The internet is awash with thousands upon thousands of online casinos, which makes it difficult to decide where to go to enjoy your gaming. When you win, it’s nice to know you can access your money quickly. But are fast withdrawals always best? In this article, we’ll review the pros and cons of casinos offering fast withdrawals.
What are fast withdrawal casinos?
Essentially, fast withdrawal casinos are casinos where you can get access to your funds quickly. Whether this is by e-wallet, card payment or cryptocurrency, there are obvious benefits to getting access to your winnings quickly.
How quick is a fast withdrawal casino?
Usually, people consider a fast withdrawal to be one that gives you access to your money in a matter of hours rather than days. The fastest casinos will process your withdrawal requests around the clock instead of just during business hours. Bigger brands and large casinos are usually much better at this than smaller casinos. Players look for fast withdrawal casinos but there are no sites that advertise this as their unique selling point — they simply like to offer fast withdrawals alongside an excellent casino experience.
Withdrawals in less than one hour
There are some casinos that are better than others. Some sites, such as Luckster, Griffon Casino and Mr Q, can often get your money to you within an hour! This is because they’ve developed systems to ensure your request is processed quickly.
The pros of fast withdrawal casinos
There are obvious advantages to having withdrawals completed quickly. This means that players can maximise their winnings and access them as soon as possible. Fast withdrawal casinos process and release your funds quickly with no unnecessary delays.
Another advantage of fast withdrawal casinos is that there is a higher level of player satisfaction. Players appreciate the efficiency of a casino that prioritises fast payouts, which improves their gaming experience.
Online casinos often have the ability to pay out quicker due to the range of payment methods they use. Some banking methods naturally lend themselves to faster and sometimes instant payments. These include e-wallets like Neteller, Skrill and PayPal, cryptocurrency and bank cards.
When players know they can access their funds quickly, they’re also more likely to engage in responsible gambling, which creates a healthier gaming environment. It’s also beneficial for marketing reasons as satisfied players will likely spread word of their positive experience, which attracts new players on board.
Finally, fast withdrawals lead to less frustration and higher player retention rates. Customers are more likely to keep spending if they know they can access their winnings quickly afterwards.
The cons of fast withdrawal casinos
Though fast withdrawal casinos offer numerous advantages, there are also some disadvantages too. Many fast withdrawal casinos have strict verification processes. Lots of them even make you verify your ID when you sign up. This can be off-putting and will take longer before you can make your first deposit and start enjoying gambling games. They might also request additional documentation compared to other online casinos.
Being able to withdraw quickly also increases the risk of fraudulent activities taking place, including unauthorised withdrawals. Casinos need to ensure they have robust security measures to mitigate the risks.
Withdrawing quickly might also cause players to behave impulsively and develop irresponsible gambling habits. There might also be higher fees involved too.
In the rush to provide quick withdrawals, some online casinos might overlook security, which can result in a less-secure site overall. In addition, some of the quickest methods of payment, including Neteller and Skrill, are often excluded from use for welcome bonuses, so you could be worse off just because you want to use a payment method with a faster withdrawal.
Finally, even if a site claims to provide a fast withdrawal service, all they can really control is the speed at which the funds leave their bank account. They can’t influence how quickly your provider adds the money to your account.
The quickest withdrawal methods
Withdrawal speed is influence by the payment method chosen and the casino. Here are some of the quickest banking methods to ensure you get the best experience:
- E-wallets: These include PayPal, Neteller and Skrill. These are by far the fastest payment methods. They’re often processed as soon as the casino has processed the payment.
- Cryptocurrencies: Coins like Ethereum and Bitcoin are fast and secure. They’re usually processed quickly and are soon available to the player.
- Instant bank transfers: Some online casinos offer instant bank transfers. One example is banking via Trustly.
Top tips to get a fast withdrawal
There are a number of considerations you can make to ensure you’re getting the fastest withdrawal possible. Firstly, remember that most online casinos require you to deposit via the same method of payment as you’d like to withdraw. If, for example, you decide to make your deposit with a bank transfer, you might then be obliged to withdraw with that method too. This will automatically result in a slower withdrawal time as bank transfers are the slowest type of withdrawal.
Another way of ensuring you get a quick withdrawal is by carrying out the account verification process quickly. Online casinos are bound by the know your customer (KYC) regulations. This means that they need to be sure who they’re sending money to. This is in order to prevent fraud and money laundering. Doing this well in advance of when you wish to make a withdrawal will make things quicker when it comes to accessing your winnings.
Get your winnings quickly with a fast withdrawal casino
Overall, the positives of a fast withdrawal casino generally outweigh the negatives. Players obviously seek out places that give them quick access to winnings. However, they need to be prepared to verify their ID and use a quicker payment method such as an e-wallet.
Before choosing a fast withdrawal casino, players should consider what their priorities are. Do they want the best security, a great variety of games, free transactions or positive reviews? If these things are important, they must be prepared to look beyond the speed of payouts at a casino and consider the entire package.
