Analyzing Payout Speeds in Online Casinos

Playing casino games is fun, but withdrawing wins is what all players are in for. An analysis of the industry displays that not all online casinos support fast, cost-effective and streamlined withdrawals. That is why it is imperative to understand what affects payout speed on gambling sites and how to optimize the process to take as short as possible. One way is to take a look at top brands on rankings of Canada’s operators for casino games and stick to those that promise fast withdrawals, but even so, there are plenty of elements that affect how long it takes.

What Affects the Payout Speed?

One of the most relevant factors in payment processing is the gambler’s payment method. Very often, they don’t think about how the method they use for depositing also has to be used for withdrawing money, and not all options offer the same level of convenience.

As a rule, traditional methods like banking cards and bank wire take the longest, sometimes up to 7 business days. It may take up to 10 calendar days before the player sees the money. On the other hand, e-wallets never take longer than 3 days, and some casinos even support same-day processing.

Another factor in the withdrawal equation is the player’s status. Some casinos offer a members-only high roller casino experience, where players who play the most get payouts faster. There is also the verification process that may add a couple more days to the waiting time. Although some players despise it and find it obsolete, it is the only way for the company to prevent money laundering and know that money is going into the right hands.

Comparing Payouts in Different Online Casinos

It is time we see how it all looks in practice. To help players understand what withdrawals entail, we’ll compare two popular casinos, both operating in Canada.

Spin Casino will process withdrawals within 48 hours, but its preferred withdrawal methods are Visa and MasterCard, which makes the entire process a bit longer. Still, players can also use digital payments to speed things up.

Jackpot City promises to complete the payment in up to 3 days, but players also have to count on a 24-hour pending period. However, some players complain that internal policies are so complex that it may take up to 2 weeks to enjoy the wins.

As is evident from this example, players mustn’t sign up with casinos that promise fast withdrawals but those that employ policies that support them. Expert reviews and opinions of other players can be of immense help in finding solid brands with fast withdrawals.

How to Speed Up the Withdrawal?

Here are a few tips that may help gamblers speed things up:

• Don’t send a payout request on Fridays;
• Keep an eye on the calendar to avoid withdrawing during holidays;
• Choose a method that supports fast and easy payments;
• Verify your account as soon as you sign up;
• Make sure you understand payment policies before registering with an online casino;
• Wager your bonus and your deposit before asking for a payout;
• Avoid deposit methods that don’t support withdrawals. You’ll likely be stuck with a bank wire when the time comes to cash out.

Fast withdrawals are often a result of a good and fair casino and responsible playing practices. Players who understand every aspect of their favourite hobby are more likely to choose methods that enable fast and easy payouts. That is why it is always important to explore one’s options, do research, and not settle for the first brand that comes along.