There’s a handful of factors that determine the best online casinos. You’ll usually want to find one that ticks a lot of boxes. However, the speed at which you’re able to receive your withdrawal is one of the few things that influence the decision of the casino you decide to use. Given that it is a massive component in this decision, many casinos spend millions to ensure their banking systems are of the highest quality. The speed of a payout can directly impact a casino review or what you tell your friends or family as an organic word of mouth. Today, we will examine the critical components of a casino that has a fast and convenient payout mechanism.
Managing potential delays in your payout
One of the most common delays people face when receiving their payout is when they don’t verify their documentation in advance. This is often the variable that causes the most delay for players waiting to receive their money. Sending your identification to the casino provider as early as possible is a good move. Many casinos now have technology which can verify your photo identification and bank details within 24 hours. While this can vary from provider to provider, it is pivotal for these companies to provide a slick service where there are no delays in your receiving your cash.
Ultimately, if a provider is slow in paying your money, you are likely to move to the next provider. There’s no shortage of casino providers, especially online. With multiple companies lined up, that are more than willing to provide a more convenient service, casino companies know how important it is to keep you on board. Fast payouts are a significant part of that. One factor that indicates how serious a provider is about their payouts is how many different payment methods they offer. If you use a casino provider and they only have two or three basic payment methods, this could indicate a slower payout time. However, a provider with 10 or more payment methods is likely to have an efficient internal department handling transactions, often resulting in faster payout times.
Explore online reviews
Online reviews can provide you with great insight into any company. It doesn’t even need to be in the casino sector. If you’re looking to use a business for whatever reason, then looking at what people say about that business online is essential. By examining what authentic previous customers say, you can get a natural feel for what the casino provider has to offer. Giuseppe Faraone said it best when he stated the importance of online reviews:
“Good experience and detailed reviews: they saved me a lot of time.” – Irishluck.ie review on Trustpilot
By breaking down reviews you can find online, you’ll leave no stone unturned in finding your favourite casino. However, good reviews also need to be coupled with other components too. Some of the fast payout online casinos in the world have solid enough reviews. It’s about going deeper and beyond to find the whole package, a casino that can do all things well and not just one thing really well.
What is a good withdrawal time?
As we detailed in our introduction, if you have verified your ID and payment method, you shouldn’t have to wait too long to receive your money. Some providers might state three to five days, some might state 24 to 48 hours, but it can also depend on how much money you are withdrawing. If you have won a lot of money, such as £5,000 or more, sometimes this will require additional verification. This is standard practice and shouldn’t be held against the casino.
However, if your payout is less than this, some of the biggest companies will pay you on the same day, and some can take up to five days. Clearly, 24 hours is a better length of time to receive your money, but there are still security checks and due diligence the casino needs to perform. In their quest to become the fastest payout casino out of all their competition, relenting on security can be a grave error. Ultimately, it is about finding the balance. If you verified your documentation and payment method, you have done everything possible to ensure the process is as smooth as it can be.
The importance of the payment method
Another angle to consider is the payment method you use. If you make a deposit using your credit card and withdraw the same way, which is often the most popular method, the casino will have more people assigned to dealing with this type of payment, so it’s often the quickest way to receive your cash.
However, it could take much longer if you opt for another payment method such as a bank transfer or PayPal. However, this delay is not caused by the casino; you would have that issue with any provider because it’s not a popular or standard withdrawal method. As you can see, it is sometimes not as simple as clicking withdraw and then becoming frustrated with the length of time it takes; there are other things for you to consider.
New casinos, and new payment methods, are the latest ways companies aim to catch up to the competition. Cryptocurrency casinos are new, but they’re one of the most effective ways of depositing and withdrawing because it removes the need for a bank or financial provider to oversee the payment. This eliminates any possibility of slowing or freezing the transaction; you simply connect your wallet and deposit. While there’s a big battle between traditional UK online casinos, these emerging challenger casinos that use cryptocurrency are getting their foot in the door by providing a fast and convenient payout system.
Fastest payouts in UK-based online casinos
Given that the gambling industry has been allowed to flourish in the United Kingdom over the last 30 years, the competition between digital casinos is exceptionally competitive. With a potential market of tens of millions of customers, getting the essentials right is crucial, including components such as:
- Fast payout times
- Great customer service
- Wide selection of games
- Great online reviews
UK-based casinos have become such a success that they have expanded into multiple other countries, setting their sights on American markets where recent legislative changes have opened the door for millions of people in US and Canada to play casino games that they haven’t previously been able to.
In 2018, a court ruling meant that digital casinos became a viable business option for several states that hadn’t allowed gambling for over a century. Five years later, over 10 states have legalized digital gambling, with some of the biggest UK-based providers moving into the sector to provide their services after growing successful and profitable businesses by establishing themselves as top providers across the pond.
While it’s always a good idea to seek out the casinos with the fastest payouts, range of games and the best customer service, don’t overlook responsible gambling either. With so many online games, it can be easy to get sucked in and spend too much time or money playing them if you don’t put effective controls in place. There are two ways you can manage your gambling as safely as possible:
- Set deposit limits
- Set yourself time limits
These are two simple, but highly effective, ways to keep your gambling venture light and entertaining. If you spend too much money or time playing casino games, or you’re in a position where you begin to chase your losses, then you need to reassess. Stop gambling and speak to somebody before it becomes a severe issue.
If you focus too much on a casino because they have the best range of games or the fastest payout, you could find they’re lacking in other areas that they haven’t given as much thought to in their bid to get that particular component as perfect as possible. That isn’t to say the other areas will be unacceptably poor, but you might find that even though one casino has a slightly slower payout time, it could excel in several other areas, providing a better package.
However, if you’re exploring the fastest payout times, considering everything we have discussed today will set you on a better footing. Online reviews, examining how many payment methods are available, and verifying your details with the provider are all ways to better understand how fast they payout. Customer service is also essential as you should be able to speak to somebody directly with any issues.
Usually, the bigger the provider, the easier it is to discuss any problems with their customer service team, whether it is via e-mail, phone or live chat. The speed and efficiency of the customer service can also give you some inkling about how sharp the overall service is. Online reviews are usually more reliable if you’re trying to find a measurement of how fast they are at paying out, so while exploring the fastest payout casinos is smart, it’s important not to become over-focussed on one area.