If you’re a regular at land-based casinos, one of the major perks you probably enjoy the most is the ability to cash out immediately.
There’s nothing quite like the thrill of having your win handed out by the slot attendant, whilst the bright animations light up the screen in a spectacular show of color. But is it possible to enjoy the same benefits online? The short answer is yes, but only if you choose instant withdrawal casino sites.
As opposed to regular gambling platforms that take up to 72 hours or even more to process your request and release your funds, these alternative sites promote real-time or same-day withdrawals. On top, they support numerous banking methods for added flexibility.
Here, on best50casino.com, we will tell you the truth about which sites give your winnings back fast, what to avoid when making a payout request, and which payment providers are the fastest:
Reliable Fast Withdrawal Casinos
How is an Instant Withdrawal Casino Defined
The term “instant withdrawal casino” can have several meanings. There are casinos with instant payouts, fast payouts, and same-day payouts. The first in our list is the most sought-after option, as the funds are released straight away, in a matter of seconds or minutes at most. However, there are very few online casinos that actually deliver on this promise, that’s why the same day payout casinos are more common in the industry.
To account for all budget and device preferences, most trustworthy platforms will feature a host of banking alternatives, ranging from e-wallets to debit cards and even cryptocurrency. Additionally, if you go for a low minimum deposit online casino, you may also find mobile pay options listed, since these are perfectly adapted to the needs of low stakes players.
You should keep in mind, though, that the casino isn’t the only factor that can affect your withdrawal speed. The reason why they don’t pay you back immediately isn’t always because “they don’t have the money”. Other common culprits include public holidays that may delay a withdrawal, technical problems from a third-party institution, or even the player’s KYC-unverified status.
What Fast Withdrawal Casino Payment Methods to Consider
We’ve talked about the importance of choosing the right payment method, especially if you want to make an online casino easy deposit, with no delays or extra waiting times. Now, let’s see which options are ideal and which should be avoided at a same day payout casino.
Cryptocurrencies
A prevalent option you’ll find at new instant withdrawal casino sites is cryptocurrency. On average, crypto casinos will integrate at least 5-10 digital currencies that you can use, such as BTC, ETH, ADA or XRP.
Cryptocurrencies like LTC are among the fastest withdrawal options due to the way transactions work, which don’t need the approval of any banking system. Each transfer on the blockchain requires a set number of confirmations before it’s cleared. As such, crypto provides secure and pseudo-anonymous payments, making it suitable for anyone who wants to maintain their privacy when gambling online.
Pay N Play
Pay N Play casinos are also worth looking into, if you prefer local banking options. It was introduced by the Swedish fintech company, Trustly. At the moment, it’s only available in Sweden, Germany, Netherlands, Estonia, and Finland.
To make a payment, you simply need to connect your existing online banking credentials, and deposits are handled instantly. When it comes to withdrawals, this payment method makes your life easier, as you don’t have to insert any details, except for the amount you wish to withdraw, or worry about verification. Wazamba is one of the instant withdrawal casino sites that offer this alternative.
E-Wallets
E-wallets are practically virtual storage units for your debit cards and bank accounts. They enable you to make secure deposits and withdrawals, without revealing any sensitive financial information at the point of transfer, as opposed to credit cards.
Some e-wallets have become increasingly popular with gamblers due to their functionalities and loyalty perks, for example Skrill and NETELLER.
In recent years, PayPal online casinos have also gained legitimacy, as this payment giant is already trusted by millions of merchants and customers for shopping and other acquisitions. On average, e-wallets provide instant deposits, with cash out times rarely exceeding a few hours. Asian players may prefer to use Sticpay, while gamblers in the US have to turn to other solutions, as most e-wallets aren’t available in their region.
Prepaid Cards
Prepaid cards are a handy alternative to consider if you want to pay in cash online, control your budget better and maintain your confidentiality. The most well-known issuers are Neosurf, Cash Lib, Jeton Cash and PaySafeCard. To make a deposit, you only need to insert the code written on the voucher. However, do keep in mind that many of these options don’t support withdrawals at all. For example, this is the case with Neosurf online casinos.
One happy exception is Paysafecard. If you have an online MyPaysafe account, you can access your winnings this way, and processing times range from 24 to 48 hours on average.
Which Methods to Avoid on a Fast Withdrawal Casino
Not all payment methods are suitable for online gambling, though, and most importantly, not all of them offer quick withdrawals. Luckily, at a fast withdrawal casino, it’s unlikely to even find sluggish alternatives listed. As a general principle, if you want to get paid faster at a casino, then these are the methods you should avoid:
Cheques
What year is this, are we in the 90s? Why would you still use cheques anyway? This old-fashioned way of payment is no longer accepted at most same day payout casino sites, but, even with operators that offer it, you can expect long waiting times for your withdrawal.
Bank transfers
The same goes for bank transfers that have long pending times anyway, so they won’t be promoted on a same day withdrawal casino. That is because, usually, banks take between 3-8 days to process the transaction, which is enormous, especially compared to much faster, modern options that you can go for, instead.
Western Union transfers
Although it’s a go-to method to send money to a friend or a relative abroad, it’s not an efficient and particularly fast one for gambling. As such, once again, there’s a low chance you’ll even encounter it at an instant withdrawal casino. Even if you do, you would have to wait up to 5 days before you can grab hold of your winnings, so it’s not the most convenient alternative.
Credit/ Debit Cards
On the flip side, we aren’t so opposed to this payment option. Usually, card withdrawal times don’t exceed 3 days. However, you still have to think about the weekends. Depending on the operator’s policy and the schedule of any third-party financial institutions involved in the transfer, you might only get the winnings on Monday for any weekend withdrawal.
What Factors Affect Withdrawal Times?
Before you settle on a same day payout casino, you should understand which factors are involved when calculating the total processing time for a cashout request. Aside from internal policy and KYC demands, outside forces may also be at play, for example system downtime or technical errors. We’ve broken down the most important ones to consider below:
Transaction Processing Policy
The first and most important aspect to check is the estimated withdrawal duration at your chosen casino. This information will be listed in the T&Cs or the banking section, and it refers to how long it takes for the financial department to handle your request.
A reasonable time-window would be 24-48 hours. However, the total processing time can increase based on each individual payment provider. Avoid casinos that have longer processing periods for withdrawal requests than normal (e.g. 4-5 working days).
Verification Status
Before registering on any same day withdrawal online casinos, pay close attention to the KYC requirements. In some instances, withdrawal requests are only processed for verified users, so you will need to upload your documents first and wait for confirmation. Other websites practice a more lenient KYC process and might only ask you to undergo a full verification if you cash out larger sums.
Payment method selection
When you choose a payment method, you should always be aware of its withdrawal times. Even if you play at the fastest withdrawal online casino that instantly processes your cash out solicitation, it still has to be approved by the payment provider you use.
For example, if you try to make a wire transfer outside the bank’s working hours, you will have to wait till the next day for confirmation. On the other hand, if you use Bitcoin, your transaction will be completed within minutes or a few hours, depending on how congested the network is.
Player Status
Priority withdrawals are among the key selling points for any online casino VIP program. Naturally, if your chosen site has such a scheme in place, it’s very likely that VIPs will be the first in line when it comes to withdrawal requests, followed by regular players. Your status on the platform will play a major role in this regard so, if you can, try to achieve a higher VIP tier.
What Facts to Know About Instant Withdrawal Sites
Although they are certainly appealing to players who want lightning-fast access to winnings, fast withdrawal casinos are not without fault, either. Here are their most notable drawbacks to keep in mind before making your final decision:
Limited number of payments
First of all, some casinos might claim that they offer immediate withdrawals, but when they put it into practice, you realize the advertisement was false. Even worse, certain operators may only provide instant withdrawals for a very narrow selection of payment methods, such as e-wallets or crypto, which aren’t suitable for every player’s needs.
Fees
Some instant withdrawal casino sites may impose additional fees when you cash out, for example if the sums are below the minimum required, or if any currency exchange is involved. Moreover, payment providers can also come with their own set of commissions. To avoid paying extra if you don’t have to, read the banking section in great detail and the T&Cs. Alternatively, call your bank or negotiate with your e-wallet provider, if possible.
Mobile Payments
Another option you should take note of is mobile pay. For example, Monster offers Boku in the UK and Casumo has partnered with Mobilepay in Denmark, two excellent deposit options for the local players. However, mobile payments don’t offer withdrawals at all, and you should rely on a different method for cashing out.
Withdrawal limits
Finally, pay attention to the withdrawal limits of the casino. There is a reason why an operator might have modest weekly or monthly cashout limits, for example if they aren’t financially stable. Sometimes they even implement fees for additional withdrawals that exceed the period limit set by the casino.
Ideally, these given thresholds shouldn’t be exceedingly low, either. Instead, aim for them to be in line with your general spending habits so, if you hit a major win, you won’t have to spread it over multiple withdrawals.
Why is an Instant Withdrawal Casino Your Best Choice?
A fast withdrawal casino is a no-brainer if speed is of the essence to you and you want to enjoy your winnings straight away. To deliver on this promise, online casinos will integrate a wide range of payment methods that support faster transfers, such as cryptocurrency or e-wallets. In addition, many will streamline the KYC process or lower their requirements, in turn decreasing the total processing times even more.
Finally, VIP players might also find value in a quick payout casino, especially if the site promotes generous maximum limits and prioritizes its high-end clientele when it comes to cash-out orders.