Why play at a casino that takes days or weeks to pay out your winnings, when you can play at casinos that process your cash outs within a few hours, or in some cases, instant? We have listed five casinos that are among the fastest paying casinos online today. Some of the casinos listed are even instant paying casinos back to some payment methods.
Fast paying online casinos for UK and EU players:
Why the choice of payment method can affect how fast you receive your withdrawal
One of the most important aspects of the online casino industry as a whole is being able to make payments to a site and receive payments back from them. There are a number of different types of payment options, though we typically put them into three groups or categories. While each category has its own pros and cons, the bottom line is that the casinos that pay the fastest are almost always the ones that are the most trustworthy and vice versa.
The first group of payment methods include credit cards, debit cards and gift cards. The available brands include Visa, MasterCard, Solo, Maestro and American Express. Making a deposit with these is much like making an online purchase of any other type. All it comes down to is putting in your card number and identifying information and waiting for it to go through. Credit card payments aren’t allowed from some areas for some sites, but they’re the go-to option for many parts of the world. You can also receive withdrawals back on your card in most situations, making it a quick, easy and convenient way to receive a cash out.
The second group consists of electronic wallets. Options like PayPal, Skrill and Neteller dominate the electronic wallet market for online gambling, though there are a variety of other options as well. Electronic wallets tend to have the fastest withdrawal speeds available if an online casino is really on the ball, and in some cases, you can get your cash out processed and sent to you within a few hours or even instant at the best online casinos. This is very impressive, and these e-wallets also make it easy to keep your casino bankroll and the rest of your funds separate.
The third and final group consists of pretty much everything else. Cryptocurrencies like bitcoin and ether are included in this group, as are more mainstream options like bank transfers, bank wires and electronic checks. Voucher systems like Paysafecard and the now defunct Ukash are also good examples of payment options that would fall into this third category. These options tend to have slower withdrawals than the options from the other two categories, but they are fairly consistent and have other types of advantages to offset that issue.
Why aren’t all pay outs instant?
Credit card withdrawals tend to take at least two to three business days at a minimum, and other options like bank transfers and bitcoin can take several days as well. Electronic wallet transfers can take as little as a few hours, as we mentioned above, but they’ll generally take at least one or two business days in practice.
There are a few different reasons for these minimum delays. The first is the nature of the systems that are used to transfer funds. For something like a credit card withdrawal, there are different checks and operations that happen behind the scenes that the casino personnel aren’t in control of, and those can slow things down quite a bit. This is mostly the case for anything that involves credit card companies or the banks.
For electronic wallets, however, everything is controlled in-house by those companies, which are outside of the normal banking systems. Their systems have been optimized and built from the ground up to work based on Internet transactions, while credit cards and bank wires were not. As such, the money can show up in your account within minutes of the transfer being initiated on the other side. While the internal processing times to get your payment verified and sent out can sometimes take a business day or two for security purposes (and making sure someone hasn’t hijacked your account), anything longer than that for electronic wallets is typically inside of the control of the casino.
Unreasonable delaying tactics from shady casinos can hinder fast payments
Unfortunately, there are some online casino sites that implement delays like this for shady reasons, and it’s not something that players should really tolerate. One idea behind this is that the longer you make a player wait, the more likely he or she is to reverse the withdrawal and play with that money instead. Another is that they actually don’t have the funds on hand to pay you, so they stall until they can. In either case, this isn’t a casino that you’d want to play with, and that’s why we only recommend sites that avoid these types of shady dealings.
This is a reason why you should only stick with the best online casinos, like the ones we are recommending in this article. This way you don’t have to wait for weeks to receive your winnings.
Final tips on how to receive yor withdrawal fast from online casinos
The bottom line is that online casinos that are trustworthy tend to pay as quickly as they can, taking into account the built-in limitations of certain payment methods. If you’re getting a credit card withdrawal within five business days, bank transfers within a week and electronic wallet transfers within 24 hours, then you’re at the limit of what’s pretty much the fastest that online casinos and process payments.
If lightning-fast cash outs are extremely important to you, then you should make sure that you’re using an electronic wallet. The best options in the business today are Skrill and Neteller, with PayPal also up there, though the latter isn’t always accepted as much as the first two. In any event, the right payment method paired with the right casino will get you extremely quick withdrawals that are as reliable as they are fast.
We also recommend you to verify your account as soon as possible after you have registered at a casino. This way you don’t have to wait for your account to verified (something that can take up to a few days at some casinos) before you receive your cash out. This will significantly speed up your first withdrawal at any casino.