Online casinos are one of the most popular – and most lucrative – sectors of the entire gambling industry. The sector has undergone rapid expansion in the last few years and there are now tons of online casinos competing for customers.
In order to differentiate themselves from their competitors, online casino brands develop special bonuses and benefits for players. Some do this by offering extensive welcome bonuses and healthy VIP loyalty programs. Some offer exclusive games or build state-of-the-art live casino games. Others have introduced a fast withdrawal system.
Playing at fast withdrawal casinos means that you always have rapid access to your funds, which is a huge plus for many people. In this guide, we’ll explain everything that you need to know about fast withdrawal casinos, how they work and some of the factors you need to consider when choosing an online casino of any kind.
What are fast withdrawal casinos?
A fast withdrawal casino is an online casino that processes player withdrawals as quickly as possible. In most cases, fast withdrawal casinos release withdrawal funds in less than 24 hours. Depending on the casino and payment method, it can even be as fast as one hour, or instantly! It’s incredibly handy for those players who like to use their casino winnings for the occasional small impulse purchase like a portable Bluetooth speaker or a cool pair of shoes.
The speed of withdrawals is the only difference between fast withdrawal online casinos and regular online casinos. Players still have access to all of the same games and the casinos are held to the same licensing standards.
Verification
Verification is the process that online casinos take to make sure that the owner of an account is who they say they are. This ensures that payments go to the right person and also protects online casinos from cybercrime involving fake accounts and bots. It can be a long process but it is essential for both the player and the online casino.
The process of verification falls under each online casino’s Know Your Customer (KYC) policy. Typically, players need to provide proof of identity, age and address. While players can submit this documentation instantly, the verification of authenticity of the documentation is what takes time.
Fast withdrawal casinos aren’t exempt from KYC regulations. Usually, the first withdrawal a player makes takes much longer to process. Once the KYC policy has been met, future withdrawals can be processed in the expected amount of time.
Withdrawal limits and fees
The majority of online casinos have withdrawal minimums and maximums. If there is a withdrawal minimum, it usually depends on the payment method. There are typically three categories of withdrawal maximums – daily, weekly and monthly. In most cases, withdrawal maximums are quite high, so they aren’t a serious problem for players.
Not all fast withdrawal online casinos have fees but many do. Sometimes, the fees depend on the withdrawal method. While fees are annoying, they typically are there to discourage players from making excessive small withdrawals. This is because that behavior can sometimes be an indicator of fraud.
Fastest payment methods
Online casinos tend to accept a wider range of deposit methods than withdrawal methods, so players aren’t stuck having to use the same method for both. If you prefer to use bank or wire transfers for deposits because of how secure they are, there’s no reason to stop doing that just because they aren’t the most efficient withdrawal method.
The fastest withdrawal methods tend to be payment apps. Skrill, Neteller and PayPal all have very good reputations as payment methods, with strong customer protections in place. All three of these e-wallets are capable of processing a withdrawal from an online casino in under 24 hours. Credit and debit cards are another popular option for fast withdrawals. In fact, Visa recently introduced a program called Fast Funds that allows customers to receive payments more quickly.
How to choose a fast withdrawal casino
Picking an online casino can be a time-consuming process since there are so many to choose from and many of them have great games libraries and very attractive bonuses. Use the following factors to help you narrow down your list of potential online casinos and streamline the process.
First, check that the online casino is fully licensed to operate in your region. For players in the UK, any online casino needs to be licensed by the UK Gambling Commission. Licenses protect players and the casino, so they’re very important. Alongside the license, look in the address bar for a lock icon. This will indicate that the site is encrypted. This is a key security measure for any site where you enter financial information.
Next, check out the games library. You’ll want to choose an online casino that has a good variety of games and plenty of your favorites. If you’re new to online casinos and don’t know what you like, look for a library that has titles from the leading game developers. These include NetEnt, Microgaming, Red Tiger, Yggdrasil and Play’n GO. Take a peek at the bonuses that are offered too – these can really sweeten the deal with a new online casino.
Last but of course not least, confirm that it is a fast withdrawal casino! These steps should ensure that you find a legitimate online casino with plenty of games to keep you entertained. The fast withdrawal casinos we’ve listed below are some of the sites that have already passed all of these steps and are highly rated by players.
Highly rated fast withdrawal casinos
Duelz
Duelz is one of the top fast withdrawal casinos for UK players. It has a huge games library, including a wide range of live casino games. Its games are sourced from leading developers, including the top titles from NetEnt and Red Tiger. Players have complained, however, that there is no way to filter the library by provider, which can make it difficult to track down new games.
Mr Vegas
Mr Vegas is a favorite among players because it is a great site that is consistent in its customer support and ease of use. Alongside its large selection of slot machine games, it also offers table games, video poker, Keno, bingo and live casino games. Mr Vegas does not have an app but the site is fully optimized for both desktop and mobile.
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Betway
Betway is one of the UK’s original online casinos and it has used its time in the industry to create an online casino that keeps players coming back for more. Its games library has all of the game types and titles that you’d expect from a top casino. Betway uses top of the line security software to protect their players.
MrQ
MrQ is a relatively new online casino that offers fast withdrawals. The site runs on Thunderkick, which is a top platform for online casinos. It also employs random number generator (RNG) software to make sure that all of its games are fair for players. While it does have a responsive customer support team, it is only contactable during a limited window. In an age in which 24/7 customer support has become the norm, this is disappointing.
