When any player looks at any online casino to see if it’s a good fit for him or her, the very first thing that any reputable source will suggest is checking out how fast they are with cash outs. If you can’t rely on getting your money whenever you run up some winnings, then you’ll be taking a bigger gamble on a payout than you would be on the games themselves, which completely defeats the point.
With that having been said, we go a step even further: We don’t believe that players should settle for anything less than getting their winnings quickly, and we feel very strongly about this fact considering there are a good number of high-quality sites out there with almost instant payments. Some brands are even labled as truly instant payout casinos, as the withdrawals back to electronic wallets such as Skrill and Neteller are processed instantly.
Fast paying casinos we recommend
All welcome bonuses are for new players only. Terms and conditions apply.
100% welcome bonus up to £100
Rizk Casino is not only one of the best casinos out there today, they are also probably the casino with the overall fastest withdrawals. They are an instant withdrawal casino back to both Skrill and Neteller, and they are also very fast in processing withdrawals back to other banking methods.
200% bonus up to £50
Royal Panda is a truly great casino with a wide variety of different casino games, online slots and live casino games. They are known for good customer service, a user friendly site and as a fast paying casino. At Royal Panda casino verified players will get their winnings paid within a few hours.
100% up to £100 first deposit bonus
Guts Casino is a very well respected brand that is part of the now famous Gaming Innovation Group. They have a large selection of casino games, and they are also very fast when it comes to processing withdrawals. Verified players will have their withdrawals processed within 2 hours back to bank accounts. E-wallet withdrawals are instant.
200% up to €50 first deposit bonus
Casumo is a well known, well respected and very safe casino to play at. They have been in business since 2012, and they have established themselves as one of the best online casinos. Withdrawals from the casino are usually very fast, often processed almost instantly.
Understanding the withdrawal Process
Some players will wonder why online casino sites allow you to have deposits put into your account right away, but withdrawals aren’t processed immediately. The reason for that is that the casino essentially gives you the instant deposit on credit while they wait for your deposit to clear. If something happens and your deposit doesn’t clear, if they haven’t paid out anything, so they can’t possibly be taking a loss. It’s a no-risk situation for them along these lines.
However, when it comes to a withdrawal, there are actual processes that have to happen before the money shows up in your account balance for a credit card, electronic wallet or bank account, and a lot of these processes are completely out of the control of the casino. For example, if you use a debit card to fill your vehicle with fuel in many parts of the world, you may not see the funds actually leave your bank account for a couple of days in many cases. This happens for many of the same reasons.
To this end, if you want to understand how fast-paying casinos are able to get their funds out as quickly as possible in the case of withdrawals, you have to understand what really goes into making this happen on their end.
Regulatory requirements are one issue that can slow down payouts, and identify verification is one of the key items that comes up over and over again when it comes to players having to deal with delays that are out of the control of the casino. Depending on the jurisdiction, they may be required to verify the identity of any player before any cash out of any size. Others may only have to verify your ID after you cash out more than a certain amount. This helps to prevent money laundering and identity theft, two crimes that are unfortunately fairly common in the gambling world as a whole, online or land-based.
One of the only ways you can avoid this type of delay is to verify your identity ahead of time. If you go ahead and initiate this as soon as you sign up with a casino, you’ll be taking a proactive approach to helping the site itself give you the fastest service available. Each casino will have a different process for you to follow, and information about it will usually be found on their cashier page on their website. If you can’t find it, then shooting a quick email to their support team will get you everything you need to know right away. They’ll be happy to help you, especially since they know you’re taking the initiative to get the best service possible.
Choice of Banking Method
Something else you have to realize is that your choice of banking method will directly impact the maximum speed as to which you can receive a withdrawal in the first place, and that’s something that is completely and totally outside of the control of the banking department of the online casino you’re playing with.
To give a quick example, cashing out to an electronic wallet might take less than 24 hours, depending on how efficient the casino is in processing your transaction, but then you’ll have to wait on the funds to go from your eWallet to your bank account, which can take anywhere from another 24 hours to 4-5 days depending on the wallet.
Alternatively, cash outs to credit cards can be very fast and give you immediate access to your funds. If you use bank wire transfers, that can take a few days with no way for the casino to speed things up.
If you want to have a good idea of what the different processing times are like for these options, they will normally be listed on the cashier page of their website or in the cashier section of their software. Again, if you can’t find that information, the customer service team will be glad to help you.
Other Factors That Can Affect Cash Out Times
There are additional factors that can affect how long it takes for you to get a withdrawal processed. For example, some online casino sites only have staff available Monday through Friday, so if you were to cash out on Saturday morning, the process itself wouldn’t even start until Monday at the earliest. Another issue could be seasonal load, as casinos tend to get a lot more busy around the holidays with so many people taking time off from work and other obligations. On some rare occasions where players win really big on online slots, or for example if you win a progressive jackpot, the casino usually verifies the win with the software provider to see that no foul play has been involved. This is however not an every day occurrence, and only happens with very big withdrawals.
Choose Fast-Paying Casinos for the Best Experience
If you want to have the best experience, you’ll do well to play with one of the casino sites that we recommend for being quick with cash outs. The reason for this is that if a site has put forth the effort to build out the infrastructure for timely cash outs, you know that they have put the same kind of effort into other aspects of their operation like bonus offers, customer service, software, security and so on. It’s a strong indicator of a great experience waiting to happen, and that’s why it’s so important of a factor to look for first.