Withdrawals are the most interesting part of online casinos. This is what players come for. Of course, you want to have fun, but more than this, you want to be paid. And casino games are perhaps the best way to earn money. However, players receive their payouts not quickly and they hate it. In fact, nobody likes to wait for their money. That is why it is very important for casinos to process withdrawal requests fast and easy. But only a few online casinos can boast of instant withdrawals. Why? Read on to find out.
Why Online Casinos Are Slow To Pay Out
A few things can influence slow money processing. First, it’s verification. Almost every online casino requires you to send your identity proof. Doing so, online casinos prevent money laundering and protect players from third party intervention. This is a good move, but it takes time. A customer support agent asks you to send documents, you take photos or screenshots of your verifying documents, then they check them comparing to the information that you filled in during registration. And they won’t just wait till you send the documents. They have other consumers too, so you will have to wait again until it’s your turn. When they finally get to your docs, they also check them with your payment service. If the data match, you are approved, and your casino account is verified. Ultimately, the casino banking department sends you the money.
But on the other side of the transaction, there are banks or payment services. They should also verify the transaction. They must make sure that the casino is safe to cooperate with. Banking agents need to check the transaction against your identity. It also takes time. And don’t forget that banks work with a specific schedule. So, if you request winnings on weekends using a regular bank transfer, get ready for at least five days’ waiting period.
Compliance with T&Cs
Before sending your money, online casinos like to check if you violated their Bible — General T&Cs. Especially, it’s relevant when you’ve claimed casino bonuses before withdrawal. Online casinos apply bonus T&Cs to confuse you. Usually, a bonus is so attractive that players forget to check the T&Cs, but when it comes to withdrawal, casinos tell that you can’t have your money. You should have read the T&Cs carefully because they state that you can’t withdraw the bonus winnings until you wager them a certain amount of time. As a rule, this wagering amount exceeds bonus money amount 30-40 times! It’s the ugly truth.
When this happens, online casinos resist paying and all you need to do is to complete the wagering requirement. If you don’t know how to calculate your real wagering amount, click here to use our wagering requirement calculator.
Only after casino sees that you’ve met the requirements, you can pretend on payout. And then the verification process starts if you haven’t verifies your account yet.
Instant Payment Options
Reduced withdrawal times depend on a payment method you choose. The best casinos that are legal, safe, and offer excellent customer service are good at payouts. Most of them need 1–3 days to process the payment, but some can take up to 5 days. Again, it depends on the banking option. The most usable Visa and MasterCard credit/debit cards process money for 2-3 days, on average. Regular bank transfer can take up to 5 days unlike electronic bank transfer such as Interac and Trustly that can process money instantly. And there are e-wallets which are super fast. A casino that offers e-wallets and e-transfers delivers winnings in almost no time. Here are payment methods to look for at online casinos:
Using one of these payment options, you are guaranteed to withdraw your winnings instantly. Moreover, casinos with these payment services don’t require you to send documents for verification. The reason is simple. When you create an account at one of the instant payment services, you send them all the identity proofs. So, by the time when you request your instant payout, the online casino already knows you are who you are. All you need to send is a verification code from your payment service.
Best Withdrawal Online Casinos
Now, instant withdrawals are trending in online gambling world. So, it’s pretty simple to find a casino site which offers the mentioned withdrawal methods. Below, let’s find out which casinos payout with no hassle.
PlayAmo is famous for its collection of over 3,500 games, and its fast withdrawals. In general, it takes up to 24 hours to process your withdrawal depending on your payment method. But if you select E-wallets or bitcoin, your withdrawal will take only a few minutes. If you were to use bank cards, your withdrawal might have taken up to 3 days, and bank transfers even more — 3 to 5 banking days.
This online casino grew in popularity for its fast deposits and withdrawals. Wildz promises to process your payments in 30 minutes or even faster. But it also claims that it might take up to 3 business days depending on the payment method. With E-wallets, your winnings appear in your wallet within minutes. It also doesn’t require your info for verification. On the other hand, bank transfer, bank cards, and online banks may require some info to process the payment in 1–3 days.
Another online casino, popular for its “blink of an eye” deposits and withdrawals. Casumo’s motto is “your payments processed in a blink”. But Casumo charges a fee for deposits or withdrawals regardless of payment method. Similarly to other casinos, E-wallets are the fastest with instant processing. While bank transfer and credit cards can take up to 5 days.
This online casino cashes you out securely and lightning-fast with no extra charges. Likewise, waiting periods depend on the payment methods used. Lucky Days processes withdrawal requests within 24 hours. In the same vein, E-wallets — instant payout, and banking options — up to 5 days.
With a total of 8 withdrawal methods, Genesis offers instant e-wallet payouts, bank card payouts — 3 days, and online banking — 3–5 days.
Slow Down With Fast Withdrawals
Fast payouts are nice and simple, but you should keep in mind one thing: always check payment Terms and Conditions. Let us explain it with an example:
You sign up with a casino, deposit money with your visa card, play fun games and win $5,000. Surely you want to withdraw them. You go to the banking page to request for an instant withdrawal, which is why you select Trustly. But the casino doesn’t give you the money, and you are frustrated. Now you have to change your withdrawal method, which is no way fast. It can take 3 days until you see your $5,000 on your bank account.
These situations are pretty often because some online casinos don’t let you cash out with a method different from deposit one. They state it in the terms saying that you can only withdraw with the same payment option which you used for deposit. So be attentive to these things.
Tips To Withdraw Fast
In this article, we’ve put together fast withdrawal information and recommendations of the best withdrawal casinos. But we have one more piece of knowledge to share with you. We advise you to use the following tips that will help you withdraw fast without problems.
- Play at fast payout casinos. Look through the casino listings on our site, particularly on this page where we recommended online casinos. Choose a casino that suits you best and sign up. Pay attention to casino’s licensing, variety of games, payment options, and don’t forget to read players’ comments.
- Check the T&Cs regarding payment process. Each casino has its own policy. It’s good if your casino lets you withdraw with any method, but if it doesn’t, then you might need to change your deposit method for e-wallet.
- Check if your payment service is applicable for the bonus. Some casinos do not let you claim a bonus if you deposit money using a specific payment option. For example, Neteller can be expelled, so your only choice would be to use your debit card.
- Claim a casino bonus properly. If you are sure that you can afford the necessary wagering amount, then claim the bonus. But if you think your casino sets too high wagering requirement, then maybe you don’t need the bonus? Decide for yourself.
- Make sure you’ve met the Bonus T&Cs. The terms are not only about wagering requirement. There are also such things as min/max stake amount and game contribution percentage which varies according to the game you’re playing.
- Select instant payout option. It’s best if you have an account at Trustly, PayPal, Neteller, or any other instant payment service. If there’s nothing wrong with your account and winnings, the casino will pay you out in a few minutes.
- Verify your account at the beginning. Right after you signed up is the best time to verify your account. By the time when you withdraw, you won’t be asked for the documents. Though if you use one of the instant payout options, you might not even be asked for it. But just in case.
As you can see, not only casinos are slow, but also the banks and payment services are. Sometimes, a transaction takes 3 or even 5 days to process. To get your winnings faster, select e-wallet or e-transfer methods. Make sure the casino terms on your preferable payment method please you. Practice our tips for fast payout and join some of the recommended casinos to receive your winnings quickly.