Fast Payout Casinos

In the world of instant coffee and 5G internet, customers expect quick response times and instant access to what is theirs. Who still wants to wait five days for a bank transfer to reflect? There are some things to look out for and remember when browsing the world wide web for an online casino. It has become somewhat of an art to pick the right place to put your money into. Quick access to your funds is high on the priorities list for many online gamers. People don’t want to wait for days to cash out their winnings.

Payment methods payout speed

In the table bellow we have listed the different payout options with some examples. However they might be different according to the location you are trying to play from.

As you will see – the only instant withdrawal type is the E-wallet.

Thanks to e-wallet and virtual payment processors, this problem is moving toward a resolution. By using services like PayPal, Neteller, and Skrill, you can have access to instant withdrawals from an online casino. These so-called fast-pay casinos are growing in popularity but do not be fooled by fancy gimmicks and big promises.

You have to keep in mind that casinos want you to deposit your money and gamble with it. They want you to keep playing and not withdraw anything. Less reputable casinos might use these waiting times to tempt you to play with the money you might have withdrawn. Research is your friend in the endeavour to find an online casino suited to your needs. There are tools like VPNs and website checkers to help you do comprehensive research outside of your country.

The last thing this introduction needs to remind you is that online gambling is meant to be fun. It is a source of entertainment and not a means to make money in order to live. Do not put your hard earned money into an online casino if you have rent to pay.

Reasons to choose a casino with fast payouts

Some might think that picking a casino based on their payout times is essential. It does seem desirable to have quick access to the funds in your casino account. Others might not care and prefer to use bank transfers because of the higher limits in terms of payout amounts.

However, fast access to funds is not the only reason to look at a casino’s withdrawal methods. A variety of both deposit and withdrawal methods is a sign of a reputable online casino. If popular payment processing companies are working with a particular website on a long-term basis, it is a good sign.

You have to make sure that the casino’s payout trend is based on the long-term. Online casinos may have good payout reviews for a month or two, but you need to be able to confirm payout accountability over a more extended period of time.

A myriad of methods but no choice

Putting money into a casino is often the easiest part of the process. Getting your money out is where your headache starts. You need to make a deposit to start playing with any casino, but we don’t think you want to struggle with a withdrawal or not get any payout at all. Some casinos may offer multiple ways to make deposits into your casino account but only two or three ways of getting it back in your own bank.

You have an option of making deposits and withdrawals via debit or credit cards, bank transfers, e-wallets, or even crypto-currency services. These services will be different for each site, although the most popular ones are Mastercard, Visa, Bitcoin, Skrill, Neteller, and Paypal.

It is essential to lookup withdrawal methods as well as deposit options. People tend only to look at the casino’s ads and see the vast amount of deposit methods. Casinos will have long lists of these on the main page as an enticement to join them. You often have to go to the terms and conditions page to find the withdrawal methods and all the rules attached to them.

It might feel like looking for a needle in a haystack, but Google can be a good assistant when looking for site specifics. You have to look up the withdrawal methods, fees, and all the documentation you will need to provide.

Most of these withdrawal methods also come with a one to five day waiting period. Bank transfers take notoriously long to clear, but even debit card credits might take up to three days. Enter the e-wallet.

Different Options of deposit or withdrawal

The well-known bank transfer or card payment

Some might feel more comfortable with the ‘old-school’ payment methods. However, they are infamous for their reflection times. Bank transfer can take up to five days to make it back into your account. Debit and credit card payouts usually make you wait between 24 and 72 hours to reflect.

There is an upside to these payment methods, though. High-rollers prefer bank transfers or bank wires because there are often higher or even no withdrawal limits.

The e-wallet

Payment processors linked to your bank account have become the fastest and safest way to transact online. We know them as electronic wallets or e-wallets for short. It is a virtual space where you can send and receive money without credit or debit card details. Paypal might be the most well-known example of this.

Most of these services transact in US dollars or Euros but are situated in countries like Malta. The e-wallet is faster because it does not need the time a standard bank account needs to clear your country and the casino’s.

Safety and Security

The best thing about using an e-wallet is the minimum levels of information you have to provide to make and receive payments. You might only have to fill in your email address or a virtual pin. No card info, no bank info, and no CVVs have to be typed in on the casino sites.

Most casinos encrypt their information with the best the industry has to offer, but data leaks happen. In the case of e-wallets, no personal banking information is stored on the website’s servers. It reduces the chances of identity theft and fraud by hackers as long as you keep your e-wallet password safe. The security on these virtual payment sites is much more impressive and designed to keep your information safe.

Instant payments

The next perk of e-wallets is the quick transfer of funds online. Deposits and withdrawals instantly reflect in casino accounts. The problem? Fewer places take payment directly from PayPal and even fewer from other e-wallet companies. The cash is technically not in your hands yet. You might still have to wait hours or days for the money to be transferred from your e-wallet back into your linked bank account.

List of most used e-wallet services:

• Neteller
• Skrill
• PayPal
• ecoPayz
• Trustly
• QIWI
• WebMoney
• EPS
• Jeton
• uPayCard

Cryptocurrency options

Virtual currencies are becoming very popular among online gamers. You can opt to use your cryptocurrency account to make deposits to and request withdrawals from online casinos. It is not a common sight to see on all online casino websites, but at the moment, it looks like the numbers will continue to grow.

The reflection time of a withdrawal might be the same as a bank transfer, but some sites do provide you with the option of paying an upgraded network fee. This fee upfront means that you will have instant access to your money when transferred from your casino account.

The attraction of cryptocurrency lies in its anonymity. You often don’t need proof of ID to request a withdrawal to a cryptocurrency account. Crypto casinos are becoming more and more trendy.

Reasons for delayed payment of casino winnings

• Casinos have a lot of requests
  Although this is not an excuse for violating the rules they have imposed themselves, sometimes delays can happen due to a high volume of withdrawal requests. Also, if you play at an online casino that does not offer weekend withdrawals, your request will be processed on the first working day.
• This is your first withdrawal request
  If you have never withdrawn money from that casino before and you haven’t verified your account beforehand, you will have to send the necessary paperwork. After that, your withdrawal request will be processed. The whole procedure may take up to a week.
• You have not sent all documents needed
  Casinos have strict anti-fraud policies and players have no choice but to comply with them. To have your identity verified, you need to consult with the casino management and send clear copies of all documents required. Make sure you do as they advise to avoid unnecessary delays.
• You are not old enough to play
  Your winnings will not be confiscated once the casino management discovers you are under legal age to play.
• There is a 24h pending period (reversal)
  Some online casinos leave players’ withdrawal request on “pending” for 24 hours. During that time, you can reverse the withdrawal and continue playing instead of cashing out. If you take no action during the 24-hour pending time, your withdrawal will be processed.
• You have requested a withdrawal via bank transfer
  The advantage of the bank transfer deposits and withdrawals is that there is no limit as to how much you can deposit/ withdraw. That’s the reason why it is among the primary payment methods used by high rollers. On the downside, bank transfers and wire transfers take several days to complete.

Due Diligence

Find a reliable casino with a good reputation. It is up to you to do the research and find a reputable casino that suits your needs. Casinos need to be licensed for your safety and theirs. Gaming authorities keep an eye on casinos’ operations and deem them legitimate.

There are many laws that come with online gambling, which will differ from one country to another. An online casino might be available to players internationally, but it needs to be registered in the country it is based.

Many casinos choose Malta, Curacao, or the UK, and you will find them licensed with the Malta Gaming Authority, Curacao e-Gaming Authority, or the UK Gaming Commission. Some casinos might be licenced in more than one country.

Having a valid license does not let you off the hook, though. You still need to check a few things before signing on and depositing your hard-earned money into their account. Advertisements will dazzle you with amazing bonuses and deals. They will sing the praises of whoever pays them to do so. Do not fall at this first hurdle. Look deeper and always remember Ts and Cs apply.

Things you need to look up:

• Casino license
• Player Reviews
• Deposit and Withdrawal methods
• Withdrawal fees, conditions and waiting time
• Terms and Conditions on Bonuses
• VIP Programs
• Casino Operation Hours
• Wagering requirements
• Know Your Customer (KYC) guidelines and Anti-Money Laundering (AML) Laws

There are various reasons for you to look up the things on the abovementioned list. All of them affect the amount of time it will take to get pay-outs. The casino’s license speaks to its reputation. You will always find people who try to take advantage of a good thing. There are reports of players being unable to get their money out of a casino.

You will pick up the warning signs from other players’ reviews too. Casino websites might have payout information available on their site, but you need to look up outside reviews on other websites. Customer reviews are a valuable source of information based on experience. The key here is never to believe just one website or person. Look for repeat problems or complaint consistencies.

Requesting a withdrawal from any casino is no small feat. You need proof of identification and proof of residence to start. If these verifications have not been done on sign-up or before requesting the withdrawal, your reflection time will be lengthened. It helps to look up the KYC and AML terms and be aware of what is required of you and the casino.

Other things might affect your withdrawal time. Some casinos have VIP programs that will shorten reflection times and increase withdrawal limits. Some casinos don’t operate 24/7 or have limited support hours. This means that you might not be helped immediately, or your request won’t be processed immediately.

Another huge factor that affects payouts is the bonuses you use. Casinos put wagering requirements on bonuses. You may use the bonus to play immediately, but you need to adhere to these requirements if you want to cash out that money.

The twists and turns of Terms and Conditions

Reputable casinos will have all their terms and conditions listed for you to read before signing up. Go through the deposit and withdrawal methods that the casino uses. Each payment processor might have fees attached to it. This could be a percentage of the withdrawal or amount the bank charges for transfers.

An essential element to highlight is that some casinos might have limited withdrawal methods, where others have different requirements. One of these insists that you use the same methods of withdrawal as you did for the deposit. You need to be aware if this is the casino’s rule because you need to act preemptively. If you used a debit card to make the deposit, you might be stuck with the waiting period connected with it.

Some of the rules are put in place to protect you. Anti-Money Laundering Laws are put in place to prevent organized crime from misusing online casinos to their own ends. This law does affect every player since you cannot receive funds into your casino account from an outside source. The credit or debit card and bank account you use need to be in your name, and you need to own the e-wallet or payments processor account connected to your online casino profile. If you put funds into your bankroll from another source, all of your winnings might be voided, and your account closed.

Instant might also mean same-day

The last thing you need to note when doing research is that the word ‘instant’ has been used very loosely by online casinos. They might be referring to same-day payment, which takes a couple of hours. Even proper instant payments might take up to an hour to reflect.

Check the fees

Another thing to search for in the terms and conditions is the withdrawal fees. This might be a percentage of your withdrawal determined by the casino or the banking costs associated with making the transfer.

Casinos don’t usually offer a higher fee for a quicker transfer, but your payment processor might have an upgraded network fee that might expedite the process.

Signs of a reputable casino

Fast and reliable payouts are inexplicably linked to a reputable casino. A casino’s dependability might even be more important than a quick payout. There will be a greater game variety. You will have a better overall experience in a casino that has been tried and tested.

Here is a list of signs to look out for when trying to determine a casino’s legitimacy:

• Registered and Licensed
• Majority positive reviews
• Good software providers
• Trusted withdrawal methods and payment partners
• A clean slate on third-party casino sites
• RTP
• Customer support available 24/7
• Clear and always available Terms and Conditions page
• Website URL that starts with HTTPS://

Registered and Licensed

Do not waste your time on unlicensed casinos. You will lose your money and not have an entertaining experience in return. Various gaming authorities around the world help to monitor casinos and keep them to the laws in the country they are registered in.

Majority positive review

No one is perfect, and that is undoubtedly true of any service provider. It is essential not to get stuck on one good or one bad review. People are incredibly opinionated and will look for problems. However, a consistent stream of the same type of situation does indicate that the issue might lie with the casino.

Player reviews might also highlight things that are important to you or that you don’t care about at all. These reviews can help guide you towards a reliable casino and a casino that appeals to your gameplay preferences.

Good software providers

Game developers will seek out good casinos. It is not useful for the software developers‘ bottom line to be associated with the blacklisted casino. A wide variety of games from various creators will lead you to more reputable casinos.

Trusted withdrawal methods and payment partners

Services like Paypal are known for doing their due diligence and being picky about who they affiliate with. The variety of payment and withdrawal methods available through an online casino also speaks to its reliability.

A clean slate on third-party sites

There are many websites that host reviews about online casinos and the game that is available on them. These third-party websites have no vested interest in advertising a casino. You will find player reviews here as well as blacklists of sketchy casinos to watch out for.

RTP

A casino’s RTP is determined by an independent auditor and tells a player what percentage of their deposit is returned to the player in winnings on average in a specific game. A ridiculously high RTP might be a red flag as a casino is still a business that has to make money. However, a low or high RTP in a game might also be connected to the game’s volatility with either constant small wins or rare big wins.

Customer support available 24/7

Casinos that have the resources and staff to support a 24/7 customer assistance services are by definition more reputable. Someone is on hand to help whenever you need them, whether you are a VIP or not. It also speaks to the casino’s ability and cash flow to support a bigger staff.

Clear and always available Terms and Conditions page

You need to have ready access to the rules that the casino will expect you to follow. If it is too hard to find or suspiciously short, we recommend staying away from the casino. You might not want to read through it, but it is necessary to have a fun experience. Once you are clear of the Ts and Cs, the weight is lifted, and most of your initial questions will be answered.

Website URL starts with https://

The ‘s’ in the above statement is what is vital to a safe online experience. It means the site is secured, and therefore the information you are entering into the site is protected. You should not enter any personal or bank information on a site that only has HTTP://.

Fast verification

Verification paperwork needs to be done before trying to make your first withdrawal. You need proof of identity and proof of residence to start with. Then you need to follow the casino’s KYC guidelines and provide all the information they request.

We suggest you start the verification process as soon as you are registered with the site. If you keep a secure file with all the documents they request close at hand, you might speed up the verification and, therefore, the withdrawal process.

Pay attention to the details when submitting these documents. All four corners of the ID need to be visible, and your proof of residence must not be older than three months. Some casinos want photos of the ID, and other prefer scanned copies. You need to make sure all the details on the documents are clear and readable, like the name, address, or additional typed information.

There are also a few conditions under which you will have to resubmit documents for verification or, at the very least, have a telephonic conversation with a casino representative. These include significant withdrawal amounts that might be over the casino’s threshold or larger than four times the size of your last deposit.

The burden is on you to follow-up on these verification requests. If a client doesn’t respond to the claims, an account may be suspended indefinitely.

This process is the reason gamers are leaning toward cryptocurrency as it requires fewer verification documents and has a faster payout too.

Fast verification casinos

* Please note that verification might take more time if the requested documents are not presented from the first request.

The other reasons you might have to wait

The wagering requirement

A wagering requirement is placed on winnings of bonuses that casinos offer to their clients. It means that you have to bet a certain amount of money before you can cash out. This requirement will differ from one casino to another but usually fall between ten and 50 times the bonus amount.

A casino might offer a 100% match deposit welcome bonus. If you deposit $50 and the casino matches that, you have $100 to play with. The casino bonus, in essence, is $50 for you to bet with. The casino might have a wagering requirement of 10x. You then have to have wagered and played with $500 before being able to cash out winnings earned with the bonus stake of $50.

Bonuses are designed to keep you playing for longer, and the wagering limit adds to that pressure to keep playing. You can bet any of the winnings from bonuses immediately but withdrawing them takes time. Setting a high wagering limit means you will have to play longer and bet more before being able to submit a withdrawal request.

Casinos with no wager bonuses are cropping up all over the web as a response to player’s frustration with high wagering requirements. Most of these have not had the opportunity to be tried and tested, but some are receiving good reviews. They focus on free spins matched to your deposit rather than match bonuses.

It is your first withdrawal

Getting all the paperwork done for a first withdrawal might feel like a mountain to climb. The casino will do Know Your Customer (KYC) checks to ensure that you are who you say you are and that you live where you said you did.

This will mean the first payout you receive from any online casino will be delayed. The approval will take time, even if the payment method is instant. You might have to fill out paperwork multiple times. Luckily that frustrating back-and-forth should only apply to your first withdrawal request.

The pending period

Casinos run different checks when you request a withdrawal. The payout time only starts from the moment the withdrawal is approved. The pending period is extra time that you might wait. It might take minutes, or it might take a few days. Be aware that you might wait longer even if you are gambling with a fast payout casino.

Other casinos might have a 24-hour pending period to simply allow you to change your mind. During this time, you have the ability to recall the withdrawal request.

Third-party providers

Banking hours or the operating hours of your financial provider might delay payment. This is out of the casino’s control. E-wallets and cryptocurrency providers like Bitcoin mostly operate 24/7, but banks do not. You need to be aware of this when requesting a withdrawal because the casino might not have anything to do with your waiting time.

Jackpots and limits

If you are lucky enough to win a jackpot, you might have to wait a while to get all of that money to you. Firstly there will be more KYC paperwork because the casino has to ensure that payment is going to the owner of the account.

If you have done all of that, you still might not get the whole amount at once. Casinos have daily and weekly withdrawal limits, and you might have to accept your payout in segments.

It is a weekend, federal holiday, or outside operating hours

Not all casinos are available for support or requests 24/7. Some might set strict operational hours that are limited to weekdays for a specific time. If you request a withdrawal outside of these times, it will be delayed as it will not be submitted to the relevant accounting department for the necessary checks. If there is a public holiday in the country from which the casino operates or in the country which hosts your bank account, you might have to wait a day for a response.

Responsible Gambling

Do not sign up for an online casino to make money. The aim of online casinos is to entertain. You should approach it in the spirit of having fun. You should not be gambling with your rent or grocery money. The general rule is to only play with money that you can lose. It’s all about enjoying the game.

Look at a casino’s return to player (RTP) rate. All of those are below 100%, which means that you will always lose a little bit. If a casino has a 95% RTP, it means that generally, players make 95$ for every $100 they spend.

All casinos are built to entertain. The benefit of playing from your desktop at home or your mobile device is that the temptations of drinking and excess may allow you to act more level-headed when gambling. The problem is that you can, in fact, play anywhere at any time. You have no time limit for your session. A player needs to set their own limitations when it comes to time spent playing and amounts you deposit and wager.

By law, online gambling operators are required to submit a responsible gambling plan and then implement it on their websites. Almost all casinos have a set of self-exclusion programs that players can opt into. You can choose to freeze your account for up to six months or simply be blocked from using the site in future.

People who look for fast payout casinos might need it because they use money designated for something else. If you do not need the money, a five-day wait isn’t a problem. Even if you end up winning big, it must not be a big deal to get to the money quickly.

If you are struggling with a gambling addiction, please contact a helpline or counselling group that can provide you with assistance. Websites like the National Council on Problem Gambling (NCPG) have a helpline that is 100% confidential and available 24/7.

Third-party intervention and legal actions

You signed up for a fast payout casino, but nothing has been paid out. After spending time filling in all the paperwork, providing all the verified documents, adhering to bonus terms, no deposit shows up in your account. What do you do now?

First, get all your ducks in a row. Make sure you have adhered to wagering requirements and have provided all the documents requested of you. Remember, the casino might have a pending period that needs to be added to the reflection time. You also need to adhere to its rules. If the payment was made by someone else into your casino account, your wins might get voided under the AML Law. If the withdrawal has been approved, but you haven’t received it in the estimated time, you need to contact the casino.

Hopefully, you have chosen one with a 24/7 Live Chat so you can reach them at any time. If not, you can send the casino an email or contact them during operating hours. Send the casino all the proof you have of the confirmation of the withdrawal and the documents you submitted. Explain the problem clearly and logically, and a customer support representative will try to assist.

Keep all the communication you receive from customer support as you might need it as proof of contact. If you are using the Live Chat feature, take screenshots of the communication or mark the emails you send to and receive from the casino. Keeping the lines of communication will allow you to get to the bottom of problems with the payment through the casino’s channels. You are within your rights to ask for a supervisor if you feel the issue isn’t resolved.

There are a few options available if customer support is ineffective and you realize that you might not receive a payout. There are third-party sites out there that assist in keeping casinos true to their word. Bad reviews and reports can be devastating to a casino’s client base because news online travels fast. There are sites where you can leave reviews on your experience with specific online casinos, but there are also websites that will assist with your dispute and even contact the casino on your behalf. There is evidence that this has been effective, and people have been reimbursed.

Your last course of action is to contact the authority under which the casino is licensed. The regulatory authority might not be able to get you the money that is owed, but they keep track of complaints. The casino will lose its license if it can be proved that the payout was refused for no reason.

The turnaround timeline – an example

It is essential to understand the difference in the meaning of terms used by gambling websites. They refer to turnaround times, approval times, and payout times. The expected payout times that are listed on casinos are often for the time it takes from the moment the withdrawal is approved to the time it reflects in a client’s bank account. However, a turnaround time refers to the cumulative time it takes from when the withdrawal request is submitted until the time it reflects.

The turnaround time includes the pending period and verification time that is required but not included on the payout table that is often found on the casino’s website. The pending period might be between 24 and 72 hours long.

The Accounting department of a casino has no limit of time within which they have to approve a request. It is in your best interest to look out for requests from a casino regarding verification documents. A delay on your side to respond to verification requests will cause a delay in approval. We will note that it is in a casino’s best interest to process the withdrawal requests and related verification documents as quickly as they can. People will get suspicious if the process takes too long and are less inclined to deposit more money into the casino.

The full turnaround time includes:

1. Withdrawal request
2. Pending period
3. Accounting department verification and approval
4. Payment submitted to a payment processor
5. Reflection time

A summary of it all

Online gambling has become a very popular recreational activity in the past few years. The COVID-19 pandemic and subsequent lockdowns that were implemented globally have added more people to the online gaming community. This also opened the doors for chancers and crooks.

The only way to keep yourself safe is to look for a reliable casino from which you know you can get your winnings back into your bank account. Most people will not want to wait days or weeks in order to access these funds. Fast payout casinos with a variety of withdrawal methods are definitely the right choice for many. The connection with various reliable payment processors also speaks to the casino’s reputation.

You have to do the work before putting your money into an online casino, or you might have an uphill battle when trying to get it out. Doing a little research will assist you in making the right decision. Taking the time to look up the casino’s reputation will pay off in the long run.

You also need to take the stress off making money. Focus on the entertainment value of the game and do not treat it as a way to make money to survive. Contact a helpline or counselling group if you are struggling with a gambling addiction.  If you approach online gambling with the attitude of having fun, the pressure to get money out of the account quickly might fade in importance.

Bottom line

The payout speed should be a major factor when opening an online casino account. Fast payouts indicate that the casino you have chosen is financially sustainable and committed to establishing relationships with players based on fairness. No reputable casino would delay your payment for 2 weeks hoping that you will get tired of waiting, reverse the withdrawal and play through your winnings. To cut a long story short – stick to the brands Correct Casinos has tested on your behalf and don’t worry about scam casinos. Sooner or later, they will end up in our “blacklisted casinos” list.