Which Casinos Pay Your Winnings Fastest?
You’ll find a lot of information online about casino deposit methods. Getting your money onboard is only half of the story. This page covers the important topic of how quickly you can withdraw the money that you win and which casinos have the fastest payouts.
There are more factors involved than you might think. The two biggest factors are whether you chose a trusted / legitimate casino to start with, and which payment method you used. There are also different withdrawal options depending on whether you are located in the USA, Canada, India or elsewhere in the world.
With the right information, you can make sure you choose one of the fastest paying casinos – and use a speedy withdrawal option. Here is how this information is put together below:
- Finding a Trustworthy Casino
- Cashing Out from Legal / Regulated US Casinos: Payment Options Explained
- Cashing Out Worldwide
- How to Speed Up the Cash Out Process
Look for a Trustworthy Online Casino
This section is first since without trust you might never get to the point of needing to cash out at all. There are hundreds of online casinos. These range from brands which have been around for almost 20 years with multiple reputable licenses, to shady brand-new casinos in offshore tax havens.
US casino fans now have regulated options in both New Jersey and Delaware – with other States at different points in the legislative process. In addition, there are Social Casinos. These use sweepstakes-like formats, allowing players across the US to enjoy slots and other games online.
The rest of the world has an even wider choice of casinos. Huge brands like Bet365 and Betway have licenses in Europe and in the UK. These casinos have a long track record of paying out casino players quickly and smoothly.
Here are my personal rules of thumb when checking out whether an online casino is legitimate. Any of these factors can be a ‘red flag’, though more than one issue would mean I’d steer completely clear:
- Operating License: Look for a license from a respected jurisdiction. This can include States (NJ and DE) or well-regarded licensing bodies like Malta, Gibraltar or the Isle of Man.
- Fairness Testing: Any reputable casino should have evidence that their games are fair, from 3rd party auditors. Reputable auditors include Technical Systems Testing and iGaming Labs. eCogra certification is always a positive sign.
- Responsible Gambling Policy: Exclusion options for problem gamblers, links to help organizations and deposit limits are all the sign of a legitimate casino.
- Clear Ownership / Contact Information: If a casino tried to obscure their ownership via a chain of offshore shell companies, alarm bells should be ringing. Look for multiple ways to contact a casino, including a physical address.
- Payment / Withdrawal Options: Trusted casinos have multiple deposit and withdrawal options. If you find a casino only accepting cryptocurrency (for example) this is less likely to be a major trusted brand than one welcoming PayPal and Visa.
Cashing Out from Legal USA Casinos
These are trusted brands, open only within State borders. You will find an impressive range of cash out options, including PayPal, bank transfer and paper check. As a rule, all casinos will try to process a withdrawal using the method you deposited with first. If this is not possible, for example with PayNearMe withdrawals, an alternative will be offered.
With some methods, minimum and maximum withdrawal amounts are stipulated. Estimated times for withdrawals are given, these are ‘after approval’. That approval is quicker once you have submitted Id documents for the ‘Know Your Customer’ checks. This is explained in more detail lower down this page.
PayPal Withdrawals: These can typically be processed within 48 hours, with a low minimum withdrawal limit. You’ll have instant access to your money via your PayPal account as soon as it is sent, though if you wish to cash it out to your own bank then a further transaction is needed.
Bank Transfers: There are two types of bank transfer. Social / Sweepstakes casinos use a local bank transfer system, which is quick (up to 48 hours) and free. Bank wires can be used by State regulated casinos. These are slower, 5-7 business days is typical, and have higher minimums – $500 in some cases.
Neteller Withdrawals: Another electronic wallet, withdrawals to Neteller are fast, with the money in your account within 48 hours. A low minimum for both deposits and withdrawals make this a popular option.
Paper Check: This is a popular option for players that deposited with bank or credit cards (which do not usually support withdrawals). A paper check will be mailed to you. This method is slower, with a minimum of 2 weeks lead time. There are bigger withdrawal limits of $300+.
Casino Cage / VIP Preferred / Play+ / Safekeeping: I am covering these methods together, as they all have similar characteristics. With the regulated State casinos all linked to brick and mortar establishments, you can use the cage in those establishments to deposit and withdraw money. VIP preferred and Play+ are electronic accounts linked to several casinos, where pre-approved players can access funds via ATMs.
Fast Casino Payout Options for Worldwide Players
Outside of the US, there are a number of extra options for both deposits and withdrawals. Many countries have local options on top of those listed below. For example, the POLI system in Australia or Yandex Money for Russia.
Local Bank Transfers: In many countries including the UK, local bank transfers are the go-to method for withdrawing when your deposit method does not accept withdrawals (for example if you used MasterCard). This is fast (within 48 hours of approval) and free.
Skrill: This is an alternative electronic wallet like PayPal and Neteller. Cash outs are instant following approval, and the lower fees make this suitable for smaller sums.
Webmoney: This electronic wallet can be used worldwide (not the US), though is most popular in Russian and Central / Eastern Europe. It combines wallet capabilities (like PayPal) with the ability to top up and withdraw cash from participating convenience stores.
How to Make Sure Your Cash Out is Fast
Aside from choosing a trustworthy casino and the right withdrawal method for your region, there are some other things you can do to make sure you get your money quickly.
First, you can anticipate and prepare for an id check.
All legitimate casinos will want to verify your id before processing a cash out. Once this is completed, future withdrawals will be much faster. This prevents fraudulent card use and money laundering. Without a robust system for player verification, online casinos find it difficult to operate.
Typically, you’ll be asked for a copy of a photo id, proof of address and (depending on your deposit method) a picture of your credit card. You can black out some of the numbers on your card, as long as it is identifiable as the one you used.
Second, you can choose the games which give you the best shot at making a withdrawal. All casino games have a built-in house edge. If you choose the casino games with the best payouts, you are much more likely to be hitting that ‘withdraw’ button. These games include blackjack, baccarat and some roulette variations.
Finally, make sure you take full advantage of casino bonuses and promo offers. There are many brands competing for your business – especially outside of the USA. By comparing their welcome packages and ongoing player rewards, you can maximize your chances of cashing out!