Withdrawal Delays: A Common Issue for Players in the UK and Canada
Recently, the UK Gambling Commission (UKGC) revealed that the most frequent complaint they receive from players is about delayed withdrawals. This is a persistent issue that the regulator has been tackling for some time, but it continues to be a significant problem. British operators have been warned that such behavior won't be tolerated, yet the complaints keep coming.
The UKGC receives around 2,000 complaints about delayed withdrawals each year. While this number is small compared to the total number of completed withdrawals, it remains the top issue for players. A common tactic used by operators is to introduce friction through account verification processes.
Similar Issues in Canada
Canada faces the same problem, with many players experiencing delays when trying to withdraw their winnings. The root cause often lies in the same tactics used by operators in the UK, where additional verification steps are requested at the time of withdrawal rather than at the time of deposit.
UKGC's Stance and Recommendations
The UKGC has advised operators to change their terms and conditions to request player verification before any deposits are made. Misleading players to gain a commercial advantage will result in punishment. The UKGC has also noted that some operators use "regulatory requirements" as an excuse to delay withdrawals without providing further details.
The regulator insists that proper explanations must be given for why casinos request additional information, refuse to process payments, or void winnings. By requesting more information at the withdrawal stage, operators potentially break the rules, as they should have requested this information during the deposit stage.
Regulatory Reminders and AML Tools
The UKGC reminds operators that requesting additional verification when players wish to cash out is against the rules. For example, asking to verify a source of funds during a withdrawal request should be avoided. This practice should be conducted as part of anti-money laundering (AML) procedures when deposits are made, not when payments are requested.
Conclusion
Both the UK and Canada face significant issues with withdrawal delays, frustrating many players. Regulators in both countries are working to address these problems by enforcing stricter guidelines and holding operators accountable. The casinos in all countries are interested in slow withdrawals, so that the players can lose the money. We recommend checking the Players’ Recommended casinos on our website since these casinos are approved by players.
WaifuKnifu Damn, if they really pay 10% without hidden fees, this is a cool topic for developers!
FroggiAshhh If Saka goes off today, no amount of ball-passing will save PSG. It's all or nothing!
I’ve noticed similar problems in other countries too, not just the UK. Withdrawal delays seem to be a widespread issue in the online gambling industry. It might be worth looking into how other markets handle these problems and adopting some of their best practices to improve the situation for everyone.
It’s clear that the current regulations aren’t enough to prevent these delays. If the UKGC and other regulatory bodies want to protect players, they need to enforce stricter rules on how operators handle withdrawals. It’s time to make these operators more accountable for their practices.
The whole account verification process seems like just another excuse for operators to delay withdrawals. If they’re going to ask for all this extra information, it should be done upfront, not right when you’re trying to cash out. It’s frustrating that this practice is still so common despite ongoing complaints.
I’ve been experiencing frequent withdrawal delays with multiple online casinos lately. It’s really frustrating when you’ve won money and then have to wait weeks to get it. It feels like they’re deliberately stalling, and the regulatory authorities need to step up their game to ensure players get their funds in a timely manner.