Online casinos are growing in popularity across the entire globe. For newer players looking to get into online casino play for the first time, the sheer choice can feel overwhelming.
Depending on what you want to get from online gambling, you may choose a casino for its games, bonuses, player experience, or even the ease of depositing and withdrawing.
Only the U.S nation’s casinos and mobile apps alone are pulling in a record $54.93 billion in the first eleven months of 2022, it’s no surprise that players are trying to figure out the best casinos to play with. In this guide, we discuss fast withdrawal online casinos and how they work.
Why do Casinos Take So Long to Withdraw Funds?
Making a deposit with an online casino is relatively straightforward. After entering your card details, it takes just a few minutes for your money to appear in your account. On the other hand, trying to make a withdrawal typically takes a few days.
The question is, “Why does it take so long for my online withdrawal request to be processed?”
The answer is in the regulations. In the past, online casinos worldwide were often used as a vehicle for money laundering, which means gambling institutions today must introduce more stringent checks to achieve legal compliance.
Unfortunately, new players experience this quickly. Upon making their first withdrawal, they’re typically asked to send a photo of their ID and proof of address, which is then looked at by a casino employee.
However, these checks also go on behind the scenes, even with every subsequent deposit. But casinos have been working to overcome this frustrating sticking point for players in recent years.
Introduce, the fast withdrawal casino.
What is a Fast Withdrawal Casino?
A fast withdrawal casino isn’t a special type of casino. Instead, it’s a casino that players have dubbed to be a fast withdrawal casino because of its known quick-fire withdrawal speeds.
These casinos don’t scrimp on compliance, but they have introduced technology to make the process faster. Rather than the slow manual processes of old, these casinos use technologies like AI to automate compliance checks and approve withdrawals faster than ever before.
The best of these casinos can allow you to withdraw from the moment you make a withdrawal request, as opposed to waiting for days.
How To Get Instant Fast Casino Withdrawal With Your Favorite Online Casino
Firstly, not every casino will offer fast withdrawal options. You can find out whether your casino offers this service either by doing your own research to find out what other players are saying or by checking the casino’s FAQ section.
However, instant payout casinos typically market quick-fire withdrawals if they offer them, so you shouldn’t have to look too hard.
If you’re working with one of these casinos, here are some tips to follow.
Complete “Know Your Customer (KYC)” Immediately
The fastest way to guarantee a fast payout is to complete KYC when you create your account. KYC is a mandatory legal requirement for every gaming provider to verify your identity.
Fast withdrawal casinos aren’t exempt from this legislation, which is designed to prevent money laundering and terrorism. The mistake new players make is to not do it until they’re prompted to do so when making their first withdrawal.
All KYC checks follow the same procedure
- You must provide a copy of a government-issued ID, such as a driving license or passport
- You must provide a separate proof of address, such as a recent bank statement or utility bill
Completing KYC ensures that your first withdrawal isn’t unnecessarily delayed. These checks usually average out at 24–72 hours, but they can take longer if there’s a problem with the photos/scans you’ve provided.
Become a Recognized Player
What is a recognized player?
It’s not a specific classification. Instead, it’s the sign of a regular player who has deposited and withdrawn multiple times in the past. Most casinos base this on how much you’ve spent.
For example, if you’re a member of the casino’s loyalty program and you’ve climbed a few ranks, this will usually be enough to demonstrate that you’re a recognized player.
Becoming a recognized player can speed up your withdrawals because it prevents your account from falling victim to the automated flagging process. If flagged, this can involve random checks.
These random checks may be a request for proof of identity, but they usually take the form of an internal check before the casino will allow your withdrawal to proceed.
Choose Faster Payout Methods
Some payout methods are just faster than others. This has nothing to do with the casino, but the payment process itself.
For example, wire transfers are usually among the slowest payment methods because banks take longer to process these transactions. Likewise, if you’ve opted to receive a physical check, the time it takes will depend on how long it takes for it to be mailed to your home.
Instead, choose eWallets if you want the fastest payment option. PayPal is the most popular fast payout method choice.
Withdraw Smaller Amounts
Another way to speed up your payouts is to withdraw smaller amounts. Many long-term players leave their funds in their accounts and may only withdraw once or twice per year.
Although this may work for them, it can complicate your withdrawal speeds. Larger withdrawals can trigger additional fraud checks from the casino, even in casinos known for their fast payouts.
By making reasonable withdrawals and sticking to a few hundred dollars at a time, you can enjoy a smoother withdrawal experience. Plus, the more withdrawals you make, the easier it becomes to avoid random checks in the future.
Cash Out at the Right Time
Believe it or not, it does matter when you decide to cash out. Although fast withdrawal casinos do use automation technology to process withdrawal requests, there’s still a human oversight team monitoring everything.
Attempt to withdraw at peak hours, such as in the early or late evening, and there’s a good chance that your withdrawal will get held up.
Instead, withdrawing at unsociable hours, such as the middle of the night, increases your chances of the casino’s verification team being less busy.
Overall, random checks are simply a fact of the world we live in. Casinos must comply with their legal obligations, and sometimes, players can be unlucky. However, by choosing the right online casino and following these tips, you could see your withdrawal processed in as little time as one hour.
