How do I cash out at a fast payout casino?
Making a withdrawal from a fast payout casino is usually a simple and straightforward process. The first step usually involves heading to the account or banking section of a fast paying casino then requesting a withdrawal. You’ll then have to choose how much you want to withdraw and by which method.
You normally have to withdraw using the same method used to make a deposit. For example, if you’ve made a deposit with a debit card, you’ll have to withdraw to the same card. When you’ve filled in all the required information, click Cashout or Withdraw and the withdrawal wheels are in motion.
The online casino will then process the request, checking things like whether you’ve completed all the required wagering requirements for a bonus for example. Once approved, the casino will process the withdrawal and send the money to your chose account.
The process might vary slightly from place to place but most online casinos follow a similar procedure when it comes to processing withdrawal requests. Here are the things to consider which may speed up or slow down the payout/withdrawal process:
Payout Pending Period
In an ideal world, we’d win on our favourite online slots and be able to click on the Cashout button and the money would be sitting in our account moments later. It’s not usually as fast as that. After you have made with withdrawal request, there’s what’s known as the payout pending period.
The money will be sitting in your online casino account while their banking team processes the transaction. At some places, the processing period can be as much as 4 days which can be very frustrating if you want to get hold of your cash in a hurry.
More and more operators are quickening up the pace though and offering much shorter payout pending periods. The top fast withdrawal casinos have very short or no pending period which come the closest to offering instant withdrawals.
Payment Methods
When making deposits to an online casino, the money will usually be credited to your account instantly regardless of whether you’re using a debit card, money wallet or prepaid card (the main exception here is the wire transfer which can sometimes take a little longer).
Things aren’t quite as straightforward when it comes to withdrawals though. Different methods usually mean different timescales for cashouts. In this section, we’ll look at the pros and cons of the most popular online casino payment methods.
Money Wallets
Including Skrill and NETeller, money wallet solutions usually offer the quickest withdrawal times. It’s worth noting that if you use a money wallet to make a first deposit, you won’t be able to take advantage of a new player welcome offer at some online casinos.
Take The Sun Vegas Casino for example. They have a 100% welcome bonus worth up to £300 on offer for new players. That bonus isn’t valid if you use Skrill or NETeller to make a first deposit though. Money wallets are usually fine for subsequent deposits. You’ll then be able to use this method for speedy withdrawals from your online casino account.
PayPal: this payment service which is a mainstay of eBay transactions is available at more and more UK facing casinos. It offers the ease and convenience of the money wallets and in many cases, players remain eligible for welcome bonus offers.
MuchBetter: this mobile app offers secure deposits and withdrawals for smartphone uses. It’s generally not quite as quick as the money wallets but still compares favourably with debit cards.
In most cases, there aren’t any fees charged to make a withdrawal from an online casino. A minority do levy a small charge so it’s always worth reading the small print when it comes to deciding what casino to play at and what withdrawal method you plan to use. At Mr Green Casino for example, there’s a 1% levy on withdrawals of over £100 up to a maximum of £10.
Payment Methods to Avoid
Most online casinos offer a wide variety of options when it comes to banking. You don’t have to use a money wallet. The other options are fine if a fast withdrawal casino isn’t at the top of your list of priorities. If you want instant withdrawal payouts, you’re probably best giving the following payment methods a swerve.
Debit Cards: cashout times are often slower with a debit card than a money wallet. After being approved, money usually takes between 1 and 3 working days to land in your bank account. You’ll have no problem taking advantage of a new player bonus offer if you use a debit card to make your first deposit though.
Bank Transfers: this is often the slowest method for a withdrawal. Depending on the bank and online casino, a wire transfer withdrawal can take anywhere between 1 and 7 days to be completed. Some places like Grosvenor Casino offer super-fast withdrawal times. If you have an account with one of the eligible banks, payouts can take as little as 3 hours.
Prepaid Cards: prepay vouchers like Paysafecard have become an increasingly popular method for making deposits to online casino accounts. They’re not the greatest option for withdrawals though. In most cases, if you deposit with a prepaid card, you’ll withdraw via bank transfer which, as we’ve seen above, isn’t the fastest method available.
Minimum + Maximum Withdrawal Amounts
The minimum amount you can withdraw varies from online casino to online casino but usually sits somewhere around the £10 or £20 range.
The more important factor consider is the maximum withdrawal amount. At some online casinos, there are caps on the amount you can withdraw in a week or in any given transaction. Again, this varies from place to place so read the T&Cs carefully when weighing up where to play.
The maximum withdrawal restrictions can have a potentially big impact in the happy circumstance that you do land a big score. Say you landed the big 150,000 x stake jackpot prize on the San Quentin slot. Imagine the online casino you were playing at had a £5,000 weekly cap on withdrawals. That would be a far from ideal situation.
Account Verification
Here at Online-Slot.co.uk, we only recommend online casinos that are regulated by the UK Gambling Commission. These casinos have to abide by UKGC rules and regulations and one of the most important when it comes to safety and security of players is Account Verification.
Before you make a withdrawal, an online casino will have to verify you are who you say you are. This is to prevent underage play and to stop money laundering.
In some cases, casinos will be able to do this automatically. Sometimes though, you’ll have to confirm your identity. This is usually a very simple process. You’ll have to upload photo ID such as driving licence or passport along with something that has your address on it like a recent utility bill or bank statement. Most online casinos have a designated server specifically for uploading identification documentation.
The procedure can take up to 48 hours but is often completed much more quickly. Once the verification procedure has been confirmed, you’ll be able to request instant withdrawals. Cashouts aren’t possible until you have verified your identity though.
Weekend Cashouts
If you land a big win on a Saturday and you want to get your hands on the cash, you don’t really want to be waiting until Monday morning to get the withdrawal wheels in motion. The best fast withdrawal casinos offer weekend cashouts.
This isn’t possible at all online casinos. In our casino reviews, we’ll flag up whether or not a casino offers weekend withdrawals. Given that weekends are one of the most popular times for online casino play, it really should be routine for online casinos to process cashouts on Saturdays and Sundays as well as on weekdays.
Lock Withdrawals
This is a very handy feature that allows players to lock their withdrawal so that it can’t be accessed and is well out of temptation. Let’s give an example.
Say you landed the bumper payday and requested a withdrawal. It then goes into the casino’s pending payout tray. So far, so standard. As we’ve already seen, the pending timescales can vary. With the money in the pending tray, it can be tempting to dive back in and start playing with the money you had originally wanted to withdraw.
The Lock Withdrawal feature does exactly what it says on the tin. It locks the withdrawal so that you can’t access it. The withdrawal is guaranteed to go through with the money sent to your chosen account method.
At some casinos, you’ll have to request this option. Others deliver it automatically. A prime example is the Lock Withdrawal feature at Rizk Casino which allows players to protect their withdrawal and take the temptation to play with those funds off the table. Another is SlotsMillion Casino.
Reverse Withdrawals
The opposite of the Lock Withdrawal is the Reverse Withdrawal. This allows players to cancel a withdrawal request. The cashout is cancelled, the money return to the player’s online casino account and they can play with those funds once again.
The UK regulator has had reverse withdrawals in its sights for some time and the process will be outlawed from October 2021. Here’s what they had to say on the matter:
“the Commission has also introduced a permanent ban on reverse withdrawals for all online gambling – this function previously allowed consumers to re-gamble money they had previously requested to withdraw.”
VIP + Loyalty Schemes
You’d hope that all players would be treated the same when it comes to online casino instant payouts. As in most areas of life, some people are more equal than others and that’s the case with some online casinos too.
At some sites, members in the upper echelons of the casino VIP or Loyalty Programme are eligible for faster withdrawals then the players lower down the VIP food chain.
As usual, this varies from site to site and is something we try to flag in our casino reviews. VIP programmes are another area that the UK gambling regulator is looking into. Ideally, you want an online casino that offers rapid withdrawals as a matter of course, not just for the high rollers.
Betting Shops + Online Bookmakers
If you play at an online casino that is tied to a brick-and-mortar casino or bookmaker, you’ll often have another option when it comes to making fast payouts. In many cases, you can choose to cashout in the operator’s live venue. Most sports wagers are settled as soon as the event has been completed. The same applies to cashouts from other parts of the bookmaker’s or casino’s online arm.
Take Paddy Power for example. You can request that your winnings from your online account are paid out to a Paddy Power CashCard+ when you visit one of the bookmaker’s high street betting shops. Other bookmakers and casinos have a similar crossover between their live and online operations (like Coral and William Hill).
Summary: How can I speed up withdrawals?
There are a number of steps you can take when it comes to receiving your winnings quickly. Obviously you will need to play at a fast a payout casino too. These tips below will help in getting paid out quickly:
- Find a casino that offers a small, or better still, no pending period when you request a withdrawal.
- Select a payment method that offers fast cashouts like the money wallets or PayPal.
- Double check the maximum cashout amounts (and minimum deposit amount). You don’t want to get caught having to make multiple withdrawals when other sites will allow you to withdraw the same amount in one go.
- Verify your account. Make sure you have the relevant documents to hand so you can complete the verification process quickly. The ideal scenario is for the casino to have automatic verification.
- If you live close to an online casino that has a physical presence like a bookmaker or casino, it’s worth checking if they offer on-site withdrawals.
If fast cashouts are important to you, you may consider playing the slots with highest RTP rates. These games give you more back on average. The closer to 100%, the better the payback.
FAQs
A number of factors usually go into speed of withdrawal. The main ones are the casino’s pending payment length and the method you use for withdrawal. Choosing a money wallet can have a big impact on the latter.
Generally speaking, the money wallets like Skrill, NETeller and PayPal offer the fastest payouts. Withdrawals are often made instantly once they have been approved by the casino.
Casinos regulated by the UK Gambling Commission come with a host of player protection rules. Play with one of these sites and your withdrawals will be safe and secure. Check out the fastest payout casinos in the UK.
Speed up your withdrawals by using a money wallet to make your cashouts. Make sure you have verified your account too so there are no delays there.
In many cases an online casino will try and verify your account automatically. If that’s no possible, you’ll likely need to upload scans of photo ID like a driving licence plus something with your address. The process is completed within 48 hours but is often quicker.
Generally speaking, faster casino payouts don’t cost any extra than standard cashouts. Fees vary from casino to casino so check out our full casino reviews to see who charges what and for what methods.
If you make a deposit using 1 method, you usually have to withdraw using the deposit method. There are exceptions though. If you deposit using say, a voucher like Paysafecard, the withdrawal would usually be via a bank transfer.
At some online casinos, one perk of being a VIP is faster cashouts. This varies from place to place so check before signing up.
