Speeding Up Online Casino Payments
When it comes to online casinos, a major way in which they differ from their land based counterparts is when it comes to payments. At brick and mortar casinos players are able to deposit money into a machine instantly and withdraw funds from their players' club cards in a matter of minutes. Waiting times for hand pays of larger wins may take a while or even a few hours if you happen to win a major multi-million jackpot, but for the most part are still finalised on the same day.
While online casinos may accept deposits from players instantaneously, withdrawals are still a process that takes time. The amount of time it takes to receive your money will depend on which software provider is powering the online or mobile casino in question, the specific casino operator and the payment method you choose.
In this article we'll take a look at the above-mentioned aspects as well as why pending periods exist in the first place and tips on how to speed up the casino withdrawal process now.
Why pending periods exist
Some casinos pride themselves on offering speedy payouts (after all, it is a huge selling point to players) and as such don't try to hold on to players money, processing withdrawals as quickly as possible.
Others on the other hand take their time and this may be for a number of reasons including showing larger balances within their own bank accounts for business purposes or trying to increase their own profits through the delays. The latter is often achieved due to the fact the player gets impatient at not receiving their casino cash quickly enough and requests a reverse withdrawal which flushes their cash back into their player account and they end up playing it back to the casino. So for many the extended pending period is just part of their business model.
Withdrawal speed at various Online Casino Software Providers
For the most part, NetEnt casinos like Mr Green take just a few hours to flush withdrawals - even on big wins, while Microgaming powered casinos usually take between 24 to 48 hours to complete withdrawals. Playtech powered online casinos have the longest waiting periods for withdrawals which can range from 2 to 4 days and are also restricted to maximum limits of $10,000 a month at some casinos - try withdrawing a massive jackpot win with these terms!
There are however exceptions to the rule, and Playtech powered online casinos that are also sportsbook makers in the UK like William Hill Casino Club will process your withdrawals far quicker and these will not be subjected to a monthly cashout limit.
Withdrawal speed at various operators
As mentioned above, the casino operator also has a bearing on how quickly payments are processed. Operators that also run sportsbooks in the UK like Betway and William Hill Casino Club will always offer the fastest payouts.
However some casino only operators may only employ payment processing staff during week days and standard working hours so withdrawals requested over week-ends are put into an extended pending cycle until Monday morning. Other operators process payments over weekends which ensures that there are no delays, which is true of casinos like MrGreen.
When it comes to the speed of receiving your payment the method you choose does have some influence. Generally credit card, debit card and wire payments take a few days longer to reach your account while e-wallet payments like Skrill and PayPal are instant (once the payment process is complete that is).
Quick Tips on how to speed up online casino withdrawals
- Check on the online casinos terms and conditions to find out how long withdrawal processing takes before you play. Only play at casinos whose terms meet with your approval.
- Verify your account with the casino by sending through your documents which include proof of identity, proof of address and proof of payment (usually a scan of your credit card or screenshot of your e-wallet). Keep these documents on hand on your computer for any requests that arise.
- If withdrawals are in a pending cycle for more than 24 hours, contact customer support and request a manual flush.
- Use e-wallets like PayPal when playing at casinos to get your money quicker.