Basic Terms And Conditions Of Deposit Bonuses
All of the best online casino reviews have terms and conditions that users should read and accept upon registration. Sometimes, these documents are so long and detailed that people skip reading them.
However, these terms and conditions contain some important details regarding the games, winnings, and bonuses. Check out some of the main conditions for claiming casino bonuses.
All bonus programs include wagering requirements which define how many times players should bet with the bonus money before they can withdraw it. It means that players cannot cash out the bonus money. They have to wager it and withdraw whatever their winnings.
For example, casinos that offer a 200 deposit bonus have an average of 30x wagering requirements. If you deposit £100 and receive another £200 bonus money, you should bet with this money 30 times. And if you’re lucky to win anything, you’re free to withdraw it.
The wagering requirements can be between 20x and 60x. Some online casinos offer no wager bonus programs but they are very rare.
The wagering requirements also define which games are qualified for playing with bonus money. Don’t forget to check that subpoint and find out the list of eligible games.
After claiming the bonus, players have a limited time for wagering it. If the players cannot meet the wagering requirements within that time frame, their bonuses expire.
For example, some casinos offer 30 days for wagering the 200% deposit bonus. However, not all gambling operators are so generous with time limits. Most casinos offer 7-14 days for wagering the registration bonus and up to 7 days for playing with free spins.
Though some players may complain about the time limits casinos set for bonuses, they are required for reminding users to use their bonuses. It allows casinos to identify active users and motivate them with more awards.
Excluded Payment Methods
Usually, online casinos provide players with multiple options for depositing money but not all of them are qualified for bonus programs. It mainly refers to e-wallets. If you deposit money via Skrill or Neteller you won’t be eligible for claiming your bonuses. Some casinos include Paysafecard also on the list of excluded payment methods.
The reason is that e-wallets allow users to up their casino balance anonymously which contradicts the KYC regulations of casinos. On the other hand, in the case of paying via credit cards, it’s easy to identify the payer. So, it’s all about security and player identification.
Deposit And Withdrawal Limits
The deposit limit is a key requirement that players should check out before claiming any bonus. If you don’t know what the minimum deposit limit is, you may lose your chance of claiming your first deposit bonus if you add less money than the required amount.
For example, if you’re planning to claim the first deposit 200 casino bonus UK but instead of adding £20 (the minimum required amount) you add only £15, you won’t be eligible to receive your bonus.
Besides deposit limits, casinos set withdrawal limits as well which differ depending on the payment system. Usually, players forget to check the withdrawal limit until they try to cash out their winnings and get declined. So, remember to go to the Payments section and check both deposit and withdrawal limits for your preferred option.