Withdrawal Methods: How to Cash Out Your Winnings

At Silversands Casino, requesting a player’s form of ID is standard procedure. This is done for every first withdrawal from the Casino.

Withdrawal Methods

The accounts department handles all withdrawals in two days. These days exclude Saturdays, Sundays, and public holidays. Depending on the player’s choice of banking method, some withdrawals may take up to 3 business days.

Players who withdraw using a credit/debit card must submit a fax back form. Our contact details are provided on the form. Payments will not be processed unless the form is filled out as per the requirements on it.

At Silversands, we pay out Jackpots and other winnings from bonus credits at the rate of R10,000. We pay all payments up to R100,000 within 2 business days, except on public holidays and weekends. Any other winnings earned within the same month are paid within a week. We process all withdrawals to your personal banking account. 

How to Cash Out Your Winnings

Debit/Credit Cards

Players who withdraw using a credit/debit card must submit a fax back form. Our contact details are provided on the form. Payments will not be processed unless the form is filled out as per the requirements on it.

Bank Transfers

As mentioned, all payments for withdrawals are made directly to our players’ personal bank accounts. This includes players who use alternative deposit methods, such as ecoPayz, Neteller, cryptocurrencies, Skrill, and other accepted forms of banking at Silversands Casino.

Terms & Conditions for Withdrawals

Terms and conditions for withdrawals vary between promotions and free credits, high rollers and private, weekly coupon promotions, and all deposit promotions.

R8888 Free Sign-up Bonus Terms

• Withdrawals are authorised after the first 3 deposits.
• To cash in the bonus, players need to cash in an amount more than the total of the purchase, including the bonus. Meaning players need to make a profit on the bonus before they can claim it.
•  If the profit made on the bonus is less than the bonus amount, the difference will be credited back to the players’ accounts to play with.
• If a loss occurs, more than the bonus amount will be inflicted on the players’ cash, excluding the wagering requirements.

Current Promotions and Free Credits

• The maximum that can be withdrawn from a free coupon is restricted to double the bonus amount. Amounts greater than that will be voided and not cashed out.
• Players cannot withdraw multiple wins in a row. The only time an exception is made is when a real payment for one of the bonuses was deposited.
• If no real money was deposited for the Santa Slots promotion, the player is disqualified from claiming the R100,000 prize.
• Only one player is allowed to withdraw from the same account.

High Rollers and Private Terms

• The total of the purchase and the bonus must be wagered 20 x before any withdrawal can be made.
• The wagering on Blackjack, Video Poker, Roulette, Craps, and Baccarat using this promotion does not meet obligations regarding the wagering requirements.
• A profit doubles the bonus amount must be made to withdraw this bonus.

Weekly Coupon Promotions

• In order to redeem a coupon, a deposit of at least R50 must be made.
• Only players to who the coupon was sent may redeem it.
• Players must not have any pending withdrawals, and an R0 balance in their accounts, to withdraw this bonus.

All Deposit Promotions

• No less than R50 must be deposited into a deposit coupon to redeem these promotions.
• When a deposit bonus is used, the amount appears in the players’ account as a Bonus Balance.
• All wagering requirements must be met before claiming these bonuses.

Conclusion

Silversands Casino accepts all standard payment methods for withdrawals. These include Debit and credit cards.  Neteller, Skriller, cryptocurrencies, ecoPayz, Bank Transfers, Cash Deposits and Internet Bankers will receive their withdrawals from their personal bank accounts.

Beyond that, withdrawals from bonuses and promotions come with terms and conditions. As stipulated above.