Fast Casino Payout Methods
Simply choosing a fast payout casino doesn’t guarantee a speedy withdrawal. Of course, opting for a casino that jumps into action as soon as you ask for a withdrawal stands you in good stead, but your choice of payment vendor plays a pivotal role, too.
Let’s take a look at how the most popular withdrawal methods stack up against one another at the fastest payout casinos.
e-Wallets
Availability: Most online casinos
Deposit time: Instant
Withdrawal time: Instant
If you’re looking for the fastest payout times on the market, e-wallets are your best bet. Withdrawal methods like PayPal, Neteller and Skrill offer instant payouts at plenty of top online casinos, meaning you can access your funds without a second’s delay.
This is, of course, dependent on the speed at which your online casino processes the payment. Minimum withdrawal limits for e-wallets start at £10 at most instant payout casinos, while the maximum withdrawal limits usually reach well into the thousands, meaning these banking options are well suited to casual players and high rollers.
- First and foremost, e-wallets are often the best option for fast withdrawals. You can generally expect PayPal and Skrill withdrawals to be completed inside 24 hours at casinos offering fast withdrawals, and on occasion you may receive your payout within an hour;
- e-Wallets are also one of the most secure withdrawal methods on the market, thanks to the use of industry-standard data encryption and the fact that you don’t need to enter your bank details at online casinos;
- These payment solutions can give you instant access to your withdrawals, but keep in mind that you’ll have to wait a while if you withdraw your funds from your e-wallet to your bank account. This usually only takes a couple of hours if you’re withdrawing from a PayPal account, but it can take longer depending on your bank.
- Some online casinos block e-wallets from claiming welcome bonuses, so be sure to check the terms and conditions before depositing to make sure you aren’t caught out;
- You may incur fees from using services such as Neteller, such as a percentage charge on transactions or fees levied at inactive accounts.
Bank Cards
Availability: Most online casinos
Deposit time: Instant
Withdrawal time: Instant to 5 working days
Debit cards remain the most popular casino banking option, but they don’t tend to offer instant withdrawals like e-wallets do. While some fast paying casinos might process Visa and Mastercard withdrawals in 1 to 3 days, the standard waiting time is 3 to 5 working days, and this can be even longer at some gambling sites.
- Minimum withdrawal limits are usually the same as e-wallets, while maximum limits are even higher when you cash in with a bank card;
- Visa users can access Visa Fast Funds, enabling fast payouts with debit cards.
- Generally speaking, debit cards aren’t capable of fast payouts unless you have access to Visa Fast Funds;
- Some online casinos don’t offer Mastercard withdrawals.
Visa Fast Funds
While cashing out through a debit card often means waiting days before you receive the money in your bank account, there is some good news for UK players who favour this banking method. Some fast withdrawal casinos support Visa Fast Funds, which really puts the pedal to the metal when it comes to debit card payouts.
As the name suggests, Visa Fast Funds transactions are processed very rapidly. In some cases within minutes, but often within four hours of you making the request. Whether or not you’re eligible to take advantage of Visa Fast Funds depends on your bank as well as the casino itself.
If you are able to withdraw this way, you simply request the payout exactly as you would with a regular debit card withdrawal. The only difference to the process from your perspective is that the money will be available in your account much sooner.
Trustly
Availability: Many online casinos
Deposit time: Instant
Withdrawal time: Instant
Hailing from Stockholm, Sweden, Trustly is a fintech company which facilitates payments directly to and from your bank account without a need the share your card details with the online casino. The service is built on Open Banking technology, a highly secure platform which eliminates the need for the usual security checks. As a result, Trustly casinos give players access to some of the fastest withdrawal speeds around, and all that’s required is your regular online banking login information.
Part of the company’s offering includes the Pay N Play service, which lets users deposit at an online casino supporting the method without having to input lengthy personal info. Instead, the casino recognises players through the Open Banking integration, allowing for faster KYC checks and instant withdrawals at the end of a session.
- Instant withdrawals facilitated by Open Banking tech – funds reach your account faster as the usual checks and balances aren’t required;
- Sign up and deposit in one step – at Pay N Play casinos, you can easily deposit and jump straight into your favourite games. Once it’s time to cash out, your remaining balance is returned to your bank account instantly;
- Highly secure and no need to share card details with the casino – your banking info is accessed by Trustly through the Open Banking API.
- Not all banks are supported – fortunately, most high street brands are covered;
- Not available at every online casino – Trustly isn’t the most widely available option, with the Pay N Play service even less common.
Cryptocurrencies
Availability: Rare
Deposit time: Instant
Withdrawal time: Instant
While the likes of Bitcoin and Ethereum are more niche payment methods than Visa debit cards and PayPal, a handful of online casinos offer cryptocurrency deposits and withdrawals. Generally speaking, crypto deposits are instant while withdrawal times are subject to the casino’s internal processing speed.
- You can expect lightning-fast deposits and withdrawals with crypto casinos;
- There are a lot of options out there, from Bitcoin to Litecoin.
- It’s worth bearing in mind that cryptocurrencies are generally considered more volatile than fiat currency, meaning their value can fluctuate substantially;
- Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are often ineligible payment methods for claiming welcome bonuses. Be sure to read the terms and conditions before making your first deposit at a real money casino to avoid missing out!