What is a Coupon Reversal Withdrawal?

Coupon reversal withdrawal is a type of withdrawal rule out forward by online casinos before you get back your wins. It means your coupon withdrawal request may be  cancelled and returned to your bankroll during the three days if you are a standard player and one day for VIP players following your coupon withdrawal request. After this time your coupon withdrawal will be processed and may no longer be reversed. Interesting it seems but it has few terms and conditions that need to be followed.

What is Coupon reversal withdrawal?

As said above coupon reversal withdrawal is a function which allows players to re-gamble money they had previously decided to cash out.

This is the term applied by online casinos to the waiting period imposed between the time you make a withdrawal request and that request being processed.

During this time you are able to reverse the request i.e. instead of completing the withdrawal, the money or the sum goes back into your casino account so that you can continue playing with it.

The other name of reverse withdrawal is pending withdrawal as termed by few online casinos. It is important as it adds to the time taken from requesting a withdrawal from your playing account to the funds on your bank account or e-wallet. The time period for coupon reverse withdrawal varies from casino to casino.

According to Quora, It basically means that you’ve paid for something that was debited from your account, but then paid back (either in part or in full) due to an overpayment or because an order could not be fulfilled.

This method used mostly by online casinos for depositing money back into their online casino account. Most casinos that offer this function offer it without a fee however this option is only available while the withdrawal request is currently in progress.

Coupon Reversal Withdrawal Example:

A player used a coupon of $150 no deposit free chip at online casino and  while playing, he triggered a Random Jackpot for over 4k$ with his remaining playthrough at about 3.6k.

He placed bet of another $100 a spin to resolve the remaining playthrough. Now, the thing with the bonus coupons is that when you beat the playthrough, the excess amount is withdrawn to the maximum allotted. The money moves from a bonus state into a cash state.

So at this point the player cleared the playthrough and the amount was awarded as cash credit (no longer in a bonus status. He requested a coupon reversal withdrawal at the casino.

Coupon reversal withdrawal was approved and only the amount he won on the $150 coupon was reversed to him (in a time period of 7 days)

This means he requested a coupon reversal withdrawal when the playthrough amount of his $150 coupon is completed, leaving him with the cash able amount from the free chip he used.

The player therefore has ($150.00) approved. in about 7 business and that is the max cash out on the free chip he played. The rest that you won the amount leftover can only be withdrawn and cannot be played with.

What does coupon reversal withdrawal requested mean?

Coupon reversal withdrawal requested mean you have initiated a reverse withdrawal request.

• To reverse a requested withdrawal, login to your online casino using your username and password.
• Once in the lobby go to the Cashier and select “Withdrawal”.
• You will see a list of your withdrawal requests in the “Awaiting Process” box, complete with the withdrawal’s status indication.
• Select any unprocessed withdrawal request by clicking on it. Then click on “Reverse Withdrawal”.
• The withdrawal request will be cancelled and the status will be changed to “Cancelled by User”. The withdrawal funds will be immediately returned to your casino bankroll.
• Your withdrawal history can be viewed within the “History Log” application, accessible from the Lobby. Here you will find a complete list of all your withdrawal requests, both those that have been processed, as well as those that you have cancelled.
• Remember that withdrawals requested and subsequently cancelled during an event will not qualify for that event as a deposit. Deposits must be wagered during the event in order to qualify for that event.
• Your “Withdrawal History” stores a complete list of all your withdrawal requests, those that have been processed, as well as those that you have cancelled. For assistance with withdrawals, or any other matter, you can always contact the casino help support via live chat, email or phone number.

Coupon reversal withdrawal approved

Coupon reversal withdrawal approved happens once the casino verifies your identy.  When you make a first withdrawal request, the reversal process allows the casino time to verify your identity. The casino does this for the protection of players and to ensure they’re not the victims of identity theft, and to reduce the risk of online gambling being used to launder money, also to ensure that underage players are not playing at the casino.

After you have made an initial withdrawal and your identity has been successfully verified, there would be no need for reverse withdrawal periods to be imposed on subsequent withdrawals but most of the online casinos want you to wait for a certain time period before your withdrawal requests are  processed. The reason for this that the casino is hoping you will change your mind and play again real money slots and spend what you win. After all it’s the business of the casino.

So casinos wants you to continue playing and hope that by giving players this option they will reconsider their withdrawal requests and resume playing. Similarly, reducing the number of withdrawals it has to process reduces an online casino’s costs – both in terms of the time taken to complete withdrawals and in their own banking charges.

Coupon reversal withdrawal requested – Advantages and Disadvantages

The only benefit to have coupon reversal withdrawal requested is that you can continue playing without the delay caused by first withdrawing funds, and then having to deposit them once more into your casino account is an advantage offered for the pending withdrawal process. This can also save you from paying the fees that are associated with some payment methods.

The drawback is that you have to wait for few days to get back your wins. This wait will be added to further depending on the payment method you use. If you’re withdrawing using credit card or bank wire transfer there can be an additional  three to five  working days added on top of the pending withdrawal period before the money hits your  account.

To avoid this players should opt to use ewallets like Skrill or Neteller to fund their casino account so that there is no delay in getting back to your wins once the casino has processed your payment and that the funds are immediately available and accessible in your e-wallet account.

Points to remember when initiating a withdrawal at the casinos

• Always read the terms and conditions associated with withdrawals at the online casino
• Find out what their policy is regarding reverse withdrawal.
• Some sites have no pending period i.e., once you make a withdrawal request, the process begins immediately and you have no opportunity to change your mind and cancel the request.
• If you are a loyal player or VIP player then you benefit from faster withdrawal times with a reduced pending period.
• There is also the option at some sites to request the removal of the reverse withdrawal facility directly with the casino. This process is known as manual flushing, and essentially means that the reverse withdrawal process is removed and any sum that you request to be withdrawn is not held by the casino as pending.

Finally, if you come across any US online casino with reverse withdrawal then it is always advised to ask the customer support team at the online casino if you have any doubts and get clarifications on any questions you have in mind.

Online Casinos with Coupon reversal withdrawal

Here are the list of online casinos with Coupon reversal withdrawal

1. Silver Oaks Casino

Withdrawal requests may be canceled and returned to your Casino account at anytime before they are processed. Once your withdrawal has been processed, it can no longer be reversed.

In order to process a reversal of a payout request, you must contact their customer support by e-mail at help@silveroakcasino.com or via Live Chat.

Takes 72 hours
E-wallets: 24-48 hours
Credit/Debit Cards: 3-7 business days
Wire Transfer: 4-7 business days

2. Win A Day Casino

You can reverse your withdrawal in the Cashier. Simply use the arrows to move the cash between your withdrawal fund and cash balance. Look out for any notes on the page, they will guide you through the process. Withdrawals made from a max cash out bonus cannot be reversed back to your cash balance and will be processed on the next possible withdrawal day.

24 hours
E-wallets: Instant
Credit/Debit Cards/Bank Transfer: 1-5 business days

3. Cool cat casino

If your withdrawal has already been approved, and you would like to have it deposited back into your casino account, you must contact support team for assistance.

72 hours
E-wallets: 2-24 hours
Credit/Debit Cards /Bank Transfer: 1-2 business days

4. Slot Madness casino

Withdrawal requests may be canceled and returned to your Casino account at anytime before they are processed. Once your withdrawal has been processed, it can no longer be reversed.

In order to process a reversal of a payout request, you must contact their customer support by e-mail them at help@slotmadness.com or via Live Chat.

24 hours
E-wallets: Instant
Credit/Debit Cards/Bank Transfer: 1-3 business days

FAQs

Q1. How can you reduce the pending time for coupon reversal withdrawal?

When you sign up at an online casinos casino, you should take the time to read the terms and conditions to find out what their policy is regarding reverse withdrawal. Some casinos have no pending period i.e., once you make a withdrawal request, the process begins immediately and you have no opportunity to change your mind and cancel the request.

Also at online casinos you have loyalty and VIP programs, where once you attain higher levels of membership you benefit from faster withdrawal times with a reduced pending period.

Q2. What is Manual Flushing in reversal withdrawal?

There is also the option at some online casinos to request the removal of the reverse withdrawal facility directly with the casino. This process is known as manual flushing, and essentially means that the reverse withdrawal process is removed and any sum that you request to be withdrawn is not held by the casino as pending. This doesn’t mean that you get your funds straight away – the processing of the payment still needs to be made. Once you make a manual flushing request you no longer have available the option to reverse your withdrawal request.

Q3. How to request Manual Flushing?

You will need to make any manual flushing request directly to customer support, and it’s likely that you will meet with varying degrees of success (depending on the casino), but it is worth your while inquiring about this option in order to get access to your money faster.

Q4. What are the pending withdrawal trends?

Most of the online casinos and software providers are heading towards shorter reverse withdrawal times and offering player-friendly manual flushing.  Casinos now know that one of the most important considerations for players is being reputable and enabling players to get their money off the casino as soon as possible. Still, there are some trends withing the casino industry even with ‘reputable’ sites.

For an example the NetEnt casinos have zero or  very short pending withdrawals, whilst Microgaming RTG, and Playtech powered casinos virtually all have 24hrs+ pending withdrawals.

Q5. Can coupon reversal withdrawal request be cancelled?

Withdrawal requests may be canceled and returned to your Casino account at anytime before they are processed. Once your withdrawal has been processed, it can no longer be reversed.

In order to process a reversal of a payout request, you must contact their customer support.