The amount of time it takes to get paid by an online casino can vary depending on a number of factors, such as the casino’s policies and the payment method you have selected. Each online casino has its own policies regarding payout processing times. Some casinos process payouts within a few hours, while others may take a few days or even up to a week. There are a few general factors that may impact how long it takes to get paid by the online casinos.
Before any withdrawal can be processed, most online casinos will require you to complete a verification process to confirm your identity and ownership of the payment method used. This process can take a few hours to a few days, depending on how quickly you can provide the necessary documentation.
The time it takes to receive your payout will also depend on the payment method you have selected. Some payment methods, like e-wallets and cryptocurrencies, are generally faster than others, such as bank transfers or paper checks. In that vein, let’s take a look at how long it takes for the average online casino to get your payment, depending on the banking option you’ve chosen.
Get paid by Bitcoin (The Fastest)
Getting paid by the online casinos using Bitcoin can be a convenient and secure option, more so – it is the fastest way to get your winnings out of the casino. If speed it the number one goal, you will not be able to finding anything faster than Bitcoin (or another cryptocurrency offered by the online casino as a withdrawal option).
Before you can receive payments in Bitcoin, you need to have a Bitcoin wallet. You can choose from various online or offline wallets that support Bitcoin. Once you have a wallet, you can request a Bitcoin payment from the online casino. Typically, the casino will have a Bitcoin address or a QR code that you can use to make the payment. The casino sends the Bitcoin payment and it will appear in your wallet in a matter of hours, sometimes nearly instantly. In turn, you can withdraw the Bitcoin to your bank account or exchange it for another cryptocurrency or fiat currency.
Not only is Bitcoin the fastest way to get paid by the online casino, it is also a unanimously fee-free option for the players. All of the top online casinos on our recommended list do not charge any fees to neither deposit no cash out your winnings using Bitcoin.
In general, most online casinos aim to process payouts as quickly as possible, but it’s always a good idea to check the casino’s policies and estimated processing times before making a withdrawal request.
Get paid via eWallet (Very Fast)
Another very fast option to get paid by the online casino is to use any of the ewallets offered by the casino. The drawback of this payment option is the availability and variety – some online casinos will accept certain popular virtual wallets, like PayPal, Neteller, Skrill, etc. But which one would be accepted at your favorite casino is up to its management to decide.
E-wallets are digital payment platforms that allow users to store and transfer funds electronically. They are popular payment methods for online casinos as they offer a fast, secure and convenient way to withdraw winnings.
To receive payments from an online casino using e-wallets, players will need to have an active e-wallet account and ensure that the casino accepts the e-wallet they are using. The most popular e-wallets accepted by online casinos are PayPal, Skrill, and Neteller.
To withdraw winnings from an online casino using an e-wallet, players will need to log in to their casino account, go to the withdrawal section, select the e-wallet as the preferred payment method, enter the amount they want to withdraw, and confirm the transaction. The casino may have a processing time of 24-48 hours before the payment is processed to the e-wallet account.
Once the payment is processed, players can access their e-wallet account and transfer the funds to their bank account or use the e-wallet to make online purchases. Some e-wallets may charge a small fee for withdrawals or transfers, so players should check the terms and conditions of their e-wallet account before using it to receive payments from an online casino.
Get paid through wire transfer (Slow)
In general, wire transfers can take anywhere from 3-10 business days to process and receive the funds, depending on the online casino and the bank’s policies. It is important to note that some online casinos may have a processing period before initiating the wire transfer, which can also affect the overall payout time.
Overall, bank transfer is a slow method of payment at the online casino, although it offers some of the largest amounts, besides Bitcoin. Therefore, the player must decide if speed is more important than the amount of withdrawal, and make their choice accordingly.
Getting paid by check (The Slowest)
The check withdrawal option at the casinos is by far the slowest way you can cash out your money. It could literally take weeks to get paid by the online casino if you choose this method. Typically, it takes anywhere from 1 to 4 weeks for the check to arrive by mail, depending on the online casino’s processing time and the location of the player. It also depends on how quickly the player deposits the check into their bank account, as well as any additional processing time from the bank. With such snail speeds, getting paid by check is the least recommended method of withdrawal.
In the end, which payment method you choose to cash out your winnings will highly influence the speed of getting your money. It is also important for players to review the casino’s payment terms and conditions, including the minimum withdrawal amount and any fees or charges associated with the payment method they choose. It is also important to choose a reputable online casino with a strong track record of timely and secure payments.