On this page, we go through the what fast paying casinos are and all there is to know with regards to fast cash out times and questions with regards to the minimum and maximum payouts at online casinos. Read More
Here, you’ll find our expert guide to fast paying casinos in Canada, complete with detailed information on:
One of the most enjoyable things about online casinos is that you get to play for real cash. There are few things in life more exciting than seeing a multiplier bonus gathering momentum, leaving you with a sizeable chunk of cash in your account. However, in all likelihood, you’re playing because you want to get that cash off the platform and into your bank account. Given how important this is, the speed at which a casino pays out winnings becomes an important factor to bear in mind when you are looking for a casino to use. Canadian players also like to see online casinos with CAD available as a default currency, because it makes life easier when it comes to calculating how much you’re depositing and winning.
Unfortunately, finding an online casino with a decent payout speed is often easier said than done, and there can be a significant difference between even the most popular casinos when it comes to payout speed. Sometimes, this can be as much as a few days between when you request and withdraw and when you receive the payment into your account. If you are anxious to get hold of your winnings, then this extra time could seem like an agonising wait.
The good news is that there are a number of casinos out there that specifically advertise as a fast-paying casino. Also known as ‘fast payout casinos’, they will typically have a number of options available that will enable them to offer the fastest possible payout times. This is most commonly done using an online payment provider – such as Skrill, Neteller or Paysafecard – and if you get your request in early enough in the day, you can sometimes see same-day withdrawal.
When trying to figure out what casino offers the fastest payout times, the main thing that you need to keep in mind is that the majority of casinos use the same payout methods. The most popular of these are bank transfers, with online payment services such as Skrill and Neteller becoming increasingly popular. This means that for the most part, the time it takes for your payment to be processed once the third party – either a bank or the online payment provider – has received it will be pretty consistent across all online casino platforms.
What does make a big difference in terms of payout speed, however, is how long it takes your casino to actually process that request so that it can get processed by the third party. This is where payouts and withdrawals tend to get held up. As such, when trying to figure out which casino has the fastest payout speeds, you need to choose one that has a good track record of processing these requests quickly.
Larger online casinos tend to have a bigger team dedicated to processing these requests, so in theory they should be able to process them quickly. However, larger casinos have more users, which means that sometimes their payments teams can get overwhelmed if they have too many withdrawal requests, and this could add days to your wait time. Reading online user reviews of casinos is a good way to get a sense of how quick and efficient a casino’s payments team is, which should tell you how quickly they are likely to pay out when the time comes.
There is no set answer to how much money you can cash out at once with online casinos as it will depend entirely on the casino in question. It is quite common for online casinos to have withdrawal limits in place, such as minimum or maximum withdrawal limits. Sometimes, these are put in place for security reasons and to comply with consumer protection regulations, while other casinos might cater specifically for higher-stakes gambling and therefore will need higher payout limits.
As there is no set limit on how much money you can cash out from an online casino, it’s important to read the small print before committing funds to the platform. This ensures that you can receive your payouts in a timely fashion.
Although there is no set way to figure out exactly how long a casino will take to pay out to customers other than to actually have it process a payment, there are a number of things to look out for that will give you a good idea.
Firstly, we need to keep in mind the fact that the size of the online casino in question will have a big impact on how long payouts take to hit your account. Generally speaking, the bigger the casino, the bigger the payments team it will have on hand. This means that in theory, payout requests can get processed more quickly and sent on to your chosen third party. However, while smaller casinos tend to have smaller payments teams, there is a chance that this will mean quicker processing times as they have fewer requests to process. As such, there is no set formula and it will really depend on the casino you choose and the processes it has in place.
Another consideration is the strength, size and efficiency of the customer support team. Having a well-staffed, knowledgeable customer support team is a good indication that withdrawal requests will be handled in an efficient manner. If an online casino has poor reviews of its customer support team, then this might be cause for alarm. In this sense, user reviews are a vital source of information when we are trying to figure out how good a casino is in practice.
The last factor that we here at SuperLenny like to look at when testing the fastest-paying casinos is what security measures they have in place. If a casino takes its security requirements and obligations seriously, then this is a good sign that it knows what it is doing when it comes to handling withdrawal requests. Most casinos are required to comply with these under the terms of their licence, and if they don’t, then this is a sign that you might need to look elsewhere. Having strict security procedures in place when it comes to handling sensitive financial information is a good sign that a casino will be able to process a payout request efficiently.
Cashing out your winnings is a pretty simple affair these days, and provided that your account is fully verified, it can usually be done in a matter of minutes. Simply log into your account, head over to the ‘Deposits/Withdrawal’ section, and click ‘Withdrawal’. You will then be required to select a withdrawal method, the amount you want to withdraw, and then input some other personal details. Once this is all done, simply click ‘Submit’ and wait for your request to be processed.
Casino banking will have an impact on the payout time as each banking method will have a minimum amount of time it takes to complete a transfer. Using online payment services and cryptocurrencies can be a way to speed up this process, as payments using this method can be fully completed within a couple of hours.
Generally speaking, you will be required to use the same deposit and withdrawal method. This means that if you used a bank transfer to deposit funds into your account, you will be required to use that same account to receive your winnings. This system is in place to comply with customer protection and money-laundering regulations.
Whether or not the amount you want to withdraw will affect the length of time it takes for the withdrawal to process depends entirely on the casino you choose. If, for example, a casino has a withdrawal limit on single transactions, this may mean that you will need to wait for a certain amount of time between withdrawals.
A minimum withdrawal limit refers to the lowest amount you can withdraw from the casino in one transaction. There isn’t usually a set amount to this, and it will depend on the casino you have chosen to use.
Usually, this information is contained directly on the website of the online casino in question and can most often be found in the FAQs section of the website. If you don’t fancy trawling through this information, however, you can also use a review website such as SuperLenny that scours the internet and puts all this information in one easy-to-find location.