Nothing is more disappointing than finding the online casino of your dreams only to discover that it has slow withdrawals. We searched for the fastest payout online casinos in the industry and present them to you. For the impatient ones, the list below also features instant withdrawal casinos that will pay out your winnings in the blink of an eye!
Fast-paying vs slow-paying casinos
When we look at casinos we think about a good time and some of the best nights of our life. Praise the lord for the varied payments methods available to us players. Today we shall be comparing what is acceptable in terms of fast-paying casinos as opposed to slow-paying casinos. The glitz and glamour of tournaments, game variety and bold titles are cool, but let’s get down to business with some data about withdrawal times, shall we? And always remember that the best operators offer fast payouts, not only tempting bonuses. So, if instant withdrawal casinos is what you’re after, here’s what you need to know.
Let’s start by glancing at the various payment methods available to us players as well as what’s considered fast and slow for each method.
A credit or a debit card payment option is a necessity for a fast-paying casino. You would expect any withdrawals from the casino, to reach your card within 1-3 working days max. Just keep in mind that if you are a Mastercard user, the brand might allow you to deposit but you might face a wall trying to withdraw due to restrictions. No worries at all, you can bypass this by making sure that you use a Mastercard pre-paid card that’s connected to your ewallet.
Another thing to keep in mind is having your casino transactions displayed on your credit/ debit card statement. Do you need that? This is why e-wallets were invented after all, plus the added security of not having your card details splashed online. Also, always make sure that you read all the info about using your cards in the casino’s T&Cs section!
Another option to consider is the standard bank transfer. It’s a very trustworthy and secure payment method, widely popular across many different regions. Bank transfer is split into 3 main categories:
- Local bank transfer
The local bank transfer is when you have an account with the same banking institution that the casino has, hence normally such transfers would be debit and credit and are made immediately in the case of fast-payout casinos. If you are unlucky enough, this would sometimes take 1-2 days. In our humble opinion, anything going over the 2-day mark would be slow-paying, hence it would be good checking the bank’s Internet Banking cut off times to make sure that you are still on time.
- International bank transfer
SEPA payments are usually the best for casino aficionados! SEPA is a group of 28 EU countries that have teamed up in bringing you some of the best banking experience with regards to payments/withdrawals within the designated region. Normally payments that are within SEPA take around 1-3 working days, with some being also immediate, if Lady Luck is having a good day! To check if your casino is in the SEPA region, it needs to hold an account in one of the following countries: Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom and Croatia.
- Non-EU/Offshore Accounts
Do you know what a bad day looks like at a casino? When you win, want to withdraw your winnings and realize that the casino holds an account which is Non-EU or offshore. The acceptable time frame for actioning a withdrawal from such accounts would be 3-5 working days. Anything above that would not be a sign of a fast-payout casino.
How about a maximum of 4 hours for receiving your casino withdrawal funds? This is the same day withdrawal casino policy that Neteller and Skrill advertise in line with your favorite playground. In our world, the player’s world, we want to get our hands on the winnings today, hence we crave for 24-hour withdrawal casinos. Furthermore, a maximum of 48-hour withdrawals would be a medium speed for an operator.
Just for everyone’s sanity, we need to keep in mind that an e-wallet is not a banking institution, they are a third party that will help you safeguard your online persona thanks to a small fee. There is no excuse for delays when it comes to e-wallets, we want our money and we want it fast. Both Neteller and Skrill can make that happen, so same day casino withdrawals are a fact!
We loved PayPal, until we compared their payment fees with that of other e-wallets. Nonetheless, we deem the acceptable withdrawal times for PayPal to be 24 hours maximum. Hence online casinos using PayPal should offer instant payout. If we had to receive a payment with 24-48 hours via our PayPal account, we would say that the casino has a medium payment speed, whilst any payments reaching us after that would be totally unacceptable, hence slow-paying.
Again, no banks are involved, hence casino payouts should be actioned on the same day, and if any excuses are thrown, we shall indeed cover our ears. Us gamblers know our processes and we also want same day casino payouts!Top 4 instant withdrawal casinos
How to find the fastest payout online casinos
Here at Best50Casino we love our games, and casinos are our second home. Without further ado, let us guide you with some tips on how to find quick withdrawal casinos. And above all, let us share with you the most common excuses casinos use to delay your much-needed winnings!
First-time withdrawals take more time due to account verification (KYC)
Fraud and money laundering scandals have rocked the banking world many times. The answer to that is KYC (Know Your Customer) procedures, which will hit you on the first time you attempt to withdraw your funds. What we suggest you do to make the process swifter is to just send in all your verification documents at the registration stage. This way you’ll avoid any unnecessary delays, which are a legal obligation from the gaming authority by the way.
Withdrawal processing should be instant upon transaction approval
Some casinos will advise that it will normally take them up to 1 working day to process withdrawals. Our answer? Boo hoo, no way! Truth is, once the payment is approved, the processing of it should be immediate and with no delays. Keep in mind that they need to click just 1 button for the money to reach you safely. Just remember that for banks, weekends are not regarded as working days so that might cause a slight delay in withdrawals to reach you. The rest, do not take no for an answer. If the casino does not approve faster, it means they are under-staffed and should consider beefing up their operation. Not your problem at all!
Avoid online casinos that leave your withdrawal request pending for too long
Just like everything in life, some casinos will have a strategy to keep you playing and also using your winnings! Casinos might delay accepting your withdrawal so that you will cancel your request and use your winning to have more good times at their games. Keep that in mind when the casino delays your withdrawals. Sad but true.
Factors that affect payout speed
There are some other factors that will impact the speed at which a casino withdrawal will reach you. Funnily enough, we cannot blame everything on the failed global banking system or the operators.
Your country of origin and its views on gambling will play a big part. Each country has its own banking regulations and although some countries offer various payment methods and withdrawals, others do not. For example, if you’re a USA player, your country would support the UIGEA law which imposes restrictions of allowing transactions between an online casino and banks. Laws are laws after all, and as much as we hate them, they are there to be followed. Keep your country gambling rules in mind when searching for your next fast payout casino.
How much is your withdrawal? This is a question that will impact the speed at which your winnings will land to your account. It’s good for you to know that some casinos will have a daily player amount limit that can be withdrawn. This is applied to keep track of their expenditures and also to make sure that their accounts are not in default. Can you split your withdrawal in various payments or can you withdraw everything at one go in 1 day? Online casinos with fast payouts will usually not impose such limitations.
Location of the casino’s bank account
Look out for casinos that are licensed in the UK or in Malta, as they apply some very strict rules on casinos including rules for payment methods. Casinos holding such licenses would need to abide by such rules or face hefty fines otherwise. On the other hand, if the casino holds a Curacao license, they might hold their bank account elsewhere hence you might face delays in receiving your money. Have a look at the payments and license section of the T&Cs closely.
We get it! You won money and you want it immediately. This is the normal psychology of the human being. Winning at a casino is easy, and it should not be a journey to the center of the earth to enjoy your winnings, hence make sure you are playing at the right casino. Play hard but play safe is our motto. And safety comes along with playing at casinos that offer fast and secure payouts. So, if instant withdrawal casinos is what you’re after, check out Royal Panda, Leo Vegas and Energy Casino. You will not be disappointed!B50 recommended casinos