In the midst of online casino expansion in the recent years, potential users have singled out the two criteria as the most important evidence of a casino’s reputability – payment methods and withdrawal time. Sooner or later, all casino players and operators understood the importance of smooth casino withdrawals: no delays nor low limits.
With the tight competition on the market, only the fittest survive. In order to grow, casinos are now competing not only on the field of benefits they offer to their return visitors, but also in providing as many payment methods as possible together with making the withdrawal process quick and painless for both parties.
What many players fail to recognize that that most of the factors that determine the withdrawal speed are under their control. We will list the main ones and explain how you can speed up your casino withdrawals.
Before we start we must say the obvious; unless you choose a casino that offers instant / same day withdrawals, none of the tips below would help. Choosing the right casino is the first and most significant step.
Choosing the Banking Method
Electronic wallets are by far the best casino payment method. Unlike with credit cards or bank wires, e-wallet withdrawals take literally seconds.
On top of that, with eWallets, your banking details are stored in one place in a safe environment that acts as a mediator between you and the receiver (instead of filling your credit card details at every online casino you play at). The amount is kept on the account connected to your payment card and all the transactions are handled from that same account.
Setting up an account takes a few minutes, but it will cut your withdrwal times from few days to few hours (and less). Some of the most popular and widely used eWallet services are PayPal, Skrill and Neteller.
Here you can find an article that explains all the benefits of ewallet casino deposits and withdrawals.
Another way to be time efficient is PAD system. This refers to pre-authorizing the other party to charge your card and is carried out by filling the form which will allow instant money transfers to the relevant recipient.
The payment source can also come from eWallets. The best known service providing this solution are Instadebit, UseMyFunds and POLi . The added value of these methods is that they can also be used to withdraw funds, although this option depends on the country of your residence.
All of the transactions will be processed in real time, minimising the usual time length necessary to finalize the payment and allowing your casino withdrawals to arrive faster.
In most cases, all the documents included in the process are reduced to a single form, which should be kept for future reference.
(Pre)Authorize Your Casino Account
As you know, before you make a withdrawal, you need to go through a certain authorization process. You will be requested to send scans of your ID, utility bill and your credit card (in case you used it to deposit funds). In good casinos it takes somewhere between 24 to 48 hours.
90% of the players request the withdrawal and then start looking for papers, but there is no reason for that.
- scan the necessary docs and keep them in one folder on your PC or tablet.
- When you start playing in a new casino, just send them to the casino support. Obviously you don’t have to do it the second you sign up, but whenever you feel like it.
That way, when you decide to cashout, your account is already authorized – that will save you time and also the temptation to play your winnings back to the casino.
Fast withdrawals: Conclussion
Last but not least, fast casino withdrawal time is a true indicator of a casinos’s professionalism and reputation.
Immediate and smooth casino transactions are equally important to both the player and the operators, and ensuring fast payments is a sure way to gain trust and loyalty.
Most of the casinos nowadays have reduced the withdrawal time from 24 hours to instant cashouts, catering to their users’ demands and keeping up with the technology fast pace trends.
As nobody wants to be kept waiting, valuable time will be saved by navigating to a casino’s banking section where all the details regarding deposit submission and withdrawal are laid out.
Next to every displayed method a separate section is provided showing the time amount a player is expected to wait. With the exception of wire transfers that can take several days, anything except for “instant” is simply not rising up to the challenge.
Special Notice to our USA Visitors
Unfortunately, most ewallets are not accepted in US casinos. But, you do have some options to choose from that will allow you to withdraw your winnings in a smooth and fast fashion.
The online option besides Bitcoin (which we’ll review below) that allows instant casino withdrawals in US. There are not many casinos accepting UPayCard at the moment (Casino Extreme is the best option), but we expect their number to grow rapidly.
One of the options that can significantly cut the withdrawal time is using digital currency, such as bitcoins. This particular method is quickly growing in popularity, especially with online casinos which embraced bitcoin concept as an excellent solution for resolving regulative and withdrawal time issues.
Opting for bitcoin as your tool for both submitting and withdrawing payments will resolve quite a few problems that can emerge when registering with an online casino.
We don’t recommend this option to everyone, but it’s definitely not that complicated as it seems. The downside here is that unlike other methods, Bitcoin is a currency by itself, which means that it’s price can fluctuate.