There are a lot of reasons to pick an online casino, but for a lot of people the speed of withdrawals is up there with the most important factors involved in making the decision.
Along with issues such as the type of games available and whether or not there is a VIP rewards scheme, casino players like to feel assured they will not have to wait for withdrawals.
After all, if you are lucky enough to land a big win at the online casino, the last thing you want is to have to wait a long time to get your hands on the money that you have won.
But it’s not only the deposit and withdrawal speeds that should shape your decision. Using a best crypto casino for aussies or some other loyalty offer.
With that in mind, this is our complete guide to the fastest online casino payments around.
E-wallets
Without a doubt one of the fastest payment methods to use at online casinos, e-wallets have grown in popularity at a rapid rate over the last decade or so.
Options such as PayPal are very handy for those who want a fast withdrawal, with the money able to be transferred from a casino account into the e-wallet within a matter of moments.
Another great reason to use e-wallets as a payment method at the online casino is that there are not usually any fees involved, whether a player is making a deposit or a withdrawal.
PayPal is the best known e-wallet when it comes to payments at online casinos, but there are other good options such as Neteller to think about in this area as well.
Cryptocurrency
An increasingly popular online casino payment option is cryptocurrency, which like e-wallets promise virtually instant speeds when it comes to withdrawing money out of accounts.
The major downside, though, is that a lot of online casinos do not yet allow cryptocurrencies to be used, which could restrict the options available to those who want to use options like Bitcoin.
While Bitcoin is the top cryptocurrency that most people will have heard of, it is not the only cryptocurrency that can be used to make deposits and withdrawals at online casino sites.
A major benefit of using a cryptocurrency for payments at online casinos is the fact it is anonymous. This means users do not have to share any of their personal or financial information with the online casino, which is a big tick in the box for a lot of individuals.
Bank transfers
For those who want to keep it traditional for their online casino payments, bank transfers continue to be a good option.
However, it is fair to say this is not the fastest way to get money out of an online casino account as it can take a few days, in some cases, for the money to be released.
That period can be even longer in the event of the online casino carrying out identification checks, which are commonly done when making a withdrawal for the first time.
While this is important for safety and security, it does mean those hoping to withdraw winnings out of their account might be waiting for a few business days for it all to go through. Having documents for ID checks ready to show if needed can help to speed up the process, though.
And as bank transfer withdrawals are not usually processed over the weekend, anyone who wins big at the online casino on a Saturday or Sunday might face an even longer wait.
Debit card
Closely associated with bank transfers as an online casino payment method is the debit card.
Still one of the top ways to make deposits and withdrawals despite the rise of e-wallets and cryptocurrency, among other options, debit card transactions are usually completed a little bit faster than bank transfers.
While it can still take a couple of days for the money to appear in a players bank account, this is a relatively speedy way for winners to get their hands on their casino balances in a hurry.
More people are likely to move away from using debit cards in search of finding the fastest online casino payment methods, but it is still a solid option to choose to make withdrawals.