How to withdraw money from Mega Moolah
If you have been looking for information on how to withdraw money from the Mega Moolah slot, then we need to take a step backwards and explain a couple of key issues first before we then explain how you can get your hands on any cash that you win playing the popular Microgaming progressive jackpot game.
The first thing that we must point out is that it is impossible to withdraw money from the Mega Moolah slot. Does that sound crazy to you? Well, if it does, then that is because you slightly misunderstand how Mega Moolah, or indeed an online casino i.e. licensee offering the Mega Moolah slot, works.
When you sign up with a casino to play Mega Moolah, even if you only play this one game, you deposit your cash into your 'casino account.' See our Banking page for deposit options. The credits you see in your balance when you load up Mega Moolah is your entire casino balance.
Therefore, when you play Mega Moolah, the money you are spending is from your casino balance, and similarly, any money you win will be paid into your casino balance.
Now that we have that clear in our minds, let's now move on to the slightly more complicated issue of withdrawing money from your casino account when playing the Mega Moolah slot.
Withdrawing your Mega Moolah winnings
Let's now assume that you have signed up to a Mega Moolah casino and have played through some spins and have managed to win some cash playing the Mega Moolah slot base game or through its Free Spins bonus game (rather than the progressive jackpot prizes, we will come onto these a little later in the article).
If you have landed a cash prize playing the game then the first thing that will happen is that the game will pay the win into your account and once you have played through your spins you wanted to play, you can then set about withdrawing your money.
However, before you do, you need to check a couple of things:
- Do I have a bonus active on my account?
If you have a bonus running on your account that you have not yet fulfilled the criteria of, such as a new player bonus that has a wagering requirement, then you may find that your winnings cannot be withdrawn until you have met that wagering requirement for your bonus.
It is usually easy to see if your winnings are eligible to be withdrawn as if they are deposited into your standard account with the casino, then they can be withdrawn. However, if your funds either wholly or partially are deposited into the bonus cash part of your account, then you will need to complete the wagering requirement to be able to withdraw this cash.
If you do not have a bonus running on your account, then you should find the win gets deposited wholly in your standard balance and you should be able to withdraw your funds without any issues.
While it makes perfect sense to claim a bonus if you plan to play just Mega Moolah because if you hit a sizeable jackpot you won't have to worry about wagering requirements. However some players actually choose to not claim a bonus. For more on this logic read our article Should I claim a Mega Moolah bonus or not?
- Is this my first withdrawal from the casino?
If this withdrawal of funds will be your first from your chosen casino then you may find that in order to complete this transaction (and any future withdrawals), you may need to complete some security checks in order for you to complete the transaction.
Casinos are legally obliged to ensure that users are who they say they are when using the casino and these security checks form part of that service. Different casinos have different levels of security checks and the requirements for each differ from casino to casino.
In some you may be asked to simply register and confirm your credit card/debit card details or a Paypal/Skrill ewallet. Account. Others may see you need to complete pro-forma requested by the casino so they can be sure you are a genuine customer and release the funds. Some casinos may request documentation from you to prove you are who you say you are, and that your age and details are correct.
While perhaps an inconvenience initially, these checks do help to keep you and your account safe. Once you have completed the checks, the casino will process your data (which usually takes a few days) and then when you have passed the checks, your withdrawal will be processed.
The good news is that once you have completed any checks the casino have in place for your first withdrawal, all your subsequent withdrawals from your account will be completed without the need for these checks, so they will be much more convenient and also completed much more quickly.
- Check how the casino pays out withdrawals
A good idea for all customers new to a casino is to check the information on how a casino pays out withdrawals before you sign up to the casino. This can allow you to take steps to ensure any withdrawals you make are set up more quickly as you can often complete any security checks or gather together any documents you may need, beforehand to make the process a little quicker when you do make that first withdrawal.
Different casinos have different ways of paying out withdrawals. Most only process withdrawals of a minimum amount (the minimum amount can differ from casino to casino, so it is a good idea to check what this is) and for larger amounts, the casino may have a policy of paying larger wins out in a certain way, either up to a stated amount per day, or all in one transaction.
It is also worth checking how the casino will pay you when you make a withdrawal. Many casinos will only pay you using the method you used to pay into your account, so if you made a deposit using, say PayPal, you would only be paid any withdrawals back to your PayPal account. Some casinos may only offer withdrawals back to the account holders bank account using bank transfer. Some also offer payments via cheque, although these do take much longer to process.
By understanding exactly how you will be paid if you win cash, you can set everything up so that when the time comes to make a withdrawal, you have everything you need to hand to ensure the casino checks are completed quickly and you receive your cash expediently.
In 99.9% of cases, if you win on the standard base game Mega Moolah slot, or indeed any other slot game, and want to make a withdrawal this is what will happen at your chosen casino. However what happens if you win one of the big money prizes on Mega Moolah, or indeed the Mega Jackpot, in the Jackpot Bonus game?
What happens with the Mega Moolah progressive jackpot prize withdrawals?
The good thing to note is that with the majority of Mega Moolah progressive jackpot awards, the same process is used for other wins on the slot, in that you will follow the process outlined above and the cash will be withdrawn from your casino account back to your payment method, or your bank account once any checks required or documentation requests have been completed.
However, things are slightly different if you are one of the lucky people who manages to win that massive Mega Moolah progressive jackpot prize, the Mega Jackpot, which is guaranteed to be at least 1,000,000 in your chosen currency and is often considerably more.
So what happens if you win the 'big one'?
- The first thing that will happen is that your casino will contact you on your nominated phone number. They will of course offer you their congratulations and then you will have to complete some security checks with the casino, this includes checking that the win you landed was a genuine win and not a 'glitch' in the machine.
- As this process is completed, the casino will be in contact with you to let you know how it is proceeding and while this does not take long, it can be a nervous wait for the lucky winner. Once you have passed security, then your win will be confirmed and the funds deposited into your account.
One thing to note about Mega Moolah is that Microgaming have made it clear that any time that the big jackpot prize is triggered, the player will receive all of the money, in the currency they played the game in, in a single lump sum.
As such, if your casino has in its withdrawal rules something about only paying out up to a certain amount each day, then this will be disregarded in the event of winning the Mega Moolah progressive jackpot top prize and you will receive your cash in a single lump sum.
Once all the checks have been made and the win confirmed, then you will receive your withdrawn cash shortly thereafter and you can then think about how you are going to start spending, saving or investing your massive windfall!
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.
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