Lock Withdrawals – How Casumo Promotes Responsible Gambling
Lock withdrawals are a special feature at a few online casinos which help promote responsible gambling. The amazing feature stops users from reversing or cancelling their withdrawal, and it’s becoming increasingly popular among avid gamers. But what does it actually do and how does it work?
Withdrawing Your Winnings
When users gamble and win money, whether its a large or small amount, they generally tend to withdraw the money. However, they’re then disappointed after discovering that some casinos actually take several days to fully process the transaction. During this time span, many gamers decide they want to use some of their winnings to gamble a little bit more and cancel or reverse the withdrawal.
However, the ability to cancel withdrawals means players are more likely to spend their winnings and gambling recklessly. This can result in players losing their winnings quickly and feeling regret for cancelling the withdrawal.
So What Are Lock Withdrawals?
Simply, lock withdrawals stop gamers from reversing their withdrawals. Players will be unable to cancel their withdrawal, meaning they’d feel no regret from gambling away their winnings. Lock withdrawals aren’t available immediately, players actually have to request for their withdrawals to be locked, but the extra measure stops users from gambling irresponsibly.
Which Casinos Offer Lock Withdrawals?
At the time of writing, lock withdrawals are only available at a few online casinos. Rizk Casino was one of the first to implement the measure back in 2016 and several other casinos have begun to follow in their footsteps. Meanwhile, Casumo casino launched the service within the last two years.
Both casinos have vowed to protect customers and their winnings as well as promote responsible gambling by using the new feature. Since launching the service, the casinos have been praised by numerous gamers for offering the option.
How Do You Lock Your Withdrawals?
To lock your withdrawal at Ritz Casino, players just need to navigate to their account and click the Transactions tab. Users enter their withdrawal amount as normal and then click the lock button to lock the withdrawal. Players can also cancel withdrawals but are unable to cancel a withdrawal if it’s already been locked. If a withdrawal is marked as ‘Waiting Approval’, it means it’s already been locked and is being processed.
Casumo Casino also offers lock withdrawals. To do this, players just need to make a withdrawal as normal. After this, users should load up their account transactions where they should see the withdrawal pending. Players will then be able to click the lock button so no one, not even Casumo, can unlock it.