Even a small win in an online casino is made all the more satisfying when you can cash out your winnings immediately and hassle-free. To do this, you should pick a well-established casino brand that supports banking options like e-wallets and crypto. But that is just a start, there are several things you can do to expedite payment processing, and several factors that affect processing speed. Let’s see, expand on this throughout the article.
What Makes a Withdrawal “Easy”?
There are a few factors that impact payout speed. For starters, it would be better if you played at a casino that is optimized for your geography. For Canadians, that would be a site that supports Interac, and it would be even better if there is an Interac casino bonus that you could grab. This would indicate that the casino has an account within the Canadian banking system and really cares about the user base that plays from Canada. There are other important factors as well:
- Payments team efficiency – A casino with proactive staff will be able to review your withdrawal request and approve it faster
- Simplicity – Many brands set up your withdrawal channel whenever you make a deposit with a card or another method that is eligible for cashout. So you can complete the request within seconds
- Fees and withdrawal limit – Pick a brand that has no or low processing fees and that has a low withdrawal limit. This way, you get to keep more of your money, and you can issue a cashout request even when you don’t have hundreds of dollars on your balance
- The payment method itself – Certain clearing channels, like wire transfer, can have a processing time that takes a few business days. Use e-wallets, digital payment systems, or crypto wallets instead
Top Withdrawal Methods That Are Simple and Fast
Here’s a brief snapshot of commonly used payment processors for casino payouts and what makes them a solid choice.
E-Wallets (Skrill, Neteller, PayPal)
For a long time, e-wallets were the most preferred payment method for online gambling. In fact, brands like Skrill were specifically made to target this user base. So, you cannot go wrong with this option.
Pros:
- You don’t have to use a personal banking account
- Deposits and withdrawals are completed within minutes or within 24 hours
- Easy to use and typically come with a mobile app
Cons:
- Lower payment limits
- Typically, have additional processing fees
Bank Transfers
This is the cash-out option that will be available on the majority of sites. It’s not the most time-efficient way to withdraw your cash, but it is undoubtedly reliable.
Pros:
- One of the safest and most reliable banking options out there
- Almost always available as a cash-out method
- Thanks to apps like Interac, bank transfers can be instant
Cons:
- Payouts can take a few days to process
- Leaving bank account information on any website isn’t safe
Revolut and Mobile Banks
With the expansion of mobile casinos, mobile banking apps have seen a steady increase in use. The whole payment process is almost fully automated, so it’s one of the most convenient ways to send and receive money on mobile.
Pros:
- Fast payment processing (up to 24 hours)
- Automated and easy to use
- Acts as a middleman and uses your stored bank info to send or receive money
- Available in AU, EU, UK, Brazil, and New Zealand
Cons:
- Charges extra fees
BLIK
A payment method built on top of the banking network in Poland. It’s a safe and fast way to withdraw your casino winnings, but it’s limited to a single country.
Pros:
- Automated and integrated with mobile banking
- The number of casinos that support this banking option is increasing
- You can send and receive money without using your bank account number
Cons:
- Only available for Polish players
Cryptocurrencies
The newest payment technology available solves the issue of slow cross-border transfers. Many brands have even created their own coin for gambling and offer unique perks to those players who opt to purchase and gamble with their unique currency.
Pros:
- Swift cross-border payment processing
- Increased safety and anonymity
- Cheaper processing fees
- More and more casinos are accepting crypto
Cons:
- Only more tech-savvy gamblers use this option
Tips to Make Withdrawals Even Easier
To be as efficient as possible, check the casino withdrawal policy and limits before you make an account. If you make an account, then make sure to use the banking option that’s available for both deposits and withdrawals. This way, you’ll have a payout option at the ready when you decide to cash out.
If the casino’s terms of use require you to wager your deposit a few times, or if you have claimed a bonus with wagering requirements, your payout might be delayed. In fact, if you haven’t cleared these terms, your whole request can be rejected. If you look at Yukon Gold casino welcome bonus, you’ll get tons of free spins and a deposit match, but its 200x rollover terms make it difficult to withdraw any potential winnings. In other words, always be aware of these terms and track the progress.
Furthermore, your payouts will be processed faster if you have completed account verification. It takes a few minutes to send over the required documents, but it can take a few days for the operator to verify that information. So if you finish this immediately after signing up, things will go a lot smoother.
How to Choose the Best Withdrawal Method for You
In short, the best withdrawal method for you is the one you prefer using the most. That said if you want to stay anonymous and avoid KYC verification, you should look into crypto casinos. These often allow you to play without a verified account, but reserve the right to ask you to verify it if they notice something suspicious. Alternatively, opening up a digital wallet would be a good idea if you want to avoid using your bank account information online.