Most players only think about ways to get their money into casinos because they want to start playing as quickly as possible. Then when they hit a nice streak or a jackpot they start thinking about how to get their money out. Payout methods and speed vary from casino to casino. Here are the variables you need to be aware of, popular payout methods and some tips to improve your cash out wait times.
The first variable in how long it takes to get your payouts from an online casino is how long the in house processing time takes. The next variable is how long the individual cash out method takes. The next section deals with individual methods. The problem is usually how long it takes for each particular online casino to approve your withdrawal request. The only thing you can do about in house processing times is find casinos with good reputations for fast cash outs. You have already made a good start by finding the recommendations on this site and you will learn more as you play at different online casinos.
Casino Payout Methods
There are many different payout methods available when it comes time to take your money out of your favorite online casino or mobile gambling platform. Your options vary depending on where you live and your choice in withdrawal methods will have a great deal to do with how long it takes for your money to get back to you. Here are the most common payout methods and details about the length of time each will take.
E-wallets like Neteller and Skrill are by far the fastest methods of taking money out of online casinos. The money from your payout is basically instantly credited to your Skrill or Neteller account once the online casino approves the withdrawal request and processes it. Of course you still will need to get the money from your e-wallet account into your hand or into your bank account, but at least you have control of the money quickly. If you can use the money elsewhere directly from your e-wallet account then you are good to go. For example, possibly you need to make a deposit at another online casino in order to get a new bonus.
Bank wires and eChecks are popular payout methods because they are safe and the money gets put right into your bank account. The problem with both of these methods is that it can take up to a week or so after the withdrawal is approved to show up in your bank account. Of course it usually doesn’t take that long, but a few days are normal.
Paper checks delivered by courier are another popular payout method. Depending on where you live and where the casino is located, a paper check can take weeks to get to you. There is also the issue that they are often drawn on a foreign bank, which can create other issues, like your bank placing an additional wait time for them to clear. I once received a payout drawn on a foreign bank with the check actually in a foreign language. It took six months for the bank to clear the funds into my account. That was the last time I used a paper check from that casino.
Using the credit card you used to make your deposit is also an available payout method in some online casinos. These are just about as fast as the payouts listed above to an e-wallet account. Though I do not have concrete evidence of this, it seems like some online casinos take a bit longer to approve credit card payouts than they do to approve e-wallet cash outs.
How to Get Your Payouts Faster
As you have already learned above, the fastest way to get your money out of the casino is to use a fast withdrawal method and find online casinos with the best reputation for fast cash outs. There are a few other things you can do. The first is to try to plan ahead. If you know you are going to need some of your money out of the casino, make a withdrawal request for part of the money you have a week early so if there is a minor holdup it doesn’t create a huge issue for you.
The next option is to find out how to become a member of the player’s or VIP club where you are playing. Some VIP clubs offer special cash out services for their best members, so this is worth looking into. If you are a big player, depositing and wagering with thousands of dollars or more, you should definitely ask what they can do for you. Online casinos, just like the big ones in Las Vegas and elsewhere, understand the value of big players, so if one online casino won’t give you special considerations for faster payouts then find a casino that will.