Withdrawal fee
A withdrawal fee is a charge an operator or payment provider takes when you move money out of your casino or betting account, either as a flat amount per cash-out or as a percentage of the sum withdrawn. Many sites charge nothing at all, while others apply a fee only above a set number of free withdrawals each month. The terms page is where it is stated, usually under payments or banking rather than in the bonus rules.
How a withdrawal fee is calculated
There are two common models, and practice varies from one operator to the next. A flat fee takes the same sum from every withdrawal, whatever its size, while a percentage fee grows with the amount you cash out.
The difference matters most on small withdrawals. A flat €2.50 charge on a €20 cash-out costs you 12.5 per cent, but the same charge on €500 is half of one per cent.
Some sites waive the fee for the first withdrawal in a period and charge for later ones, so the conditions that trigger it are worth reading as closely as the amount itself.
Read the small print.
What a withdrawal fee is confused with
A currency conversion charge is not a withdrawal fee, though it often looks like one on your bank statement. It arises when the account balance and your card or e-wallet run in different currencies, and the bank or wallet sets the rate rather than the casino.
Your payment method can also add its own charge on top of anything the operator takes, which is common with some e-wallets when money moves on to a bank account. An inactivity or dormant-account fee is a separate deduction again, taken from an unused balance after a stated period, and it has nothing to do with the act of withdrawing.
What I check first is the cashier screen itself, since it shows the amount you will actually receive.
