Online casinos allow their players to choose from many different banking methods. Deposits are almost always instantaneous. But, getting your money back from blackjack casinos can take a while.
Classic withdrawal methods, in fact, can take up to several days! That’s hardly ideal if you want to start enjoying your winnings early.
Fast Paying Casinos
Credit – Debit Card Visa/Mastercard
For speedy payouts the good all credit and debit card are king, as soon as they are processed is pretty much instant on your card ready to use.
Trustly is a banking method that first entered the online casino market as a way of making a quick deposit. It allows you to work with your bank account even if you don’t have or want to use a credit card or a debit card. Even better, it allows you to do that quickly from both desktop and mobile devices.
Recently, Trustly has started to appear as a withdrawal method at online casinos as well. You can simply request a withdrawal through Trustly.
Your money will be on its way back to your bank account almost immediately. That doesn’t mean that you’ll get it back immediately, though, as a lot depends on what the exact banks are.
Under the correct circumstances, the casino will pay your money back almost instantaneously or in a few hours. Under bad circumstances, on the other hand, things can take up to 2 or 3 business days. All this assumes that you’ve cleared all the KYC (know your customer) processes. If you haven’t, add one more day to the tally.
Skrill (formerly called Moneybookers) is an e-wallet that’s been with us since 2001. Since then, it’s been helping casino players with quick and easy deposits and withdrawals.
Skrill has a wide network of online casinos it works with, which means that it’s a good idea to open an account. You can use it at the best European online casinos but not Australian online casinos, and also missing US Casinos.
Skrill processes withdrawal instantaneously, which means that you can, in theory, get your money back in a matter of seconds. In practice, it’s down to the given online casino and how quickly it can clear your request.
The best online casino is able to clear it in hours at max, so you’ll get your money back in hours at max. You can then transfer the money to a different online casino.
Use Skrill’s prepaid card to pay at merchants, or request a withdrawal to your bank account. While the former two options work in an instant, a withdrawal to you bank account can take up to 3 business days.
Neteller is an alternative to Skrill that works essentially the same. Virtually all online casinos that accept Skrill transactions accept Neteller transactions as well, so it’s up to you to choose which one you prefer. There are slight differences in user interfaces and small details, but deposits and withdrawals work the same.
Neteller does not delay its withdrawals. Once an online casino initiates a Neteller transfer from its account to your account, the transfer takes a matter of seconds. Again, it’s down to how quickly the online casino is able to process your request.
You should get your money in hours at most. Though you should make sure to clear all KYC processes beforehand. Those will get in the way during your first payout. For example, online casinos must complete those processes before sending their customers money.
PayPal is perhaps the most popular e-wallet of them all. This might be the first time you’re hearing about Skrill and Neteller, but you’ve surely already heard about PayPal. So why aren’t we listing PayPal at the top?
It’s because PayPal has never enjoyed the same popularity as Skrill and Neteller at online casinos. PayPal isn’t as active when it comes to offering its services to online gaming services, so it’s no wonder that it’s not on offer at a lot of places.
PayPal withdrawals take the same amount of time as Skrill withdrawals and Neteller withdrawals. The actual PayPal transactions take only seconds, so it’s all about the online casino itself. The best online casinos will get you your money back in a matter of hours, while some will take up to one business day.
Bitcoin is the leading cryptocurrency and one that’s been with us since 2008. It features a learning curve and you need to buy Bitcoins first in order to be able to work with the cryptocurrency. At the same time, it might just be the future of online casino gambling for many reasons.
Unlike other banking methods, Bitcoin is anonymous and leaves no paper trail behind. That’s great for online casinos. You don’t even have to open any accounts if you don’t want to. The Sportbookcasinos.com team recommends Bitcoin wallets; BTC make transactions way easier.
Bitcoin also allows for quick and easy deposits and withdrawals. The best Bitcoin online casinos can send you your Bitcoin payout in a matter of minutes without any additional fees. Withdrawals are instantaneous most of the time. There can be delays depending on how many Bitcoin transactions occur worldwide.
Once you get your payout back to your Bitcoin address, you can do whatever you want with it. Paying in online shops that accept Bitcoin is easy, but you’ll have to go through a Bitcoin exchange if you want to get hard cash. That will tack on a business day or two to your withdrawal.
We must also note that the price of Bitcoin can fluctuate widely. It changes between your deposit and withdrawal, which will change how much you’ll actually get in the end. That can be a good thing or a bad thing, depending on how risk-averse you are.
Other Cryptocurrencies (Bitcoin Cash, Litecoin, Ethereum)
Some online casino sites don’t focus only on Bitcoin when it comes to cryptocurrencies. The best online casinos also accept cryptocurrencies like Bitcoin Cash, Litecoin, and Ethereum.
There’s little point in us going through all those cryptocurrencies individually, as they work as Bitcoin at their core. There are certain differences in their protocols that you should be aware of, however. Some cryptocurrencies aren’t as anonymous as Bitcoin, for example.
There are also differences in the valuations of the different cryptocurrencies. Some fluctuate more, some fluctuate less, etc. Also, Bitcoin is the most popular cryptocurrency. You can use it for online shopping as well, while that option almost doesn’t exist for Bitcoin Cash, Litecoin, and Ethereum.
Withdrawals can be a bit of a hassle at online casinos. They don’t have to take long if you use the fastest withdrawal methods. If you want to be able to use your money for something different than online casinos, consider using Trustly.
That way, you’ll get the money straight back to your bank account. If you want to transfer your money somewhere else, e-wallets are even faster for withdrawals. You can get your money back in hours through e-wallets, which is fantastic.
Cryptocurrency withdrawals can then be even faster and the best Bitcoin casinos process them in minutes!