Bonuses are fantastic. They’re the prize that awaits you at the end of your loyal play rainbow, the payout you deserve for spending your valuable time and hard-earned money at your favourite online casino. But waiting days, or even weeks, for a payout can certainly take some of the shine off that jackpot! This is why some of the top online casinos are distinguishing themselves as customer service leaders by offering their clientele fast payouts. These payouts are quick and convenient, with the option to withdraw your money in a multitude of ways!
There are many factors to take into consideration when picking a new online casino, and not least of all is the payout speed. Here’s a list of our top fast payout online casinos and a quick rundown of the deposit and withdrawal methods available on these credible betting websites.
Banking options/ Form of payment (FOP)
ewallets: 24 hours
Credit/debit cards: 3-5 days
Transfers: 1-5 days
ewallet: 24 hours
Debit/credit card: 2-5 days
Transfers: 3-7 days
This is what you should be looking for when it comes to online casino payouts:
Good and reliable online casinos are ones that operate in accordance with online gambling regulations; which means they take keeping your money safe very seriously. They might ask for proof of ID and address when you register for an account or a form of payment. They may also ask you to verify your identity through a video chat before they pay you out, particularly for larger amounts. Try to keep calm and remember that they are just upholding their standards to keep you and other players safe.
Not all payment types are billed equally – watch out for high withdrawal fees!
Don’t get caught out by having to pay high withdrawal fees when collecting your winnings. Online casinos will charge different fees for different payment methods. Always read the banking page before committing to a casino or a payout method. Keep an eye on what fees you’re charged, and who is charging them.
There’s a wide variety of banking options available at all good online casinos, which means you should be spoilt for choice when it comes to selecting a secure deposit or withdrawal method. The casino’s website should give you an idea of which form of payment has the fastest payout, the lowest costs and the highest convenience factor. Keep in mind that online casinos will often offer more ways to deposit money than ways to withdraw it, so make sure you read up on both.
Mobile casino games have the convenience of offering you all traditional banking methods plus a few mobile app options, such as PayPal or ApplePay.
So which form of payment offers the quickest payout? Across most online casinos, ewallets, local bank transfers and EFTs offer the speediest withdrawal method, averaging 24-48 hours. Bitcoin varies from 24 to 72 hours depending on the website.
Payout times for credit or debit cards can vary between 3 and 5 days. Bank transfers or wire transfers can take anything from 5 days to 3 weeks. So choose carefully!
Ewallets like EcoPayz, Neteller and Skrill are great because they are offered as banking methods by almost every online casino. Deposits and withdrawals are fast, secure, and anonymous. Opening an ewallet account can be a slow process as security is paramount to these companies – identity verification can take a few days. However, once you’re set up, the world is your oyster!
The downside to ewallets is that administration fees are often higher than for other forms of payment, and the process for increasing your upper limits or transacting large amounts of money is a lengthy one requiring further identity verification.
Whether Visa or Mastercard, most online casinos allow credit card transactions when making a deposit. Most will also give you the option to withdraw your winnings using a credit card, but always check the banking page to make sure. Credit cards are a convenient payment method as you don’t need to have funds in your account to play now, and they can handle most transactions whether big or small. The cons of using a credit card are the same as when using it for any purchase: keeping on top of your bankroll can be a little trickier, interest rates are high, and there’s a risk of credit card fraud.
Wire transfers are great for security but slow when it comes to payouts, with withdrawals taking up to 20 days to hit your bank account. If you’re concerned with online banking security and the risk of fraud, then wire transfers are the way for you. However, if you prefer to have quick access to your winnings then it might be best to look at other options. There’s also a slightly longer and more complicated process to set up wire transfers than most other banking options, as you require an online bank account and need the casino’s banking details including:
The wait time for your payout varies according to the geographical location of the casino’s bank; for local banks this can take 5-7 days, but international off-shore banks can take up to 3 weeks.
Cryptocurrency, such as Bitcoin, is an encrypted form of digital currency that exists outside of financial institutions. This incredibly secure form of payment is, however, waning in popularity, with many online casinos no longer offering crypto options.
The benefits of using cryptocurrency are its superior security, transparent verification process, anonymity, and low administration fees. The downside to crypto is that it requires a bit of tech savvy to use, which can be a little too complex for some gamblers. You would also need to download a wallet and link it to your bank account; if you don’t already have one set up, this can take a bit of time to arrange.
Online casinos understand that their players prefer to benefit from their winnings sooner rather than later, and so they cater to their clientele by offering fast withdrawal options. Their deposit times are almost always instant for the same reason. When choosing an online casino and a payment method, always bear in mind that payout time varies and that this process can be slowed down if the casino requires identity, which happens more often with big winnings. So, do the homework and choose wisely and you can make the most of your winnings.