Getting Fast Casino Payouts
As well as accessibility, convenience and ease of use, most UK online casino players are looking for one thing when it comes to selecting the best payment method to use — and that’s speed. Whether it’s the time it takes you to get funds into your online casino account, or the speed with which you can withdraw and get hold of your cash, quick and easy payments are the key.
The online casinos that we recommend here offer players a variety of payment methods for both depositing and withdrawing, and we look at the quickest and most convenient ways of doing this for UK players, and give our advice on recommended payment methods for being able to get hold of your money without fuss and in a timely manner.
Check out our recommendations for the best UK online casino payment methods below:
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What should casino players be looking for in payment methods?
When it comes to selecting a payment method, you need to take the following factors into consideration:
- Security — Ideally, you want as few people as possible to have access to your personal and financial information, so this should influence the method you use.
- Privacy — Many of us might not be comfortable with having payments to our casino account appear on our bank or credit card statements, in which case an ‘arm’s length’ method is desirable.
- Accessibility and convenience — Most players are looking for a payment method that doesn’t require a great deal of time and effort to set up, and which can also be managed simply.
- Charges — We all know that banks and other financial institutions love taking money from us, so most of us are looking for a payment method that doesn’t incur significant charges.
- Speed — Above all, most UK online casino players are looking to be able to get funds into their accounts quickly, and to then be able to make a withdrawal without too much delay.
What is a fast casino payout time?
There are two main issues associated with the speed of payouts at online casinos — the processing time taken by the casino, followed by the additional processing time taken by your financial institution.
Online casinos will always require time in which to process withdrawal requests, especially for new players taking out funds for the first time. However, the time the casino takes to do this can vary considerably, from a matter of a few hours to up to 3 complete working days. It’s therefore important to read our casino reviews, and check out a site’s T&Cs, to find out what the average payout times are at any casino where you play.
Overall, we consider any online casino that processes your withdrawal requests within 24 hours of receipt to be in the fast payout category.
The other issue is connected to how long your bank, card issuer, or other financial institution then takes to process your payment once they get your funds. With credit and debit cards, it’s not unusual for banks to take at lest 72 hours before they release your funds, and bank wire transfers can take even longer. This can mean that, depending on the payment method you use, it can sometimes take between 7-10 working days in total before your cash clears when you make a withdrawal from some casino sites.
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Top 5 fastest casino payouts methods
Based on our extensive experience of playing at UK online casinos, below are our findings on the average payout times connected with the five most popular payment methods.
E-wallets are universally accepted at the UK online casinos that we list here, and although there are a growing number of these available on the market today, Neteller, Skrill and EcoPayz are the most popular and widely used.
E-wallets are the first choice for large numbers of casino players because they offer fast deposit and withdrawal times — when you add funds to your casino account using an e-wallet, these are available to play with instantly, and when you make a withdrawal, once it has been processed by the casino, you can generally get your hands on your cash straight away with no additional waiting time.
Despite walking away from the online casino industry for a number of years, PayPal is now back in the fray and is quickly becoming accepted as a payment method at many UK online casinos once again. PayPal is popular because many people already have an account so it’s very convenient and accessible, while it’s also easy to use and offers quick payment times.
Once your casino has processed a withdrawal request, funds are generally available in your PayPal account instantly. However, if you then want to transfer cash from PayPal to your bank account, you ned to take into account the processing time of your financial institution, which can be up to 3 working days.
Pre-paid and virtual cards
Pre-paid debit cards and virtual cards are widely accepted at our recommended UK online casinos, with the most popular being the EntroPay virtual card and PaySafe Card pre-paid.
Both of these payment methods have the advantage that, when they are used for deposits, funds are available in your casino account instantly. Withdrawals to EntroPay and other virtual Visa cards also have the advantage of funds being available instantly, once they have been processed by your casino.
However, PaySafe Card cannot be used to make withdrawals, and so if you do opt for this you need to be prepared to receive any funds you take out via bank cheque or direct bank transfer.
Credit and debit cards
All of the online casinos that we recommend accept credit and debit cards. Visa is the most widely accepted for both deposits and withdrawals, while MasterCard (including Maestro) will generally be accepted as a deposit method, but it is increasingly unavailable for withdrawals. A limited number of UK online casinos accept Diner’s Club and American Express, but these are very much the exception rather than the rule.
When you make a withdrawal to a bank-issued credit or debit card (as opposed to a pre-paid or virtual card), you can expect to wait anything between 3-5 working days before your funds are credited back to your card.
Bank wires, or direct bank transfers, can be used for both deposits and withdrawals at almost all of the online casinos we recommend. Money is taken directly from your bank account and transferred to the casino when you deposit, with the process being reversed when you withdraw.
However, this is generally the slowest method of moving money between your accounts. When you make a deposit using almost any other method, funds are generally available in your casino account straight away, but not with direct bank transfer, where it can take up to 3 working days. This is also the case when you make withdrawals when, in addition to the casino’s processing time, you can often expect to wait anything up to 5 more working days before your cash is cleared into your bank account.
The number 1 fastest casino payout method
In our experience, e-wallets provide the consistently fastest online casino payout times. They also come with a number of other advantages as well.
Firstly, using an e-wallet adds an extra layer of security to your online transactions. This is because if use a payment method such as Skrill, Neteller, EcoPayz or Click2Pay, you aren’t sharing any personal or financial information like credit card or bank account numbers directly with your online casino, and this means there is one less opportunity for this sensitive information to be hacked or stolen.
In addition, e-wallet accounts are free to set up and easy to operate, and they can be used for a huge variety of other online purchases and transactions beyond funding an online casino account. A further advantage is that you can add money to an e-wallet account in a variety of ways, such as using a credit or debit card, bank transfer or PayPal.
In terms of withdrawal speeds, we have found e-wallets consistently to be the fastest because once your withdrawal request has been processed by your online casino, your cash clears instantly – there is no additional waiting time as is the case with credit cards and other bank-based transfers. In addition, when you make a deposit at our any of our online casinos, your funds are almost always available in your account to play with straight away.
Online casino fast payout tips
The first and most important thing UK online casino players can do to ensure the fastest possible withdrawal times is to make sure that you provide all of the relevant proof of identity documentation, as this is the most common reason why casino withdrawals are delayed.
Because of international money laundering laws, online casinos are very strict when it comes to being able to satisfy themselves that you are who you say you are, so when you sign up and register, be as accurate as possible when providing personal information. Furthermore, when you come to make your first withdrawal request, read the casino’s T&Cs very carefully when it comes to the documentation they require, and make sure that you provide everything they request at the first time of asking, as any failure to do so can slow down the process of getting hold of your cash considerably.
The other important step to take is, of course, to choose a payment method with the shortest possible processing time (see our descriptions of various payment methods above).
Which casino payment method should I choose?
Overall, we consider e-wallets to be the best payment method to use at a UK online casino. This is because of the additional security they offer combined with the fastest deposit and payout times. PayPal is also a good option, although there is the disadvantage that moving money from this account to your bank account can incur some additional process time, but if you plan to keep your funds in PayPal for other online transactions, then this isn’t an issue so it’s also another highly recommended method.
Whenever possible, we avoid the use of credit and debit cards (although virtual cards are fine). This is because they tend to be slow when it comes to withdrawals, and many of us don’t like our spending being itemised on our statements. It also pays to be cautious about reducing the number of opportunities you give hackers to get access to your credit card numbers and, although most online casinos have very good security, it can be an unnecessary risk.
Direct bank transfer is never a method that we recommend, simply because it takes too long both to get your cash into your casino account, and it’s also very slow when you’re looking to take it out. If at all possible, we would suggest alternative methods for funding an online casino account.
When you’re making a choice as to which payment method you use, the following questions when combined with our findings above, will help you to make the right decision for you:
- How important is it for you for your deposits and withdrawals to be completed quickly?
- How important is it for you that your financial information is shared with as few places as possible?
- How important is it for you to keep your financial transactions private?