Fastest paying online casinos

Gambling is a pastime that often appeals to those who appreciate instant gratification, so it was always going to be a tough sell convincing players that it was worth waiting a fortnight or more to receive their winnings. Despite this, players of the first online casinos had little choice but to accept slow payouts - they were an unavoidable consequence of being able to play online. Fortunately, things have changed significantly during the past few years and there are now plenty of casinos and other businesses trying to find a solution to the problem of slow withdrawal times.

All websites that accept wagers are required by law to verify the identity of players who place bets with them, but strangely the law doesn't compel them to perform these procedures until the point at which a player makes a withdrawal request. The result of this is that players are free to deposit and lose as much as they wish, but when they are lucky enough to win something it often appears that the casino is stalling for time and using delaying tactics to avoid paying out. This is understandably very frustrating for players, especially if they do not have instant access to all of the information and documents that the casino requires to verify their identity.

Many UK-based online casinos now use electronic verification methods to confirm the identity of their players, but many will still ask to see a copy of a passport or driving license plus a recent utility bill before they can process withdrawals larger than around £2,000. The speed and simplicity of electronic verification have also led to many of the larger casinos choosing to verify their players during their signup procedures instead of waiting until a withdrawal has been requested. If you fail the electronic check for any reason, perhaps because you are not yet on the electoral roll and your current address, then you will be asked to submit your documents before beginning to play. It's worth getting in touch with the support department of every online casino you join immediately after completing registration to ensure your identity has been successfully verified and thus avoiding any frustrating and unnecessary delays when you request a payout later on.

Many online casinos still enforce a "pending period" when a withdrawal is requested, during which the funds are removed from the player's account but are not actually forwarded to their chosen payment method. During this time the majority of casinos will allow the player to reverse their withdrawal, allowing them to continue to play. Online gaming forums are full of horror stories from players whom temptation has got the better of, who have sadly ended up losing huge sums of money that they had previously intended to withdraw. The casinos will tell you that players love having a reverse feature available, and that it saves them a fortune in processing fees and man hours spent sending withdrawals only for players to deposit again moments later. 

Whilst it is ultimately a player's own fault if they choose to reverse a withdrawal and lose it, but many question whether pending times and reverse periods are anything more than a ploy that exploits the very nature of gamblers personalities. In order to counter such claims, many online casinos now allow withdrawals to be "flushed", preventing them from being reversed prior to being processed. You usually need to request a flush manually, but some casinos such as Rizk have created systems to allow players to perform this action themselves.

One of the best changes to take place since the turn of the century from a players perspective has been the advent of e-wallet payment methods such as Skrill, Neteller, and to a lesser extent PayPal. Many online casinos process e-wallet withdrawals quicker than those requested by other methods, with some such as Videoslots promising to complete these withdrawals in an hour or less! Some fast paying online casinos even offer instant payouts to these methods. Depositing and withdrawing using an e-wallet allows you to receive your winnings as soon as they are sent by the casino, with none of the delays caused by regular banking procedures. You can even purchase a debit card linked directly to your e-wallet balance, allowing you to spend your winnings the moment they arrive. 

There are some fees associated with using an e-wallet and an accompanying debit card, so they aren't as universally popular as you might expect. Regular bank accounts aren't as slow as they used to be either, so it's worth checking your own bank's timescales as well as those of the casino you are playing with before deciding to use an e-wallet service. Refunds to a credit or debit card often take just two working days now, which may well be fast enough for many players. Most UK banks also now support receiving transfers via Faster Payments, although not all online casinos send payments via that service as of yet.

You might have heard of the Bitcoin digital currency, which many have suggested could revolutionise online gaming by removing banks from the equation entirely. There's no doubt that Bitcoin could well be the future of online payment methods, but using this digital money currently requires a high level of technical expertise, making it unlikely to be adopted by the mass-market - at least for now. 

When it comes to being paid quickly, there has never been a better time to do your gaming online. Whether you choose to deposit and withdraw using an e-wallet or more conventional methods, there are now plenty of casinos who realise that paying their players quickly is a necessity - not a luxury! 

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