Every smart casino gamer knows that whatever game you play or strategy you adopt, the odds are always in favour of the house. After all, a casino is a business and it needs to pay the bills and make a profit. That just makes it all the sweeter, however, when you manage to cheat the odds and walk away with a nice win at the poker table or on the slots. 

 

You’ll want to celebrate your win, and you can’t do that if you are forced to sit waiting for a week to get you hands on the money. It’s important to understand at the outset how to ensure you get the fastest possible payout – and that means paying attention to both the payment method and the casino platform itself. 

 

Fast withdrawal methods 

 

The speed with which you receive your payout depends heavily on the payment method you use to transfer funds to and from your casino account. In the early days on online casinos, payments were either by bank transfer or credit card. These methods are notoriously slow, and also depend on the intra-bank circuits, a factor over which neither you nor the casino has any control. Furthermore, many casinos discourage or prohibit the use of credit cards for gambling. 

 

These days, there are better options that will facilitate faster withdrawal, and will often attract lower transaction fees, too. So a key factor when you want to find fast payout casinos is to check which payment methods they offer. Here are some of the most popular options: 

 

• Skrill – tailor made for the online gambling world, Skrill has been around for more than 15 years and operates in 200+ countries. Withdrawals are instant – just keep in mind that you’ll have to wait 24 hours or so the first time you withdraw, so they can perform some basic security checks. However, that applies to other methods, too, and you only have to go through it once.  

 

• PayPal – arguably the best-known online payment method of them all, PayPal steered clear of casinos in the early years. Now that the market has matured, however, the platform has dived in with both feet and it is a compelling choice. Withdrawals are typically instant, although you might have to wait a few hours for large value withdrawals to go through their approval process. 

 

• Bitcoin – to go into the pros and cons of using Bitcoin for casino gaming would be an article in its own right. Suffice it to say that there are some compelling reasons in terms of transaction fees, convenience and security. Importantly for our purposes here, transactions are also instantaneous. 

 

Other popular options include Neteller, Zimpler and Trustly, all of which offer withdrawal times that are faster than more traditional options like Visa, Mastercard or Maestro. 

 

Casino processing times 

 

The payment method is important, but it is only half of the equation. Before your processor of choice can transfer your winnings, the casino itself must process the payment. You might think that is outside you control, but remember, this is the age of choice. There are hundreds of online casinos out there, so do your research and be selective. Here are some of the areas you need to examine: 

 

• Wagering requirements – if you’ve spent time evaluating different casino bonuses, you’ll know all about wagering requirements. Bonus money or winnings from free spins might have to be wagered a set number of times before you can make a withdrawal. So for example, if you take advantage of a $100 bonus and it has a 30x wagering requirement, you will need to wager $3,000 before you can withdraw any winnings. 

 

• Limits – some casinos place limits on the number of withdrawals you can make per day or in a 24 hour period. Any such limits will be stated in their terms and conditions, so always read the small print! 

 

• KYC authentication – this stands for “know you customer” and is a regulatory requirement. The casino will need to go through a verification process, by checking your ID, proof of income and so on. There’s no way around it, but it only has to be done once. 

 

• Pending time – this is the time it takes for the casino to physically process your payment, and is also stated in the terms and conditions. Casinos often stretch this out, hoping you will choose to reverse the withdrawal and use the money for more wagers rather than wait. To help you resist the temptation of reversing your withdrawal, some casinos offer manual flushing – this is a system whereby you can ask that winnings are automatically “flushed” from your gambling account as payouts. 

 

Instant withdrawal 

 

Finding a casino with the fastest payout is more complex than it first appears. But by using an e-wallet instead of a traditional payment card, paying attention to wagering limits and the casino terms and conditions, and choosing a casino that offers manual flushing, you’ll have those winnings in your hand in next to no time! 

 

 

 

Tags: online casino payout

This entry was posted on Sunday, February 6th, 2022 at 6:49 am and is filed under Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.