When it comes to choosing a fantastic new online casino, there are many things to consider. Does the site offer all the best games and latest iGaming titles? Is the website easy to use? Do you get access to all the most modern payment methods? And is the site mobile-optimised?
But there’s also another very important thing to take into account that many people overlook: the payout time.
Today, we’re going to take a look at what payout times are and why they are important. As well as examine why you should opt for a fast payout casino, and where to find these sites.
What are payout times?
A ‘payout time’ is the time it takes a casino operator to deliver a player’s winnings into his/her account. But, while this is very simple in principle, payout times vary from site to site. And how payout times are calculated depends on two different factors.
The first is a casino’s ‘pending’ or ‘approval’ period. Most casinos will have a processing time of between 24 hours and a few days. In which time a member of staff will process the request for a withdrawal.
The second factor that affects your payout time is the payment method you select to receive your winnings. For example, e-wallets have the quickest transaction times. And it can take less than 24 hours for you to get your winnings. But some more traditional methods, such as bank transfers and debit cards, can take more than a week to process.
So, as you can see, there’s a lot that can hold up the payout process. And you could be waiting around for quite a while to see your cash, depending on the casino and your payment provider.
What are fast payout casinos?
In recent years, fast payout casinos have become the number-1 choice for players who want to receive their winnings quickly.
At an instant withdrawal casino site, players can request and receive their winnings within the same day. So these sites are great for players who want to spend their winnings right away.
As long as you choose a fast payment method, and your KYC documents are up to date, there’s no reason why you can’t get your hands on your winnings pretty much instantly.
KYC means ‘know your customer’. And every casino you join will ask you to send them some documents, in order to prove your identity. This usually involves sending them a copy of your photo ID (e.g. passport) and a recent proof of address (e.g. utility bill). So, in order to get your winnings on time, check with the casino that your KYC docs are all present and correct.
Apart from a faster cashout process, these best payout casino operators are no different from all the other great UK casino sites. You still get access to all the best games. Their websites are beautiful, modern and crisp. And you can access everything from your mobile phone or tablet. Plus, you can choose from a selection of the fastest payment methods, and get in touch with the site’s 5-star customer service.
Why should you opt for a quick withdrawal casino?
As we’ve seen, casino payout times can vary hugely. And this can leave players not knowing when their money will arrive in their account. Which, quite frankly, isn’t fair.
And because processing times can vary a lot from site to site, it’s best to choose a casino with quick payouts. So that you know exactly when your money will arrive.
Given that fast payout casinos still offer you an incredible iGaming experience, we don’t see any reason why you would stay with a more ‘traditional’ casino that holds on to your winnings for long periods of time.
Furthermore, by paying out customers’ winnings on the same day, this is a great display of customer care. And it shows that the casino takes good care of their players. So, again, we can’t see why you would go back to another site after you’ve experienced the excellent service of a fast withdrawal casino.
Finally, because these fast payout sites are gaining more popularity, it won’t be long before other casino operators follow suit. And someday in the future, maybe all casinos will pay their customers within the same day. Which would be great for players who want to go out and spend their hard-earned winnings instantly.