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Casino payouts need some processing before the funds are sent to your desired payment method.
This processing period can vary depending on several factors, such as the software solutions online casinos use for verifying the payments, their personnel, the time you're requesting a payout, and the requested sum.
Freak believes a payout should take at most 24 hours from the moment of your request. This is why he had us put together this list of fast-payout casinos, where your requested funds will be on their way in a maximum of 24 hours.
Once the casino has processed your withdrawal, you'll still need to wait to access your funds, depending on your payment method. Funds sent to debit cards or bank accounts can take 3 to 5 business days, while some digital solutions require a lot less time.
Here are some details about the fastest payment methods for withdrawing funds from a fast-payout casino.
| Payment Type | Payout Speed | Details |
|---|---|---|
| Paysafecard | Instant | Values vary for standard and non-standard accounts. |
| Paypal | Instant | Limits might vary based on your account type. |
| Skrill | Instant | Values vary for standard and non-standard accounts. |
| MatchPay | Instant | You can receive a maximum of 2 withdrawals in a 24-hour window. |
| Bitcoin | Up to 6 hours | Bitcoin is a cryptocurrency, so you will need a crypto wallet. |
| Ethereum | 24-48 hours | Ethereum is a cryptocurrency, so you will need a crypto wallet. |
Paysafecard
This widely used payment method lets you deposit funds via prepaid vouchers, which you can buy at more than 650,000 stores globally or online. To withdraw funds from a Paysafecard casino, you will need a myPaysafe account.
PayPal
This very popular e-wallet service is a common payment method in online casinos. It allows you to make near-instant deposits and cash-outs (not counting the casino processing times). It’s also a secure and easy-to-use way to pay at multiple PayPal casinos and keep your payment information safe.
Skrill
Skrill was created as an e-wallet specifically for gamblers. Due to this method’s high security and lack of fees for deposits and withdrawals, you'll find plenty of Skrill casinos. Many gamblers prefer Skrill for these reasons and other benefits, such as the ability to buy cryptocurrencies directly from your wallet.
Cryptocurrencies
Whether you’re a crypto believer or not, you can’t deny that these currencies are a great fit for online gambling. Transactions are fast, private, and secure. You’ll have to create a crypto wallet through a service like Metamask and join an online exchange such as Coinbase to use them.
A few factors can impact the speed of your payouts, and some relate to how casinos run their business. Here are some common conditions you should look for when joining a new casino, so you can determine how fast your potential payouts will be.
The Know Your Customer process is necessary for withdrawals. Gaining access to your funds will take much longer than needed if you stalled on sending your legal documents and never completed the KYC.
This identity verification is needed to ensure you’re of legal age to gamble and that you’re not trying to commit fraud.
To complete the verification, you will need to provide the casino with the following documents:
Freak's Tip
Although all casinos should identify their customers before granting them access to the casino, some don't and allow gamblers to make deposits and play their entire game collection.
These casinos will only ask for the documents when a player asks for their first withdrawal, making the process a lot slower and, honestly, annoying.
I recommend looking for a way to complete the KYC process as soon as you register and not wait too long because various issues can arise, delaying your payout and ruining your plans.
Some casinos have hard rules regarding the amount you can withdraw at any one time or the number of withdrawal requests you can send in a given period. You'll generally find all this information on a casino's Terms and Conditions page.
It's worth noting that these limits are generally high enough not to bother regular, small-time players. And high rollers should not worry either since these limits are often raised for VIP players or upon request.
A common complaint I see from players is that a new casino restricts their withdrawal. This is generally assumed to be foul play and met with negative reviews. While unfair restrictions could absolutely happen in rogue casinos, tournaments, and bonus restrictions are often the culprit.
For poker tournaments, it is often the case that withdrawals are restricted for a certain period after a deposit. This is done to avoid potential money laundering.
Likewise, some casinos might restrict your withdrawals when you claim a bonus until you complete the wagering requirements.
Reading the T&Cs of any casino you wish to join is paramount since it will warn you of any of these restrictions before they become a problem.
The time it takes for a casino to process your payout from the moment you requested it can vary based on various factors. Fast payouts are a great indicator of a modern, well-built casino platform.
However, you should always be mindful of the stated processing times. Some casinos reserve up to 5 business days for processing, and you’re better off planning for this in advance.
Even at fast-payout online casinos, there are a few things you can do to access to your funds even quicker.
Some do. But why would you want to cancel your withdrawal? Even if you withdraw by mistake, think of it as a happy little accident.
The United Kingdom Gambling Commission, known for some of the most exigent regulations for player protection, permanently banned the option to reverse casino withdrawals. It was considered a high risk for vulnerable players who might feel the temptation to continue gambling.
The same happened in Ontario, and is set to soon happen in Sweden. Moreover, many casinos offer the possibility to disable reversing withdrawals from your account, so look around for that option or contact customer service to take advantage of this protection tool.
The golden rule of responsible gambling is to understand why you’re gambling. Do you gamble because it's entertaining, or do you find yourself gambling to distract yourself from something?
According to QuitGamble.com - Responsible gambling means that we gamble for entertainment. If you gamble to distract yourself, it’s not responsible gambling anymore. One way to understand your gambling behavior is to finish the following statements:
Spend time with these statements, and if you start listing things after the third statement, you might have or be in the risk zone of developing a gambling problem.
