Multiple different factors determine the quality of online casinos. And for all of the great promotions and gaming software, any casino can lose marks for not offering quick withdrawal times to players. For comparison, here are the withdrawal setups for three of the UK’s leading mobile casinos:
– Players who use credit cards, debit cards, or bank transfers will have a waiting time of three-to-four days. Meanwhile, players who use Neteller, EUteller, or Trustly will only have a 24-hour processing period.
– There is a more limited setup in place at mFortune, where players can choose a bank transfer for £10 and above or a cheque for £20 or above. Players can claim their winnings via their account, but no precise withdrawal times are quoted.
– VISA players can withdraw in two-to-three days, which is the same for PayPal. At present, cheques are the only other accepted withdrawal method, with a waiting period of three-to-five days.
Most Common Withdrawal Conditions
For online casino instant withdrawal, there are often conditions that need to be met before the operator will process a payment request. The first is that players actually meet the minimum value for a withdrawal. For example, a player could try to withdraw £8 cash when the lowest accepted withdrawal has to be £10 or higher.
Players should also bear in mind that their casino might set differing minimum values to each of the withdrawal methods. For instance, mFortune will allow £10 withdrawals to bank accounts, whereas that value will double to £20 when players want to get a cheque sent out instead.
The next factor that could get in the way of an online casino fast withdrawal would be wagering requirements. New players at casino sites are almost always rewarded with bonus funds that come with wagering requirements. Basically, this is a form of money laundering protection and players have to play through their bonus funds a set number of times before they can make a withdrawal.
Wagering requirements will always slow down a withdrawal, so it is always important to take a note of them to avoid disappointment. Players who remain aware of the requirements and check the status of their account will be able to confirm whether or not they are in a position to make a withdrawal request.
How to Complete Quick Withdrawals
Players will often find that their casino will process their withdrawals using their default deposit method. For players who deposit by credit/debit card, bank transfer, or e-wallet, this is unlikely to be an issue. Just make sure to start with the right payment method and there should be no issues. However, players who deposit using paysafecard will find that they are sent a cheque or asked to provide details for a wire transfer.
All is not equal for online casino easy withdrawal options. Some payment methods are much quicker than others. For instance, MasterCard or VISA might carry processing times that run anywhere from four days up to a week. And the same will often be the case for any players who want to receive winnings directly to their bank account. This can be frustrating when considering that casinos have the capacity to process instant deposits.
E-wallets feature much lower processing times when compared to traditional banking methods. Above, Kaboo Casino can process e-wallet payments inside 24 hours, which is much quicker than using a credit card. Players can attach their preferred credit card to an e-wallet like Skrill or Neteller to get additional benefits that they would not have otherwise.
Attaching credit card will give players a familiar payment method that will be used to deposit and withdraw their funds. However, the use of an e-wallet will give them access to shorter waiting times that would not be otherwise available. Meanwhile, players will also benefit from the security and simplicity of using an e-wallet.
Online casinos have shown no move towards processing quick payouts to credit cards, so it makes sense to switch over to an e-wallet that completes withdrawals in 24 hours. E-wallets are extremely quick at withdrawing to credit cards or bank accounts, so it makes sense to use this facility if players are not happy with waiting a few days.