Fast paying online casinos
Won some cash at an online casino? You probably want to get your hands on it quickly, right? Well, this means hunting down the best fast paying online casinos. Here is a guide!
What are the best withdrawal methods for fast paying online casinos?
If you want to get your hands on your money quickly, then PayPal is always going to be the best route. Many of the best online casinos have an agreement with PayPal. If you withdraw to PayPal, you could literally have your money sitting in your digital wallet within a couple of minutes (although, do bear in mind that some sites will have a holding period). If you have a bank account linked to PayPal by way of direct debit agreement, then that money can be withdrawn within seconds. You could win cash, and be spending that cash on the same day!
Slower payment methods (but only ever so slightly slower) include Neteller, Skrill, and Bitcoin. The first two are digital wallets just like PayPal, although their process isn’t as sophisticated as PayPal withdrawals. This means that it may take an extra day to get the money into your account. It can then take 2-3 days to withdraw to your bank account, which is still pretty fast. Bitcoin is, of course, a cryptocurrency. How fast this is will be dependent on the online casino, so make sure you read through their FAQ to find out more.
What are the worst methods if you want to receive your money quickly?
If you want to withdraw your money quickly, then avoid the following:
- Debit cards
- Bank transfer
On average, these withdrawal methods can take up to a week for you to receive your cash. In our opinion, there isn’t really any reason as to why you would be withdrawing directly to your bank account anyway. It is often going to be a lot better for you to withdraw to your PayPal account (which will take a day or two at the most). You will then be able to withdraw from your PayPal account to your linked bank account in no more than a few seconds.
Be Aware of Minimum and Maximum Withdrawal Amounts
Before you withdraw your cash, do bear in mind that certain payment methods will have minimum and maximum amounts you can withdraw. Certain online casinos will allow you to withdraw a certain amount each week only. You may need to mix and match your withdrawal methods if you have been lucky enough to win a considerable sum of cash. Although, to be honest with you, when it comes to the best fast paying online casinos, these limits are often going to be difficult to hit them!
Be Aware of Holding Times on Withdrawals
When you are looking at a list of payment methods at your selected online casino, you do need to be aware that some online casinos will not tell you about a ‘holding period’ before they release your cash. This means that you need to request a withdrawal from the online casino. You will then need to wait one or two days for the casino to manually process it. That is when you will receive your cash. Obviously, the more players a site has, the slower the withdrawal process may be.
Sometimes, even the best online casinos will have holding requirements so that they can carry out all necessary checks. Even if a site is traditionally one of the fast-paying online casinos, they will be required to check a decent proportion of the transactions to ensure that everything is above board. You can’t avoid this.
When you are looking at an online casino, you may want to read the terms and conditions for their withdrawals. This way you know what you are getting yourself in for if you choose to withdraw your cash from there.
As a final point to note, at some point, an online casino will eventually ask you to verify for your identification. This may come when you have withdrawn or deposited a certain amount, or it may come at the start of your online gambling adventure. However, it will come, even with the fast-paying online casinos.
This is because the UK Gambling Commission requires it. Not only are they there to stop online casinos stiffing you out of your money (I.e. ensuring all casinos in their remit stay above board), but they are also there to prevent money laundering, and to ensure that people who have requested that they are prevented from gambling online are kept out of it. For this, ID is required.
This will slow down your money withdrawal at some point, but it shouldn’t be too long. Most online casinos, even the smaller ones, will have processes in place which ensure they can verify your identity in under 24-hours.
Looking for the best fast paying online casinos?
You will be pleased to know that the team here at Casino Fox have built up a good selection of reviews for some of the best fast paying online casinos. However, we know that many of you are going to be eager to jump into gambling sooner as opposed to later. So, why not check out the list below? These are our favourite fast paying online casinos right now. We will make sure we keep this list ‘up to date’ with any new and amazing sites we discover.
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