Fast payouts are hugely important when it comes to online gambling, particularly with slot sites as you online slots are much quicker than other casino games. Naturally, you’d want that money into your account as fast as possible, but unless you’ve registered at one of the best casinos around, you might be a bit surprised at how long it can take to withdraw your money.
Your payout may be met with some delays, and you might begin to feel frustrated. That’s why we’ve put together this handy little guide, letting you know how to handle payouts, how to make sure they’re processed quickly and how to remain calm while waiting.
Online Casino Sites with the Best Payouts
It can be hard to find casinos that offer fast payouts, but they are out there. While most casinos take several days or up to a week to approve and process a withdrawal, there are some that process it as quickly as two hours. It all depends on the operator and the payment method, so let’s dig into this a little further.
SlotsMillion has become a very popular casino in the last few years due to their great customer service, excellent game selection and for offering some of the best payouts possible! The slots site promises to process withdrawals within 24 hours, and a spokesperson for SlotsMillion told BonusSlots.co.uk that if the account is fully verified, it’ll take up to two business days for funds to come through.
Many users have praised SlotsMillion for having some of the industry’s fastest payout times in reviews and on official forums. A user named brianmon from CasinoMeister forums revealed that the withdrawal to his Neteller account took around 40 hours, including processing time which is faster than most other online casinos.
Another user named The Blue Anchor recalled how they had requested a withdrawal on a Sunday, provided evidence on Monday to verify his account. The funds arrived into his bank account late on Tuesday afternoon, making the transaction one of the quickest we’ve ever heard of.
Play Ojo, an online casino that launched last year, has become a casino that offers some of the fastest payouts possible. The popular PayPal slot casino, which offers over 200 games, also accepts a variety of payment methods allowing customers to select how they want to receive their winnings.
According to Play Ojo’s terms and conditions, they aim to process all withdrawals, no matter which method, within 24 hours. This is a lot quicker than most other online casinos, as they sometimes take several days to process and approve a withdrawal. However, players will still need to wait for the funds to reach them which can vary depending on the method. For example:
- VISA/Mastercard: Between 2-7 business days
- PayPal: Up to 3 business days
- Skrill: Up to 3 business days
- Neteller: Up to 3 business days
- Paysafecard: Up to 3 business days
- EcoPayz: Up to 5 business days
Customers who have left reviews about Play Ojo’s withdrawal times have explained how they can be “hit and miss”. One user named Kaytayxx claimed that one cashout took several hours to reach her while other times it’s taken several days.
A user named BeHappy78 recalled their experience with Play Ojo on AskGamblers. They explained how they had waited four days, including the weekend, before the withdrawal appeared in their bank. The withdrawal was made via bank transfer, which also tends to have the longest wait but Play Ojo processed it all incredibly quickly.
All British Casino
All British Casino launched in 2013 and has become increasingly popular. Not only does the casino offer an excellent catalogue of games, but it also has some fun promotions and is incredibly fast at processing payouts. The slot site accepts a variety of payment methods for deposits and withdrawals, including VISA and Mastercard, Skrill, Neteller, Paysafecard and bank transfers.
The firm states that withdrawals are processed within 24 hours but can take up to five working days to reach you depending on the method used. However, it seems that most customers receive their money well before that. Online casino reviewer Casinomeister reviewed the withdrawal times at All British Casino with positive results.
According to the site, their withdrawals reached them within three business days. When the site requested a withdrawal over the weekend, however, the process was significantly delayed because All British Casino does not offer weekend payouts. Overall, Casinomeister reports that All British Casino’s process speeds are some of the best payouts available.
While most online casinos provide customers with a general overview of how long withdrawals may take, delays, glitches and other unexpected incidents can always impact the time taken for the funds to finally reach you. In addition to that, the method behind used for withdrawals and the fact that some casinos do not allow weekend payouts can extend the overall withdrawal time.
You should know by now that the method you decide to use for withdrawals can severely impact the time it takes for funds to reach you. It’s common knowledge that bank transfers take the longest amount of time to process withdrawals while e-wallets such as PayPal, Neteller and Skrill offer the fastest payouts. Withdrawals to your credit and debit cards can vary depending on the casino and your bank. The overall size of your win can also affect withdrawal times as the bigger the win, the longer it’ll take to process.
It’s also important to remember that most banks do not allow you to select which payment method you’d like to use for withdrawals. As part of a crackdown on fraud and money laundering, most casinos require withdrawals to be processed via the same method used for your last deposit. This means that if you deposited money via your debit card, the withdrawal will be processed that way too. This can be upsetting for some people who were hoping to use an e-wallet for a faster payout time.
How to speed it up: The best way to ensure a fast payout time would be to use e-wallets for deposits whenever possible. This will force the casino to use the same method for withdrawals, meaning you’re more likely to get your winnings earlier.
Evidence and Identification
Online casinos are legally required to verify new customers under new rules from the UK Gambling Commission. Sometimes referred to as ‘Know Your Customer’, casinos are required to either verify customers and their funds either at registration, after they request a withdrawal or when they’ve met certain requirements such as depositing a large sum of money or triggering a hefty win.
Most casinos decide to verify customers when they request a withdrawal for the first time. Naturally, this ends up delaying the entire withdrawal process. If you’re withdrawing for the first time, your transaction is normally put on hold until you’ve verified your account and source of funds.
To verify your identity and source of funds, you’ll have to provide the casino with different forms of evidence. They can include:
- Proof of earnings including payslips, director remuneration, dividends or pensions
- Bank statements or savings account that shows consistent incoming values from a reliable source
- A trust deed that shows a consistent entitlement to funds
- An account statement showing funds won from another company
- Dated proof of an award or payment made to the customer
- Other clear evidence that shows “affordability” in relation to the casino
In addition, you may be required to provide your driver’s license, birth certificate or a recent utility bill to verify your identity. However, one piece of evidence may not be enough for some casinos due to outdated or confusing evidence. Meanwhile, other online casinos may be slow at replying to your emails containing evidence, and you may be left waiting to hear from them.
How to speed it up: We suggest you verify your identity and source of funds as soon as you’ve registered with the casino or as soon as you can. The earlier you verify everything, the quicker your first withdrawal will be. Also, we suggest you remove any personal information you don’t want casinos to know from evidence documents.
Many casinos refuse to process payouts over the weekend. This can delay withdrawal requests made by customers late on a Friday and over the weekend as they won’t be processed until Monday. For example, 32Red processes withdrawals the next day if they’re requested before 3 pm UK time. If withdrawals are requested after 3 pm UK time it takes an extra business day to process. So, if you request a withdrawal after 3 pm UK time on Thursday, the withdrawal will not be processed until Monday morning. This also applies to bank holidays, which could delay the process further.
All British Casino also only processes withdrawals between Monday and Friday. According to the casino’s terms and conditions, withdrawals requested before 5 pm UK time are processed the same day but withdrawals requested after 5 pm UK time are processed the following day. This means that withdrawals made after 5 pm on Friday and over the weekend will only be processed on Monday.
As mentioned above, there are casinos that immediately process withdrawals. Play Ojo aims to process withdrawals within 24 hours, no matter when they’ve been requested. LeoVegas is another online casino that processes withdrawals over the weekend.
How to speed it up: We can only suggest that you request a withdrawal as soon as possible after landing a win. The earlier you request a withdrawal, the quicker it’ll reach you. In addition, it’s worth registering at a casino that offers weekend payouts.
Wagering requirements can also delay your withdrawals, and it’s quite important that you understand what they are. Essentially, wagering requirements are the number of times you must wager or bet your bonus funds, bonus spins or bonus funds and deposit combined before you’re allowed to withdraw winnings and bonus money.
Some casinos allow you to withdraw your winnings before completing wagering requirements but doing so forfeits your bonus. Other casinos, however, ban you from withdrawing anything until the wagering requirement is complete or until the bonus funds have expired.
Under new laws from the UK Gambling Commission, casinos are required to clearly state the wagering requirements under their promotions so customers know exactly how many times they’re required to wager something. Here’s an example below of SlotsMillion’s welcome package, bonus spins and wagering requirements:
SlotsMillion offers new players a 100% welcome bonus of up to £100 plus 20 bonus spins on Gonzo’s Quest. The bonus has a minimum deposit of £20, must be wagered 48x to be converted into cash and is only valid for seven days, meaning you’ll need to complete the wagering requirement in one week before the funds disappear. Meanwhile, the bonus spins must be activated within 24 hours of being granted and are only available for seven days. In addition, the bonus spins must be wagered 48x before withdrawals can be made.
So you can see how wagering requirements can slow you down after making a quick win at an online casino. You may have just started playing and won a large sum but due to wagering requirements, you’ll need to keep betting before anything can be withdrawn. Unless, of course, the casino allows you to forfeit your bonus…
How to speed it up: There really isn’t much you can do regarding wagering requirements. You could opt out of bonuses or forfeit your bonus funds by withdrawing before completing the wagering requirement, but that’s your personal choice. It may also be a good idea to register at a casino that has smaller wagering requirements, although this could be quite hard to find.
Why Fast Payouts are Important
Fast payouts are important to players because they want their winnings. If you’ve just landed a massive win, chances are you’re going to want that money in your account as soon as possible. No one wants to be waiting days or weeks before money is actually paid out and that’s completely understandable.
However, there’s also a much more important reason for fast payouts, and that’s all to do with the ability to cancel withdrawals. When casinos take longer to process withdrawals, players are more likely to cancel or reverse the transaction. This means the money will stay in the player’s casino account and can be used for more gambling.
Ultimately, this can lead to customers losing all of their winnings and more real-life money than if the withdrawal was processed immediately. Many players feel guilty and upset when this happens, wishing they hadn’t reversed or cancelled the withdrawal. As mentioned, a longer processing time, particularly in casinos that don’t offer weekend payouts, can tempt a player into cancelling or reversing their withdrawals.
There are several casinos that have begun to offer lock withdrawals to combat this, allowing you to lock your withdrawal and stop yourself from cancelling or reversing it. When you lock a withdrawal, no one has the power to unlock it making your winnings and money safe. At the time of writing, only Rizk casino and Casumo offer lock withdrawals.
What to do When a Payout is Delayed?
If your payout has been delayed for one of the above reasons, the first thing you should do is contact the casino’s customer service team to find out what’s happened. You should do this as soon as possible, preferably over live chat or the telephone so you receive a prompt response. Remember to remain calm when speaking to a customer service agent. Find out what the problem is and how it can be fixed, whether it’s a problem on your side of theirs.
If they require you to send documents to verify your identity or funds, send them over immediately. If there’s some other reason the casino has delayed your payout, work with them to solve the issue and get the withdrawal moving.
In addition, it may also be a good idea to check reviews and forums to see if other people have had similar experiences with the casino you’ve registered at. If other people have run into similar problems you’ll be able to see how they addressed and fixed the issue and you could follow similar steps to do the same. Also, if you discover multiple complaints or several negative experiences surrounding payouts with your online casino, it may be worth registering somewhere else.
Fastest Payouts: Our Recommendation
To get the best payouts possible, we suggest you register with a casino that offers weekend processes and withdrawals. We also urge you to verify your identity and funds as soon as you can, this really helps speed up the first withdrawal at a new casino. Since most casinos use the same deposit method for withdrawals, you should try to register at an e-wallet or a PayPal casino as depositing with these methods offer faster payouts, usually within a day or two.
At the time of writing, we at BonusSlots believe that Play Ojo and SlotsMillion offer the best payouts overall, with All British Casino and LeoVegas closely behind them.