In today's consumer market, waiting extended periods for a payout is no longer an option. Many online casinos now offer instant deposits and withdrawals, making same-day payouts a reality.
In the lines below, we cover information on the fastest withdrawal casinos and layout things you should be mindful of, from this moment on.
Is There Such a Thing as an "Instant Withdrawal Casino"?
Instant Withdrawal Casinos exist, but they are still rare. With an instant payout casino, players get an efficient service that almost immediately completes their withdrawal request.
The fastest withdrawal casinos stretch their offer from 0 to 1 hour. Others, that are also considered fast, stretch from 12 to 24 hours.
In some jurisdictions, such as in the UK, a short wait time is established in law. The idea is to spend more time gaming or relaxing than worrying about your payment being processed.
AskGamblers considers fast casino withdrawals those that have pending times 0-1 hour.
Which Casinos Have the Fastest Withdrawal?
These are the casinos whose pending time of E-wallets is up to one hour. But, what does that mean, exactly?
The pending time is for the casino to approve the withdrawal, as the KYC team will review the transaction and player behaviour. E-wallets can then pay in 1 hour AFTER the approval. So, if the casino advertises 1 hour, that's what they mean.
Essentially, it could still take 24 hours to be approved, rounding at 25-hour withdrawal time, in that case.
Additionally, online casinos that offer various payment options are more preferable gambling destinations for everyone who's into fast withdrawals. When there are plenty of payment methods available, there are plenty of options to withdraw money fast, too.
Casinos that feature PayPal, Neteller, Skrill and Bitcoin are the casinos to opt for. Pay ‘n’ Play casinos are a great option, too.
What Is a Casino Withdrawal Time?
In online gambling, withdrawal time refers to the process of transferring money from the casino to your bank account, i.e., the time needed for the funds to reach your account.
The term is primarily used in online casinos because the process of getting paid in land-based casinos is simple: you simply walk to the cage and cash in the chips you want to.
What Does a Casino Withdrawal Timeframe Consist of?
There are several things you need to consider when playing in an online casino before making a withdrawal request:
Some online casinos allow a fixed number of withdrawals per month, only.
The amount players can withdraw in one go can sometimes be limited.
Every casino has its own withdrawal timetable.
You should be allowed to cancel the withdrawal request during payment processing.
It usually takes anywhere from 24 to 72 hours to get your money, sometimes even longer (2-8 business days). The speed of your transfer usually depends on the payment method you are using for withdrawal.
Every casino has different terms and conditions concerning withdrawing money. Inspect them properly before gambling at your chosen online platform.
Security Checks/KYC get conducted to confirm the payment used belongs to the customer and ensure the customer is of legal age.
What Is Considered as Slow Casino Pending Time?
Slow casino pending time is any time longer than 24 to 48 hours for payment processing. Fast payout casinos shouldn't take longer than 24 hours to have your money ready.
Naturally, withdrawal times depend on the payment method, also – as each payment method is attached to their internally determined payout times.
What Is Considered as Fast Casino Pending Time?
Fast casino pending time is anything from 0 to 1 hour. Unfortunately, there still aren't too many online casinos offering this fast of a withdrawal, but there are some, like crypto casinos, you can count on for such fast transfers.
The faster a pending casino time is, the better they rank in the online gambling world.
Casino Withdrawal Time Using Cryptocurrencies
Bitcoin casinos are the closest there is to instant withdrawal casinos as they pay out the same day without a doubt. Withdrawal time is within minutes due to the way their transactions work.
As crypto transactions don't need any banking system approval but that of another person, things go smoothly and quickly.
There are people who "chase" approvals (aka mining) because that way they earn a fraction of the sum. This is one of the reasons why crypto transactions get processed as fast as they do.
Casino Withdrawal Time Using E-Wallets
E-Wallets are an instant deposit method, with withdrawals taking from one to four hours maximum. They guarantee payout on the same day you deposited.
Instant withdrawal casinos usually offer various E-Wallets so that you can have more options and the possibility to split your funds to different processors.
If you are based in Europe and the UK, Paypal is the most secure option that you have in this category. Skrill and Neteller are also proven to be trustworthy options.
Casino Withdrawal Time Using Credit Cards
Although credit cards have been getting a bad reputation lately, they still make for a solid and secure payment method. Withdrawal times with credit or debit cards don't usually take longer than three days, but you should think about the weekends.
A late Friday night withdrawal may have you wait until Monday for the payout.
Casino Withdrawal Time Using Bank Transfers
Bank transfer is a traditional method of transferring money to and from online casinos. It is considered one of the oldest and slowest methods; sometimes, withdrawals may take longer than a single working week.
At times, players will wait up to 5 working days before the money appears in their bank account.
Casino Withdrawal Time Using Cheques
Cheques are an old-fashioned way of payment that is no longer accepted in most fast payout casinos. However, even if a casino of your choice still accepts cheques, the withdrawal time is exceptionally long.
What Is Casino Pending Time?
Casino pending time is the pending time in which your money sits in the account before it gets processed and approved by the casino accounts department. Once the pending time is over, your winnings get sent to your designated withdrawal method.
How Does the Trustly (Pay 'n' Play) Payment Method Influence Withdrawal Time?
Developed by the Swedish payment processor, Trustly, Pay n Play is a gaming-focused product with instant deposit time and withdrawal time completed within minutes. At the moment, Pay n Play is only available in Sweden, Netherlands, Germany, Estonia, and Finland.
Pay n Play works relatively easy; all players need to do is provide the casino with their BankID, register, and deposit instantly. Players don't need to verify their identity with this method.
Withdrawals are straightforward with Pay' n' Play as they don't require any details except the amount players wish to withdraw. Also, there is no worry about verification or transfer times.
Check Out These Instant Withdrawal Casinos
Instant withdrawal casinos haven’t yet become the norm of online gambling the general feeling is that things are slowly moving in that direction.
Before you decide on a casino you’ll be spending time at, check their withdrawal terms and conditions to be sure you don’t waste time and money at a place that doesn’t agree with your expectations.