To many players, the ability to withdraw winnings instantly from a casino is the difference between opening an account at one operator or moving onto the next website. In the past several years, the online casino industry and its most trusted brands have focused on providing players with quick and reliable banking options.
Therefore, as the new decade begins, it’s unthinkable for a player to have to sit through painstaking withdrawal processes. Instead, the emphasis is on quick, or even instant casino withdrawals with the help of a number of trusted payment solutions.
Instant Payment Options for Casino Players
Depending on your jurisdiction, you may have access to various payment options. This is especially true in the United States where players from different states most commonly have access to different payment options. Thankfully, many of those methods actually offer quick withdrawals.
The payment options you can use today include bank cards, electronic wallets and even cryptocurrencies, which provide you with a smooth overall experience and the ability to transfer your funds from real money casinos into your bank account and vice versa.
Speed is of the essence and currently, an acceptable time frame for completing a transaction is often up to 24 hours, or 48 hours at the most. Many players, however, are looking forward to shorter time windows, including up to 60 minutes, and especially - instant payouts.
If the casino has no trouble accepting your money, players’ wisdom goes, then an iGaming operator should have no problems releasing your funds just as quickly. Of course, there are some technical issues with that, as when a payment is being sent, it usually travels a little longer to reach your bank account.
Which Payment Options Pay the Quickest?
By far, the fastest paying options remain e-wallets and Bitcoin. The reason for that is that these two methods offer a de-centralized and more flexible payment model you can benefit from in full.
While banks are usually subject to somewhat more demanding checks, e-wallets allow you to transfer smaller amounts – until reaching a specific limit – without much trouble. Bitcoin, on the other hand, proves to be one of the handiest ways of transacting your casino funds.
In fact, some operators now call themselves Bitcoin casinos, as they want to appeal to a player base that is interested in quick and reliable payouts. But what is it that makes Bitcoin appeal to regular casino participants?
This decentralized blockchain-powered cryptocurrency offers improved levels of security, meaning your personal information is always safe. Furthermore, you can withdrawal instantly – without having to wait up on transaction times. Not least of all, Bitcoin has 0% fees, or in other words, you receive the amount you have requested from the casino.
Players – and casinos – are increasingly aware of the immense potential of Bitcoin. Besides, it’s not too difficult to register yourself and buy your own BTC. However, keep in mind that e-wallets are good as alternatives
What Are the Slowest Payment Methods?
Conversely, the slowest payment options remain checks and Bank Wires. Whether you deposit or withdraw, the wait time begins at 48 hours and can stretch up to 10 business days. Understandably, a very small percentage of players consider these banking options as viable ways to deposit or withdraw.
How Do Wagering Requirements Affect My Payouts?
Fast casino withdrawals are evidently an important part of the experience. Therefore, the question remains – is there anything you should know to avoid running into an issue? The simple answer is: wagering requirements. Put another way, the only occasion when your money may be temporarily “locked,” is when you have activated a bonus.
Even then, all that is actually “locked” are your bonus funds. If you insist on withdrawing your bonus funds as well, you will need to meet the wagering requirements. The higher these wagering requirements are, the longer you will have to play before you can successfully cash out your funds.
So how to avoid delays? Simply focus on casinos that provide you with flexible bonus T&C’s, usually no more than 35x playthrough. With some shopping around, you can guarantee yourself access to some outstanding bonuses as well as the handy cashing out options accompanying the casinos you have chosen.
Are There Any Fees Associated with My Withdrawals?
Some casinos today focus on swift withdrawals but they may still charge some fees. This should be no reason for concern, as transferring money at quick and reliable speeds is often costly. In other words, a trustworthy casino may still charge a nominal fee on your transfer in order to help your money get to you sooner.
As a player though, you are in your right to look for the lowest fees out there and casinos realize that. That is why casinos are trying to completely eliminate these fees while also boosting the overall casino banking experience by eliminating waiting time.
Instant Withdrawals Are the Future of the Casino Industry
Without any doubt, instant withdrawals are the future of the casino industry. As players become more demanding, iGaming operators will need to oblige and meet higher expectations to stay competitive. Over 50% of players decide whether to play at a casino based on the available payment methods.
Certain alternative solutions have emerged to allow you to even start playing without registering, which in turn leads to higher engagement levels among players. Instant withdrawal casinos were always considered an idea for the future, but, there is good news!
