When it comes to withdrawals, casinos have two types of business model:
1. Pay user's withdrawal fees out of their own pocket
2. User pays fixed withdrawal fee
I, as an user, prefer to gamble on a casino that pays my withdrawal fees because I feel like I'm treated better. I don't have to worry about not having enough money to meet minimum requirements when fees are added to my withdrawal. I'm also less careful about my deposit because I know, I'll get back what I left on my balance and nothing more will be deducted.
For me, it's okay to pay withdrawal fees if they are very low and near to real life cases, like, if the fee of average Bitcoin transaction is $0.50 and casino charges me that, I'm okay with that. If the Litecoin withdrawal fee is $0.01 and casino charges me $0.50, that's not okay for me. I prefer fair fees for every kind of cryptocurrency.
I would love to know, which approach works better for casinos to increase their revenue and retain more customers? I feel like casinos that pay withdrawal fees out of their pocket have more loyal customers and their customers also deposit more money than those who don't pay user's withdrawal fees. Is there any statistics that either prove or disagree with my opinion? Is any casino representative willing to speak about it? It is a nice topic to discuss.
Are there any gambling sites which do not charge withdrawal fees at all ? How am I not aware of any ?
Whichever site I gambled on or heard of, charges the users a withdrawal fees for their withdrawals.
Yes, some of do charge a lot while the on chain transaction fees are not that much still they charge more and that's a spoiler.
I would prefer let users decide their own withdrawal fees or at least provide them an option for slower withdrawals with cheaper fees.