Fast Payout Casinos 2023

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.