Casinos that Process Payouts Fast

All players want to see their winnings in their banking accounts as early as possible. Players who have won jackpots simply cannot wait to start spending their money. For this reason, players appreciate the fastest online casino withdrawals and prefer signing up accounts at online casinos that process payouts really fast.

However, each casino is different and has its own deposit and withdrawal policies. Gaming sites normally offer banking methods such as credit cards, debit cards, prepaid cards, checks, and eWallets. Most of the time, players can use the method they use to deposit funds for withdrawals too. Withdrawals through eWallets are the fastest, following by credit cards, Bank Wire, and checks. It takes the longest to withdraw winnings through checks, which is why hardly any player requests payouts through checks these days. 

Here is the time taken to withdraw winnings from online casinos using different methods.

eWallets – Casinos usually take anywhere between 24 and 48 hours to process payouts through eWallets, although certain casinos allow players to withdraw their winnings instantly through methods such as Neteller.

Credit/debit Cards – Players who choose to withdraw winnings through credit/debit cards have to wait up to five days to see their money in their accounts.

Bank Wire Transfer – This method can take as many as seven days.

Checks – Checks take as many as 21 days or even more to reach players as online casinos do not accept responsibility for postal delays. Some casinos courier checks to their VIP players or demand payment from all players who wish to receive payments through courier checks.

We have recommended some of the most quick withdrawal casinos for the benefit of our Canadian casino players. Players can expect our recommended casinos to process payout requests really fast. Players should also note that most casinos take their own sweet time to process payouts, but we handpick only those casinos that make quick withdrawal their priority.

Withdrawal Fees

Withdrawal fees vary from one banking method to the other and from casino to casino. For example, players can move funds to and from their Skrill accounts and online casino accounts for free; however, they have to pay a fee of $3 to transfer the funds from their Skrill account to their banking account. Neteller also charges reasonable fees although it is free to move funds from one’s Neteller account to one’s online casino account and to withdraw winnings back to one’s Neteller account.

Players should also note that they may have to pay higher fees for withdrawal methods such as checks and bank transfer. Usually, casinos charge in the range of $30 - $50 for withdrawals through these methods.

Before selecting a withdrawal method, players should study the various fees associated with it in order to avoid running up into unnecessary costs.

Casino Withdrawal FAQ

Q: Why do casinos demand documents before processing payout requests?
A: For security purposes, casinos require players to submit certain documents before processing their payout requests. The casino may request documents such as photographic ID (passport, national ID card, or driving license), utility bills (electricity or phone bills), and proof of ownership of credit/debit cards or eWallet accounts. International money laundering and fraud regulations require casinos to request documents from their gambling customers.

Q: Are my winnings taxed?
A: It depends entirely on players’ country of residence. In some jurisdictions, casino winnings are tax free. It is the player’s responsibility to study the tax laws in his/her own country and pay taxes on his/her winnings if required.

Q: Are payout percentages somehow related to fast payouts?
A: Payout percentages are not related to fast payouts. The payout percentage is the percentage of players’ wagers returned to them within a specific time. If the casino says that it has a payout percentage of 96%, it means that the casino returns $96 as winnings for every $100 wagered by players. Payout percentage has nothing to do with exactly how much a player wins.

Q: Do casinos charge extra for processing payouts fast?
A: No. Casinos do not charge you any money for processing your payout request quickly. Some casinos charge fees for certain banking methods, but these fees have nothing to do with how fast a casino processes payouts. You don’t have to pay extra just to see your winnings sooner.