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Payment methods at Locowin
Which Payment Methods Are Excluded from Bonus
Certain payment methods are not eligible for the welcome bonus, which includes a 300% match up to €2,000 and 100 free spins. CashtoCode eVoucher and Paysafecard are listed as prepaid options that do not support withdrawals. Consequently, players using these methods for deposits may not qualify for bonus funds.
Players seeking to maximize their bonus potential should note that prepaid vouchers like Neosurf and CashLib also do not facilitate payouts. This exclusion means that while deposits can be made, any associated bonus or winnings cannot be withdrawn through these specific channels. Therefore, alternative methods are necessary for receiving funds.
The exclusion list for bonus eligibility extends to specific payment types that are not configured for outgoing transactions. For instance, CashtoCode eVoucher, Paysafecard, Neosurf, and CashLib are explicitly mentioned as not available for withdrawals. This stipulation ensures that bonus funds are only claimable through payment methods that support both deposits and withdrawals.
Order: first wager bonus, then withdraw 500 EUR
To withdraw winnings, players must first satisfy the wagering requirements of the welcome bonus, which amounts to 300% of the deposit up to €2,000 plus 100 free spins. For example, a €100 deposit would trigger a €300 bonus, requiring a turnover of €12,000 (300 € x 40). This prerequisite must be met before any funds can be cashed out.
Once the wagering requirements are met, a player can proceed with withdrawal requests, such as a €500 amount. For instance, if a player deposited €20 and received a €60 bonus, they would need to wager €2,400 (60 € x 40) before they could withdraw €500. This process ensures all bonus conditions are fulfilled.
The withdrawal process begins only after the bonus wagering is completed, allowing for the withdrawal of up to €500. For example, after wagering €2,400 on a €60 bonus, a player is eligible to request a withdrawal. This sequencing ensures that all bonus terms, including the 40x wagering requirement, are respected before funds are released.
50 EUR budget: which method fits
For a €50 budget, several payment methods accommodate this amount, with options like Visa/Mastercard and Banküberweisung accepting deposits starting from €20. These methods offer a broad limit range, from €20 to €10,000 for Visa/Mastercard and €20 to €10,000 for Banküberweisung, making them suitable for a €50 deposit.
Cryptocurrency options such as Bitcoin (BTC) and Binance Pay also fit within a €50 budget, with minimum deposits of €20. These methods support transactions up to €10,000, providing flexibility for players. The instant deposit times for Binance Pay are also a notable feature for immediate play.
Prepaid options like CashtoCode eVoucher and Paysafecard are accessible with a minimum deposit of €10, making them highly suitable for a €50 budget. While these methods do not support withdrawals, they offer a straightforward way to deposit funds up to €1,000, aligning well with a limited budget.
Card payment rejected: bank or limit to blame
If a Visa or Mastercard payment is rejected, the bank may be blocking the transaction, as they sometimes flag online casino deposits. Alternatively, the transaction might exceed the card's specific limit, which is set at €5,000 per transaction for Visa/Mastercard. Players should verify both potential issues with their bank and card provider.
Another reason for a rejected card payment could be related to the transaction limit imposed by the casino for Visa and Mastercard, which ranges from €10 to €5,000. If the deposit amount exceeds this €5,000 upper threshold, the transaction will be declined by the payment processor, irrespective of the bank's approval.
Players experiencing issues with Visa or Mastercard deposits should first check their available balance and transaction limits with their issuing bank. If the bank confirms no issues, the next step is to review the casino's specified limit for card payments, which is capped at €5,000, to ensure the deposit amount falls within acceptable parameters.
SSL encryption for payments: what to look for
Secure online payments are protected by SSL encryption, which scrambles data transmitted between the player's device and the casino's servers. This technology is essential for safeguarding sensitive financial information during transactions with methods like Visa/Mastercard and Banküberweisung. Players should always look for the padlock icon in their browser's address bar.
When making deposits using cryptocurrencies like Bitcoin (BTC) or USDT (TRC-20), SSL encryption ensures the security of the transaction details transmitted. While the blockchain itself provides a decentralized ledger, SSL adds a layer of protection for the initial communication and confirmation stages. This is vital for amounts up to €10,000.
For e-wallets such as MiFinity and Neteller, SSL encryption is crucial for protecting login credentials and transaction data. These services facilitate instant deposits and withdrawals within 0-24 hours, and robust encryption ensures that account details remain confidential and secure from potential interception. The presence of 'https' in the URL indicates this security feature.
Payment methods, limits and fees
| Method | Type | Deposit | Withdrawal | Min. Deposit | Limit | Fees |
|---|---|---|---|---|---|---|
| Visa / Mastercard | card | Instant | 1-3 Business Days (Visa) | 10 EUR | 10 - 5.000 EUR | None |
| MiFinity | e-wallet | Instant | 0-24 Hours | 10 EUR | 10 - 10.000 EUR | None |
| Neteller | e-wallet | Instant | 0-24 Hours | 10 EUR | 10 - 10.000 EUR | None |
| Binance Pay | crypto | Instant | 0-2 Hours | 20 EUR | 20 - 10.000 EUR | None |
| Bitcoin (BTC) | crypto | 10-60 Minutes | 0-24 Hours | 20 EUR | 20 - 10.000 EUR | None (Network Fee Only) |
| Dogecoin (DOGE) | crypto | 5-30 Minutes | 0-24 Hours | 20 EUR | 20 - 10.000 EUR | None (Network Fee Only) |
| Litecoin (LTC) | crypto | 5-30 Minutes | 0-24 Hours | 20 EUR | 20 - 10.000 EUR | None (Network Fee Only) |
| CashLib | prepaid | Instant | Not Available | 10 EUR | 10 - 1.000 EUR | None |
| Paysafecard | prepaid | Instant | Not Available | 10 EUR | 10 - 1.000 EUR | None |
| Banküberweisung | bank | 1-3 Business Days | 3-5 Business Days | 20 EUR | 20 - 10.000 EUR | None (Bank Fees Possible) |
Incorrect Crypto Address: Funds Irretrievably Lost
Sending cryptocurrency to an incorrect address at Locowin, such as a Litecoin (LTC) deposit to a Bitcoin (BTC) address, can lead to the irreversible loss of funds. Crypto transactions are irreversible once processed by the network, meaning these funds cannot be recovered. Always double-check the destination address before confirming any transaction, especially when using methods like Litecoin (LTC) or Bitcoin (BTC) where network fees apply.
The minimum deposit for crypto methods like Litecoin (LTC), USDT (TRC-20), and Bitcoin (BTC) is 20 EUR, with a maximum limit of 10,000 EUR per transaction. While these transactions generally have no fees from Locowin, network fees, which can vary, are the responsibility of the user. This emphasizes the importance of accuracy, as an error means losing both the principal amount and any associated network charges.
For users depositing with cryptocurrencies, it is crucial to ensure the correct blockchain network is selected and the address is precisely copied. For example, USDT can be sent on various networks, and selecting the wrong one, such as TRC-20 for a different network's address, will result in lost funds. This risk is inherent in all cryptocurrency transactions, not specific to Locowin, and highlights the need for user diligence.
Wagering x35 to x45 Before Payout
The welcome bonus at Locowin includes a 300% match up to €2,000 plus 100 free spins, and this bonus amount is subject to wagering requirements. These requirements range from x35 to x45, meaning players must wager the bonus funds a specified number of times before any winnings can be withdrawn. For instance, a €100 bonus with x40 wagering necessitates a total of €4,000 in bets.
Different game types contribute differently towards meeting the wagering requirements. While specific contribution percentages are not detailed here, it is common for slots to contribute 100%, whereas table games and live casino games may contribute less or not at all. Understanding these contributions is key to efficiently clearing the bonus, particularly when aiming for a payout.
The wagering requirement of x35 to x45 is applied to the bonus amount. This means that to withdraw any winnings derived from the bonus, a player must first place bets totaling 35 to 45 times the bonus value. For example, if a player receives a €100 bonus and the wagering is x40, they must wager €4,000 before they can cash out any associated winnings.
Withdrawal rejected: 4 common reasons
A withdrawal may be rejected if the player has not completed the Know Your Customer (KYC) process, which requires submitting identification and proof of address documents, verified within 24-48 hours. This verification is mandatory before the first payout can be processed. Failure to provide these documents or if they are outdated (older than 3 months) can lead to withdrawal delays or rejections.
Another common reason for withdrawal rejection is attempting to withdraw bonus funds before meeting the wagering requirements. For example, if a player has a €100 bonus with a x40 wagering requirement, they must wager €4,000 in total before requesting a payout. Trying to withdraw before this threshold is met will result in the rejection of the withdrawal request.
Withdrawals can also be rejected if the player attempts to withdraw funds from methods that do not support payouts, such as Paysafecard or Neosurf. These prepaid options are strictly for deposits, with minimum deposit amounts starting at 10 EUR and maximums at 1,000 EUR. Players must choose an alternative method for withdrawals, like MiFinity or Neteller, both of which support payouts within 0-24 hours.
How Long Does the First Payout Take
The duration for the first payout at Locowin can be extended due to the mandatory KYC verification process, which takes 24-48 hours. This initial check requires submitting identification and proof of address documents, ensuring compliance and security before any funds are released. Therefore, the very first withdrawal may take longer than subsequent ones.
For subsequent payouts, the processing time varies significantly depending on the chosen method. E-wallets like MiFinity and Neteller, along with Binance Pay, offer fast withdrawals within 0-2 hours. Cryptocurrencies such as Litecoin (LTC), USDT (TRC-20), and Dogecoin (DOGE) typically process payouts within 0-24 hours, while Bitcoin (BTC) also falls within this 0-24 hour window.
Traditional methods like Visa/Mastercard and Bank Transfer take longer for withdrawals. Visa/Mastercard withdrawals can take 1-3 business days, while Bank Transfers typically require 3-5 business days. These longer durations are often due to the involvement of banking institutions. The minimum withdrawal limit is generally 20 EUR for crypto and bank transfers, and 10 EUR for e-wallets and cards.
When is a withdrawal considered complete?
A withdrawal is considered complete when the funds have been successfully transferred from Locowin's system to the player's chosen payment method and are reflected in their account. For rapid methods like Binance Pay, this can occur within 0-2 hours. For other methods, such as MiFinity or Neteller, the completion timeframe is generally 0-24 hours, with no fees charged by Locowin.
For cryptocurrency withdrawals, such as Litecoin (LTC) or USDT (TRC-20), completion means the transaction has been confirmed on the blockchain and received by the player's wallet, typically within 0-24 hours, excluding network fees. Similarly, Bitcoin (BTC) and Dogecoin (DOGE) withdrawals are also completed within this 0-24 hour timeframe, provided the network is functioning normally.
Withdrawals via Visa/Mastercard or Bank Transfer are considered complete when the funds appear in the player's bank or card account. This process can take 1-3 business days for cards and 3-5 business days for bank transfers, as it involves intermediaries. Locowin itself charges no fees for these withdrawals, though possible bank fees may apply.
CashtoCode: Cash Payment Without Bank Account Explained
CashtoCode eVoucher enables instant deposits, offering a direct method for players to fund their accounts without the need for a bank account. The minimum deposit amount for this method is set at 10 EUR. This prepaid solution allows for immediate gameplay following the transaction.
While CashtoCode eVoucher excels in facilitating quick deposits, it is important to note that this method does not support withdrawals. This means players will need to select an alternative option for retrieving their winnings. The limit for CashtoCode eVoucher deposits is capped at 1,000 EUR per transaction.
The absence of withdrawal functionality for CashtoCode eVoucher means that players must plan their withdrawal strategy in advance. For instance, using a method like Neteller, which supports both deposits and withdrawals, may be more suitable for players who prefer a single method for all transactions. Neteller allows withdrawals up to 10,000 EUR.
Instant Visa Payment: No Waiting Time at the Table
Visa and Mastercard credit cards offer instant deposit functionality, allowing players to add funds to their accounts immediately. The minimum deposit for these card methods is 10 EUR. This ensures that players can begin their gaming sessions without delay after initiating a deposit.
Withdrawals via Visa are processed within 1 to 3 business days, providing a relatively swift return of funds. The maximum limit for transactions using Visa or Mastercard is 5,000 EUR. This offers a convenient option for players who prefer using their existing card infrastructure.
For players prioritizing speed in both deposits and withdrawals, alternative methods might be considered. For example, cryptocurrency options like Dogecoin (DOGE) process withdrawals within 0 to 24 hours. However, Visa remains a popular choice for its familiarity and ease of use for instant deposits.
Neosurf, CashLib, and CashtoCode for Bonus Deposit
Neosurf, CashLib, and CashtoCode are all prepaid methods that facilitate instant deposits, making them suitable for players looking to quickly fund their accounts, especially when aiming for a welcome bonus. The minimum deposit for each of these methods is 10 EUR. This allows for immediate access to gameplay after the deposit is made.
These prepaid options are designed for deposit convenience and do not support withdrawals. For example, players using Neosurf or CashLib for their initial deposit will need to select a different method, such as MiFinity, to withdraw their winnings. MiFinity supports withdrawals within 0-24 hours.
The maximum deposit limit for Neosurf, CashLib, and CashtoCode eVoucher is 1,000 EUR per transaction. This ensures that while deposits are quick, there are still reasonable limits in place. Players should be aware that these methods are strictly for funding accounts and not for cashing out winnings.
Check 24 to 48 hours before withdrawal
A Know Your Customer (KYC) verification process is required before the first withdrawal can be processed, typically taking between 24 to 48 hours. This involves submitting identification and proof of address documents, which must be no older than 3 months. This measure is in place to ensure account security and compliance.
The KYC check is a mandatory step for all players seeking to withdraw funds, regardless of the chosen withdrawal method. For example, even if a player uses a fast withdrawal method like Binance Pay, which processes payouts within 0 to 2 hours, the initial KYC verification must be completed first.
Understanding this verification period is crucial for managing withdrawal expectations. Players should initiate their KYC process promptly to avoid delays. Once verified, the actual withdrawal time will depend on the selected payment method, with options ranging from instant processing for some cryptocurrencies to several business days for bank transfers.
Cryptocurrencies: Credit in 10 to 30 Minutes
Cryptocurrencies such as Dogecoin (DOGE) and Bitcoin (BTC) offer deposit times ranging from 5-30 minutes and 10-60 minutes respectively, providing a relatively fast way to fund an account. Both methods have a minimum deposit of 20 EUR and a maximum limit of 10,000 EUR. These crypto options are generally free of transaction fees, excluding network charges.
Withdrawals via cryptocurrencies like Dogecoin (DOGE), Bitcoin (BTC), Litecoin (LTC), and USDT (TRC-20) are processed within 0 to 24 hours. This significantly speeds up the process compared to traditional banking methods. The minimum withdrawal amount for these cryptocurrencies is 20 EUR.
For players seeking the quickest access to their winnings, cryptocurrencies present a compelling choice. For instance, Binance Pay offers withdrawals within an even shorter window of 0 to 2 hours, while USDT (TRC-20) has a deposit time of 1-5 minutes. These options are ideal for those who value immediate fund availability.
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