The top fast payout casinos
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Here at Casino.xyz, our team of expert reviewers are working hard to bring you the best fast payout casinos. So that you can get access to your winnings as soon as possible. It’s your money after all, right? So you should be able to take it out of the casino when you want.
In an age where we can make online payments and purchases in an instant, we believe that the same should be true of cashing out from an online casino.
To find the best payout casino sites, simply check our lists of trusted UK casinos. We’ll keep you in the know about all the latest gambling news and reviews. And you can find the sites with the quickest payout methods on the market.
What is a fast withdrawal casino
The first thing you should know about fast payout casinos is that the casino sites can’t affect a lot of the withdrawal times. Some payment providers set their own processing periods, and it is outside of the casino’s control. Debit card companies, for example, may take 24 hours to process a payment. And neither you nor the casino can change that.
That being said, some casinos add extra processing time, sometimes called a ‘pending period’, which can make your withdrawal period longer. These sites should be avoided, if getting your winnings quickly is your top priority.
Things our reviewers look for in a fast withdrawal casino include:
- Lots of withdrawal options: this is super important when looking for a site that lets you take out your winnings. We look to see that the casino offers many ways to withdraw your money, so that you can choose the quickest and best for you
- No pending periods: there’s no reason for these added times. And these periods add even more time to your withdrawal process. So we try to avoid them
- Know-Your-Customer (KYC) rules: these affect how and when you can take out your winnings. We look at how strict these rules are. See our KYC section below for more about this
- 24 hour customer service: if a casino has great staff, who are available 24/7, this means that they can process payments quickly. And this means you can often cash out over weekends and on holidays
Why can you not get your winnings paid out instantly?
There are a few things that add to the overall withdrawal time. With several parties all involved in moving money around, it’s natural that there will be delays between each stage of the process.
It’s not like withdrawing your cash from an ATM, for example. The casino doesn’t have direct access to your bank account. So it must wait for certain protocols to complete before they can physically place the money in your account. Banks can’t simply accept a payment into a customer’s account without first asking where it comes from. Money laundering protocols can have a big effect on money moving in any direction.
The casino operator’s payment processing time
One of the most obvious causes for the delay is the casino’s admin process. Like any company, all payments need authorisation from a certain level of management. And this takes time to complete. You might imagine that any winnings will automatically ping straight back to you without a second thought from the fast payout casinos. But the truth is that they need to consider all transactions carefully to prevent fraud and other losses that may occur.
Most brands will have a fixed time each day where all payments are checked. And the whole process of shifting that cash out can’t start until the right person signs it off. This is why it will usually take at least a day to get your winnings into your bank or other chosen destination.
The payment provider’s processing time
Each of the payment providers has its own way of working. And this involves various processes and stages of the transaction. E-wallets are notoriously fast as they aren’t dealing directly with your bank. Money simply sits in your wallet until you decide to move it on. And this is why many casino fans love this method.
Other platforms, such as debit cards and transfers require input from the banking system. And this entails several stages, especially where traditional transfers are concerned.
So before you decide which method to use, it is always worth taking a moment to consider which ones have complicated processes in place. The fast payout casinos have a cashier page that will give you a good indication as to how long each withdrawal type should take.
Don’t play at casinos with slow payouts
As we said, there are many stages to moving money from one place to another. But sometimes things can be helped along by stripping back the time it takes for each step to complete. And one of the slowest links in the chain can sometimes be the casino.
You would expect a casino to have your payment approved the same day or the next day at least. But if you hear that a brand is notoriously slow at initiating their side of the process, then you might want to give them a wide berth. There are plenty of top sites out there with reasonable withdrawal times. So why restrict yourself to playing at one that doesn’t meet your requirements?
The reasons you want a fast payout casino
Getting your cash quickly is a priority for most players. Nobody likes waiting around for anything, much less for their money. The sooner you get your hands on the cash, the sooner you can buy other things. And that’s the great thing about landing loads of lovely winnings!
Get your money quickly when you win
After you’ve landed a decent haul, the excitement is always at its peak. Every player knows that sometimes you win and sometimes you lose. So you want to make the most of it when the good times roll.
But waiting for ages to see the cash can put a damper on the whole occasion. This is why high street bookies were always a firm favourite. You could take your slip back up to the counter and walk away with the money in your hand. But online sites don’t have this advantage. So it’s important that they do everything possible to improve the experience for their customers.
Fast withdrawals are a sign of great customer service
When a brand does everything in its power to improve the service for its customers, you know that it really cares about them. Casinos that simply aren’t bothered about withdrawal times aren’t giving off the best impression. And with so much competition out there, it is imperative that all attention is given to the customer’s needs.
After all, if a site is not concerned about returning your winnings promptly, then it makes you wonder how good the rest of the service is.
Nobody wants to wait for their money
And as we said, it’s so frustrating when you have to wait to get hold of money that is owed to you. This goes for all kinds of debts. Money has the ability to tarnish a reputation of a business but between people as well.
It’s always advisable to get the cash back to where it should be to avoid any potential issues.
What are the quickest payout methods?
As we’ve mentioned, fast payout methods mostly come down to how you choose to cash out of a casino. Apart from pending periods, the casino doesn’t have much say in how long it takes for the payment provider to process your withdrawal.
Therefore, having a large choice of withdrawal options is the best way for a casino to ensure its customers have access to super fast cashouts. And, of course, some withdrawal methods are quicker than others. So, with that in mind, let’s take a look at these methods in a little more detail.
The fastest payout methods on the market at the moment are e-wallets. Easy to use and super fast, digital wallets have raised the bar for paying in and cashing out of online casinos.
Therefore, when looking for your next best fast withdrawal casino, make sure they have at least some of the following options:
- Neteller: one of the oldest, and best, e-wallets around. Neteller lets you pay in and take out your winnings in lightning-fast time. Available in lots of currencies and languages, choose an online account, or a digital debit card. Payouts are usually instant, with little or no fees
- Skrill: similar to Neteller, Skrill is another firm favourite with casino lovers. Instant payouts and minimal fees mean you can take out your winnings as and when you want
- Paypal: the best-known e-wallet around. It’s such a household name that most people don’t even realise that it’s a digital wallet. Access your deposits and withdrawals using just your email address and PayPal password. Simple!
Upsides of using e-wallets
Let’s have a look at some of the major perks of using e-wallets to cash out at casinos:
- Instant payouts
- Little or no fees attached
- Super secure and safe to use online
- Available in many languages and currencies
Downsides of using e-wallets
Now let’s take a look at a couple of the negatives of using e-wallets:
- You have to set up an account to use them first
- Some casinos don’t offer withdrawals via e-wallets
- A lot of casinos exclude e-wallet customers from their bonuses
What payout methods are slow?
Withdrawing your cash from a casino shouldn’t be a long task. But, there are some methods that will keep you hanging on longer than others.
Many of the negative comments that you find online, which are targeted towards online casinos, are due to withdrawal times. The main culprit is usually the delay for checking ID and money source during the KYC process.
At any other time, the process should take a maximum of a few days regardless of the method you choose. Some payment types will inevitably reach completion faster than others. Therefore, it’s always handy to have a rough time frame for each one so you can decide what works best for you.
If you’re in a rush, then e-wallets, as we mentioned earlier, are definitely the way to go. Fast payout casinos are heavily reliant on such products.
Here’s a rundown of your other options and the time they take to process.
For the longest time, debit cards have been considered the best way to pay for goods and services. Before the arrival of the e-wallet, it was pretty much the only way to make an online purchase.
- Mastercard: one of the first companies to emerge onto the scene was Mastercard. It is accepted at millions of shops and casinos across the world and has a strong rep. The cashout time should generally be around 2 days, but it could well happen quicker.
- VISA: another hugely popular payment gateway. Where half the worlds banks generally use Mastercard, the other half will probably be using Visa. The turnaround time is exactly the same so you should see your funds the day after requesting them, or possibly within 2 days.
- Paysafecard: as more and more people moved their money online and stepped away from physical cash, a gap appeared. Paysafecard filled the void for millions of customers who don’t have bank accounts or choose not to use them online. However, as a casino payment method, it does have some flaws. Depositing via this product is pretty straightforward, but withdrawals are another matter. Many casino brands won’t have the ability to make a withdrawal straight back to a Paysafecard. You will probably need to enter alternative payment details in order to remove your cash. Although, if you play at a casino that presents this option, then you will get your winnings within two to three days.
Before the age of internet banking, a wire transfer had to be done in person at the bank. The whole process could take well over a week so it wasn’t exactly quick.
Things are a little better now but it is still anything but a rapid payment solution. Preparing your payment for a wire transfer takes a fair amount of work and involves several banking protocols.
All of this can add up to delays at both the casino’s side and that of the bank. Completing all the necessary checks and moving your money will probably take four or five working days. Therefore, those in a rush should probably consider an alternative.
Deposit methods that don’t allow withdrawals
There’s nothing more frustrating than going to cash out your winnings only to find that your initial deposit method isn’t an available withdrawal method as well. You know that with debit cards and e-wallets you’re usually ok, but other payment products may pose a problem.
- Prepaid cards: as we’ve seen, some prepayment methods like Paysafecard, for example, aren’t the best way to withdraw money. Many casinos don’t accept the cashout method, and when they do it’s not exactly rapid.
- Pay-by-phone: may well be a fantastic and simple way to move cash into your live balance at a casino. However, there is a problem! You can’t use it to get hold of the money again if you win. This does present an issue for those who chose the method in the first place if they don’t have a bank account. You will need a bank account to get the money back to you which possibly defeats the object in the first place. Still, it is a super-easy way to make a deposit when you fancy a small flutter here and there.
Instant withdrawal casinos
You could classify an instant withdrawal casino as one that accepts e-wallets. This is due to the fact that deposits and withdrawals via this method are so quick. However, people often refer to instant play casino sites, and this may mean something different.
Instant play casinos has become a big trend in countries like Sweden and Germany. These casinos skip the usual sign up process. Players do not have to enter personal information such as name, address and bank details. Some casinos based in Malta are also offering instant play.
Instead, a player makes a deposit. By using his digipass, or using a e-identification service like Bank-ID, he verifies his account via his or her bank. This means no KYC procedure is necessary. And you can start playing directly!
Apart from the obvious benefit ot not having to go through a sign-up and KYC process, these casinos also often offers instant withdrawals to your bank account. In many casinos in Sweden, you can use Trustly or Swift for withdrawals. With them, it only takes a couple of minutes before your withdrawal reaches your bank account.
Unfortunately, instant play casinos are not yet available in the UK. However, we might see them enter the market in the near future. So keep an eye on this page for the latest updates on this!
Promotions and bonuses at fast payout casino sites
Playing at most of today’s top fast payout casinos can land you a string of bonuses. There are a few key ones that the majority work with. And there are others that are fairly unique to a specific brand. There are some that base their marketing solely on the emphasis on no bonuses. And this has a surprisingly popular outcome. Some players simply want to deposit and play. But most still love grabbing a freebie!
Some bonuses are given to existing customers. It is still important to show your clients that you value their loyalty. But the majority of freebies can be found when creating a new casino account.
Welcome bonuses usually come in the shape of bonus cash or spins. They are a fantastic way for a casino to thank you for trusting their business. There is a lot of competition in this industry and it is very difficult for a brand to stand out from the crowd.
Sometimes, you will need to pay some money into your account to trigger a bonus. But it is also possible to find deals that do not require this. Whichever type of bonus you select, there is still a great amount of value to be found.
No deposit offers
A deal that requires no deposit is always super popular with casino fans. It is a great way to play some new games and check out everything a site has to offer. Doing this without putting your hand in your pocket is a great experience.
Some fast payout casinos use this type of deal as their main marketing offering. It is possible to build a brand around this top promotion. But it is a risky strategy and the amount of money on offer is usually quite minimal.
You shouldn’t expect to see hundreds of pounds worth of free games when choosing this deal. It is possible to find perhaps £10 or £20, for example. Or maybe you will get your hands on a few bonus spins. Moreover, you should expect to see some wagering requirements attached to any winnings or bonus cash.
To land this type of deal, you simply sign up for a new account at the casino that has this promo available. As soon as your account is confirmed you can trigger the bonus and start playing with your free cash or spins.
Deposit bonus offers
If you are looking for a larger bonus, then you should cast your eye over the deposit bonus. This kind of deal has the potential to boost your balance no end. In general, a fast payout casino will match anything that you pay in with your first deposit. There will be a limit to the amount they will match. But it is generally quite healthy.
There may even be a similar offer on your second and perhaps third deposits as well. And this is great for anyone who was thinking of making a few deposits at a fast payout casino. We have seen these deals reach thousands of pounds in value. The most important thing to remember is that the wagering requirements can make large bonus figures difficult to play through in a short space of time.
If there is a time limit on a bonus deal and you need to play through a huge sum of bonus cash, then you want to make sure that the wagering is reasonable.
Free spins offers
For some players, it is all about the slots! These games are taking the fast payout casino industry by storm and millions of fans simply love them. There are huge wins to be found and a great deal of entertainment too.
Landing an offer that gives you a chance to play these games for free is fantastic. Some bonus offers, especially those that require a deposit, can land you a great number of spins. You may be able to select the game on which you can use the spins. Or you may be given a limited choice by the fast payout casino.
While reading the terms and conditions, pay close attention to max cashout figures. You can’t always withdraw everything that you win as a result of bonus spins. This is a shame. But as long as you know how much you can take out, there shouldn’t be a problem.
Cashback offers are a type of online casino bonus where the casino returns a portion of your losses back to your account. This typically comes in the form of real money or bonus credits. For instance, if a casino offers 10% cashback and you lose £100 in a week, you would receive £10 back into your account. The percentage of cashback and the terms of how it gets paid out can vary from one casino to another.
The beauty of cashback offers is that they provide a safety net, of sorts. Even if you’re going through a losing streak, the cashback offer ensures that you get a percentage of your money back. This can help mitigate losses and extend your gameplay. Remember to always review the terms and conditions of any bonus, including cashback offers, before you opt-in.
Same day payouts
The only real way to almost guarantee same day withdrawals in the UK is by using an e-wallet. But, this does largely depend on the casino and when they choose to process their payments. Many sites will require an employee to sign off payouts and this could be the same day or you may find it happens the next.
Generally speaking though, e-wallets will let you get your hands on your cash within 24 hours.
The KYC process when cashing out
Know-Your-Customer (KYC) refers to a set of rules set out by UK casinos, to make sure that both their site and their customers are safe. They are there to make sure that you are who you say you are! So that you and the casino can avoid any fraudulent activities that might come from criminals trying to scam you.
Because all UK casinos are licensed and regulated by the UK Gambling Commission (UKGC), every legit casino in the country must follow these rules. Most of the time, KYC measures are carried out when you open an account with a new casino site. But some sites will wait until you want to cash out, before asking you to complete their KYC demands.
To comply with KYC rules, you will be asked to show:
- Photo ID: usually passport or UK driving licence
- Proof of address: utility bill or similar. Usually from within the last 3 months
- Proof of deposit method: showing your debit card, or a screenshot of your online banking, to show proof of how you paid into the casino
These KYC demands are pretty standard, but some casino operators take things a little further. In addition to the above requests, you may also be asked to send them a photo of you holding your ID and/or proof of address.
While these measures may seem a little over-the-top, it’s important that you complete every KYC demand that the casino asks of you. Otherwise, you might not be able to withdraw any winnings at all. And completing these steps after signing up to a casino will definitely affect your payout time. So, if fast cashout is at the top of your list of priorities, then make sure you have completed all KYC requirements before trying to withdraw your winnings.
A selection of the most common questions that our readers ask us.