Your No-Nonsense Guide to Online Casino Quick Payouts
Let’s face it, you play an online casino to win. And when you win, you want to be able to claim your winnings. For that reason how that payout gets to you is one of the most important things to look out for when choosing an online casino. Any number of factors like technical issues, trustworthiness of the casino or payment methods can influence how quickly you get your jackpot, making it essential to understand the basics.
There are several factors that can affect payments at casinos and they also vary from one site to the next. Our team of experts has not only provided information on everything you need to know about quick payouts, but also recommended some of the best online casinos for you to use.
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There are several things worth checking out when you first join a casino, aside from the very obvious matter of withdrawal waiting times.
After all, these times are usually a range and not always set in stone. Payment methods are the first port of call, as withdrawal times vary a lot between the major types of method. These vary from credit and debit cards to e-wallets and exotic methods like Bitcoin.
Faster and Slower Payouts
The simple fact is that different methods are faster and slower than others, by quite a significant amount. Choosing the right method will make withdrawals a lot faster, though you still have to tangle with the internal mechanisms of the casino itself.
The best sites will actually list their withdrawal policy in black and white, which is very helpful. This may be found on a ‘banking’ page, or check the FAQs and support area for mention of withdrawal and payment rules. If nothing else, it should tell you exactly what methods are on offer.
These are the standard methods for the vast majority of sites. Some even expect you to use a card before allowing other methods later. Setting up a card payment is very simple, but could be more streamlined. The downside is that this method is slow for withdrawals. The industry standard hangs around the 3-5 working day mark, but some ask for 8, or 10 working days. This is largely due to the way that banks work.
This is the ideal method for anyone who wants to cut down withdrawal times. Services like PayPal, Neteller and Skrill are the most commonly seen, though this can depend on the country. E-wallets are faster to register, since they only require you to enter an email address. Withdrawal times for e-wallets are typically around 1 minute to an hour, essentially instant compared to credit cards. PayPal is seen less than Neteller and Skrill (once Moneybookers), but all three are large and trusted platforms.
The rise of cryptocurrencies such as Bitcoin have added another payout option to a players’ armoury. Bitcoin is a cutting-edge service that outstrips e-wallets, but isn’t accepted by that many sites yet. Bank transfer services are also very rapid, though this can depend on the service.
The rules for withdrawing and depositing both vary from one casino to the next. Speed is not the only factor affected and that itself can vary a great deal just based on the internal processes of a casino.
Firstly, withdrawals are affected by wagering requirements. It’s no good having a super-fast waiting time if you can’t even withdraw to start with. These requirements are put in place after accepting a bonus and must be met before any cash can be withdrawn. Secondly, many sites have a strict minimum withdrawal amount. It’s worth checking this out before joining a site, as a £30 minimum can make life a bit hard.
Bear in mind that casinos will have an internal processing time, before the timeframe of a deposit kicks in. For example, an e-wallet may be instant, but the site may still ask for one or two working days ‘processing’ time.
If they decide that you need to verify your account, this will be even longer. Sites may ask for proof of identity from a driver’s license to a utility bill, as part of standard checks to stop money laundering and identity theft.
Following this, customer support is really worth checking out. When things go wrong, or even if a withdrawal is just taking slightly longer than usual, then you need a good support team. Even the best casinos for payouts will let you down if the team aren’t helpful when needed.
Ideally, players should use sites with live chat services. Not only are they instant, but being able to write out an issue in a text box can be easier than describing it over the phone, for many users.
Reputation is also important, which can be checked with a quick search online. A site which has a good reputation will avoid unwanted downloads, use reliable technology and clear advertising. These issues can lose you money or simply tangle up your time and patience.
You can also check that a site has a license to operate, which will usually be at the footer of the home page. Look out for good security too, protecting your transactions, plus approval from groups like eCOGRA that ensure fairness. These elements are all investigated when a site is reviewed here on our listings.
Site withdrawal times may not include their internal processing time
Withdrawals are also affected by minimum amounts
Some payment methods may incur fees at withdrawal