Online casinos will almost always make it very easy to deposit money into your account and play with real cash. However, should you be intending to win big (and who isn't?), you're probably also concerned about how you cash out too.
Learning about casino payouts is one of the first steps you should take as an online casino newbie. What's more, even if you're quite familiar with online or mobile gaming, you should always ensure you know exactly how the specific casino your playing at handles its payouts.
After all, not all online casinos are created equally and some offer faster and more straight-forward payouts than others.
Luckily for you, this page will give you the lowdown on everything you need to know about casino payouts, including:
- Why paying attention to casino payout times is important
- How to ensure faster casino payout times
- How to find fast payout casinos
Why Do Casino Payout Times Matter?
Although online gambling is highly entertaining and enjoyable, the main reason people play is to win. However, unlike at bricks-and-mortar casinos where you can simply exchange your chips for cash on the way you, being paid your winnings at online casinos can sometimes be a little more difficult.
When you win at an online casino game, the winnings are instantly added back to your bankroll. This means you can play with your winnings instantly, should you want to spend them at the same casino site.
However, this leaves your money still a few steps away from being back in your pocket – where you can see it and spend it on other things.
Whilst many of the UK's best and biggest online casinos pride themselves on fast payouts, online gamblers may still find themselves waiting around for their winnings. What's more, it's likely that there will be certain hoops you'll need to jump through, before you can withdraw from a casino with ease.
As such, casino payout times matter because they give you a rough estimate of how long it will take to get your winnings.
How To Ensure Fast Casino Payouts
Now you know why casino payout times are important, you're probably wondering about how you can make them as fast as possible.
Whilst, in general, the payout time is determined by the casino you've chosen to play at, there are some things you can do to make sure that the payout isn't delayed further:
❗ Always Make Sure you're Playing at a Licensed and Reputable Online Casino
Playing at a certified and regulated site will help you to avoid rogue casinos which may attempt to keep hold of your winnings
❗ Play in the Correct Currency for your Bank
Many online casinos may offer the option of playing in various different currencies.
However, if you're from the UK we highly recommend playing at a site which lets you play in pounds. This is because transactions between banks from different countries may take longer, and you may be subject to exchange rate fees.
❗ Choose a Quick Banking Method
Although most casino deposits are completed within a matter of seconds, it's important to know that your depositing method may impact your casino payout time.
Usually, due to licensing laws, a casino will insist that you withdraw via the same method by which you deposited. This means that you need to assess how quick a banking method is for both deposits and withdrawals before you make your first transaction.
As a rule of thumb, e-wallet services such as Neteller, Skrill and PayPal usually offer the fastest payout times.
❗ Verify your Identity as Soon as Possible
In order to adhere to money laundering prevention policies, online casinos may ask you to submit proof of identity before you can make a withdrawal. Savvy casino players will submit these documents way before they're even thinking about cashing out.
Where to Find Fast Payout Casinos
Finding a casino which offers fast payouts isn't a difficult task, but it does take a bit of research. Always read casino reviews before deciding whether or not to register at a certain casino, as these can give you more information about the casino's depositing and withdrawal policies.
Moreover, you should always pay attention to other players' comments and experiences. The beauty of playing at online casinos is that there's a huge community of players. This means that if a casino is slow to payout, there'll always be someone reporting it somewhere.
Check casino forums and comment pages before registering at a site to make sure they're operating in a responsible and fair manner.