There was a time when just registering with an online casino and having to play your favourite casino games online was just good enough. The early years of online casino gaming offered an alternative to brick and mortar casinos that many people were just thrilled to explore without actually giving too much thought to every single service delivery.
Today, things have changed as there are more and more online casinos as well as people who have invested their time and money in these casinos. People are more aware of what services online casinos can offer and to this end, gamblers are more picky of the online casino they sign up with.
One of the key services that most people look out for before registering with an online casino is their banking option. Gamblers are more open to Fast Paying Casinos as they seek to withdraw their funds as quickly as they can with little or no fuss.
Why Fast Paying Casinos?
The more likely question is – why not? Virtually every online casino offers similar casino gambling gaming options. From video slots, to video poker, bingo, keno, table, card, and live casino games. Most online casinos can boast of providing an assortment of casino games from some of the best and most ranked softwares available.
However, not all online casinos can boast of having the fastest payouts on the industry. There are many withdrawal methods on offer and these options are mainly classified into eWallets, Bank Transfers, and Card Payments.
Each of these withdrawal methods have their withdrawal times and the average withdrawal time may vary from one casino to another. Many casinos promise their customers instant payment, but the truth is the speed of withdrawal will be dependent on the withdrawal option and the processing speed of the casino in question.
There is an industry-standard when it comes to the speed of cashout or the withdrawal time for a particular type of withdrawal method.
One withdrawal method that is very popular amongst most online casinos is the use of eWallets. There are many eWallets available, but some of the eWallets such as; Neteller, Skrill or PayPal, offer customers an opportunity to withdraw funds from their gaming accounts in the quickest possible time which can be within an hour.
Some of the Fastest Paying Casinos offering this method of withdrawal in the industry include; Kassu Casino, Casiplay Casino, and Wishmaker Casino. These online casinos process withdrawals through eWallets within 60 minutes.
Card Payments take much longer to execute than eWallets. On average it may take between 1 and 5 days. There are Fast Paying Casinos that process their customer Card Payment withdrawal requests within 1 to 2 days. Some of these Fast Paying Casinos include; Wishmaker, Kassu, Videoslots Casino, 22 Bet Casino, Play Amo, Magic Red Casino, and Mansion Casino.
Bank Transfer is a withdrawal method that takes much longer to process than eWallets and Card Payments. Bank Transfer withdrawal payments take between 5 to 7 days to process and complete. This is the industry average withdrawal time for this type of withdrawal option.
Here the money, as well as recent cash payout in the gaming account of the customer, is transferred to their private local bank account domiciled at a bank in the country they are currently residing in.
Details of this local bank would have been provided by the customer during their registration with the online casino or during the making of their withdrawal request through their chosen method of Bank Transfer.
Instantaneous Payment Is a Myth
Online gamblers looking for Fast Paying Casinos that can provide them with their money instantaneously upon making a withdrawal request will be disappointed. The three main withdrawal methods have built-in processing protocols that take some time and therefore make instantaneous payments unrealistic, at least for now.
The casinos also have to affirm that the customer making the request is actually the person that registered with the casino and opened a gaming account with them. Customers wishing to withdraw funds from their gaming accounts would have to complete a set of verification protocols.
The casino then has to evaluate and ratify the withdrawal request before the withdrawal can be executed. This takes a bit of time and depending on the day and time a withdrawal request is made, the withdrawal time may become lengthier.
For example, withdrawal requests made on a weekend or on a public holiday may not be honored until the next available business/working day when the withdrawal time would actually begin counting.
Apart from customer verification protocols, there are also security issues that casinos have to consider before processing a withdrawal. For example, anti-money laundering protocols need to be observed by the casinos to ensure that their casino gambling platforms are not being used to launder illicit funds like drug or stolen money.