What is a fast payout Casino?
A fast payout casino is an online real money gaming site that either offers a short processing withdrawal period or instant withdrawals. With this type of platform, the player’s waiting period for payment is shortened. These casinos employ the services of trusted payment services to ensure that the money can get to the player’s account in the shortest possible time.
The processing period at these fast paying casinos varies from one platform to the other. Some are instant withdrawal casino sites while some take only a few minutes or seconds. And some may take an hour or two to process. The player ultimately decides which of these platform is more suitable for them.
Why are fast withdrawal casinos so popular in Canada?
The online gaming market in Canada is one of the fastest-growing sectors in the gambling industry. As a result, there are many online gambling operators providing services to players in the country.
These numerous platforms tend to fight for players’ attention and provide every necessary feature to impress players. One of the features the operators pay attention to is the speed of withdrawals. They understand how players prefer to gain access to their money quickly and thus make this possible with fast payment processing.
So, why do players love these fast payout online casino sites? It’s simple. Players may require their funds for different reasons. It could be to solve pressing needs or make other online transactions. Thus, when they have to wait for several hours and even days to get their funds, it becomes frustrating.
Furthermore, fast payouts at casinos enable the land-based real money gaming experience. Land-based gambling centres are actually instant payout casino venues. When you win at these brick-and-mortar venues, the operators do not ask you to go back and wait a few days to get your winnings. Instead, you are paid your winnings right there. Thus, gamers want to enjoy this same feeling when they play online.
Fastest Payout Online Casino Methods
While deposits are instant with almost all payment methods, the withdrawal times vary. Some methods are instant while some take a few hours or even days. We have pointed out some of the fastest methods below
Cryptocurrency
As you may already know, blockchain technology is currently the fastest method of making payments online. Many online casinos are beginning to accept these digital coins and this makes their payment faster. Both withdrawals and deposits are usually instant with cryptocurrencies, except for platforms with additional pending times.
Here are the popular cryptocurrencies you may find at instant withdrawal casino sites:
- Bitcoins
- Litecoin
- Ethereum
- Dogecoin
Ewallet
Electronic wallets have always been accepted payment methods at Canadian online casinos. Some players prefer to use them as they provide a way for them to gamble without connecting their bank account to the gambling platform. There are also many popular e-wallet brands accepted at gambling sites and this means that they are safe and can be trusted.
Just like cryptocurrencies, deposits and withdrawals with e-wallets are instant. As long as there are no pending times by the casino, you’ll get your payment instantly. But unlike cryptocurrencies, e-wallets are widely popular among online gambling sites. There’s almost no Canadian online gaming site where you won’t find an e-wallet among the withdrawal options.
These are the most popular e-wallets used at Canadian online gaming sites:
- Skrill
- Paypal
- Neteller
- Ecopayz
Payment Cards
Debit and credit cards are the most used deposit methods at online casinos. However, when it comes to withdrawals, they are not really the best option. This is because many cards such as prepaid are usually not available for withdrawals. Also, withdrawals with cards are not as fast as e-wallets and cryptocurrencies. It usually takes a couple of business days before the funds can get to you.
These card methods are available for withdrawals
- Visa
- Mastercard
Slow Payout Casino Methods
While it takes a few seconds to days for some methods, others involve longer periods. We have covered these slow payout casino methods below
Bank Transfers
This method is usually available at many Canadian casinos. It involves the transfer of money directly from your bank account to the gambling account. There are no intermediaries or third parties involved.
While bank transfers are quite safe, they are also very slow. This is especially because banks tend to verify the sources of incoming funds and take more time to process payments. Sometimes, it could take more than 5 days to receive money from a platform to your bank account.
Wire Transfers
Over the years, the use of wire transfers at online casinos has declined. However, it is still available at many gambling sites today. Unfortunately, the method is quite slow and even more expensive. If you want to use your cash within a few days, you should avoid choosing Wire Transfer as your withdrawal method.
Check via Mail
This is another traditional casino withdrawal method. It involves requesting a check from the casino. This check is sent to you and you can then manually deposit the funds to your bank account. Since they come in the mail, it could take a long time for you to get the checks and eventually get access to your funds.
Factors to consider when choosing a fast withdrawal Casino
When trying to select a fast payout casino, you don’t just consider the withdrawal method. You also need to consider the casino terms and conditions, especially its withdrawal policy. These policies and factors vary from one platform to the other. Hence, we advise that you check out each platform’s terms and conditions, especially when you claim bonuses and partake in other promo offers
We have explained some of these factors below briefly.
- Daily/Weekly limit: To ensure the smooth running of the gaming platforms and prevent money laundering, gambling operators usually set a maximum and minimum withdrawal limit to their withdrawals. Thus, when you request an amount higher than the maximum daily or weekly limit, your withdrawal may not be processed instantly. For instance, if you assume that the maximum withdrawal amount per week is $40,000 and you win $100,000. You will be paid your winnings for sure. However, you can’t get everything that week. The money will be divided into bits and paid throughout the month.
- Limitations on the number of transactions: Just like the minimum and maximum amount limits, there could also be a maximum number of times you are allowed to ask for a withdrawal. If the maximum number of transactions is four times monthly, then you won’t be able to request more than four times.
- Wagering requirements: For most casinos, once you deposit money, you will have to wager that amount at least once before you can request a withdrawal. However, when you make use of bonuses, it is different. There is an additional wagering requirement you will have to meet before you can withdraw. For example, let’s assume you get a $40 bonus with a wagering requirement of 30x bonus. You must wager $40 x 30 = $1200 before you can withdraw winnings from the bonus.
- Verification of documents: Here is also a very important factor. At most Canadian casinos, you will be asked to submit documents for verification before you can make a withdrawal. These documents are to verify your age and location. The verification process is usually done once but can slow your first withdrawal time.
Can the method of Withdrawal affect the speed of payments?
Yes. As already explained in the previous sections, the processing time for each payment method varies. If you play at an instant payout casino, you may not get your funds immediately if your chosen method is slow.
Nevertheless, withdrawal methods do not affect how much you can win. The payout rate of games is determined by game factors and luck.
Tips to Increase Payout Speed
It’s always beautiful when you’re able to get your winnings quickly. Whether you’re a newbie or not, the following tips can help you get fast payouts when you win.
- Choose the same deposit method for withdrawals: While some platforms compel players to use your deposit method for withdrawals, some allow you to change it. Changing to another method, however, may increase your pending time as the casino will try to verify that the same player owns the withdrawal method.
- Send documents for verification earlier: Many Canadian gambling sites allow you to submit your documents for verification any time you want. Thus, you don’t have to wait for time to withdraw before you do so. Confirm what documents are required by the casino and send them beforehand.
- Use an e-wallet: At many online gambling sites, e-wallets are the fastest payment processors. Thus, it’s better to sign up for an e-wallet and dedicate it to your online gaming activity.
- Get to a high VIP Level: At many Canadian casinos that offer VIP rewards, players at higher levels receive faster payouts. It comes as a benefit of being loyal to the casino.
How to choose a Casino with instant payouts in Canada
When searching for an instant payout casino, you also need to check a few other factors as it will ensure you get an overall pleasant gaming experience. But it still starts with finding a platform that pays out fast.
Before signing up at any casino, check the terms and conditions and review the withdrawal policies. Know the limits and pending times. Then choose the one that processes payments fast. To make your choice easier, you can check out our list of fast payout casinos.
After confirming that the casino pays out instantly, here are other things to check:
- Currency
- Games
- Security
- License
- Bonuses
- Customer Service
Our Opinion about Fast paying Casinos
There’s no doubt that fast payout casinos are the best. They enable players to get their funds easily and go about other activities. This keeps the players coming back for more.
However, fast paying casinos must also excel in other areas. They must have a good variety of games and top-quality software. They must also offer efficient customer support and top-notch security.
Nevertheless, we advise that you always choose instant payout casino sites over slow sites. This is why we have made a list of the best fast payout casinos on this page. Check it out and sign up at your preferred option right away.
