Fastest Paying Online Casinos
With the technology continuously developing, avid casino players are always on the lookout for easy and quick withdrawal and deposit methods. This comes as no surprise because there isn’t a single player that would prefer to wait seven business days to spend their hard-earned winnings. That is the reason why more and more casinos are offering instant payment methods that players can get with just one click.
There are a couple of factors to take into consideration when searching for a fast paying online casino, so let’s see take a closer look at the most important ones.
3 Vital Factors
We will list three factors that we deemed most significant when it comes to quicker deposit and payout methods. These factors are listed here because we think they notably add to fast payment options.
Financially Stable Casinos
Financially stable casinos should be prepared for any possible situation. What we mean is that there are days when players excel, and the casinos will need to deliver up to a dozen payouts. Keep in mind that we’re not talking about C$100 payouts — we’re talking about payouts as high as six or seven digits.
Many casinos offer various banking methods, from credit cards to cryptocurrencies, which means that every option should have a generous amount of money in reserve. It’s the player’s choice which payment option they will use, and the casino needs to feel prepared for every situation.
If a casino is financially secure, that means its payment speed will be prompt.
Many low-level casinos take advantage of the small letters in the terms and conditions section. These casinos will give out conditions such as the number of days you have to withdraw your earnings.
The casinos are doing this in the hope that the players will forget about the terms, or decide to play a game or two more, so their winnings become invalid. Your payments will be stalled and eventually dropped.
Casinos like these usually offer a hefty bonus or additional spins so as to attract new users.
Another sign of a low-level casino would be slow and unresponsive customer service. Casinos that intend to scam you will usually intentionally fail to care for their users. Departments like customer services are in charge of the payments, and if they are non-existent or understaffed, you will likely wait for weeks to get hold of your winnings.
We think there should be a strong connection between good customer support and fast paying casinos because all reputable casinos will have a fully-trained, highly-responsive team of people to take care of your withdrawal requests. These requests will be processed quickly and on time, without any delays.
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How Fast is the Payout?
When you see that a casino is offering an instantaneous payment option, you’re probably wondering how immediate that payout really is.
Canadian players are in luck because the number of banking methods in Canada is high, and they are all exceptionally swift. Players can expect their withdrawal request to be processed and finished anywhere from a couple of minutes to 24 hours.
Don’t forget that some casinos have a maximum limit for daily or weekly withdrawals. For example, if your winnings are C$10,000 and the casino’s weekly withdrawal limit is C$5,000, it will take two weeks for you to request and receive your entire winnings.
Keep in mind that not all casinos offer such quick payouts and withdrawal methods, so always double-check the payout time by reaching out to customer support.
Best Payout Methods
Casinos offer dozens of payment methods to their players and each banking option sets its own terms. That means that you will need to read further to find out which best suits you.
Probably the fastest method with the lowest transaction speed would be e-wallets. Paypal, Neteller, Skrill, and others are established and popular among Canadian citizens, so it’s a safe bet. This method is truly instantaneous — winnings will appear in your account in a matter of hours.
Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and others are among the most popular cryptocurrencies available. Most modern online casinos offer the possibility of using crypto to make a deposit or request a withdrawal.
Crypto transactions are incredibly fast since it only takes a couple of minutes for your request to be processed, and the high-tech firewalls make these transactions very safe. Additionally, the transaction fees are very low or non-existent.
Another reason why more people are selecting cryptocurrencies as a payment option is the withdrawal limits. Crypto limits are much higher — even as high as C$10,000.
This is a relatively new way to request a payout and it’s available to Canadian players. It’s an instant transfer to your desired account with low fees. Interac and Instadebit e-transfers are available for Canadian residents, and we recommend this option for secure and prompt transfers.
Credit cards, such as Visa or Mastercard, are the best choice for making a deposit, but maybe not the quickest one for payouts.
Credit cards usually take one to five business days to accept cash. Also, some casinos request full credit card details, even the CVV number, which reduces safety.
Bank wires are among the safest ways, but definitely not the quickest, to transfer money. However, this is not the casino’s fault since banks usually need a couple of days to process the transfer.
Bank wire transfer is an excellent option for more considerable sums of money because of its security. But, keep in mind that transaction fees are much higher than the previous methods we mentioned.
The slowest way to receive your winnings and probably the least used is by checks. It takes about a week or two for you to receive a check by mail.
As you have probably come to your own conclusion, there are numerous reasons why you should stick to faster paying online casinos. Fast payout methods are a sign of a renowned online casino, and by choosing them, you will avoid any unnecessary dwelling and tension.
Always check the withdrawal speed before accepting the welcome bonus package — do not deny yourself an opportunity to receive your winnings safely and spend them quickly.