Are you thinking about gambling online? With the closure of casinos across the United States and Europe, gamblers feel the itch to get back to the slots and tables.
However, with many European countries going back into lockdown, the chances of brick-and-mortar casinos becoming operational fade with every passing day.
Failures in the vaccine rollout and renewed outbreaks caused countries like Germany and the UK to re-introduce “lockdowns.” As a result, most gamblers concerned with their health find themselves migrating to online gambling platforms to get entertainment.
However, it’s important to note that not all online casinos are legit, and they vary in their offerings. Getting paid out is the biggest concern for any gambler visiting an online casino.
The last thing you want is to wait for 30-days for your winnings to reflect in your account. If you want the best online gaming experience, you need to check out a casino offering fast casino payment methods.
What are the Types of Casino Payment Methods?
A fast payment casino offers you a payout in less than 24-hours, and some are faster. Let’s unpack the payment methods available for cashing out your winnings.
Cash Withdrawals
Cash withdrawals are only available from brick-and-mortar casinos. However, getting paid out online is a different experience when you’re using dollars or Euros as your preferred currency. Institutions offering payouts in fiat currency require you to comply with KYC laws.
As a result of these policies, it might take 48-hours to 72-hours for your withdrawal to reflect in your account. If it’s the first time you’re withdrawing, you might have to wait up to seven business days for funds to reflect in your account – that’s not so fast.
Let’s look at a few methods for the fastest payouts.
Payment Cards / Gift Cards
Many casinos will offer you a payout with a gift card or payment card. They load the funds into the card, and they’re available immediately. Typically, this method is useful for amounts under $100.
There are dozens of gift cards available for use on Amazon and other e-commerce sites. Check for the list of payment cards and gift cards available to you at your online casino’s cashier.
e-Wallets
PayPal and Stripe are examples of e-wallets that make receiving your payment easy. Check to see if the cashier at your online casino accepts e-wallet deposits and withdrawals.
These e-wallets offer instant payments, and you’ll receive a payment notification a few minutes after claiming your e-wallet withdrawal.
Cryptocurrency
With Bitcoin reaching new highs over $60,000 in 2021, more people are flocking to this digital asset class. Cryptocurrencies are ideal for online gaming. With crypto, you get anonymity and privacy online, and the government can’t tax your winnings.
Cryptocurrencies use a “blockchain” to process payments. Currently, Ripple is the fastest crypto network, processing 1,600+ transactions a second. However, most other cryptos like BTC and ETH offer you instant payouts from your online casino. The transaction is seamless and reflects in your wallet in less than 5-minutes in most cases.
What Is the Fastest Payment Method for Withdrawing from Casinos?
If you’re going to withdraw from an online casino, choosing the right payment method for your withdrawal can save you time and plenty of hassle. If you’re going to choose one payment method, we recommend going with crypto or e-wallets for the fastest payouts.
Check for KYC Before Withdrawing
Before you deposit into your online casino, make sure you check out the casino’s policies regarding Know-Your-Customer (KYC) legislation. Some online casinos, especially those that require you to create an account, need you to comply with KYC.
You’ll need to give them a copy of your photo ID, and some might even ask you for proof of address. These KYC policies are meant to prevent money laundering. If you want to evade this step, we recommend going with a cryptocurrency casino supporting payments in crypto.
Failing to issue the casino with your KYC information may dramatically stall your withdrawal request.
How Long Does It Take to Process a Withdrawal at No Verification Casinos?
No verification casinos are the best choice for evading KYC policies. These casinos don’t require you to provide your ID documents or proof of residence when making a withdrawal.
