What is it that allows online casinos to provide players with instant withdrawals? I will show the key to fast payouts and how to get them.
Last Updated: January 23, 2024
If you like to gamble online, then you obviously like the thrill of winning some extra cash. And I’m sure that you would also like to receive those potential winnings in the fastest way possible. This is only natural of course. I mean, who wants to wait days or weeks to get their hands on their casino cash? The key to fast payouts online is not difficult to find.
Therefore, I will go through some of the fundamental aspects of online casino processes. What it is that allows the best online casinos to provide same day payouts to players. Even withdrawals in under 1 hour, and in some cases, within 10 minutes.
Online Casino Legitimacy for Fast Payouts
The legitimacy of an online casino is of utmost importance. And although that may sound obvious, it’s true that there are many untrustworthy casinos online these days. And the unfortunate truth is that many players do not pay attention to this.
If the casino itself is sound in terms of trust and fairness, then you can expect good customer service and in turn, fast withdrawals. That being said, it does not necessarily mean that they automatically offer instant payouts. They will often need a dedicated team handling withdrawals on a 24/7 basis. This is not always the case.
However, what you can expect from a legitimate casino is that you will get your winnings in a timely manner.
Online Casino Customer Support and Loyalty
One of the keys to fast payouts at an online casino is the customer support they provide. If you play online at a casino with top notch support, then a speedy payout will likely be on the cards. This is especially true if you are a regular player because they take loyalty very seriously. A regular loyal player will not only receive the best support, but also priority withdrawals.
However, new players can also receive the best treatment if customer support is responsive and offers several options to reach them. I tend to find casinos that offer live chat and telephone options to be the best in terms of support and payout speed.
Fast Payout Payment Methods
Now, this is really the key to the fastest payouts. In truth, there are only a few payment methods that will allow you to receive your winnings instantly. Let’s look at some of these in a few categories.
Cryptocurrency
In the modern day, cryptocurrency is by far the fastest way to transact your banking between yourself and an online casino. Its speed is second to none, due to the easy and fast transition between Bitcoin wallets. The only hurdle in this case is the Blockchain transaction speed at the time of withdrawal. However, it is rare for this to exceed 30 minutes or so. (https://crypto.com/university/blockchain-scalability)
Another perk to using crypto is the no need to verify your account. The anonymity of crypto allows an online casino to provide players with no verification withdrawals. In this case, you will need to withdraw via the same method as your deposit.
There is no doubt that crypto like Bitcoin can offer near instant transactions between wallets. This is what can provide casino withdrawals in as little as 10 minutes in some cases.
E-Wallets
There are many e-wallets offered at online casinos these days. Some examples include Skrill, Payz and Neteller. If an e-wallet is your preferred method of payment, then you can enjoy instant payouts at a legit casino. In many cases, you can expect to receive your winnings within an hour or less.
The only drawback from here is that once it hits your online wallet, you still need to withdraw from your wallet. Moreover, you will likely need to wait up to 7 business days for the funds to arrive in your bank account.
Therefore, an e-wallet can easily be put in the category of an instant withdraw method. It is what happens from there that takes time. Unless of course you plan to use these wallet funds for other online transactions.
Bank Wire or Credit Card Payments
As popular as these payment methods are, especially credit cards, it is simply not possible to get instant payouts. Although your favorite casino may process your withdrawal quickly, it will take anywhere from 3 – 7 business days to arrive on your card or in your bank account.
This is of course not down to the casino, but down to the nature of the banking method in question. It is impossible for a casino to fast track one of these methods. This is key when it comes to looking for the fast payouts.
Let’s look at a few examples.
If we narrow things down and combine a legit casino with some popular banking methods, you can achieve the same results as below.
Wild Casino, we win $3000 and withdraw via Bitcoin.
- From requesting withdrawal to Bitcoin arriving in my online wallet – 30 minutes
- Trading my Bitcoin in my online wallet and receiving an instant bank deposit – 5 minutes.
- Total time from me requesting my online casino withdrawal to cash in hand – 35 minutes!
Casino Extreme, we win $700 and withdraw via Bitcoin.
- From requesting withdrawal to Bitcoin arriving in my online wallet – 22 minutes
- Trading my Bitcoin in my online wallet and receiving an instant bank deposit – 5 minutes.
- Total time from me requesting my online casino withdrawal to cash in hand – 27 minutes!
Casino Extreme, we win $1000 and withdraw via Neteller.
- From requesting withdrawal to Neteller arriving in my online wallet – 25 minutes.
- Withdrawing funds from my online Neteller wallet to bank account – 3 business days.
- Total time from me requesting my online casino withdrawal to cash in hand – 3 business days.
Wild Casino, we win $3000 and withdraw via Bank Wire.
- Request withdrawal to process starting – Instant.
- Total time from me requesting my online casino withdrawal to cash in hand – 7 business days!
As you can see from the above examples, even though we may be playing at the same casinos, withdrawing via different methods makes a huge difference to the payout speed.
A Good Casino is not always the Fastest
It is worth mentioning that even though some casinos may take a day or two to process a withdrawal, it does not make them a bad place to play. They are outstanding casinos providing some of the best online gaming experiences available. But if instant payouts are your priority, then you will need to play at these casinos and with Bitcoin or altcoins.
Conclusion – Key to Online Casino Fast Payouts
To conclude, the key to online casino instant withdrawals is the payment method used to conduct the financial transactions to and from your online casino account. Although, you also need to combine this with the online casino itself and how fast they act on withdrawals requests. Some are no doubt faster than others.
In the real world, not every online casino offers fast payouts. Therefore, I suggest you use cryptocurrency or e-wallets if instant withdrawals are a priority for you.
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