Gambling online has never been more popular than it is now. And if you’ve ever played at an online casino before, then you’ll know the joy of cashing out your winnings!
But, one thing that seems to have become a thorn in the side of casino fans is the cashout withdrawal time. This is the period in which the casino approves your request to cash out and processes it. And, unfortunately, you might be waiting around for up to 10 days to receive your winnings, depending on which payment method you use.
So, what is the average withdrawal time at a casino? And why are some players turning to fast payout casinos? And finally, why do payout times even matter?
What’s the average withdrawal time at an online casino?
The withdrawal time at the casino depends on two different factors. First, every casino has its own pending period. With some casinos dealing with cashout requests ‘by hand’. i.e. physical members of staff approve each withdrawal. That means that each casino can keep you waiting for between one and three days to even process your request.
After that, it comes down to which payment method you use to withdraw. As each one has a different waiting time for the process to complete.
For example, e-wallets tend to have the fastest turnaround. With some only taking 24 hours to go through. But, you must remember that this does not include the casino’s pending period. So you must add that time on as well.
On the other hand, payment methods like bank transfers can take up to 10 days. But, these are well known to be the slowest payment method on the market.
So, you must always add the casino’s pending time to the average processing time of the payment method you use. In order to calculate the overall waiting time for your winnings.
Plus, it’s worth keeping in mind that some casinos only process withdrawal requests on working days. So, if you request to cash out on a Saturday, you could wait even longer for the casino to start processing your withdrawal.
What is a fast payout casino?
In recent years, some casino brands have started listening to their customers’ concerns about withdrawal times. And this has given way to a string of fast payout casinos. Whereby you can receive your winnings in as little as 24 hours. Plus, this includes the casino’s pending period.
These instant withdrawal casino sites are becoming more and more popular. As players become irritated by casinos holding onto their winnings for far too long.
So, if you’re interested in a best payout casino, you can compare fast withdrawal casino sites here.
Why do payout times matter?
There are many reasons why payout times matter. It seems quite obvious to say it, but the main reason is that people want their money quickly!
But also, it often comes down to a matter of principle. It’s a little like when an online shop takes your money in an instant, but takes up to 30 days to issue a refund. It simply ends up leaving you with a bit of a bad taste in your mouth.
So, in the grand scheme of things, waiting a day or a week for your winnings isn’t such a big deal. But a lot of players want their winnings quicker because, quite frankly, it’s their money.
Furthermore, you might well have earmarked the money from your winnings for a special occasion or purchase. And you don’t want to spend days on end waiting around for money that has been promised to you.
In short, fast payout casinos are becoming more and more popular because players can rely on them. And you get your winnings ASAP. So you can spend the money as and when you want. After all, it’s yours to spend!