Well, there are, in fact, online casinos which take their time before they actually send the money you’ve won to your banking method. Plus, the payment method you choose also has its own processing times.
It is probably way clearer to you now that withdrawal processing time is something you must check before you join a casino. No one wants to wait for weeks to grab their winnings, so you better be careful and not kid around with your choices.
What Withdrawal Processing Times Do Online Casinos Use?
The industry’s standard withdrawal processing time goes from 48 to 24 hours, top. If you consider that an average online casino has thousands of registered players, who have most likely won something at the same time as you did, you could give the casino a break and admit that 48 hours is a decent amount of time to wait for your withdrawals.
You could also accept withdrawals which go a little beyond those 48 hours. Waiting up to 5 days is considered okay.
Now, what you absolutely cannot accept is withdrawals that take a week or longer. When you see that the casino promises to prepare your withdrawals in a week or so, you should not go with that casino. Trust us, there are so many casinos that offer faster withdrawals that you would be astonished by.
Which are the Withdrawal Processing Times imposed by Payment Methods?
As mentioned, different payment methods have different withdrawal times. The process goes like this: you request a withdrawal at the casino, and the casino issues it to the banking method in 48 hours, let’s say. Then, you need to check with your banking method and see what their policy regarding the processing time is. Usually, credit cards process the withdrawal within 24 hours, but there are other options like bank transfers that process them in a week or so.
Thus, it is very important to check both with the casino and the payment method to see which offer the fastest payouts, and then go with the ones that really suit your needs.
Which are the Casinos that Offer the Fastest Payouts?
We mentioned that the average fast casino will offer a 24 hours withdrawal time. But did you know that there are casinos that offer faster payouts than that? Way, way faster?
Well, casinos like Betsafe and Bet365 process your winnings every 12 hours, and they do so seven days a week. RedBet, on the other hand, has an 8-hour withdrawal timeframe, while Ladbrokes provides you with your winnings in 6 hours! Can you believe it?! Although highly unbelievable, there are casinos that offer even faster withdrawals. MyBet and BETAT process the withdrawals in 4 hours, but the absolute winner is Guts Casino. Guts Casino, believe it or not, will process your winnings in 2 hours after you make the request. In 120 minutes, your withdrawals will be ready to be processed by your payment method.
Which are the Fastest Payment Methods?
Although not available in all online casinos, PayPal is the payment method that will provide you with the fastest payout timeframe. The money, after issued by the casino, will be on your PayPal account in mere seconds. The only issue with PayPal is that it is not accepted in many countries, so may not have access to it.
Paysafecard is another payment option for online gambling that will provide you with the fastest deposits and withdrawals. You can cash out your money the minute you enter your 16-digit PIN number. In addition, you can link your Paysafecard to your bank account if you want to keep your money there, but then, of course, your bank will hold the money for a few days before you could withdraw them.
Skrill functions similarly to PayPal and provides you with really fast payouts. In fact, your money will be on your account instantly after the casino issues them.
eWallets, like Neteller, are another good option for you. Neteller is actually the most favourable payment option for many online casino players since it is very convenient to use. In addition to being super-fast, Neteller also offers some of the lowest fees.
Pay N Play is the Solution
Finally there is an answer to all the prayers from the players. Trustly, a Swedish Payment provider invented Pay N Play. This allows payers to instant pay and withdraw. It also registers a player with the deposit. There is no more need to fill out forms and register at an online casino. Read all about this in our article Pay N Play Casinos.
