Fast payout casinos are greatly appreciated among players because, obviously, it allows them to have their winnings quicker. For this reason, it is important that you have an informative guide on fast cash out casinos to turn to when you need assistance.
Casinos with the Fastest Payouts
To start the guide, you can check out these excellent casinos for payout times before discovering the many other tips:
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Why Payments Take Time to Process
The cynics will answer this topic by saying that the casino does not want to release the funds, but that is not legally possible with a site that operates with a legitimate and trusted remote gaming licence.
Time comes into play with payment processing because there are different parameters associated with the possible methods. For instance, the act of owning and submitting credit card details can allow for some players to pass identity checks without having to submit their own ID.
Another possible factor is that some payment providers have superior online infrastructure that makes them much more efficient at moving money around. For example, you could receive your funds quicker by moving them to PayPal and then your bank account in two days, whereas your credit card might take five.
The Positive Aspect of Processing
Criminals frequently use online gambling sites for money laundering their ill-gotten gains and then using the proceeds in further illegitimate gains. The fact that casinos take time to process and approve withdrawals helps to catch some of the criminals, which certainly adds to the respectability of casino brands.
The Steps of Payment Processing
Payment processing is not some mystical dark art. So long as your preferred casinos have respectable licences, they are bound to the payment processing policies within those licences. If you wanted, you could even visit the remote licensing body to find more in-depth information. Fortunately, we have simplified the most common factors to negotiate:
- Payment method: Specialist online methods offer quicker withdrawals because they are designed to excel in this area. This is why some e-wallets can take mere hours to process, while credit cards are much longer.
- Country of residence: Your country of residence might be better for identity checks or be subject to more stringent licensing laws. This could either lengthen or shorten your waiting time depending on the requirements expected of the casino.
- Withdrawal amount: The unfortunate aspect of payouts is that a higher withdrawal can take longer because it flags up a money laundering check.
How to Speed Up Payments
You might not have realised it, but there are things you can do to help speed up the withdrawal process. Start by pursuing the basic factors below:
- Activate your e-wallet: An active e-wallet will be equipped to send and receive payments. Don’t leave your e-wallet inactive in case a casino realises this and chooses to hold back or pause your withdrawal payment.
- View the withdraw times: There are different withdrawal times from payment to payment, so make sure to consult the banking area of your casino to understand these. While a credit card might take three days, you could have one day with an e-wallet.
- Ask for smaller withdrawals: For players who break the £1,000 mark, they could instead choose to remove the funds in multiple portions in case more stringent identity checks are triggered.
- Make earlier withdrawals: You will find that withdrawals are processed quicker when you ask for them earlier in the day. At night, there will be no customer service staff around to complete any of the manual checks that have to be made.
Final Considerations Before Withdrawing Funds
Before this guide comes to an end, there are two final considerations to bear in mind with your withdrawals.
Minimum Withdrawal Limits
The first would be the minimum withdrawal limits you will encounter. These vary from site to site and also from payment to payment. While PayPal might let you withdraw £10, cheques might be limited to £30 or more.
And the second consideration would have to be the withdrawal fees that could come into play. A casino might have an agreement for zero fees on Neteller or Skrill, whereas something like Trustly might cost a few pounds. Always read the payment terms to avoid disappointment.
Payment withdrawals can be one of the more frustrating aspects of casino gaming, but this guide has shown that you can eliminate some of those simply through your own decision-making.