Everything you need to know about fast payouts at online slots sites
There are several important factors to consider when choosing which fast withdrawal online slots site deserves your hard-earned cash. Understandably, the games, bonuses, and promotions on offer are weighed-up in extensive detail. However, it is important not to forget about the payout speeds offered by the casino too. After all, a huge incentive for playing is the potential winnings you could get your hands on. Fortunately, fast withdrawal times are becoming a benchmark by which a top-quality gambling website is measured and as such, there are a few UK online slots sites that have upped the ante in an attempt to stand out from the rest of the competition.
Payment Methods – Payout Times
Assuming the journey is over once your online slots site has released your funds is an easy enough mistake to make. Your cash is now in the hands of your chosen payment vendor, whether that’s PayPal or your chosen bank. For certain methods, such as e-wallets, the process is complete instantly. Other payment options, such as debit cards and bank transfers, however, are subject to further processing. This can take anytime between two and five working days.
This makes it clear then, that a fast payout slots site alone doesn’t guarantee a speedy withdrawal. Certainly, a slots site which jumps into action as soon as you ask for a withdrawal stands you in good stead, but your choice of payment vendor also plays a pivotal role, too. Let’s take a look at how the most popular payment methods stack up against one another when deciding on a fast withdrawal slots site.
Deposit time: Instant
Withdrawal time: Instant
For fast payouts, e-wallets are certainly one of your best options. Once the slots site has released your winnings, you only need to wait a few more minutes before it is credited to the chosen e-wallet account. Most of the fastest withdrawal online casinos will allow for both deposits and withdrawals using an e-wallet. For Neteller and Skrill, the deposit and withdrawal limits are generally favourable to most players, with a minimum of £10 for deposits and £20 for withdrawals applying at most casinos. At the top end, you can usually fund your account or withdraw up to £30,000 in a single transaction, but yet again, this is subject to the casino’s own terms and conditions.
The downsides are PayPal withdrawals usually max-out at £5,500 which isn’t great for high-rollers and quite often e-wallets are ineligible for casino deposit bonuses. Additionally, you still need to get your cash from the e-wallet to your bank account if you want to have hard currency, resulting in a few days more to wait.
Popular examples: Mastercard, Visa, Diners Club, American Express EveryDay
Deposit time: Instant
Withdrawal time: 3 – 5 working days
The credit card is still the most popular method used to fund an online slots site account as it offers numerous security features and instant deposits. Also, the majority of credit cards allow for high depositing and withdrawing limits. However, both the slots site and the card issuer play a role in determining what those limits are.
Still, the credit card cannot be considered among the fastest slots payout methods with anything between three and five working days required at some casinos to process a withdrawal once it has received your cash from the casino. Lastly, it should be noted that a large number of casinos do not allow for withdrawals to Mastercard credit cards.
Popular examples: Maestro, Visa Electron, Visa Debit
Deposit time: Instant
Withdrawal time: 2 – 5 working days
Very similar to credit cards in that they offer instantaneous deposits and high deposit and withdrawal limits. Again, withdrawals aren’t instant here. If you request your funds towards the end of the week, you could end up waiting a whole week for your cash.
From a security aspect, prepaid vouchers and cards are a great innovation for the casino industry. However, the depositing limits are very restrictive as Paysafecard vouchers, for example, only go up to £100. The leading prepaid cards usually max out between £500 and £1,000.
For fast payouts, this payment method is a little redundant as you usually can’t withdraw money back to them. Therefore, you’d have to go through the process of either making a bank transfer or using an e-wallet for your withdrawals instead.