If you’re a seasoned online gambler, then you will know first-hand that the process of withdrawing money out of an online casino can be a right pain-point. Most notably, this centres around the amount of time it takes to receive the payment. This is why it is crucial to find the fastest paying casinos currently operating in the online arena.

If this sounds like something that you would like to explore further, be sure to read our in-depth guide. We cover everything that we think you should know, such as how the online casino withdrawal process typically works and which withdrawal methods you are best off using, as well as some handy tips on speeding things up.

Online casinos with fastest payouts: How does it work?

Before we delve into the fundamentals, it is important to note that the online gambling industry in the UK is one of the most heavily regulated battlegrounds in the space. While this provides you as the player with water-tight safeguards, it also means that red-tape is plentiful.

At the heart of this is both the Gambling Act 2005 and the Money Laundering Regulations 2017 - which both dictate that all players that seek to open an account with the best online casino fastest payout sites must go through a process known as Know-Your-Customer (KYC).

This is why withdrawals often take as long as they do. Nevertheless, we have outlined the withdrawal process that you will typically experience when requesting a cashout from a fast paying casino.

  1. 72-Hour Grace Period

First and foremost, the fastest paying casinos will initially allow you to open an account without providing any ID. However, the request will come within 72 hours of opening the account, or when you make a withdrawal request - whichever comes first.

  1. Requesting a Withdrawal

When you do get around to requesting a withdrawal, you will need to do this via your fast payout casino UK account portal. Simply enter the amount that you want to cash-out, and choose the payment method that you used to fund your account.

  1. Uploading Documents

Once you have made the request - and assuming you haven’t already done so, you will now need to upload some verification documents. This will consist of a:

  • Government-issued ID (passport or driver’s license)
  • Proof of address (bank statement, utility bill, etc.)
  • Copy of the front and back of your debit/credit card (if applicable).

Your documents should be verified within 24-48 hours.

  1. The Processing Phase

Once your ID has been verified, you will then enter the processing phase. This is the period that sees the fast payout casino verify that your withdrawal is authentic and that no malpractice has taken place. Regardless of how many fast withdrawals you have previously made, the processing phase will always apply. The specific time depends on your chosen payment method - which we’ll discuss shortly.

  1. Transaction Processing

Once the withdrawal request has been accepted by the verification team, the best online casino fast payout site will then process it from their end. As such, you are then at the helm of the financial institution behind your chosen payment method (for example Visa, MasterCard, PayPal, etc.) Once again, the specific time-frame will vary depending on the payment method.

How long do payments take at the fastest paying casinos?

Quick payout casinos will typically offer a range of payment methods for you to choose. Each comes with its own pros and cons. For example, while some are better for faster withdrawals, others are more conducive for higher limits. Nevertheless, here’s a breakdown of how long it takes to make a cashout from the fastest paying casinos.

Debit/Credit Cards

Traditional debit and credit cards issued by the likes of Visa and MasterCard is still the most popular payment method utilised by online slot players. In the vast majority of cases, deposits are instant. However, the withdrawal process can be slow.

Firstly, processing times can average 24-48 hours, with the best online casino fast payouts sites usually achieving this on a same-day basis. Once the request has been approved, you should expect to wait a further 1-3 working days for the funds to be credited back to your card.

E-Wallets

When we talk about e-wallets, we are referring to the likes of PayPal, Skrill, and Neteller. In a nutshell, e-wallets are by far the quickest payment method when it comes to withdrawals, which is why we at BestRatedSlotSites.co.uk always recommend them.

First and foremost, the best online casinos with fast payouts will usually process an e-wallet withdrawal request within 6-24 hours. This is significantly faster than that of a debit/credit card. Secondly, once the e-wallet withdrawal has been processed, you should see the funds credited instantly.

Finally, if using an e-wallet like PayPal at your chosen fast withdrawal slots site, cashouts back to your bank account are also instant.

Bank Transfers

On the one hand, bank transfers are ideal if you are a high-stakes player that has a requirement to make huge deposits. However, it is also the slowest payment method by a country mile. Although the actual processing time remains constant at 24-48 hours, the actual time it takes to reach your bank account is extensive.

In fact, once the fastest paying casinos do authorize the withdrawal, you should expect to wait between 5-7 working days for the funds to arrive!

Tips to speed up casino withdrawals?

So now that you know how fast withdrawal casinos typically facilitate the withdrawal process, we at BestRatedSlotSites.co.uk are now going to give you some handy tips on how to speed up your cashouts!

  1. Always have your ID documents saved on a device

Firstly, it is a very good idea to have your verification documents saved to your device. You can either download them to a secure folder on your desktop or laptop machine, or alternatively, save them in your email account. The latter is probably more convenient, as you can always access them regardless of whether or not you have your device on you.

Nevertheless, as the KYC process is typically the same across the fastest payout online casino UK space, this will need to include your government-issued ID, proof of address, and front and back of your debit/credit card (if applicable).

Ultimately, this will save you from having to constantly scan your documents every time you join a new fast withdrawal casino. Instead, you can quickly obtain them from your chosen storage space!

  1. Submit documents as soon as you register an account

Following on from the above point, we would strongly recommend that you submit your KYC documents as soon as you open an account. As we briefly mentioned earlier, fast payout casinos UK will ask for this when you first make a withdrawal request - or when your account has been opened for more than 72 hours. Either way, why wait?

By submitting your documents straight away, your account will be verified long before you are required to make a cashout. When you eventually do, you will bypass the initial lock-up period as you have already been identified!

  1. Use an e-wallet to deposit and withdraw funds - fastest payment method available

Finally, if you’re looking to receive your funds in the quickest time possible, we would suggest that you use an e-wallet. Don’t forget, you will be required to withdraw your winnings back to the same payment method that you used to fund your account, so make sure that you use an e-wallet when depositing. In our experience, the fastest withdrawal online casino sites will usually offer at least one e-wallet - sometimes more.

FAQs

How long does it take for the fastest payout online casino sites to process a withdrawal?
This depends on the payment method. While debit/credit cards and bank transfers usually take 24-48 hour hours, e-wallets are usually processed on the very same day.

Can I ask the casino to give my withdrawal priority?
Unfortunately not, as if they did, everyone would be asking for priority! The only players that get priority automatically are those carrying a status of VIP.

Do the quickest payout online casinos process withdrawals over the weekend?
This depends on whether or not the casino’s payments department works over the weekend, as withdrawals are usually processed manually.

Are there any same day payout casinos?
Online casino quick payout sites will usually process your withdrawal request the same day if you are using an e-wallet like PayPal or Skrill.

What is an instant payout casino?
An instant payout casino is an online gambling site that claims to process withdrawals instantly. However, the only sites that are able to do this are ones that specialize exclusively in cryptocurrency deposits and withdrawals.

Can I withdraw my deposit bonus out?
You can only withdraw your casino games deposit bonus out when you have [A] met the minimum deposit amount and [B] met the wagering requirements attached to the bonus funds.

Charles Baxendale (BSc, MSc Mathematics and Computer Science)

Charles Baxendale

(BSc, MSc Mathematics and Computer Science)

A keen researcher in the development of methods and theories for computer sciences. A lover of algorithms and mathematical computation. Consultant to online slots software companies and a player in my spare time.