Hello Georgios!
Thank you for providing me with all the information. As to address your questions and concerns, I have checked the bonus terms & conditions of Silveredge Casino and here is what I was able to understand:
For the maximum cash out of your bonus, it seems correct that you will be only able to withdraw $100 from your bonus as per this term:
"Welcome courtesy bonuses have a maximum withdrawal amount of $100.00 for all NEW players."
Regarding the reason why you are supposed to apply for a withdrawal of $400 in total, the bonus you have used is a so called "sticky bonus", which effectively means, that the value of the bonus itself will be deducted from your winnings once you will meet the wagering conditions. Here are the specific terms & conditions, which refer to this situation:
"Unless otherwise defined by the Silveredge Casino; all promotional bonuses are NON CASHABLE. Promotional bonuses help create winnings and bonus cash functions to improve play but cannot be taken as winnings. The bonus is not going to be returned to the account but deducted from winnings. From the overall sum of cash-out, all bonus money will be removed at the point of withdrawal."
"At the time of cashing out, the bonus cash will be taken off the entire withdrawal amount (i.e. - should a Player redeem a $250 bonus and withdraw $500, they'll receive $250.)"
I hope that my description will be helpful for you to fully understand the situation. Please let us know, when your verification procedure will be completed and withdrawal request approved.
Looking forward for hearing from you.
Hello Georgios!
Thank you for providing me with all the information. As to address your questions and concerns, I have checked the bonus terms & conditions of Silveredge Casino and here is what I was able to understand:
For the maximum cash out of your bonus, it seems correct that you will be only able to withdraw $100 from your bonus as per this term:
"Welcome courtesy bonuses have a maximum withdrawal amount of $100.00 for all NEW players."
Regarding the reason why you are supposed to apply for a withdrawal of $400 in total, the bonus you have used is a so called "sticky bonus", which effectively means, that the value of the bonus itself will be deducted from your winnings once you will meet the wagering conditions. Here are the specific terms & conditions, which refer to this situation:
"Unless otherwise defined by the Silveredge Casino; all promotional bonuses are NON CASHABLE. Promotional bonuses help create winnings and bonus cash functions to improve play but cannot be taken as winnings. The bonus is not going to be returned to the account but deducted from winnings. From the overall sum of cash-out, all bonus money will be removed at the point of withdrawal."
"At the time of cashing out, the bonus cash will be taken off the entire withdrawal amount (i.e. - should a Player redeem a $250 bonus and withdraw $500, they'll receive $250.)"
I hope that my description will be helpful for you to fully understand the situation. Please let us know, when your verification procedure will be completed and withdrawal request approved.
Looking forward for hearing from you.
Edited by a Casino Guru admin