One of the many things you will find in common among most gambling enthusiasts in this day and age is that nobody likes to sit and wait for days before getting their withdrawals from online casinos.
For many years, online casino enthusiasts had to wait a couple of days for the processing of their casino winnings to be completed by their favourite online casinos. However, thanks to the rapid advances in technological development, things are a bit faster nowadays. We will explain everything you need to know to successfully play at some of the best fast payout casinos.
How to Get Started with a Fast Payout Casino
If you are a newbie in the online gambling sphere, you may wonder how to start a fast payout casino. Thankfully, the process is not complicated and involves the same method you would follow when you want to play at any other online casino. As such, getting started with a fast payout casino is relatively easy and can be done by following the few steps highlighted below:
- Find the right fast payout casino: Naturally, the first step to getting started at a fast payout online casino is finding the right casino. One of the most important steps requires the players to screen through all the available options to find the site that provides the best comprehensive services to its players.
- Click the Sign Up option: Once you have found the right fast payout casino for you, the next step to take is to sign up to the platform. To do this, you need to access the casino's homepage and click on the "Sign Up" button to start the registration process.
- Follow the registration process: Clicking the "Sign Up" button will take you to a registration page, where you will need to provide all the required information, including email address, name, address, etc. Then, you can submit the registration form to complete the registration.
- Confirm Email address: Some online casinos might need you to confirm that you have provided a valid email address through a confirmation mail that the casino will send to your inbox.
- Deposit funds: Playing games is the next step to take once your account is up and running. But before you can do that, you will need to fund the newly created account by depositing money through any available payment methods.
- Start playing: Once there is real money in your account at the fast payout casino, you can get started on having fun and playing a casino game that catches your fancy.
Things to Look Out for When Choosing a Fast Payout Casino
One of the mistakes that many gambling enthusiasts today make is that they get too excited about the idea of playing at a fast payout casino and completely overlook all other criteria. Casino players can often ignore factors like licensing status, safety and security, casino reputation on the market, selection of games, and other essential factors in the excitement of finding a platform that will payout any winnings you earn from the casino instantly.
Ultimately, this has led to players finding themselves on a disappointing site. So, while getting the fastest possible payout is an integral part of playing casino games online, it should not be the only criteria you consider when selecting a preferred online casino for playing games.
Some of the factors you should be considering when you are making your choice includes:
- Licensing status: By far, the most crucial factor to consider before joining any online casino is its licensing status. A valid gaming licence shows that a platform is legal and operates under all the rules and regulations to which gaming platforms are supposed to adhere.
- Reputation: The market reputation of an online casino determines whether or not the platform is trustworthy. So, before you sign up to play at a fast payout casino, consider the reputation the casino has on the online gambling market to see if it has a good or questionable reputation in the market.
- Game variety: At the end of the day, any player will play at fast payout casinos to play games. The more games are available to a player at a gaming site, the more fun the players will have when they play. So, before you sign up to play at any fast payout platform, you should ensure that the site features a massive selection of games and variety.
- Other players' reviews: There are certain things about an online casino that you won't find by reading the fine prints. The opinions and the experience of actual players that have at one time or the other played games at an online casino will help you figure out whether or not a platform is worth your time.
- Customer support: Many experienced online gambling enthusiasts have discovered through hard-earned experience; therefore, we cannot overemphasize the importance of solid customer support at an online casino. Sooner or later, most players will come across an issue they cannot resolve without help from the casino. So, you want a site that offers a solid customer support service that is professional, has in-depth knowledge, responds promptly, and is available 24/7.
- Casino bonuses: For most players, casino bonuses and promotions can be a great way to have more playtime when playing their favourite casino games. Plus, bonuses and promotions can help you enjoy some bonus winnings if you can meet the wagering requirements. So, you want a fast payout casino that features many different welcome bonuses and promotional offers.
Pending Period Explained
One of the many things that differentiate online gambling from playing casino games at a brick-and-mortar gambling hall is the process of cashing out your winnings. After enjoying your time at a brick-and-mortar casino, all you usually have to do is walk to the casino cashier's booth to change your chips to cash.
However, this is not the case for online casinos due to the nature of online gambling. Withdrawals from online casinos usually need to be processed and approved by the casino operator before releasing the funds to the player. The pending period is the duration of time from when a player requests a withdrawal to when the casino finally approves it. The funds will sit in the player's account before the operator's accounting department processes the withdrawal request.
This pending period can take anywhere between 24 hours and 48 hours, depending on the online casino of choice. The processing period at some sites can even take up to 4 days. It is noteworthy that players can cancel or reverse any withdrawal request if necessary during this period. This period and the processing stage are why withdrawals usually take long at online casinos. That said, more and more online casinos are starting to quicken up the pace, offering shorter pending periods. Today, the best fast payout online casinos have short or no pending periods, making it possible for players to get to their winnings faster.
Understanding Withdrawal Limits
You will agree that deposit and withdrawal processing is one of the essential aspects of any online casino. That said, uncontrolled deposits and withdrawals at any online casino could lead to several undesirable situations; this is why deposit and withdrawal limits apply at most casinos. Withdrawal limits are usually the minimum and maximum allowable amounts a player can cash out in one go. The minimum amount you can generally withdraw at most fast payout online casinos varies from one casino to another but usually ranges from €10 to €20. That said, the most crucial factor to consider is the maximum withdrawal amount.
Naturally, there are restrictions on how much players can withdraw in any transaction daily, weekly, or monthly at most online casinos. However, the specific maximum limit imposed usually varies from one site to another. These maximum restrictions can have a potential impact on your experience while having fun at your favourite online casino, especially when you need to make a withdrawal of massive amounts. So, it would be best if you watched out for the maximum allowable amount that a preferred online casino would allow you to withdraw at any given time.
How to Cash Out from a Fast Payout Online Casino?
Inexperienced online casino enthusiasts might be wondering how to cash out their winnings from a fast payout casino. Thankfully, the process is the same as any other online casino. The first step usually involves navigating to the player account or dedicated banking section. Once there, you can request a withdrawal by entering how much you want to withdraw and the means through which you wish to process the withdrawal. Typically, you will have to process the withdrawal via the same method you used to deposit to the casino. For example, if you have deposited via your Skrill wallet, you would have to process your withdrawal to the same wallet.
When you have successfully provided all the required information, you can submit the withdrawal request and set the process in motion. After the pending period, the casino will process the request and check if everything should be. If everything is as expected, the casino will approve the request and then process the payment to the player's chosen payment method.
You will find that when it comes to making deposits to online casinos, the money is usually credited to players' accounts instantly regardless of the method used, except for maybe wire transfer, which can sometimes take longer. But things are not the same when it comes to processing withdrawals. Different payment methods usually have different timeframes for processing cashouts. While some methods process withdrawals instantly or almost instantly, others do not.
If you wonder which payment methods are available for fast casino cashouts, you will be glad to know that there are many trusted and secure methods. This section will look at some of the most popular payment methods available for fast to almost instantaneous payouts.
Documents Required for Cash Out
One unavoidable process that every player has to go through at any online casino, including fast payout casinos, is the Know Your Customer (KYC) process. All regulated online casinos must carry out a mandatory process before any player can process cashout requests; to verify that you are who you say you are, preventing underage gambling, fraud, and financial crimes like money laundering. In rare cases, some casinos would automatically verify their players' identities.
In other cases, you would have to manually confirm your identity by providing some relevant documents, such as:
- ID document: The ID document proves your identity and legitimacy to gamble. It can be a passport, driving licence, national ID card, or any legitimate identity document.
- Proof of address: This is any document that shows your residential address information. It can be a phone bill, power bill, gas bill, or other utility bill. It can also be a bank statement document or any document that shows your residential address information.
- Proof of payment method document: Casinos request this document to verify that a player at the helm of a casino account is indeed the one that processes deposits for the account.
- Source of Wealth or Source of Funds documents: In addition to the papers we have talked about, some online casinos can also request you to show a source of wealth/source of funds document. These documents can be in the form of a tax statement, bank statement, and payslip.
Typically, players can either send clear copies of these documents to the casino via email or upload them directly to their account if the option is available. It is noteworthy to mention that the earlier a player provides these documents at their preferred online casino, the quicker the verification process will be completed and the faster they will receive their withdrawals. Also, online casinos are allowed to withhold players' funds if a player does not provide the required KYC documents.
You will find that when it comes to making deposits to online casinos, the money is usually credited to players' accounts instantly regardless of the method used, except for maybe wire transfer, which can sometimes take longer. But things are not the same when it comes to processing withdrawals. Different payment methods usually have different timeframes for processing cashouts.
While some methods process withdrawals instantly or almost instantly, others do not. If you wonder which payment methods are available for fast casino cashouts, you will be glad to know that there are many trusted and secure methods. This section will look at some of the most popular payment methods available for fast to almost instantaneous payouts.
Paypal is by far one of the most popular payment methods you will find out there today. It is a mainstay payment method used by hundreds of online vendors to process payments. Naturally, the online gambling industry is also not left out as Paypal is also an option used by many online casinos to process deposits and withdrawals.
However, most online casinos do accept Paypal as a payment method which shouldn't be the case. Paypal is a highly reputable and trusted company that provides a safe and secure platform for casino players to quickly and conveniently make payments. Plus, it facilitates instant withdrawals, making it a perfect option for fast payout online casinos. The best part is that it is super easy to transfer funds from Paypal to your bank account, usually without any added fees.
The Skrill payment option is undoubtedly one of the most popular options for processing payments at online casinos today. Like Paypal, Skrill is another popular e-wallet known for speed and secure premium protection. As an e-wallet, withdrawals to a Skrill account are super fast, and its payments are instantly processed once it is approved, which is why it is a popular option for most fast payout casinos.
Like Skrill, Neteller is another major e-wallet payment method widely available to players at many online casinos. Neteller is a user-friendly payment method known for safe and secure transfers with state-of-the-art security measures and data encryption. It makes it possible for players to make deposits and withdrawals without worries or hassles.
Naturally, withdrawals through Neteller are superfast and are usually processed instantly after the casino's approval. Interestingly, many online casinos are even known to offer special Neteller bonuses and promotions to players who deposit using the method.
Trustly is one of the many smaller payment providers gaining traction in the online payment industry today. Naturally, it has also become a go-to option for processing payments by many online casinos. However, many online casinos haven't yet adopted the method.
Cryptocurrencies like bitcoin have become commonplace for online payment transactions, and the online casino industry is no exception. As such, when you go online to play casino games today, you will find loads of online casinos offering players the option of processing withdrawals using both fiat currencies and bitcoins. Like the other methods on our list, payments with bitcoin are so fast it's instantaneous.
One of the most significant advantages of bitcoin payment is that it offers players the chance to be completely anonymous when they make online payments. Plus, cryptocurrencies like bitcoin use a very secure system for transactions, making it a safe and fast option. The only downside is that while many fast payout casinos have already adopted payment through bitcoin and other cryptocurrencies, the vast majority of casinos still do not use bitcoin as a payment option.
Payment Methods to Avoid
When it comes to payment processing, most online casinos offer a wide variety to their players. They do this so that their customers would have multiple options, making it possible for most to find convenient ones. As such, even if a casino boasts of being a fast payout online casino, you are sure to find some payment methods that don't process withdrawals instantaneously. That said, a rule of thumb for most online casinos and betting sites today, usually the payment method used to deposit the original funds is the same as the withdrawal method.
If a player uses a method that does not process fast withdrawals when making their deposit, they will have to wait for the stipulated time before getting their funds. So, if you are interested in instant withdrawal payouts from a fast payout casino, it is probably best that you avoid the following payment methods.
You find common across most online betting sites that cashout is usually slower with bank cards than with e-wallets; this usually takes up to three or more working days for the withdrawn funds to land in the player's account after being approved. As such, if you want a fast payout method, you should avoid using bank cards.
The bank transfer payment method is by far the slowest payment method you will find for withdrawals at most online casinos. Depending on the bank and online casino of choice, a bank wire transfer withdrawal could take anywhere between one and five working days. In some cases of uncontrollable delays, it could even take longer. As such, this is one method you need to avoid when you want fast withdrawals.
One of the payment methods that is becoming increasingly popular across most betting sites today is prepaid cards and vouchers. This method offers many benefits to players, limiting overspending, theft protection, zero activation or monthly service fee, and so on.
However, while this method is an excellent option for players to make deposits into their online casino accounts, it is not the greatest option for withdrawals. In most cases, most online casinos will only give you the chance of processing your withdrawal via bank transfer if you deposit with prepaid cards. As we have established that bank transfer is by no means a fast payout method, it is probably best to avoid prepaid cards.
As is the case in most areas of life, some people are treated more special than others when it comes to online casinos cashouts. These special people are VIPs, either loyal regular players at the casino or high rollers who frequently spend big bucks at the casino. That said, one of the many perks that most online casinos give to their VIP players, especially the top-level members of the VIP or loyalty programme, is the privilege to enjoy faster withdrawals than the other players at the casino.
They do this by giving special attention to the withdrawals of such VIP members by giving their request a top priority, thereby processing it quicker. Even fast payout online casinos that offer regular players fast payouts would usually provide nearly instant withdrawals in their VIP or loyalty programme.
- No waiting time
- Funds instantly deposited
- Not supported by all payment methods
- Might be charged a fee
Today, online casino enthusiasts do not want to wait for a long time to receive their winnings from an online casino. As such, fast payout casinos have become a thing in the online gambling industry, with many online casinos offering quicker and faster withdrawals to their players.
Beyond playing at a fast payout online casino, it is also essential that you consider other relevant criteria before you sign up to play at any preferred site. Check out the licencing status, security, game selections, and customer support service, among others, before making your final decision.
Fast Pay-out Casinos FAQs
Yes, fast payout casinos licenced and regulated by any of the most reputable licencing authorities like the Malta Gaming Authority (MGA) or the Gambling Commission of Great Britain (UKGC) are safe for players.
As such, before you sign up to play at any fast payout casino, ensure that your choice is licenced and regulated.
Several things directly affect the speed at which online casinos process withdrawals for their players.
The first is the mandatory Know Your Customer (KYC) procedure that every player has to complete before processing a withdrawal at any online casino.
That said, withdrawal speed is also impacted by the banking method a player is using, the casino withdrawal time frame, the pending period, and the casino's Anti-money laundering (AML) checks.
A pending period in an online casino is when a player initiates the withdrawal and when the casino starts processing the request.
After this period, the casino does some mandatory and necessary checks to ensure that the withdrawal is legitimate.
Depending on the casino of choice, this period can range from 24 to about 48 hours, though many fast payout casinos do it quicker.
This is usually largely dependent on the location and the services provided by your preferred online casino.
However, in general, money wallets, also known as e-wallets such as Skrill, Neteller, and Paypal, among others, tend to be the fastest to pay out withdrawals.
Even at slower casinos, e-wallets have the fastest timeframe for processing withdrawals.
Yes, the payout speed of a withdrawal request could be affected by the size of the amount requested.
This is because withdrawal of large amounts may require additional KYC documents so that the casino may ensure that the request is from the rightful individual.
Generally, certain fast-paying casinos charge withdrawal fees for certain payment methods. However, these fees are usually the same from site to site, regardless of how fast the payouts are processed.
Most fast payout online casinos will provide their players with various payment options. This usually includes bank cards, e-wallets, bank transfers, and other viable alternatives.
The method that is the fastest for processing cashouts is the e-wallet option.
Sadly, while payment through cryptocurrencies like bitcoin has become commonplace across many online casinos today, not all casinos offer it.
As such, if you are interested in bitcoin payments, make sure your choice of casino offers it before you sign up.
Part of the experience of many casinos you will find online today is a VIP programme for their loyal and regular players, especially high rollers.
One of the many perks of being a VIP at most online casinos is a faster payout time frame, though this varies from one casino to another.
Typically, if you deposit at an online casino via one method, you will only be able to withdraw via the same method. Interestingly, there are exceptions to these restrictions.
For example, if you fund your account via deposit-only methods like Paysafecard, you will have the option of processing your withdrawal via bank transfer.