Which Online Casinos Process Payments the Fastest?
You never know when you’ll need to withdraw your profits from an online casino in a hurry. What you will find are big differences between the fastest paying online casinos and the rest. This guide takes you through the details of making sure you can get paid quickly.
The process starts before you deposit. If you choose the right method of getting your money on board, then taking it back out again becomes a lot easier. Some methods are available internationally, while a smaller number can also be used from the US.
Choosing a fast paying casino is vital, as a lot of the time taken for your cash out request will be administrative. If you find a casino with a solid reputation for speedy payments – half of the battle is already won.
You’ll find a lot of information on making sure your casino withdrawals are fast and easy on this page. First below, I have covered the different methods US players can use to withdraw money. After that the international methods are covered. The process of paying out money from the casino’s perspective is also discussed. At the bottom of the page some more advanced info on the fastest paying casinos can be found. This includes how withdrawals affect bonuses, and quick note on making sure your casino is legitimate.
Credit cards including MasterCard, Visa and Amex are the most popular deposit options at the offshore US online casinos. There is one major drawback with this payment method – they can’t be used for withdrawals.
Here are the most common ways for US players to get their profits back from online casinos:
It surprises many first-time players that paper checks are the number one. Most casinos will cut one check per month for free. There is usually an administration fee for any more than this. The checks are mailed or sent via courier. This is not the fastest payment method. You must wait while the check is cut, then mailed and then will need to wait again while your bank clears the funds. It does make up for the lack of speed by being very reliable. US banks will accept paper checks without any problems.
Bitcoin is growing in popularity, and could well become the single most popular way of transacting with online casinos. Virtual currencies are (for now at least) beyond the reach of the financial authorities. You can set up a Bitcoin wallet in minutes. Once you have set this up, you can use it for deposits and withdrawals as often as you like. This is the single fastest payment option for both deposits and withdrawals. Casinos will usually only let you cash out with Bitcoin after you have made a deposit with this.
Money transfer services are faster than checks, though more expensive than Bitcoin. Here you are using companies such as Western Union or MoneyGram. To get around the fact that they do not transact with online casinos, the money will come from an individual. Casinos pass on the fees to you for these withdrawals. Depending on the casino, you can have your withdrawal in a few days with money transfer payments.
If you are outside of the US, there are fewer restrictions on banking methods. This allows for the following payment options to be used in addition to those listed above.
Electronic wallets include PayPal, Neteller and Skrill. These are 3rd party services which do charge fees. You can upload money from your bank, then use the wallets to make your deposit. This allows you to deposit without needing to give your bank details to the casinos. Withdrawals can be fast and easy to these wallets – though you will need to have made a deposit using them first in most cases.
Local bank transfers are the go-to method for withdrawals where you made a deposit with a service which does not support pay-outs. MasterCard and prepaid vouchers are one-way for example. These transfers can take up to 3 days. This starts once the casino has approved your withdrawal. International bank transfers (wires) can be used for larger amounts. These have a cost, which the casino may pass on.
When you request a withdrawal, the casinos will often request back up documents. Some players do find this a frustrating delay to the cash out process. Proof of address, photo Id and sometimes a picture of the credit card you used to deposit (you can black out some of the numbers) are requested.
Legitimate players should welcome these checks. These stop money laundering and fraud, and keep online casinos relatively clean. If it were not for these checks, casinos might not exist at all (at least reputable ones!).
Casinos also batch the pay outs, which can lead to a delay. This can be anything from a couple of days to more than a week. It certainly pays to stick with casinos that have a reputation for fast payments – like the brands we feature here!
When you cash out from any gambling site, you’ll usually get a message warning you about your bonuses. This will usually say that any current bonus offers will be cancelled when you cash out.
This is designed to keep your money on board. Whether you choose to go ahead with the withdrawal will depend on the type of bonuses you are clearing.
It makes no sense to leave any free spins or ‘no risk’ bets on the table. Make sure you check your account for any of these before you withdraw. Bonuses which involve play-through can be more complex. If you have a bonus amount in your account which can’t be withdrawn, it may disappear if you cash out. Then you need to weigh the value of this against the amount you are cashing out. If you are just a few ‘points’ away from clearing a bonus and receiving a lump sum – then you should get that money into your account first.
The time to check details like this is before you make that first deposit. You can find out more in the casino bonus pages right here on this site.
I mentioned earlier in the page that sticking to the reputable casinos listed here is important. If you want to try different online gambling sites, I recommend some serious background checks. Not only do you need to know whether a casino has fast pay-outs – you need to know whether you are likely to get paid at all.
There are 3 key factors to look out for:
Finding the fastest paying casinos is not a big challenge. Use the right payment methods, stick to trusted brands and make sure you check the small print of your bonus offers – and you should have your money quickly, and easily!