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
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. 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. 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.
E-wallets give you instant access to your winnings, 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. Skrill withdrawals are usually processed within 1 to 5 working days, while the standard time for Neteller users is 3 to 5 working days.
Watch out – Neteller and Skrill deposits don’t always qualify for bonuses at online casinos.
Bank cards
Deposit time: Instant
Withdrawal time: 3 to 5 working days
Debit cards remain the most popular casino banking options, but they don’t offer instant withdrawals like e-wallets do. While some fast paying casinos might process bank card withdrawals in 1 to 3 days, the standard waiting time is 3 to 5 working days, and this can be even longer at some 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.
Keep in mind that not all fast payout casinos offer Mastercard withdrawals.
Bank Transfer
Deposit time: Instant
Withdrawal time: 3 to 5 working days
Bank transfers are one of the more secure payment options available to online casino players but are not the fastest in terms of withdrawals by a long shot. As the money has to be processed by two organisations – your bank and the casino – processing time usually takes 1 to 5 working days depending on your bank. They can also come with certain transaction fees making this one of the less favourable banking options in terms of convenience.
Do fast payout casinos charge extra fees for this service?
