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The Complete Guide on Fast Payout Casinos
The appeal of playing online casino games is chasing the win. Therefore, it stands to reason that online gambling enthusiasts prefer fast payout casinos and quick withdrawals. There is nothing more frustrating than securing a huge payout only to wait forever for a slow payout. Unfortunately, there are some real money online casino sites whose payouts are so slow that it hampers the thrill of playing.
At NewCasinosUS.com, we understand how this type of situation can be frustrating. Hence, in this guide, we are talking all about fast payout casinos, how to speed up your payments, preferable banking options to use, and how to find them.
Why choose a Fast Payout Casino
So why do fast payout casinos matter? Is it all about getting your money as fast as possible? Is it about the legitimacy of a site? Is it just the new industry requirement and best practice? Whatever the reason, we bet that almost everyone wants quick withdrawals of their payouts, rather than have to wait for it for days or even weeks. And why should you, when you seriously think about it, wait for your rightfully earned payout for days?
People want to access their money quickly and conveniently. However, quick withdrawals and fast payment processing speeds should not be the only considerations you make when selecting an online casino.
Payments Speeds are an Indicator of the Health of Online Casinos
How slow or fast an online casino makes its payouts can and should tell you a lot about them, specifically their financial health. Here are some assumptions you should make when payments are slow:
- The online casino is low on funds, which means that it does not have a good cash flow or reserves, which is an indicator that it is failing.
- Maybe the operator is stealing from players with the pretense of offering a reliable gaming experience.
- Slow payments could indicate that the online casino does not separate player funds from its business funds, which is poor financial management at best.
- Maybe the slow payments are as a result of an online casino that is struggling to find a reliable payment processor.
- Sometimes when usually fast payments suddenly slow down, it could indicate that the online casino is experiencing technical difficulties. If so, there could be nothing to worry about, and the situation could return to normal soon.
- Payments that are continually slowing down and eventually stop altogether could be a reliable indicator that the online casino is months or even weeks from closing up shop.
What is Slow Payment?
A slow payment refers to a financial transaction that takes much longer to arrive than it should under normal circumstances. For example, if you usually receive bank wire transfers in a few days, but it takes longer than that, then you should consider the payment slow.
Before you label an online casino’s payment as slow, you must first distinguish the difference between its processing times and the time it takes the amount to reach you. For instance, a check might take a while to clear your bank and additional time to reach your mailbox, which has nothing to do with the online casino and everything to do with your payment processing option.
What to Do with This Information
It depends on your specific situation. Say you always received your payments on time, but then they slowed down suddenly. You could consider giving the casino the benefit of the doubt as they sort out whatever issue arose before taking action, such as leaving the platform.
Slowed payments that do not show signs of improvement should put you on your toes, especially if you have a considerable amount of money in your account.
At New CasinosUs.com, we recommend keeping fewer amounts of money with casinos that have slow payments because it mitigates your risk. Nobody wants to wait indefinitely to receive a huge win.
The Best Banking Options for Fast Online Casino Payouts
You may join as many fast payout casinos as you can, but it will do you little good if you do not have a reliable banking method for your quick withdrawals. So which options should you use? With so many out there, it is understandable if you get overwhelmed.
Below are some of the fastest payment methods you can use to receive your winnings and payouts:
E-wallets are a popular choice for fast payments. Some benefits attached include:
- Near-instant deposits
- Relatively low and high limits, from $10-$20 up to five-figure cash transactions
- Many casinos accept at least one e-wallet payment option
- They allow quick withdrawals and deposits
- There are special promotions for those who deposit using an e-wallet
- You can use the e-wallet to shop online
- They are available worldwide
Some of the most popular e-wallets are Skrill, Neteller, and PayPal, although most online casinos typically accept the first two.
Arguably the fastest and best banking method available to you is a cryptocurrency, and there are several available. The benefits include:
- Cryptocurrency enables quick withdrawals of your winnings, sometimes even hours or minutes after putting in the request.
- They enable you to gamble anonymously online.
- You can access provably fair gambling using Bitcoin.
- Most online casinos have a relatively low minimum as well as high deposit and withdrawal limits. It is not uncommon for some casinos to allow five-figure deposits and cashouts.
- Some casinos are exclusive to cryptocurrency use, specifically Bitcoin.
- Americans use cryptocurrency to avoid issues attached to using their debit or credit card to gamble online.
3. Mobile Wallets
Trustly and Zimpler are the two most popular mobile wallets you can find at an online casino. The upsides include:
- They are relatively easy to create.
- You can transact using your phone from anywhere, provided you have an Internet connection.
- They include useful features such as pay bills, view payment history, and budgets.
- They allow anonymous transitions.
- They allow relatively convenient and quick withdrawals and deposits.
4. Credit and debit Cards
Though not as fast as the other three options above, transacting with your debit to credit cards is faster than bank wire, paper or courier check, or money transfers.
How to Speed Up Your Online Cash Outs
Now that you have selected suitable fast banking methods for your quick withdrawals, there are still a few things that you can do to speed up your cashouts. These include:
- Vet the site before creating your account
- Verify your account when you sign up
- Turn in your documents ASAP
- Expedite your payments with a fee
- Use the payment option that the site specializes in
- Fulfill the casino’s playthrough terms
- Do not breach the terms and conditions
- Join VIP programs
- Select platforms with better terms
- Only sign with a well-known casino
How to Find Fast Payout Casinos
When looking for reliable and fast online gaming casinos, you need to consider everything from the regulatory issues like licenses to personal impressions of the sites.
- Regulation: Always look for a licensed online casino to avoid scammers and mitigate your risk. Legit gaming licensing bodies include The UK Gambling Commission, The Malta Gaming Authority, Alderney Gambling Control Commission, Netherlands Gaming Control Board, among others.
- Graphics and Software: Here, you can opt for world-famous developers, notable casinos, easy-to-use websites, and sites with a variety of gaming options.
- A Safe and Inclusive Payment Gateway: Suitable casinos accept a variety of deposit and withdrawal options and have simple to use systems. They should also have a secure gateway.
- Games: Casinos worth signing up for should have a variety of games, both old and new.
The Bottom Line
Due to the competitive nature of the online casino gaming environment, fast payouts are in the best interests of both the casinos and players. Players are seeking out fast payout casinos, but many do not know how to find or evaluate them. While it is essential to select fast payout casinos, it should not be the only evaluation criterion to consider. It is also crucial to check other features like licensing, game selection, customer service, bonus options, and online reviews.
So, be objective in your search and considerations, opt for fast banking methods, scrutinize slow payments, and select the online casino carefully for fast payouts, quick withdrawals, and the best gaming experience.