via bank cards, with both MasterCard and Visa being available as options at the online betting site. These make for an easy and straightforward deposit process at the bookie.
• E-wallets: There are three e-wallets you may use at the online betting site: Revolut, Skrill, and Neteller. Payments via them are convenient and inexpensive.
• Prepaid Cards: If you want to cash in without sharing any personal banking information at the online casino, you may use PaysafeCard and Flexepin.
• Cryptocurrencies: A wide range of cryptocurrency tokens is available at the online gambling house, including both popular options like BTC, USDT, and ETH, as well as more obscure tokens, such as TRX. These are excellent for players who value their privacy!

Regardless of which of the payment methods you want to make use of, there will be no fees by Velwins for doing so. However, some of the payment methods might have additional third-party charges that you might need to cover. For instance, every crypto transaction requires a miner fee to be paid. This is the case regardless of where you are cashing in, though!

Another aspect of the deposit policies of the online betting site that we love is the fact that you can cash in a very low minimum amount here, of just €20. This limit is set across all of the different payment methods accepted by the bookie, and is right in line with what we expected to see!

The withdrawal methods and conditions at Velwins 

Before we get to the withdrawal conditions of the bookie in proper detail, we should mention that punters who are trying to cash out from it need to consider the turnover requirement before doing so. Like most online bookies nowadays, Velwins does not allow you to cash out unless you have wagered your deposited funds a certain number of times. Here, this number of times is set to 3x your deposit.

This kind of requirement might sound a bit unfair to newer players, but it is an incredibly common requirement that you would be able to find within any licensed bookie nowadays. Sure, the limit is sometimes lower, set to 1x, but it is always there. The reason behind it is combatting money-laundering in online casinos. With that in mind, let’s take a look at the withdrawal methods at the bookie:

• Bank Transfers: Bank transfers are a great way to cash out safely, and can be performed at the online betting site by players.
• Skrill: Unfortunately, the only e-wallet you may use to cash out from this bookie is Skrill, which is somewhat disappointing. Still, having access to one e-wallet is better than none!
• Cryptocurrencies: A smaller, but still substantial, range of 5+ crypto tokens is available at the online betting site for withdrawals. These include BTC, ETH, LTC, TRX, USDT, and ERC20.

Now, let’s discuss the policies for using these payment methods. As with deposits, there are no fees for cashing out of the online bookie by the bookie itself. However, the same third-party charges that we mentioned might be something you encounter in the bookie. Either way, that is the case in all betting sites nowadays.

The minimum withdrawal limit for all payment methods here is just €20, which we find to be excellent. It matches the minimum for deposits and the average that we expect to see in the average betting site nowadays. The only downside to the withdrawal policies of the bookie that we can point to is the maximum withdrawal limit.

This limit is set to €500 per transaction, which is just too little in our view. Sure, the limit can be extended through the VIP program of the bookie, but it should have been higher to begin with! Either way, the processing time for the transactions from Velwins is said to be up to 72 hours, but it is way shorter in our experience.

A processing time of up to three days is fairly standard, though cashing out via a Bank Transfer might incur an even longer delay, due to the internal verification policies that your bank needs to complete before approving such transactions. We recommend using the rest of the payment methods if you don’t want to wait around!

Velwins Verification

As a licensed online casino, Velwins is required to verify the accounts of its punters in order to make sure that money laundering, fraud, and so on, simply cannot take place on the betting site! The verification process is pretty straightforward and should not be an issue for experienced punters. That said, if you are wondering what the verification process entails, or how to clear it, read on:

During the verification process of any betting site you may play in nowadays, you are expected to submit certain personal documents by taking pictures of them, and then uploading them to the online bookie. Here are the documents that you might need:

• Proof of ID: A proof of ID is the most basic verification requirement, and can be cleared by sharing a picture of your passport, your ID card, driver’s license, etc.
• Proof of Address: You might need to verify your address for the purposes of verification in certain cases. This is done by uploading a picture of a recent utility bill.
• Proof of source of income: Finally, in some rare cases, the betting site will check the source of your income by requesting you share a paystub or a bank statement.

There is no mention in the Terms and Conditions of the betting site of how long it takes it to verify your account at most. In our experience, bookies generally need up to 3 days to do so, with delays of more than that amount of time being possible in certain extreme cases. For assistance with verification, contact the Support of Velwins ASAP.