Even though thousands of online casino sites already exist, new ones are constantly being launched. To have a shot in this saturated industry, they use various strategies in order to compete with other casinos. This includes gamification, heavy marketing, no deposit bonuses and the promise of fast withdrawals.
But is it really a big deal for casinos to offer players fast withdrawals or could you pick any site and be satisfied with your choice? Our subjective opinion is that it doesn’t matter, though there are some use-cases for it. Let’s elaborate, but first, let us define what fast withdrawals or fast payouts actually mean.
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What Does Fast Withdrawals Mean?
The withdrawal time at a casino is commonly understood as the time it takes for you to receive any won money after requesting a cashout to your preferred payment method. However, when talking about casinos that offer fast withdrawals, it is their internal processing time that’s referred to. The time it takes for the payments department at the casino to approve the request and send you the money.
This is important to understand as once the money is sent, there is a transaction time that casinos have no control over. If you make a withdrawal to an e-Wallet like Skrill, the transaction time would be zero. However, cashing out to a bank, you can expect it to be 2 – 5 bank days.
So, What Is Considered to Be a Fast Processing Time?
This is subjective, of course. But when people search for the fastest payout casinos, what they generally find are casinos that either pay out winnings instantly or within a couple of hours.
In comparison, having played at and reviewed more than 100 online casinos, we can say that the average payout time at gambling sites is 48 hours. Many process withdrawals within 24, but there are also some that are closer to the 72-hour mark, which brings up the average.
Are Fast Withdrawals Important?
Is it important to have your requested withdrawal processed instantly or within a couple of hours, as opposed to waiting 24 – 72 hours? Well, that’s up for you to decide. We don’t think so, but there are a few arguments for it so let’s have a look.
It Instills a Sense of Trust
Knowing that you’ll receive your money quickly can act as stress relief and make you more comfortable playing at the casino. One could argue that you shouldn’t be playing at a site you don’t 100% trust in the first place. However, we know very well the feeling of winning big and even if we know the casino is safe, we aren’t entirely at ease until we actually have the cashed-out money in our pocket.
Can Be Convenient for Bonus Hunting
What’s bonus hunting, you ask? It’s a strategy where you go from one casino to another to make use of their bonus offers. Generally, it’s about the welcome bonus as this tends to be the most valuable offer at a casino. However, other bonuses may also be worth taking part of.
If you’re on a tight budget or just don’t want to have money deposited at several casino sites at a time, it can be good to do all of your bonus hunting at fast paying casinos. Then you minimize the time you have to wait to go from one gambling site to another.
It May Be a Sign of Quality
Perhaps the strongest argument for fast withdrawal casinos is the fact that they have the staff required and the internal processes in place that makes it possible to pay out quickly. This may be a good sign that the casino is of high quality.
If the process of processing withdrawals is impeccable, this probably means that the customer support is great as well and that other procedures within the casino are optimized, which will directly or indirectly affect your experience.
However, you can never take fast withdrawals as a certain seal of quality. For instance, if the casino doesn’t have a gambling license, it wouldn’t mean squat. But if it is licensed by the MGA, on the other hand, and also pays out fast, chances are that it’s a top-notch casino.
Conclusion
For most players, it is not important at all to play at a so-called fast withdrawal casino as casinos in general pay out winnings in a timely manner. But under certain, niche circumstances, such as bonus hunting, it can be convenient. It can also instill a sense of comfort and be used as a guideline when looking for a suiting casino to play at that will deliver a top-quality experience.
