Players decide for or against an online casino based on various criteria. Sometimes a fast payout is the most frequently mentioned reason when it comes to choosing a new virtual casino. Of course, it is primarily the range of games that decides whether you register with the provider or not. However, you want to have your winnings paid out quickly. Here we introduce you to the best online casinos with fast payouts.
Top 10 Fast Payout Casinos
That is why a fast payout is of great importance
For many players, the fast processing of a payment request is of great importance. However, there are a few other criteria that players attach great importance to when paying out winnings. A short transaction processing time is not the only feature that speaks for or against a provider.
The following criteria are important:
- Type of verification (is a copy of an ID document sufficient or does video verification have to be carried out?)
- Are different payment service providers available?
- Security (Is the data transmitted encrypted?)
- What is the transaction processing time?
- Are there withdrawal limits?
- Are there any fees for withdrawals?
It is important for players that several payment methods are available in the online casino. So you can choose which one best suits your needs. In the meantime, eWallets are often chosen for deposits and withdrawals, because the transactions usually work smoothly and without long waiting times.
The online casino may charge transaction fees for withdrawals. Sometimes the payment service provider will hold up and ask for a fee. Of course, it is best if there are no costs for withdrawals and deposits.
Another factor that speaks in favor of online casinos with fast payouts is that there are no limits. It should also be noted here that both the casino and the payment service provider can limit the amount of money transfers. For example, if you can only have winnings paid out from an amount of €100, small winnings will fall by the wayside and you won’t get your money.
The other way around, however, it can also be the case that, for example, in the case of a high jackpot win, the amount cannot simply be booked from the player account. Some providers have daily limits, weekly or even monthly payment limits. These should at least be generous, otherwise the profit can only be withdrawn bit by bit in small steps.
In short: The ideal online casino has several secure, fee-free payment methods to choose from, offers generous limits and has short processing times. If all these criteria are met, the player can have the best experience with payouts in the online casino.
How to request quick payouts at online casinos
You have won in the internet casino and want to pay out your winnings? Then you have to request a payout first. We would like to explain to you exactly how this works here.
Requesting a withdrawal at the online casino
Check profit in account
All your winnings are displayed and accumulated in your player account. So check if the displayed amount is correct. In the event of any inconsistencies, customer service should be contacted immediately. Sometimes it helps if you take a screenshot as soon as you hit a bigger win. Under certain circumstances, it can serve as proof for support.
Pay attention to the payout limit
Does your online casino have a withdrawal limit? In this case, only a payout over the maximum specified amount can be requested. In most cases, the relevant information can be found directly in the checkout area or sometimes in the general terms and conditions. It is good if you have informed yourself before registering.
Apply for a payout in the online casino
Navigate to the cashier area of your online casino. Here you will find the ‘Deposit’ and ‘Withdraw’ sections. If you want to withdraw money from the player account, you must of course go to Withdraw at this point. Enter the desired amount that you want to have transferred to your account. Choose the payment method you would like to use. You then have to confirm the request. Most of the time, the payout is booked through the service provider that already made the deposit into the casino. You can also request the withdrawal directly from the support team by writing an email, using the live chat to contact them or by calling them if necessary.
If your player account has not yet been verified, you must now identify yourself using the KYC process before support can approve the transaction. In the online casino Germany, the VideoIdent procedure is now mandatory when registering. With the providers from our top ten, you only have to go through the verification when you pay out. Support expects a copy of your identity card or another official document.
Sometimes a current proof of address is also required. This can easily be done by submitting a utility bill. Here, for example, the telephone bill, mobile phone bill, electricity or gas bill come into question. The provider only compares the address details given with those on the invoice. If you do not want the online casino to receive information about your fees on the bill, you can black out these areas before submitting them.
Payout is checked
In the next step, the online casino checks your application. Once all the required documents are in place, the transaction will be processed and payment will be authorised. It depends on the payment method you have chosen, how long it takes for the amount to be credited to your account. eWallets and credit card accounts are usually very quick.
That is why verification is required
Withdrawal requests cannot be made by online casinos without verification. Due to their licenses, the operators are obliged to first verify the identity of their players before paying out. In particular, it is the Anti-Money Laundering Act that prescribes this procedure. Withdrawals must be verified using a KYC process. At the online casinos with fast payouts in our TOP 10 casino list above, the verification via VideoIdent procedure is not applicable. Nevertheless, it is mandatory to go through a verification here as well. However, it is sufficient to send in a copy of your ID and a current invoice or to upload it using the contact form.
The duration of a payout
The processing times for withdrawals in online casinos vary from provider to provider. There is often a set period of time in which you can cancel the withdrawal request. So this has to elapse before the online casino becomes active at all.
Furthermore, the payment service providers sometimes cause delays in a payment. For example, incoming payments to credit card accounts or normal bank transfers are also checked by the bank. This can take a few days. It is not uncommon for processing to take between six and eleven days when profits are posted to a checking account or credit card account.
Trustly’s InstantBanking is now a very good payment method, with which payments are now also possible. Even the payment service provider Paysafecard (see here ) now has an e-wallet solution up its sleeve that makes faster money withdrawals possible.
What a lot of people don’t know either: Payouts are given preferential treatment in online casinos if you have VIP status. So if you play frequently, you can count on your winnings on the account faster. In this case, the casino provider even takes over the bank fees that often arise.
Reasons for delays in online casino withdrawals
Sometimes payouts in the online casino take a little longer and there are unpleasant delays. At this point we would like to inform you about the most common reasons for a withdrawal delay in the casino.
Failure to comply with wagering requirements
Probably the most common reason for a transaction delay is not complying with the bonus conditions. To the annoyance of some players, a payout is rejected because the wagering requirements have not been met or not fully met. Unfortunately, this often happens because players do not do their research before claiming a bonus. Sometimes the bonus turnover conditions are in a foreign language, formulated vaguely or simply not sufficiently understandable.
In most cases, however, the players do not read the sales conditions at all or only read them briefly. In this case, the casino is absolutely right to refuse a payout, because the wagering requirements are part of the contract you enter into with the provider when you claim the welcome bonus, for example. There is very little chance of counteracting this here.
exceeding the limit
Some casino operators have set a minimum or maximum withdrawal amount. This must not be undercut or exceeded when making a request. Most virtual casinos provide this information right in the cashier area, so there shouldn’t be too much confusion here. However, some payment providers have also set certain limits.
In most cases, however, the casino has lower withdrawal limits than the payment service provider, which is why there are hardly any problems in this regard. The only way this can happen is when a player plays at multiple casinos and uses the same payment method everywhere. Then there can be overlaps with several active transactions and the bank can refuse to process the payment.
However, there can also be delays if the online casino only allows a certain number of payouts per week or even monthly per player. If you have already requested money from your player account several times within this period, the next payment may be delayed or fees may apply. The player then has to wear it.
Time limit exceeded
As soon as you initiate a payout process, you should carry it out quickly and confirm it at the end. The process is aborted by the operator if it takes too long to run or the player has not been active in the meantime. In this case, you have to start the payment request again from the beginning. Most providers have set a fixed time frame in which a withdrawal request must be processed. If it takes too long, the process is aborted.
Account verification not complete
It also often happens that the players have not yet fully verified themselves and the transaction is therefore delayed. With many online casinos that have an EU license, it is sufficient to upload a copy of your ID or send it by email. Sometimes you will also be asked for an address verification, for which you have to send a current bill (e.g. telephone, gas, electricity or similar). Your request can only be checked and processed once the KYC process has been completed. The proof of identity process is only required once. The verification is then still valid for later money requests in the casino and is considered completed.
Payment method not allowed
Normally, an online casino only pays out winnings to the account from which the deposit was made. With Paysafe-Card credit this was never possible before. That has now changed with the eWallet from Paysafecard. However, anyone who deposits using a Paysafe code can only withdraw to their verified bank account. It is not possible to transfer winnings to an unverified person’s account due to anti-money laundering policies.
Only winnings are paid out
An online casino is not a bank. For this reason, it is also not possible to deposit money and order it back later. Real money deposited into the player account must also be used to play. Only winnings are paid out. That is why deposits and winnings are listed separately in the cash register area of your online casino and a payout can only be requested for the winning amount. Therefore, you should only deposit real money into the casino account that you do not need elsewhere. The casino is also not permitted to withdraw only parts of the real money balance from the deposit. The amount must first be used when gambling.
Online casino withdrawal security
Many online casino users are cautious when it comes to bank transactions. With good reason, because after all it is very sensitive data that you have to enter here. With reputable online casinos, however, the fear is unfounded, because they ensure that customer data is safe at all times and is protected from access by unauthorized persons.
In general, the latest encryption techniques are used to ensure secure data transfer between the customer and the casino, as well as between the casino and the financial service provider. With many payment methods, not even the online casino has access to the bank details, because you are forwarded directly to the financial institution, which already has the customer details anyway.
The login works via the normal online banking with username and password, the transfer is processed securely using PIN and TAN. Even withdrawals from the casino to the bank account can be initiated in this way. Always encrypted, of course.
There are many online casinos that have TÜV certificates. The operators are happy to have their gaming offers and payment processing checked by an independent body at regular intervals in order to be able to document the seriousness with a certificate for the customer. The TÜV seal of approval ensures more trust among the players.
Payout denied due to lack of verification
Player account verification is an important step that must be completed at all reputable online casinos before a withdrawal is processed. Exactly when an internet casino checks your identity can vary from provider to provider. In the online casino with a German license, a VideoIdent verification must now take place directly during registration. Otherwise you will not be accepted as a player. For casinos with a license from another country, it depends on the jurisdiction when and in what form the identity check takes place before the payout.
Casinos are obliged in various phases by the requirements of the respective supervisory authority to verify the identity of their players. For example, the MGA only requires an identity check for withdrawals, while in UK casinos you have to provide your identification data when you make your first deposit or within a short period of a few hours after making the deposit.
Some providers only require the ID above a certain payout amount. However, most online casinos verify identity regardless of the amount requested.
This is how verification works before a payout
If verification has not yet taken place, the player will receive a message to the email address provided if a payout has been requested. In it, he is asked to send in the required documents via e-mail. Some casinos have also integrated an upload area into the website where you can upload files. Sometimes there is a delay in sending this message and you have to be patient.
These documents are required for the payment
The operators have different requirements here. Some only accept the .jpg image format for documents. ID card and other documents must then be scanned and sent in this format. They must not be edited afterwards. In the case of bank statements, the original in pdf format is often required, but some gambling providers also allow account balances to be blacked out.
Proof of identity will be accepted
- Valid passport
- Valid identity card (front and back)
- Valid driver’s license (front and back)
For address verification are accepted
- Invoice from a utility service provider (e.g. current electricity/gas bill)
- Current account statement with address details
- Current cell phone/telephone bill
- Current tax certificate with address details
- City/municipality registration certificate
Proof of address must show both full name and full address. Only rarely are notarized copies required as proof of address in online casinos for a payout.
Sometimes even more documents are required, because money laundering is a big issue, especially in the gambling sector. So it can happen that you are asked about the origin of the amounts paid in. This is particularly the case if large amounts have been previously deposited. A distinction is then made between Source of Funds (SOF) and Source of wealth (SOW) .
Here it is sufficient if you state, for example, that the money is the salary from an employment relationship.
Now it gets a bit more critical, because you have to state exactly where the money came from. Most will be able to prove it through their payslips. If the assets are inherited, official evidence must be provided, as must the money from a gift.
It often happens that players deposit much higher amounts into the casino than their pay slip shows. Of course, the question then arises: where does the money come from? It can therefore happen that the provider then digs deeper and demands proof of origin. Of course, the amount can come from a higher win in another casino. Then you are obliged to provide this proof by means of a confirmation from the other provider and a bank statement on which the amount was received.
So it is not so easy to use black money in the online casino and ‘launder’ it there. Everyone should be aware that sooner or later they may also have to provide proof of origin. If you want to avoid delays in the payout, you should ideally verify yourself directly when making the deposit. Then the payment runs absolutely smoothly in most cases and you can quickly enjoy your winnings.
Frequently asked questions about online casino withdrawals
Who Pays Out Faster? Big or small casinos?
Larger online casinos, which are better known, usually have more employees who are responsible for checking deposits and withdrawals. However, one cannot generally say that large online casinos pay out faster than smaller ones.
How does a casino bonus withdrawal work?
Anyone who plays with bonus funds must first meet the bonus wagering requirements before they can request a withdrawal from it. The bonus amount must first be played through completely before the winnings can be withdrawn. You can get more detailed information in the bonus section of your online casino. The betting conditions vary from provider to provider, which is why it is not possible to answer the question individually at this point. The fact is: If all conditions are met, nothing stands in the way of a payout.
Which are the online casinos with the fastest payouts?
At the top of our top 10 list you will find good online casinos whose payouts are processed quickly and transactions are initiated quickly.
Are there any fees for fast withdrawals?
Most online casinos are quick to process requests. Any fees incurred by the payment service providers are usually borne by the casino operators. If this is not the case, reputable providers will indicate this in the checkout area or in the general terms and conditions.
How long does an online casino withdrawal take?
When a payment is requested, it can take about 2-3, sometimes longer, until the amount is credited to the account. On the one hand, the online casino checks the authorization to debit, on the other hand, the bank checks the deposit. However, if the bank is abroad, there may be further delays.
Do I have to pay taxes on the profit payout?
Currently, the legal situation in Germany provides that winnings from pure gambling (where only chance decides) are tax-free. This applies to casino games, but also to lottery and sports betting. However, anyone who gambles ‘commercially’ or ‘professionally’ must pay tax on their winnings in full. By the way: All casino providers with a German license have to pay taxes when gambling online. All income from German casinos is taxed at a flat rate of 5.3 percent.
How do you recognize a serious payout at the online casino?
Serious withdrawals should not incur any fees. Costs of any kind should only be incurred in absolutely exceptional cases. Payments from the casino account should also be possible on a credit card and verified within 1 – 2 days. It is also important that the operator does not specify an upper profit limit in the terms and conditions. A good sign is when only reputable payment service providers are listed in the banking area.