Casino Withdrawal Lock Feature (2023) – Responsible Gambling
Responsible gambling has been a hot industry topic for a while now. Although most adults have no problem with a bit of leisurely gambling, the risk of addiction is all too real for some. Casinos and sports betting sites are under increasing pressure from regulators to be more responsible and help protect the vulnerable.
The idea of safer gambling tools, such as deposit limits and self-exclusion, is not new. But a relatively recent innovation comes in the form of the withdrawal lock feature. Although still not widely implemented by casinos worldwide, it is becoming increasingly common. But what exactly is this function, and how does it work? What are the benefits of a withdrawal lock feature in responsible gambling, and how easy is it to implement?
The information contained within this guide to casino withdrawal locks answers all of these questions and more.
What Does Lock Withdrawal Mean?
Put simply, the withdrawal lock feature allows you to remove all possibilities of cancelling and reversing a payout request.
Many casinos and sportsbooks offer users the opportunity to reverse withdrawal requests. Rather than reaching for your wallet and entering all those pesky card details, reversing a payout replenishes your balance with a single click. But for some players, that convenience becomes problematic.
A lot of gambling sites take several days to process withdrawals. And if you’re someone who struggles to resist temptation, the ability to quickly and easily cancel a pending payout can be very tempting. Problem gamblers, who find it challenging to stay in control, often end up deeply regretting the decision to reverse a withdrawal.
Withdrawal Locks: How-to Guide
Every casino is different, but the process of enabling a withdrawal lock is broadly similar. Rizk Casino was the first online casino to offer this tool, so let’s use their site as an example. Here are the steps to follow in order to lock a pending payout:
- Log into your casino account;
- Visit the “My Account” section from the left-hand menu;
- Select “Transactions” at the top-right of the screen;
- In the status column, click “Lock” next to the relevant transaction;
- Read the confirmation pop-up and press “yes”;
- The status will change to “Waiting Approval”.
Some casinos now allow you to lock the withdrawal while actually submitting the payout request. But even if the site doesn’t permit this, you can always lock the transaction later from your account’s payment history section.
Why Should I Use Withdrawal Locks?
Speak to any problem gambler, and you’ll hear the same kind of story time and again. They deposit a large sum, manage to escape a long gaming session with a win, and request a withdrawal. The relief is palpable, and they vow not to play anymore.
However, soon afterwards, the urge to play kicks in once again. All they need to do to release their winnings is to click one little button. They reverse the withdrawal, and in no time at all, they’ve lost everything.
If only the casino could transfer that money straight into their bank account, there would be much less temptation, and all of the frustration, anger and shame could be avoided. That’s where the withdrawal lock feature comes into play.
A fairly new invention, not all casinos allow you to lock withdrawals at the moment. But where available, it removes the ability to reverse a cashout request, along with the associated temptation. Casinos offering this feature are coming in for praise, as it is proving to be a useful responsible gambling tool.
Should I Play at Online Casinos with No Lock Withdrawal Option?
Ultimately, how you decide to gamble online is entirely up to you. But withdrawal locks are definitely something we recommend exploring. This feature is an absolute godsend if you’re susceptible to problem gambling.
You could say that it will make little difference for the majority, the kind of people who maintain complete control over their gambling. It’s more of a “nice to have” option for such casino players. But it certainly won’t do them any harm to have a choice.
However, if you’ve ever shown signs of losing control when gambling, you really should play at casinos with a withdrawal lock feature. If you can’t resist the temptation to reverse your payout requests, it’s better to take the decision out of your own hands.
Best Online Casino Lock Withdrawal Features in 2023
When selecting the right online gambling site, there’s a lot to think about. Let’s talk a little about the key features common to all of the best withdrawal lock casinos:
#1 Legal and Fully Licensed
To avoid being scammed, it’s vital that you only play at legal casinos. Always check to see which regulator supplies the licence, as some are more trustworthy than others. The UK Gambling Commission and the Malta Gaming Authority are the world’s strictest and most well-respected authorities.
#2 Wide Variety of Popular Games
An online casino isn’t much use if you can’t play your favourite titles. You might prefer classic casino games like video poker, slots and dice. Perhaps game shows like Blackjack Party, Mega Wheel or Monopoly Live are more your thing. Either way, a diverse library, supplied by a range of software providers keeps things fresh and interesting.
#3 Accessible Customer Support
If something goes wrong or you have complaints, you’ll want to talk to a friendly and professional human right away. Ideally, the support team should speak several languages and be available 24/7. Multiple channels, for example, telephone, live chat and email, are also desirable.
#4 Convenient Payment Methods
You should only play at sites which offer respected payment options that pay out quickly. Avoid casinos that charge withdrawal fees or have unrealistic minimum and maximum limits. Trusted brands to look out for include e-wallets like PayPal, Skrill and Neteller. Not to mention debit and credit card operators such as Visa and Mastercard. Some firms even allow Bitcoin.
#5 Variety of Promotions and Offers
Many casinos and sportsbook sites offer signup incentives, such as free spins or bonus funds. But the best gambling sites make sure they look after regular customers, as well, with reload bonuses, happy hours and loyalty programs. Make sure to double-check that the wagering requirements of such deals are fair, too.
Compared to measures like self-exclusion and deposit limits, locking casino withdrawals might not seem like a big deal. But in actual fact, this simple little tool is one of the best ways to assist problem gamblers.
Not everyone will need to use such a feature. But for those who struggle with the temptation to reverse withdrawals, it greatly improves their all-around experience. Knowing that their wins are now protected removes a potentially stressful element of what is supposed to be a fun pastime.
A gambling industry professional of 15+ years, Dominic has launched retail and online gambling sites for industry giants around the world. These days, he pursues…More info on Dominic Field