If you are an online casino customer, there are few bigger frustrations than encountering a delay to your withdrawal. In the long term, all casino players lose money due to the house edge, so if you are lucky enough to land a win at an online casino, you don’t want to be kept waiting for your money.
Fortunately, the trend within the online casino sector is towards ever faster withdrawal speeds, and the days of a withdrawal taking several days to process are coming to an end. There are various factors that can determine the length of time a withdrawal takes, and understanding these factors is the key to identifying the best instant withdrawal sites.
What causes withdrawal delays
When it comes to getting your money out of an online casino, there are many possible reasons for a delay, but these are the most common:
Banking method
Perhaps the biggest single factor in determining the speed of your withdrawal is the banking option that you use. These days, there are dozens of payment methods out there and online casinos are increasingly extending their range of providers.
An online casino will have no control over the time that it takes a payment company to process a payment. This time can range from several days in the case of a bank transfer to less than an hour for the faster e-wallet and cryptocurrency options.
Casino processing time
The one factor that an online casino can control is the time that it takes to process withdrawals at its end of the transaction. This depends entirely on the efficiency of the processing systems that they have in place, and the resources that the operator devotes to withdrawals.
Verification delays
Another possible delay to withdrawals occurs when customers overlook the identity verification process that is required at all regulated and licensed online casinos. To keep all customers safe, and to comply with regulations, casinos need to verify that each customer is who they say they are. While this process is usually required only once, it can cause delays.
Disreputable sites
Finally, if you play casino games at unregulated, unlicensed sites, one of the many problems you are likely to encounter is withdrawal delays. These sites are under no obligation to pay out your winnings quickly and in some cases, may not pay at all.
Choosing fast withdrawal banking
One way to improve your chances of getting a fast withdrawal is to opt for a payment method that is speedy, rather than traditional options such as bank transfer. Even the standard Visa or Mastercard payment transaction can take over three days to process.
PayPal
PayPal is perhaps the best known of the e-wallets and a good choice if you are looking for fast withdrawals. An e-wallet essentially operates as a third party between your bank account and the online casino, and digital payments made through e-wallets usually go through within a day.
The advantage of PayPal is that it is a huge global operator, providing security and reassurance to customers. The downside is that it can restrict some gambling transactions.
Skrill
Skrill is another form of e-wallet payment method, widely used in the online casino sector. It is one of the most secure payment options available, both for deposits and withdrawals and fees are kept to a minimum, with most payments being completed within 24 hours.
Neteller
Part of the Paysafe Group, Neteller is globally recognized and widely employed in the online casino world. The Neteller system offers fast sign up and quick transactions, and it has the advantage of being commonly accepted by online casino sites. It is worth noting that using Neteller or Skrill deposits can sometimes mean you are unable to claim a site’s welcome bonus.
Cryptocurrency
Cryptocurrency payment options are theoretically even faster and more secure than the most popular e-wallet banking methods thanks to the blockchain technology that powers them and the lack of a central clearing hub that is common to standard payment methods. Unfortunately, acceptance of cryptocurrency deposits and withdrawals is not standard across the casino sector.
Fast or instant withdrawal?
Strictly speaking, there is no such thing as an instant withdrawal casino. Even the fastest casinos require a little time to process withdrawals and most payment methods are not instantaneous.
However, there can be a vast difference in the speed with which casinos process withdrawals, from slow to very fast. If you choose a fast withdrawal method at a casino that has an efficient payment processing system, you will be able to ensure the fastest possible withdrawal speeds.
The good news is that there are several casinos in the UK online casino sector that are known for their speed and efficiency when it comes to withdrawals, including:
By opting for a fast e-wallet withdrawal method at these casinos you will be able to benefit from some of the fastest withdrawal times in the online casino sector.
Casino quality vs casino speed
By choosing a casino that processes withdrawals quickly, opting for a fast payment system, clearing your identity verification process and avoiding illegal sites, you will be maximising your chances of benefitting from fast withdrawals.
Speed, however, is not everything. You shouldn’t choose an online casino site purely on the basis of the speed of withdrawals that it can offer. There are many other factors to consider when you choose an online casino site, including:
The last of these factors is particularly important. A site that has a detailed responsible gambling section, including a range of tools such self-exclusion, time outs and deposit limits, is more likely to be a responsible and reliable operator. It is worth accepting slightly slower withdrawal speeds as a trade-off for increased support and a safer gaming environment.
