While many online gamblers see this as a hindrance and a big inconvenience, there are several good reasons that online casinos require this. Despite the wait time, needing a PIN number to process a payout is a good thing. Here are some of the reasons why:
Avoid fraud: A PIN ensures that that nobody else is requesting your money or trying to steal it from you. It's just a matter of casino security.
Address Verification: Especially if you are requesting your payment by check, sending a PIN ensures that the casino has the right address on file and will not send that all-important check to the wrong place.
Login/Password Theft: Sending a PIN ensures that nobody else logged in as you and requested your funds. Because people use very common passwords sometimes, it is easy for a cyber theft to get a hold of them and mess with your account, particularly if money is involved.
Accidental Request: Ensures that you did not request the wrong amount of money and that the dollar amount you asked for is correct.
Though some specific casinos may have other reasons, these are generally the reasons given by online casinos managers for requiring a PIN number. Because of the amount of fraud and theft that goes on online, it really is in your best interest to have one. Just remember, good things come to those who wait.
If you have problems receiving money you have won in an online casino, Casino Guide has a payout guide you can follow.
