Transaction Fees in Online Casinos Explained

When playing at an online casino, you may notice that some transactions come with additional costs while others are completely free. Transaction fees can affect how much money you actually receive from withdrawals or how much of your deposit reaches your casino balance. Understanding these fees helps you make informed decisions about which payment methods to use.

What Are Transaction Fees?

Transaction fees are charges applied to deposits or withdrawals at online casinos. These fees can come from the casino itself, your payment provider, or both. They may be a fixed amount or a percentage of the transaction value. For example, a casino might charge a flat £2 fee per withdrawal, while a payment provider might take 2.5% of each transaction.

Who Charges These Fees?

Fees can originate from multiple sources. The casino may apply processing fees, particularly for certain withdrawal methods or when requests fall below minimum thresholds. Your bank or card issuer might charge for international transactions or gambling-related payments. E-wallet providers sometimes apply fees for currency conversion or transferring funds to your bank account. Cryptocurrency transactions may incur network fees that vary based on blockchain congestion.

How to Minimise Costs

Many reputable platforms, including ReSpin, offer fee-free deposits and withdrawals on popular payment methods. To reduce costs, check the casino's banking page for fee structures before depositing. Consider using e-wallets or methods that typically carry lower fees. Consolidating withdrawals into larger, less frequent requests can also help if fixed fees apply. Always read the terms carefully to avoid unexpected charges.

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