Fast-Payout Online Casinos
Do you know what’s more fun than winning big at a casino? It’s spending the money you won. Of course, you need to withdraw your money first. Nobody likes to wait forever for the money to hit their pockets. So, if you want to spend your winnings quickly, you’d better start looking for fast-payout casinos where you can withdraw your winnings as quickly as possible.
Fast-Payout Casinos in South Africa
- Unique game library
- Live Dealer Games
- Generous welcome bonus
- EFT support
- Crypto deposits and withdrawals
- Frequent promotions
- Small number of games
- Many games don't work with bonus funds
- Some unclear bonus terms
- Self-exclusion only possible via support
- No ownership or license information available
What Makes Payouts Faster at Online Casinos?
What makes payouts fast? Many things influence the time it takes for your winnings to reach your pockets, from the country where the casino is based to the payment methods you use.
Payment Methods
A lot depends on the payment methods used by casinos to send you your money. Some of them are inherently faster than others:
- eWallet payments like PayPal are instant, you get your money within minutes
- Cryptocurrency transfers are also instant
- Prepaid voucher withdrawals also take a few minutes to a couple of hours
- EFTs and wire transfers can take a few working days to be completed
But don’t let the short withdrawal time fool you. In some cases, getting your money involves extra steps. International eWallets like Skrill and Neteller take their time when sending the money to your bank account. In the case of cryptocurrency, you may lose some money when exchanging them into rands. And in the case of prepaid vouchers, your options for spending them can be limited.
Sometimes, choosing an EFT with its 1-3-day processing time can be faster and cheaper than an eWallet.
Wagering Requirements
One of the conditions for you to be able to initiate a withdrawal is for you to not have any pending bonuses in your account. This means that, before you can pocket your money, you have to complete any and all outstanding wagering requirements. You can check your bonus balance and your wagering requirements left to complete if you access your account at the casino.
Verifications
If you want to withdraw your winnings, you will need to verify your account first. This can mean different things depending on the casino:
- Offshore casinos ask for a generic KYC (Know Your Customer) verification of your identity and address
- South African casinos use FICA-compliant verifications that are basically KYC, perhaps with some extra steps
- Both of them can ask for further proof of your identity and ownership of the payment method used, like photos of your bank card, screenshots of your eWallet account page, and so on.
Fraud Detection
Online casinos have rules that apply to your use of bonus funds and wagering requirements. These are all listed in their Terms and Conditions with the provision that breaking them will forfeit your bonuses and any winnings you get while using them. Before you withdraw, casinos will review your gaming history to see if they find any sign of fraudulent activity. This can occasionally take some time, from a few hours to a day or two.
Pending Period
At some casinos, your withdrawal requests will not be processed on the spot - the casino will keep your withdrawal request in a “pending” status for 24 hours. The reason? If you change your mind, you can instantly reverse your withdrawal request.
How To Make Your Withdrawals Faster?
As you can see, withdrawals will always take some time to complete. But you can make it faster. Here’s how:
1. Choose a Reputable Online Casino
Legitimate online casinos have clear procedures in place to handle withdrawal requests and won’t make you jump through hoops to get your money.
2. FICA or KYC your account early
You don’t have to wait for the withdrawal request to complete verifications. Get them out of the way as soon as you can.
3. Consider fees and other delays
Think of how much time it takes for your money to go from the casino to the eWallet and from the eWallet to your bank account. Also, consider the cost of withdrawing from the wallet, or the exchange rate if you’re using cryptocurrency.
4. Do not try to break the rules
The casino will review your gaming activity before approving your withdrawal, and anything fishy can only cause more delays.
Fast-Payout Casinos FAQ
What is a fast payout?
A fast payout refers to the speed at which an online casino processes and completes your withdrawal request, allowing you to receive your winnings quickly. Fast-payout casinos typically offer quicker processing times, with some methods allowing you to receive your funds almost instantly, while others may take a few hours or days.
Does any casino have fast payouts with no verification?
No, all legitimate online casinos require some form of verification before processing withdrawals. This is part of their Know Your Customer (KYC) or FICA (for South African casinos) processes, which are necessary to verify your identity and ensure the security of transactions. Without verification, casinos cannot process your withdrawals, regardless of how fast their payout system is.
What documents do I need to submit before I can withdraw?
You typically need to submit the following documents for verification:
- A copy of a government-issued ID (like a passport or driver's license) to verify your identity.
- Proof of address, such as a utility bill or bank statement, to confirm your residence.
- Proof of payment method ownership, which might include a photo of your bank card, a screenshot of your eWallet account page, or similar documentation depending on the payment method you used.
Is there a pending period?
Yes, some online casinos have a pending period for withdrawals. During this time, your withdrawal request is held in a pending status, usually for 24 hours. This delay allows you the option to reverse your withdrawal request if you change your mind and want to continue playing with the funds.
Do I need to pay any fees for my withdrawal?
The fees associated with withdrawals depend on the payment method you choose. Some methods, like eWallets or cryptocurrency transactions, might involve additional fees or unfavourable exchange rates. It’s important to consider these potential costs when selecting your withdrawal method to ensure you’re getting the most out of your winnings.
Which payment method offers the fastest withdrawals?
The fastest withdrawal methods are typically eWallets like PayPal, Skrill, or Neteller, as well as cryptocurrency transfers. These methods can process withdrawals almost instantly, sometimes within minutes. However, for large withdrawals or when transferring from an eWallet to your bank account, additional processing time may be required.