Online casino players are eager to play games not solely for fun. They want to earn money, and the more the better. However, what players want more is to get the money on their bank account. Often, it appears to be difficult due to the unreliability of online casino sites. But don’t worry about it when you visit CasinoBest.ca because we recommend only online casinos that do pay out. SO, check the list down below and pick your payout casino!
Fastest Paying Canadian Online Casinos
Payout speed depends on several factors, which we describe in detail below in this text. But before we get to them, we suggest that you look at the description of the most popular online casinos in Canada that payout quickly. Their payouts also feature high withdrawal limits. Of course, when doing a research, we consider other important features such as credibility, security, and customer support.
JackpotCity Casino
Most Canadian sites related to online gambling consider JackpotCity the best online casino. We also think so, as the average JackpotCity payout is 97.8%. The casino offers players a range of banking options, which include credit/debit cards, e-wallets, bank transfer such as Trustly, Interac, and iDebit. JackpotCity portfolio comprises 400+ games with different RTPs. You can see a full list of JackpotCIty games on their site. It’s easy to find the best paying casino game using this list.
The payout speed differs depending on the payment method. If you use e-wallets or bank wire transfers, you’ll get the money within 24 hours. But if you use a banking card Visa or MasterCard, you will wait for your money for about 1-3 days.
Casumo Casino
The second casino according to the payout rate is Casumo. It pays back 97.27%. Casumo says its withdrawals are lightning fast. So if you use the right payment option such as iDebit, MuchBetter, interac, or EcoPayz, you can be lucky to have the fastest winnings. The casino also offers banking cards and a prepaid card method — PaySafeCard.
Casumo online casino includes over 2,000 games in the portfolio. There are separate categories: live casino games and sports betting. You can play any of these on your desktop or by downloading a mobile app on your device.
PlayAmo Casino
If you haven’t yet heard, PlayAmo is the fastest payout casino in Canada. It takes only a day to process your withdrawal. But if you have chosen an e-wallet, that process time reduces to mere seconds. Speaking of banking methods, PlayAmo offers plenty of them, including cryptocurrencies. You can use several crypto methods: Ethereum, Litecoin, Bitcoin, Dogecoin, Tether.
Average payout percentage of PlayAmo is a bit lower than that of JackpotCity — 96.20%. Games have individual RTPs. But to find the best paying game will be a little tiring because PlayAmo has over 3,500 games.
Spin Casino
Apart from its credibility, top-level security, and a wide variety of games, the overall Soin Casino payout is 97.4%. The casino provides over 1,000 games in slots category. Apart from this, Spin features separate sections for live games with higher RTPs and sports betting options. You can play any of these on your desktop and mobile device.
The waiting period for a withdrawal depends on the banking option you have chosen. E-wallets process a transaction within minutes, wire transfer options also take little time to get on your account. The bank card withdrawals take 3–5 banking days.
Ruby Fortune Casino
The online casino targeted at mobile users pays out 97.02% on average. The library of games includes table games, slots, video, and live card games, and many more. Ruby Fortune offers a safe and exciting experience in the world of casino games. Remember to check the RTP of the games you play.
Ruby Fortune also offers some of the most convenient payment methods for Canadians. Select among e-wallets or wire transfer options to receive your winnings faster.
Betway Casino
This casino is ideally suited to sports betting. But you can still find a lot of slots and card games at the casino. Betway’s payout is 95.8%, and the waiting period is a little longer than those of the previous casino operators. But again, it depends on the method you choose. Betway offers you a range of banking options to withdraw. You can choose between banking cards, e-wallets, bank wire transfers.
Wildz Casino
Wildz features fast payouts. You can select an e-wallet or bank transfer for withdrawal and be sure that your money will come in a few seconds. Though, Wildz casino has a lower average payout percentage of only 95%. Still, it’s compensated by a no deposit bonus of $20 and a big number of diverse games.
You can deposit and withdraw using the popular options such as e-wallets (MuchBetter, EcoPayz), bank transfer, Visa and MasterCard banking cards, and online banks like interac, iDebit, InstaDebit. With all the methods, a minimum deposit is only $10. But you can request a withdrawal if you have at least $20 on your Wildz account.
What Does a Big Payout Depend On?
For an online casino, a high percentage of payouts depends on three key factors: total casino payout percentage, game RTP, and banking options. If all three factors are met within one casino, this is the top online casino site with the highest payout. Both casinos and players should make the most of it. Casinos get deposits from players, whereas players earn more and keep playing and depositing their money. Let’s take a closer look at all three factors.
Casino payout percentage
When you’re looking for a good and reliable online casino, make sure it has a high payout percentage. An acceptable percentage ranges from 94% to 99%. On average, it’s 95%. Moreover, most online casinos post this information on their site, so you can easily find it.
On the opposite of the payout percentage, there is a house edge, the amount of money an online casino takes and never returns. Usually, house edge is measured in percents, too. So, for example, if the payout is 95%, then the casino takes 5% of player’s wagers to the house. However, don’t panic right away. The house edge is different for every game and it takes money in the long-term. As a rule, players don’t notice, especially when they win over the amount they wagered. The house edge cannot be shown publicly. So, there’s no way you can see the real percentage of the casino.
Return to player (RTP)
This factor relates to any type of casino game. Simply put, this percentage shows the odds of winning. Every game includes this information at the bottom of the game rules. We do not recommend you to play games with RTP below 95%.
Before you start playing online casino games, you should know which game category pays to the house the most. It’s online slots. Generally, slot machines’ RTP ranges between 90-97%. If you find the lowest paying slot games, quit them right away. However, it’s ok if you open a progressive jackpot slot and find its RTP of 89%. Jackpot games are the lowest paying. But this is thanks to the large pot prize which you can suddenly win and not care of house edge anymore.
Next, table games and video poker are considered the highest paying games. Their RTP usually ranges from 95% to 99%. The games require more skills and involve a thorough thinking. Besides, their results do not only depend on a random number generator (RNG) but also on your decision. That’s why it’s much easier to win playing table games or video poker machines.
Live Dealer’s have almost the same as table games or even higher RTP. It ranges from 95% to 99.99%. Obviously, the payout is never 100% but the 0.01% to the house is much better than 5% of your wager. Live games can also differ. You can play live blackjack, live roulette, live poker, live baccarat, and even live game shows like Crazy Time by Evolution Gaming.
Payment methods
This factor is also important for the highest payout casinos because of the different timeframes for each payment option. You should pay close attention to withdrawal methods as they are those that connect your account and casino account. Deposits are always processed instantly. Top online casinos should have fast withdrawal options such as e-wallets and electronic bank transfers, along with the regular payment services like debit cards and bank transfer.
Select your withdrawal method wisely. This can affect your payout waiting time. Let us show you an example. If you choose a Visa debit card, you will receive your money in 3–5 days. But, if you choose an e-wallet, wait a few minutes to get your money. Mind that most online casinos mention the waiting period on their general banking webpages. Before joining a casino, visit the page with withdrawal options to find the instant methods.
Fast Payouts & Casino Bonuses
These two things almost never coincide. The thing is that in most casinos you cannot withdraw your bonus winnings. But you can withdraw your own money, and additionally to this, the bonus money will probably be forfeited. So, in the end of the day, you will not receive any rewarding cash.
And if you think that the winnings go to your general casino account, you are wrong. They are credited to bonus account because you win them using the bonus money, right? Sad, but true: the only way to withdraw your winnings after you claimed deposit bonuses is to complete the wagering requirements. And it isn’t so easy to do.
How to benefit from casino bonuses
Wagering requirements are like a barrier between you and your winnings. And no matter whether you got a cash bonus or free spins as a reward, you will have to meet the terms. Here’s how to get the bonus winnings:
- Before you claim a bonus, calculate the amount of deposit and wagering amount that you can afford. You can use our free wagering requirement calculator for this step. (All the figures necessary for the calculator you can find in the bonus T&Cs).
- As you found out the deposit amount, which will not hurt your budget, make a deposit.
- Mind that some casino bonuses allow you to deposit with only a few accepted payment methods.
- Play with the bonus money, try to make higher stakes.
- When you run out of your bonus money, place small bets with your own money.
- Play games to complete the wagering amount.
- Go to the banking page to request a withdrawal.
Another way to get winnings from bonuses is to use no wagering requirement bonuses. However, they are hard to find. Generally, this bonuses belong to cashback type of bonuses. It’s much easier to search for online casino bonuses with little-to-no requirements. Check the bonus wagering requirement of your online casino. If it says you have to wager a bonus amount 70 times, then you’d better find a different casino site. On the other hand, if your casino is offering only 10x or 20x wagering requirement, it’s much easier to complete the wagering requirement. Check out this page for the low wagering online casinos.
In Conclusion
Fast payouts are given in specific online casinos. If you want to have the best payout possible, choose from the list provided above, select a high RTP slot or table game, and withdraw the winnings with a fast banking option like an e-wallet or online bank transfer.
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